Beat Credit Card Debt By Losing The Guilt Associated With It

Posted by Matthew Highlander

November 1, 2009

Every day more consumers fall behind on their credit card debt payments and leave themselves open to being threatened by credit card debt collectors. Some people simply cannot afford to pay their growing minimum-monthly credit-card debt payment(s), as a result they begin to feel hopeless and guilty.

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) Send a consumer a statement saying that the debt will be assumed to be valid unless that debt is disputed.

2) Says that the consumer must dispute the debt, in writing, within thirty days of dispute.

The Fair Debt Collection Practices Act also allows consumers to write to the credit card debt collector stating that they refuse to pay the debt, or that they would like the debt collector to stop all communication regarding 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.

With an unsecured, unsigned credit card debt, a debt collector has to get the consumer to admit to owing the debt. Effectively they need an admission of “guilt”. The initial exchanges between consumer and the credit card debt collector set the tone of all communications between them. If a consumer denies and disputes the alleged debt, and also forbids further communications, often the collector will look for an easier 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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