Beat Credit Card Debt By Losing The Guilt Associated With It
These days, there are many consumers who simply cannot pay the high monthly minimum payments on their credit card debts. Their guilt about that will make their likely encounter with credit card debt collectors all the worse.
Some who go through this, however, realize that they do not need to feel guilty and submit to debt collectors.
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 can be compared to invoking the Fifth Amendment. It is not an indication of character. All this means is that the other side will have to prove that they have a case against you.
The Fair Debt Collection Practices Act requires the credit card debt collector to send the consumer a statement saying;
1. The debt collector can assume that the debt is valid if the consumer does not dispute the debt’s validity.
2. In order to dispute the debt, the consumer must dispute the debt in writing within 30 days, by sending a letter to the debt collector.
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.
For an unsecured, unsigned credit card debt, the first thing a credit card debt collector must do is to get the consumer to admit to the debt; to take ownership of it, to admit “guilt.” That one exchange between the consumer and the credit card debt collector sets the tenor for the rest of the debt collection communications between the two. But, if the consumer denies and disputes the alleged debt and forbids further communications, the collector will likely move on to an easy target.
If you are seeking credit card debt relief, whether you can afford to pay or not, read Matt Highlander’s Credit Card Debt Survival Guide.
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