I have a question regarding debt validation. I have heard that one needs to send a validation letter to the CA within 30 days. My sister received collection notices from a CA in Linden for around 7 months. She was not aware about validation or anything related to that. So, she didn't ask the CA to validate the debt also. What can she do now? Can she request the CA to validate the debt?
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.