Earlier I posted my story about Harvest Credit Management (but had to delete it on advice from my lawyer) trying to collect a debt they had promised in writing never to collect or sell it again. Plus RPM and Nationwide collection agencies were being naughty. My lawyer sued them all for a total of $30,000 for FDCPA and Harvest for breach of contract. Of course we were willing to settle for much less then that but wanted to have some fun since collection agencies always like to over-inflate amounts.
WELL, after some settlement negotiations we settled with all 3 parties. I will receive $7500 PLUS all attorney fees paid!! To celebrate, i'm buying myself a newer car and taking a nice vacation for once in my life. My life and credit is finally back on track.
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.