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You Can Avoid Bankruptcy and Still Eliminate Credit Card Debt by Not Paying It.

Debt collectors and collection attorneys do not expect to collect from everyone.  If they collected from half of the people on the debtor lists they receive, they would be very successful.  They work on commission and flat fees.  Their time is money.  Why should they should waste time with an educated consumer who knows how to legally resist them to eliminate credit card debt, when instead they can pursue less fortunate individuals who think they must submit to a debt collector’s demands and do not understand the process needed to eliminate credit card debt.

In addition to bankruptcy being a difficult experience to handle and to its 10-year presence on a consumer’s credit report,  a consumer could qualify for Chapter 13 and be forced into payment plans for five years to many unsecured creditors including the junk debt buyers who own their inflated credit card balances.

According to the Credit Card Debt Survival Guide, the proper written communications in keeping with the Fair Debt Collection Practices Act to a debt collector’s or collection attorney’s initial demand for payment can signal the collectors that this consumer is educated in debt collection matters, knows his or her rights and is therefore not a good candidate to continue to pursue with or without court action.

While debt collectors can threaten a lawsuit and notices on collection attorneys’ letterheads can be unnerving, consumers who bother to educate themselves about credit card debt collection can motivate debt collectors and collection attorneys to focus their energies elsewhere. It is all about documentation; how a consumer responds in writing to collection attempts and what original creditor documents the collection attorney has to pursue someone with (usually none, or just a few copies of old statements).