Many consumers, who cannot afford to pay high monthly minimum credit card debt payments and cannot afford to settle those debts, condemn themselves with their feelings of guilt to being tormented by credit card debt collectors.
Some who go through this, however, realize that they do not need to feel guilty and submit to debt collectors. They can eliminate credit card debt by resisting debt collectors and collection attorneys.
The first step to overcoming that guilt, according to the Credit Card Debt Survival Guide, is disputing and denying the debt any credit card debt collector, other then the original creditor, calls about. Not admitting to an unsecured credit card debt and denying it is a legal strategy which forces the other side to properly document their claim, or drop it. It is not an indication of character. All it means is that the other side will have to prove that they have a case.
The Fair Debt Collection Practices Act requires the credit card debt collector to send the consumer a statement saying;
1] Unless the consumer disputes the validity of the debt, the debt will be assumed to be valid by the debt collector and
2] The consumer must notify the debt collector in writing within thirty days that the debt is disputed.
According to the Fair Debt Collection Practices Act, a consumer can also write to the credit card debt collector saying that they want the debt collector to stop contacting them about the debt.
By taking the action of disputing and denying a credit card debt and then requesting that the collector stop all communications, you have made the debt collection effort harder. The collector must return to the credit card company to obtain documents which they then have to forward to alleged debtor. They have to validate the debt with copies of original documents according to the Fair Debt Collection Practices Act.
According to the Credit Card Debt Survival Guide, in the case of an unsigned and unsecured credit card debt, the credit card debt collector first has to get the consumer to admit they owe this debt. How this first debt collection communication from the debt collector is handled is important. The debt collector is likely to move on to a consumer who requires less work, if they are faced with a denial, a dispute of the debt and instructions to cease communications.
You are invited to learn about the many strategies to eliminate credit card debt; some for those who can pay, some for those who cannot pay. Read all about them in the 230-page Credit Card Debt Survival Guide www.credit-card-debt-survival.com
categories: credit card debt,debt collection