Calgary investments LLC Calgary Hawthorne New York Collection agency 1099 rip off Hawthorne , New York
Collection Agencys non- disclosure scam....
Have you settled with a collection agency for a past due debt?
Whether it was actual amount or amount plus fees and interest?
the newest scam, FYI is You will get a 1099 in the mail for the amount, they released you from Example you owed $200 with fees and interest it is $769 you settle for $269, you will get a 1099 for $500 ! In fact they never tell you this when you settle. You will receive a letter stating that they reported this to the IRS according to their regulations. As well as please address your questions to a tax professional ( because they will not tell you that you now have to pay taxes on what they believe you saved?)
Thank you US congress Barney Frank and Chris Dodd This is a complete masquerade
1 Updates & Rebuttals
Stacey
Dallas,Texas,
U.S.A.
Not new
#2Consumer Comment
Tue, February 01, 2011
Portfolio Recovery does the same thing so this is not a new scam - just a copied one.