Originally posted 2012-02-25 23:48:46. Republished by Blog Post Promoter

If you have difficulties on paying all your credit card bills, it is greatest that you keep just one (or two) card in order that you can pay it off easily. If you fail to adhere to one or any of these cards, they might up your rate of interest or lower your credit limit and credit score as a punishment for not paying in time. However, they’ll still, and most probably, not cancel your credit card. That way you’ll have a card to use when required for leasing a car, etc. and a start to improving your credit.

The original debt collectors aren’t to be considered as debt collectors as mentioned in the Fair Debt Collection Practices Act. Their collection activities aren’t governed by the FDCPA. Usually the credit card debt that is to be charged off after six months of missed payment is managed by the debt collector who’s covered by the FDCPA.

Answer to every initial communication from a spam debt purchaser, collection agency or collection attorney with a deny/dispute/debt validation letter sent CRRR.

In July 2010, The Federal Trade Commission has applied new rules involving upfront fees, prohibiting companies to collect these upfront fees in exchange for clearing the credit card debt.

Payment Plan Settlements can be dangerous and risky.





The majority of the credit card debt relief scams have one thing in common. These people demand an upfront before begin working. Do not ever part with your money until you’re sure of the results.

One of the best ways to settle your credit card debt is with the help of an attorney. You may always have an attorney on your side and have an option of bankruptcy and there’re chances that the creditor may not be paid anything. With regards to paying fees, it is far better to pay small fee to the attorney instead of paying 15 percent of the total debt amount to any debt settlement firm.

Everybody is entitled to the right of having a nearby trial in a legal court district where he lives. That signifies that to actually pursue a court case against you, a credit card provider should find a local collection attorney to open a case against you in your court district and to send you a summons.

“I’m not in receipt of any documents which verify I owe your client’s money, ”When sending a debt collection attorney a debt validation letter, this kind of language puts them on notice that they’ll need to correctly document the alleged debt if they’re to be successful in the court (credit card debt relief act). Normally they do not provide an signed agreement, accounting of charges, interest against the supposed balance or any kind of proof of the ownership of debt by the client.

When a client debtor sends a debt validation letter to a debt collector within 30 days of receipt of a mini Miranda notice, she or he may instruct the debt collector to cease all collection activity such as phone calls. If the debt collector phones the creditor within these times, the debt collector will be fined $1000 as it is a violation of the Fair Debt Collection Practices Act .

Just because the plaintiff’s collection attorney says something on paper or on the phone doesn’t make it true or even legal. The FDCPA considered collection attorney as debt collectors. Some of them may lie in oral communication but they don’t do so with written information. Ensure that you don’t convinced by their threats to take law suit.

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