Credit Card Debt Collection and the Real Truth about Debt Relief

It should go without saying that the so called spam emails that simply arrive on your computer’s front door without warning or solicitation are not to be taken as anything more than (not particularly clever, by and large) attempts to part consumers from their money in the name of debt relief. Most of the better known and widely respected resources for digital correspondence such as Gmail or Yahoo or AOL have designed their own specific methods of barricading the more blatant advertisements from entering, but, should you accidentally open one of these missives by error without realizing that you did not know the addressee, you must erase the message at once before accidentally releasing a virus, regardless of how dearly you wish to learn more about credit card debt relief.

Similarly, beware of any telemarketers offering what may sound like an unbelievable solution to your credit card debt predicament: even if the call has been placed by a collection agent or customer service representative employed by the company holding the note for the credit card debt balance. Odds are, if the folks on the other end of the line could rattle off the appropriate figures about your credit card debt accounts, then they probably are indeed representatives from the lenders, but that’s far from the equivalent of a debt relief agent. Indeed, while the corporate agent may couch his or her entreaties within pretended concern about your credit rating or bank account or moral fiber, the credit card companies’ interpretation of debt relief could be mistaken for motivational rhetoric (equal parts bluster, sanctimony, and reassurance) to urge the borrowers to continue their monthly minimum payments forever more.

These calls are recorded for a reason, you should keep in mind. The telephone representatives of many corporate lenders receive significant bonuses not only for wheedling a verbal commitment toward restructured payments – in which, as exchange for a handful of waived over limit fees, the borrower trades away the lawful viability of imminent debt relief alternatives designed to actually eliminate credit card debt accounts – but also for providing evidence of arguable equivocation that corporate attorneys could use in court to hinder Chapter 7 debt relief bankruptcy declarations. Even speaking about an intention to re-shape credit card debt payments – even a proud (though essentially false) avowal of the household’s budgetary strength – could easily diminish any opportunity for debt relief through settlement negotiation.

Speaking frankly about your desire for effective credit card debt relief may even engender hostile and repeated warnings of lawsuits to be soon originated by the attorneys on retainer for the banking institutions, though such claims are usually regarded by consumer finance professionals as nothing more than scare tactics. However the collection agents may bluster and froth their outrage against anyone who would dare to place their household’s security above steadily mollifying the interest accumulation through minimum payments of credit card debt accounts, the only way in which commercial lenders would ever gain legal access to the bank accounts or payroll wages of their cash starved clientele would be through civil suits hardly guaranteed success. Each time a corporation invokes the relatively monstrous cost of lawyers to gather the relatively trifling sums amassed through the ordinary consumer’s credit card debt, it’s considered a loss leader throughout the industry meant purely to frighten folks away from efficient debt relief solutions.