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.
A few on the other hand, however, realize if they get control of their guilty feelings about their credit card debt, they can begin to put their financial problems behind them.
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.
A credit card debt collector is required by the Fair Debt Collection Practices Act to send a statement to the consumer with the debt saying that:
1] Unless the consumer disputes the validity of the debt, the debt will be assumed to be valid by the debt collector and
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.
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.
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. - 29866
A few on the other hand, however, realize if they get control of their guilty feelings about their credit card debt, they can begin to put their financial problems behind them.
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.
A credit card debt collector is required by the Fair Debt Collection Practices Act to send a statement to the consumer with the debt saying that:
1] Unless the consumer disputes the validity of the debt, the debt will be assumed to be valid by the debt collector and
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.
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.
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. - 29866
About the Author:
Matt Highlander researched and wrote the Credit Card Debt Survival Guide for consumers seeking to educate themselves about credit card debt relief.
