I just got a call from some guy with a heavy thick indian accent. He claims that I have an unpaid pay day loan and that they are serving me with papers for a court date. They are out of California, I live in Connecticut. I had a loan about 7 years ago and swear I paid it. I don't have any paperwork anymore it's been so long, and they won't send me anything or give me their address. What do I do? Can they sue me for real?
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.