I learned about this collection from a letter that was mailed to my home. Then sent a debt validation letter to them within 2 days of receiving the letter. I have a delivery confirmation that it was delivered. They did not respond to my DV letter. I received another letter demanding money before a certain date or legal action will be taken.
The letter from the collection agency states this is a pre-legal notification if i do not submit a payment to the by 10.10.10. It instructs me to call them and set up further payment plan.
Can someone tell me what action i should take next?
No collection agency can continue with the collection process till they validates your debt. You have the right to dispute this debt with the credit bureaus. You should also file a complaint with the Federal Trade Commission and your State Attorney General, as the collection agency have violated the Fair Debt Collections Practices Act.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.