How to Get Out of Credit Card Debt in Months No Matter How Much You Owe Using Only Your Knowledge
Wondering how to get rid of credit card debt torments the minds of millions of unemployed citizens but there is a real solution to this growing problem and absolutely anyone can do it with a few simple steps.
The biggest problem you face is overcoming "fear" from a lack of knowledge.
Step one is to stop paying and stop worrying about it.
Card companies will send a few late notices that will become progressively more threatening.
Just before closing your account at the end of six months, the company will threaten to turn your account over to a collection agency if do not pay.
The card company will not sue you because they cannot show a loss.
To legally prove "damages" the company must prove a "loss" occurred which is impossible because no money was ever loaned.
An account was opened through which "debt" flowed, not money.
Step two begins when the bank sells your account information to a collection agency for a few pennies on the dollar of the alleged amount owed.
Here is where people get really scared and lose their wits.
The Fair Debt Collection Practices Act explains exactly how to respond to their phone calls and written collection notices.
This step will require you to tell collectors to "communicate with me in writing only" and hang up the phone.
This will force the collection agency to send a written communication demanding that you give them money and you reply with a demand for "proof" that you owe them anything.
Collectors cannot prove that you owe them anything.
They have no contract with you whatsoever.
The only thing they have is old account information that is worthless.
If you give them money then you have established a contract with them so give them absolutely nothing except your demand letter.
Step three is required only if the collections company files suit against you.
It is called a statement of denial.
You say something to the effect that "I deny this is my debt but if it is my debt, I deny that it is a valid debt and if it is a valid debt the amount is incorrect" and file the statement with your clerk of court and send a copy to the collection company.
The step will force a witness to be produced that has "personal knowledge" of your account.
The witness must produce a written contract signed by you in their presence or produce an expert witness with proof that it is your signature.
These things are absolutely not going to happen.
Once you demonstrate the knowledge that you know how to get out of credit card debt, the collections agency will be forced to give up on you and move on to someone who is living in fear and does not understand the easy steps involved.
You can free yourself of credit card debt easily as 1, 2.
3 with no money!
The biggest problem you face is overcoming "fear" from a lack of knowledge.
Step one is to stop paying and stop worrying about it.
Card companies will send a few late notices that will become progressively more threatening.
Just before closing your account at the end of six months, the company will threaten to turn your account over to a collection agency if do not pay.
The card company will not sue you because they cannot show a loss.
To legally prove "damages" the company must prove a "loss" occurred which is impossible because no money was ever loaned.
An account was opened through which "debt" flowed, not money.
Step two begins when the bank sells your account information to a collection agency for a few pennies on the dollar of the alleged amount owed.
Here is where people get really scared and lose their wits.
The Fair Debt Collection Practices Act explains exactly how to respond to their phone calls and written collection notices.
This step will require you to tell collectors to "communicate with me in writing only" and hang up the phone.
This will force the collection agency to send a written communication demanding that you give them money and you reply with a demand for "proof" that you owe them anything.
Collectors cannot prove that you owe them anything.
They have no contract with you whatsoever.
The only thing they have is old account information that is worthless.
If you give them money then you have established a contract with them so give them absolutely nothing except your demand letter.
Step three is required only if the collections company files suit against you.
It is called a statement of denial.
You say something to the effect that "I deny this is my debt but if it is my debt, I deny that it is a valid debt and if it is a valid debt the amount is incorrect" and file the statement with your clerk of court and send a copy to the collection company.
The step will force a witness to be produced that has "personal knowledge" of your account.
The witness must produce a written contract signed by you in their presence or produce an expert witness with proof that it is your signature.
These things are absolutely not going to happen.
Once you demonstrate the knowledge that you know how to get out of credit card debt, the collections agency will be forced to give up on you and move on to someone who is living in fear and does not understand the easy steps involved.
You can free yourself of credit card debt easily as 1, 2.
3 with no money!
