MY HUSBAND FAIL TO PAY A VERIZON ACCOUNT THEN IT WAS TRANSFERRED TO PINNACLE, THEN TO AMERICAN AGENCIES HE MAID A DEAL AND SETTLE FOR 60% TO BE MADE IN PAYMENTS WE PAID 200 SO FAR i CALLED THEM A WEEK AGO TO MAKE A PAYMENT AND GOT NOT ANSWER i CALLED PINNACLE AND THEY TOLL ME THE ACCOUNT WAS WITH SEILER AND ASSOCIATES THEY HAVE VERIFIED THE DEBT BUT THEY DO NOT ACKNOWLEDGE THAT THERE WAS A SETTLEMENT AND PAYMENTS MADE AND THEY WANT THE HOLE AMOUNT.
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.