By Phillip Emerson
Anyone can legally destroy their credit card debt and raise their credit score at the same time using the laws of the United States. While card companies and reporting agencies operate in very dark areas of our legal system you can turn on the floodlights and catch them with their pants down. Both will gladly cooperate with you to zero out your card account and remove any negative from your credit report if you'll just keep your mouth shut!
It's the old deer in the headlight routine where you are the deer. After the card company smashes you, you are then run over repeatedly by the 18 wheeler reporting agencies until your financial life is nothing more than a greasy spot on the road leading to the American dream. The good news is the debt that hit you didn't exist and the 18 wheeler agencies are lighter than air!
To them you are nothing more than an ignorant slave in their money kingdom where your hard work pays for their lavish lifestyles. Their perverted arrogance is sickening but they are so well camouflaged few people ever notice their presence. It's much like the movie Alien where you sense something is there when you catch a glimpse of some movement that just doesn't seem right.
Do you remember the bailout? There was a big invisible monster that was going to eat us alive and the only way to stop it was to give it money to satisfy its voracious appetite. The monster was so well camouflaged you hardly noticed until you saw that little movement that just didn't quite seem right. The multimillion dollar bonuses handed out to the monsters operators caught your attention.
You didn't think too much about the little flicker of movement back then but now you find yourself as a greasy spot in the road to economic downfall. Now you know the monster exists and like Schwarzenegger you're looking for a way to beat him before he eats you alive! Unfortunately this isn't a make-believe movie so you will need to find out what is real, what isn't and what you can do about it.
Making the jump into reality requires you to educate yourself about what is real and what is not. The University Of Colorado School Of Law presented such a video back in 2008. It incorporates historical facts you already know and gives you a clear picture of exactly where you are in the debt cycle. Be forewarned, it will change your life forever!
Quite interesting, wasn't it? You are no longer blind and believe it or not, your new knowledge makes you totally unique in the world of those that do not possess this knowledge. With that in mind, let's move on to the next discovery of debt crushing techniques.
Nearly everyone has heard of the Fair Debt Collection Practices Act. People read it but can't figure out how it will help them because they still have the false belief their debt is real but as a "gig grad" you know it's not real and doesn't exist. You can quickly review the law using the search term "FTC debt video" which is a government cartoon show revealing the most overlooked facts.
Record every phone call from a collector and never give them anything other than your name! Collectors will be infuriated by your refusal to send them money and will violate your rights repeatedly to the tune of $1000 per violation. In exchange for "keeping your mouth shut" and not filing a lawsuit against them, they will gladly mark your account paid as agreed.
If you choose to file a lawsuit then use the search term "man wins $1.5 million from collector" or "woman sues collector wins $8.1 million" to see how lucrative this method of destroying your card can be. Although not nearly as rewarding, answering written collection notices is a must! You must send a "demand proof of debt" by registered mail with return receipt to the collection agency and they will literally evaporate!
Now for that last little thing you were worrying about, your almighty FICO score, commonly referred to as your credit report. The Fair Credit Reporting Act says any reporting agency must have "verification" that what they are reporting is true under section 609 of the FCRA. Guess what Schwarzenegger, there is not one single shred of proof to be found at any agency! Demand verification of the item that does not exist, then demand it be removed or pay the government imposed fine!
It makes you wonder why everybody doesn't legally destroy their credit card debt and then use those same laws to remove derogatory remarks in their credit score at the same time. It's a good thing you're not a deceptive person like banks and reporting agencies otherwise you might use their very own system to take all their money! Do the humane thing; scrape one of your "greasy spot" friends of the road and tell them truth about card debt and reporting agencies.
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