I sent a letter to Equidata. There are 5 accounts listed on my credit report with no amounts listed for the amounts due., and in each box N/D is listed nothing else. But this showwith 5 different account numbers. Which by the way only list the last 5 digits. They sent a letter back stating they could not find my account number and want me to calll them with my correct account number and or social security number to help them retrieve the account. The letter then went on to state that I could satisfy my account today by calling and paying the account in full at not charge using a check, visa or Master or debit card. Why would they say this if they can not find my account? What should I do?
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.