I need some good advice - PRA has been routinely calling for about a year and a half. Late last year, the calls came multiple times a day. Every time I actually spoke with them I asked for verification of debt. I sent them several certified letters requesting VOD as well. I'm not sure I owe the money - I had an acct with Chevy Chase in 1993, but our identity was stolen in 1996, and most of our accounts were closed at that time. As you can guess, the information provided for verification was useless, and only went back a few years. I finally wrote them a letter stating that I did not acknowledge the debt, and do not contact me again. To my amazement, they went away. However, on friday I got a 1099-C for roughly 13K. I live in Texas. I contacted an attorney yesterday, who didn't have any answers. What should I do?
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.