I have unable to pay my mortgage and maintenance fees with the management agency of my coop apartment. I have recently received a "notice of debt collection" in the mail. Included is a verification listing the months that I have paid and unpaid. What do I do at this point? Can I send them a Debt Validation letter? I would like to dispute it, but I don't know which letter to send. Thanks!
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.