Collections Agency bought SOL Debt, Now on my Report too
Date: Mon, 03/10/2014 10:36
I had a Credit Card debt that went to collections. The last payment was on May 4 2009. The debt was sold to Midland Funding on 11/2013. They have not posted a negative report to the 3 Reporting Agencies. Can I dispute this to have it removed?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.