Recieved a letter stated that their a law firm collectig a debt for my SL which is through NCT for $20thousand+ and states that call them could result in recieving a significant savings by settling this matter for a reduced amount. My loans is in default and is a private loan which was through chase but is now serviced by NCT is this real and what should I do?
Ive been approched before and settlement amounts were to me not realistic and they were un willing to do pymt plan for settlement amounts.
Help want to pay my student loans but not able to make the unreasonable pymts they are offering.
Also when trying to contact NTC they keep refering me to the collection
company rather than work somthing out with me themselves why is this.
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.