I have a private student loan that was disputed in court. There was a settlement for less than the original amount. Since then the loan has been sold and resold at least 3 times. It has suddenly disappeared from my credit report. The "Servicer" of the loan is still asking for payment. Can I refuse payment or will it reappear on my credit report? I don't think they could produce any original paperwork if I asked for it. Can I freeze my credit now, then stop paying them, then when they try to report to the credit bureau I can deny it? I'm not sure if it would work that way. Any advice?? I can provide additional details if that will 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.