I have been in a fist fight with Experian over a tradeline that falsely appears on my credit report. Its a PenFed auto refi loan and is marked as in default since 2008. Now the thing is that I have never bought or refinanced a car. I have been driving the same clunker my dad left me since he died when I was 16. I have written to Experian at least 3-5 times stating that the debt is not mine as I have never done business with PenFed but the replies are always the same generic stuff about them investigating and then finding the debt to be valid. What do I do to clean up this mess? I live in Parker, Arizona.
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.