I was served today by Midland Credit Management today for unpaid debt.
Long story, but I always paid on time. A disaster at my work and then covid saw me lose 40% of my pay for 16 months.
I could not juggle all my debt, (never took any unemployment) and tried to arrange payments to resume once the business came back. No help from Amazon.
I am slowly getting my finances back. I know this needs to be paid, but I cannot pay it all off at the moment.
I can make payments, but not much yet.
I have 14 days to respond to the court.
What is my best action?
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.