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In next few minutes I'm going to show you why non-payment of credit card debt you
cannot afford to pay
is not as bad as it sounds.
Hi, my name is Mel Thompson.
A few years ago I owed $63,000 in credit card
debt I could
not afford to pay. I was
forced to find non-payment alternatives to bankruptcy.
And fortunately, I did find the solution and with it
I was able to avoid that debt.
Today, it is my goal to share what I learned with other people who cannot
afford to pay their credit card debt.
I have written the Credit Card Debt Survival Guide
and I have counseled several individuals on what to do with their particular
credit card debt
situation.
What I learned by writing to and communicating with debt collectors and
collection attorneys
is that they cannot make any money from people who owe
but who also know exactly how to legally
resist
their collection efforts.
Even court action.
Debt collectors are paid on a percentage of what they collect.
They are simply not going to waste their time attempting to collect from someone
who knows how to legally resist them.
The really neat thing I learned
was how little resistance it takes to frustrate debt collectors
and the collection attorneys.
One or at most a few
properly worded CMRR letters
will make
debt collectors decide they do not want to spend anymore time with us.
But what happens
when we frustrate one debt collector or collection law firm attempting to
collect a
credit card debt from us
is that that
debt gets passed
onto another debt collector
who starts a fresh with us.
Believe it or not,
this is a sign we're winning the battle.
Each time we hear from a new debt collector we just send them the same old
CMRR letter.
With my six credit card debts, this process happened about every three to
six months for the first two years.
Then for the next two years it happened once or twice a year until finally
no more debt collection attempts
from anyone.
The conventional means of credit card debt relief
are all full
or partial payment solutions.
Debt settlement, debt consolidation or debt management plans
just do not work if you cannot afford to pay.
A recent study reported only twenty percent of debt management plans
are ever
actually completed.
And paying credit card debt
with other credit cards or worse
a home equity loan is simply thoughtless.
If you cannot afford to pay without sacrificing monthly essentials,
do not pa because you think you have no choice.
You do have a choice.
There is one conventional means of non-payment
and that is bankruptcy.
What is the worst that can happen to you? The answer is bankruptcy.
But bankruptcy will stop a court judgment
if things should ever get that far.
Here is why non-payment without filing bankruptcy is a such good path to
credit card debt relief.
Debt collectors and collection attorneys could be dealt with as I have begun to
show you.
Without bankruptcy your assets remain safe. Nothing short of a court judgement
can take your assets away from you and your credit is damaged much less.
The ten year stain of bankruptcy on your credit report
becomes two to four years of bad credit depending on your overall credit situation.
It is time for you to make credit card debt relief by non-payment,
a strategic decision.
if you could do this rationally.
Leaving your emotions, fear, guilt, feelings of helplessness
out of it
then you could greatly reduce your suffering and worry.
Sometimes large businesses are forced to not pay less important creditors.
Just make this a rational, business decision.
Clearly this insider knowledge about the weaknesses of debt collectors is the key
you making this decision.
You cand read my blog posts and pages on my website
and learn more about the credit card debt collection process
and the naked opportunistic defeatable nature of debt collectors.
Go to my website and get my free 7 Dangers of Not Knowing How to Deal with
A Debt Collector
Go to www.credit-card-debt-relief-4u.com.
Get started today
and good luck!