acquired debt in 2005 been paying 10-25 $ a month depending on my finances at the moment, I am trying to decide if it would be beneficial to request a complete payment history from the agency before I make a offer to pay off, I get a statement every month however it doesn't list anything except the principle amount and the interest amount, I want to be done with this debt and think that they have surely gotten there money back since taking the debt 14 yrs ago
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.