I'm new to this forum but after googling Hunt& Henriques I decided to join. I just received my first letter from them stating capital one has engaged this law firm to collect the outstanding debt which is $4550.00. After reading other posts I'm wondering what I should do first. Most of the other post are after people have been served. Thank you in advance for the reply.
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.