I have an acct listed on my CR for Nuvell for a car repossession. I received a letter today reporting that I have a balance of $10,704.87. When I look at my CR it shows a balance of $9,930.00, past due $11,043.00 and high balance of $16,625. I want to have this acct removed ASAP if possible because I want to purchase a home. Can I dispute this? Or what options do I have...I don't have the funds to settle this acct. It is scheduled to be removed 8/2014 but I want it removed before then.
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.