Your credit card debt is the exact reason the Fair Debt Collection Practices Act was written back in 1966. Few people today realize it is a nuclear bomb handed to them by now mostly banned congressional members dead set on outlawing credit cards. It's even more powerful now than when it was signed into law.
There is no reason to ever pay a penny to a card company because congressional members of the time saw it for the fraudulent decption it was. They set out the laws for the people to use against these ruthless money mercenaries that tried to enslave the citizens and the entire government.
So why did Congress get so upset about the ultimate fraud these companies were unleashing on the public? It was just before Christmas when some card companies decided to dump 5 million credit cards in Chicago to anyone with an address including babies and dogs! You can read the story using the search term "Frontline – the Chicago debacle" and while you're there you'll see another story called "a little gift from your friendly banker" which tells about millions of other cards dumped in other cities.
The banks did not really care about money for cards because it was generated from thin air and never was there a penny taken from any banks vault to fund a card account! To understand how these works use the search term "the gig is up – money, the Federal Reserve and you" to see this amazing video presented at the University Of Colorado School Of Law. It is an unforgettable history lesson that will change your life forever!
Law makers of the time saw what was going on with this fraudulent money grabbing scheme and considered totally outlawing cards but decided instead to make a law where people could take as much money from a bank as they wanted and never repay a dime! They reason if banks are that dumb then let's give them what they want! And so, The Fair Debt Collection Practices Act was born and remains in tact to this very day.
As you know from watching the gig, the banks and Wall Street insiders are collectively responsible for our nations economic downfall. Lobbyists with sacks full of money convinced present day politicians to initiate the bailout which ended up being the largest transfer of wealth in the history of the world and generations of new taxpayers will be picking up the tab for many years to come! It appears the fraudulent banking schemes will continue!
It is up to "We the People" to save ourselves from these card companies using the Practices Act during these times of massive unemployment. As you recall, the banks lose no money from your card account being closed so they rarely file lawssuits against account holders and instead sell the information information to collection companies that will try to perpetuate the banks same old fraudulent scheme.
You have already obtained so-called free money from the card and now it's time to reap some windfall money from those collectors that are constantly harassing you over the phone. You will need a digital recording device to use as evidence to prove your rights have been violated. You can use the search term "FTC debt video" to see what constitutes a violation.
Never give a collector any information other than your name and record every single call! Tell the collector you're coming into a lot of money (his companies) and you're going to pay everyone you owe (and you do not owe him a penny) and after getting his information you can explain to him you believe it is some kind of bottom feeding parasite so you're not going to give him any money. Use whatever you like to get the violations started.
Each violation is worth $ 1000 and you can use any violation to have your account marked paid agreed in exchange for not filing a lawsuit. If you choose to file a lawsuit, use search terms such as "man wins $ 1.5 million from collector" or "woman sues collector wins $ 8.1 million" to see the unlimited possibilities.
Now you know your credit card debt is the very reason those mostly fraudmed lawmakers wrote The Fair Debt Collection Practices Act. Do not make them turn over in their graves because you did not use your constitutional rights against these fraudulent banking schemes. These very upset lawmakers left you all the tools you need to get all the money from the banks you desire. Do not let them or especially yourself down in these trying economic times. You'll find additional help by clicking the links below.