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The Basics Blog 4.20.11

Credit Card Debt Relief Solutions Offered by the Banking Establishment Do Not Make Sense

  1. Admitting ownership of a debt in writing to a junk debt buyer [JDB] simply creates an opportunity for them to single you out for a credit card debt lawsuit.
  2. Working out a payment plan with a JDB who paid pennies on the dollar for your debt will do nothing for your credit rating.
  3. Most financial advice websites like the two below do not recognize that some people simply cannot pay their credit card debt.

Don't fall prey to aggressive debt collection tactics
CreditCards.com
By Todd Ossenfort I have a credit card debt that has gone to the first stages of collection. I recently talked with the collector about my debt and was ...
Be polite but firm with debt collectors
Bankrate.com
Your first priority is not worrying about the debt collectors but focusing on getting a new job. The credit card accounts have already been charged off by ...

 

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Home -- Guide's Table of Contents -- Credit Card Debt Blog -- Credit Card Debt Articles -- Court Summons-- Credit Card Companies -- Debt Counseling -- Debt Services -- Junk Debt Buyers -- Debt Collectors -- Credit Card Debt Consolidation -- Credit Card Debt Settlement -- Credit Repair -- Debt Collection Attorneys -- Contact Us -- Privacy Policy

 

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