I got a letter from Palisades Collection, LLC for a debt in 2008. They said that they has the account from 2006.
remember that got this letter in 2008. they told me that they would settle the debt but did not tell me that i would have to pay taxes of the settlement. so now i have to pay the irs. they never told me that i would have to pay the taxes on it.
not a word about it. i would have gladly paid the full amount then.
i call them in the year of 2010 about it and the lady that i talk to was very rude and not helpful at all. I will never use this company ever again.
Monetary Loss: $1402.