Credit Card Debt Elimination
When you try to eliminate credit card debt using magic you will quickly learn that it is much easier to make the debt collector "disappear" because he believes he is the magician and he is going to pull money out of your bank account and make it vanish into thin air but we all know it is going into his pocket.
Your actual credit card debt "disappears" after you stop paying for six months. The bank is then required by federal law to "write off" the debt and that is the end of your account. Your debt has actually vanished, however your account information is sold to a collections company.
So now the "magic" is to make the debt collector vanish into thin air. There are some steps you must do to make the trick work and when you do each step, it lessens the probability that the collector can get money from you.
The first thing you should do is say the magic words "communicate with me in writing only" and hang up the phone when a collector calls. Never give him any information whatsoever not even your name or address. The less information he has, the better for you.
The second step is to answer any written communication from the collector by demanding validation or proof that you owe him money. You can find information on how to do that at the Fair Debt Collection Practices Act under article 15 USC 1692 (g). You will be demanding that he show proof that you owe him money and he cannot do it.
The third step is to file a "sworn denial" with the clerk of court in your county and this step is only necessary "if" you are being sued by the collector. This is an important step because it will force the debt collector to produce a witness that is "familiar" with your account.
This witness will never be able to produce a contract with your signature, they will have never seen you before and they will have no knowledge of you or your account until the debt collector hands it to them which means they have no "personal knowledge" of you or your account.
When the debt collector is unable to produce a witness with personal knowledge of your account, he has no proof! Without proof, case dismissed! Never let fear of the unknown hold you back. If you do "nothing" you will lose!
You do not need "smoke and mirrors" to eliminate credit card debt and make a collector disappear. You do need knowledge and the courage to stand up for your rights to make it happen!
Your actual credit card debt "disappears" after you stop paying for six months. The bank is then required by federal law to "write off" the debt and that is the end of your account. Your debt has actually vanished, however your account information is sold to a collections company.
So now the "magic" is to make the debt collector vanish into thin air. There are some steps you must do to make the trick work and when you do each step, it lessens the probability that the collector can get money from you.
The first thing you should do is say the magic words "communicate with me in writing only" and hang up the phone when a collector calls. Never give him any information whatsoever not even your name or address. The less information he has, the better for you.
The second step is to answer any written communication from the collector by demanding validation or proof that you owe him money. You can find information on how to do that at the Fair Debt Collection Practices Act under article 15 USC 1692 (g). You will be demanding that he show proof that you owe him money and he cannot do it.
The third step is to file a "sworn denial" with the clerk of court in your county and this step is only necessary "if" you are being sued by the collector. This is an important step because it will force the debt collector to produce a witness that is "familiar" with your account.
This witness will never be able to produce a contract with your signature, they will have never seen you before and they will have no knowledge of you or your account until the debt collector hands it to them which means they have no "personal knowledge" of you or your account.
When the debt collector is unable to produce a witness with personal knowledge of your account, he has no proof! Without proof, case dismissed! Never let fear of the unknown hold you back. If you do "nothing" you will lose!
You do not need "smoke and mirrors" to eliminate credit card debt and make a collector disappear. You do need knowledge and the courage to stand up for your rights to make it happen!
and down load the free e book Control Your Creditors to begin educating yourself with the wisdom to stop any debt collector in his tracks. Find out why collectors will gladly accept 10% of what you owe just to get rid of you or go away altogether. Learn the secrets to improve your credit score 60 to 120 points after you stop paying and learn money mastery for life to stay out of the debt trap forever
