My husband has an Allied Interstate trade line reported to Experian and Equifax credit reports. The Equifax lists it as the collection agency and the Experian is reporting it as unknown account. The account is past due for nearly 130 days. The OC was HSBC bank. OC was reporting the account till 11/10 to the TransUnion credit report as charged-off.
What should I do with account? The account was opened in 2007. Will it fall from my credit report in 2014? Will the collection agency also drop the account from my credit report? I have sent dispute letters to the collection agency. I have not received any kind of positive response. Should I try for a PFD with Allied Interstate? Also, please tell me the SOL period in Sausalito, California.
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.