My wife was served a lawsuit by Trauner in June 2006. We answered denying that we owed anything to their client, CACV. CACV bought my wife's bad debt from Direct Merchants Bank. Five months have passed and we have heard nothing until the other day. They mailed her a motion for summary judgment which we assume they will file with our county court. The letter was not even certified or served by a sheriff the way that the initial suit was served. How do we answer this?
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.