I had an HSBC Accnt that was sold to Atlantic Credit and Finance. I got a letter in the mail that HSBC had nothing to do with my account anymore. The HSBC Accnt is in my credit report as a charge off I believe. I know it will take about 7 years for the charge off to disappear off my credit. Is there a time were I can dispute that accnt and try to get it off my CR? Or do I need to wait for the SOL to kick in so I can dispute it 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.