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 consumers in this situation realize they do not have to suffer this financial death by guilt.
They understand they can use a proven legal strategy to make the debt collector prove the debt is owed. Denying and disputing an unsecured credit debt with a debt collector, not the original creditor, works, according to Credit Card Debt Survival Guide. This strategy forces the other side to prove their case.
The Fair Debt Collection Practices Act requires the credit card debt collector to send the consumer a statement saying;
1) Send a consumer a statement saying that the debt will be assumed to be valid unless that debt is disputed.
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.
Then what happens, when the consumer disputes and denies a credit card debt and instructs collection communications to cease when a collection attempt is made by a credit card debt collector? Their job has been made harder. They must validate the debt with copies of original documents. That means going back to the credit card company for documents, then forwarding them to the consumer.
In the case of an unsigned and unsecured credit card debt, the credit card debt collector first has to get the consumer to admit their guilt and that 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.
Matt Highlander spent months researching strategies for credit card debt relief. Read the complete 230-page Credit Card Debt Survival Guide
Tags: business, Credit, credit card, credit card company, Credit Card Debt, credit card debt collection, debt, debt collection, finance, personal finance
