Hi, I just got an email summary of my credit condition and Radio/CBSD is shown with a credit limit of $2000 nad nothing owed, also there si no record of any late payments. I have never before heard of that organization and have no idea who they are. To the best of my knowledge I have never owed them anything. Who are they and what is this all about? How did they get my name? What are they doing with it?
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.