I received a letter today from Farber and Brand. They are attempting to sue me for a credit card debt that is old. I was originally taken to court for payment, but unfortunately defaulted. The judgment in that case was filed 11/2010. Has the SOL expired? They also sent a copy of an ENTRY OF APPEARANCE. I'm confused and don't know what to do. This debt is not even on my record anymore. I could use some good advice if anyone can help.
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.