Our second mortgage, through GMAC, carried a balance of 22,000 and we began paying after our Chapter 13 discharge.
That company went through some type of reorganization. Last week, we got a letter from OCWEN saying they now serviced the loand and it listed a balance of 32,000. Yesterday we got ANOTHER letter saying OCWEN was now servicing it for a company called RFC Home Equity and it had a balance of 49,000.
As you can see - our balance has more than doubled and I don't know why. I want to dispute the debt (or tell them they can take the house for Lord's sake), but am wondering if anyone has any idea why this would be going on??
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.