I was applying for a new mortgage and when my Experian credit report was pulled there were six entries on my credit report from the same collection agency that were posted in February.
I had never heard of the company nor do I have a clue what the entries are for. I don't ever recall receiving a collection letter or call from this company. The total dollar amount owed is next to nothing, 2 of the entries are for $22 each and the other four are for $12 each.
Do I send a debt verification letter or just pay the $92 and let it go? I've tried calling the number listed on my Experian report and it is not valid.
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.