Credit Law Repair, folks, is your secret weapon for exploding your credit scores and handcuffing growling debt collectors.
The other day, one of my subscribers asked, “If you had to choose the single most important aspect of credit repair to concentrate on, what would it be – The FCRA (Fair Credit Reporting Act) or FDCPA (Fair Debt Collection Practices Act)?
Needless to say, Ralph and other members were surprised by my response….
I don’t know why, since I’ve been very consistent throughout my videos & book, “The Busy Person’s Credit Makeover.”
Since Ralph asked me to choose just one aspect, I easily recommend you discover your particular state’s statutes. Clearly, credit law repair is more about your state’s laws, not federal laws, i.e. FCRA & FDCPA.
You see, the state in which you accepted credit–not to be confused with the state in which you now live if you’ve moved since taking credit–provides laws protecting you from rabid debt collectors.
Your debts, the amount of interest collectors can charge & the legal time limits debt collectors legally can pursue you are governed by each state. For effective, legal credit repair, we emphasize STATE laws over FCRA.
Got it? It’s STATE laws, not just federal laws! Now, Ralph (and everyone else), here’s exactly what I mean….
YOUR SECRET WEAPON
Secret Weapon #1
Your state’s laws want to protect you from debt collectors, controlling how long debt collectors attempt to collect.
This is called the Statute of Limitations (SOL) on COLLECTING, not to be confused with SOL on REPORTING.
In Florida, credit card debt is an OPEN account with a 4-year collection period. Once the four years expires, NO debt collector legally can collect…GAME OVER.
Debt collection is “Time Barred”….bye, bye, Mr. Debt Collector!
Your state’s laws also protect you from debt collectors who threaten you with garnishment, bad check fees, maximum allowable interest rates they can charge & even how debt collectors are regulated. For instance, Alabama caps interest on a judgment at 12%–a debt collector cannot run the percent up!
Credit Law Repair is not difficult, is it? Do not let debt collectors try to intimidate or ‘re-age’ your bad credit accounts. Stand up for your rights, Ralph, and everybody else. Discover your state’s laws from inside our members area or from your state’s website.
Republished by Blog Post Promoter
Related Posts -
Bad Credit Repair Requires Felicia Avoid This Potentially Costly Mistake! Bad credit repair requires STRATEGY before you throw even one penny at some debt collector...or else! Felicia wants to make right by her debts! But she doesn't know where to start. Before you ever consider throwing a penny at a debt collector, check out this powerful 3-minute video: httpvh://www.youtube.com/watch?v=wINFe8dD1Zg Felicia's...... -
Credit Repair Blunders Destroy Credit Scores...And Hope! Bad credit repair demands a game plan! Beware blindly firing off "magic" dispute or debt validation letters guaranteed to score deletions. I repeat, "THERE IS NO MAGIC DISPUTE OR DEBT VALIDATION LETTER!" Without a game plan, credit repair efforts often fail. When I say "fail," I mean some people (or...... - Credit Repair Scams Land 7 Credit Disrepair Companies In Trouble With Feds! FEDS "bust" seven Credit Repair companies throughout U.S., charging them with deceiving consumers! Warning: No credit repair company should promise you A+ credit! Warning: No credit repair company should suggest they can score deletions on accurately reported bad credit accounts. Reality: Credit repair companies try to fool people (not you......
-
Credit Law Repair Demands You "Cherry-Pick" Your Credit Reports To Find A Quick 125 Points! Credit Law Repair doesn't need to get all "legal-speak" on you. This is not rocket science. It isn't complicated! So don't worry. What you'll discover is that many "items" on your reports are easier to dispute and have removed (if that's what is best) than others (see list below). Earning...... -
Bankruptcy Attorney Shares Secret For Removing Bankruptcy! It's impossible to remove a bankruptcy from your credit reports...or so I had thought. Turns out, I was mistaken as I recently discovered. "So how do you do it?" I said to the bankruptcy attorney. A few weeks ago, I talked with a BK attorney out of New York. Turns......
- Who Is Responsible For Paying The Debts Of A Deceased Relative. After a relative dies, the last thing grieving family members may expect are calls from debt collectors asking them to...
- The Truth about Credit Cards and Debt pt 1 This is part one in a two part series about credit card debt and where we actually stand as a...
- 10 Excuses That Keep You in Credit Card Debt My wife and I have several credit cards, however, we never keep a balance and avoid any and all finance...
- Credit Card Debt Relief Options That Work If you would like to manage or resolve your credit card debt, there are many options available that you can...
- Smart ways to reduce credit card debt (This guest post is presented courtesy of Debt Consolidation Care.) Often, you take many credit cards in order to maintain...
Loading ...
