Credit Card Debt Information : What Happens If You Don't Pay Credit Cards?

[woolie1965]

turn up the heat all you want,,,,,,,,,,, dude, ohhh annoyed big deal, you go by the book too much,, white peter pan dude



[woolie1965]

every body sing his song looooooooooool so what they call hahaha if you see a number you don't want to answer so don't harass all you want

[ufigureitoutdummy]

this guys a smuck

[mikeys12]

they can pursue all they want nothing happens!!

They make some phone calls threaten court and it never goes there hahaha

[rayme4raw]

You don't need a lawyer if you default on your credit cards. You need to read the Fair Debt Collection Practices Act. The truth is that the primary lender is not going to do anything but call you, they will sell evidence of debt to a third party collection agency after 180 days. Read about Validation of debts, once a third party collection agcy contacts you & sends you a letter, you have 30 days to send them a letter asking them to validate the debt, if they cannot, they cannot collect.

[Rebelscreamer]

This is a stupid advertisement for his company. At least watch some of the more responsible videos that warn you not to go with people like this.

[genekalil]

OOOOOOHHHH!!!! You're in trouble! What a fag.

[valetudo1974]

this is a an example of company for profit propaganda..a scare tactic to induce consumers in paying their debt..

[Nauticalman]

HAHAHA! The scare tactic always makes me laugh.

My solution: KNOW YOUR LEGAL RIGHTS. I stuck two creditors where it counts by following the legal course of disputing a debt, documented all correspondance and recorded phone calls, and now I don't owe $17,000.

All the scare tactics in the world mean nothing when you know that the power of the Law is on YOUR side.

[KewazingaBabinga]

this guys ia scumball

[poondoc1]

cbr...i would really like to hang out with you..!!!

[cbr6864]

you can even get all neg remarks removed as they are required to prove all information to be true and correct. records get lost after a while odds are the original contract is long gone or has some error on it.

not that a credit rating matters any more seeing as no one will be lending any time soon. so rack up your CCs get as many as you can this whole economy is going down enjoy the ride!

[cbr6864]

here is what you do answer phone and say

"send me a bill not a statement which is addressed to my true name not all caps. it is to include a copy of the orginal contract between your company and myself again true spelling of name; as well as evidence of consideration signed under full commercial liability by one who can bind your company to contract."

as the can not do this they are out of luck. then you offer to settle for pennies on teh dollar.

[definemaybe]

your the owner of nothing fool.lol unless you live in Japan

[TazRulesNY]

What this guy doesn't tell you is you can still be sued at anytime by the creditor and if the creditor charges off in 180 days your debt then gets sold to a third party collection agency.

[cbr6864]

all you do is dont pay for 6 months and i mean nothing at all that is the key. after that pay 10-20 cents on the dollar. then make sure they remove all bad marks before you cut them a check.

[badpanda84]

@cbr6864 hmm 6 month you might be able to get away with 70 cent on the dollar but not 10-20 cents on the dollar. And that is only if you payt in full

[cbr6864]

@badpanda84

i really hope you didnt settle for 70 cents on teh dollar. the key is not to pay at all, your debt will go through maybe 2 or 3 collection companies. you have to know how to talk to them, as you didnt sign a contract with the collection companies they are hard pressed to show you owe them. i have settled several debts from any where between 50-10 cnets on teh dollar.

[badpanda84]

@cbr6864 Oh sorry to clarrify I meant that after 6 months typically dont settle for less that 50 cent to the dollar

Maybe you have to wait maybe 2 or 3 years that might be diffrent. Of course that is assuming you dont mind the phone calls in the mean time

[cbr6864]

@badpanda84

personally i love messing with these guys as the banks have received billions of our tax dollars i in no way feel guilty about not paying. it is difficult to talk to anyone on the phone who has any degree of intelligence as most are just getting paid min wage. but when you do have some fun with them! as soon as they realize that you know that you are not bound to pay them back (as you had no contract with them) their attitude changes quickly.

[Tm30w06]

I'm not in debt but was surfing youtube and saw this guy...What a maroooon! If his purpose was to pass on helpful infor to all consumers strugglnig with debt he'd say if you having problems contact a reputable company to help you out.....not you need to call my company. He's using youtube to promote his own business and god only knows who this guy is. Also some good english pronunciation might help there guy. Not to mention the scare tactics your throwing out to people! Dont trust this guy!

[j0hnsc4r]

misinformation you dont need this guy

[romkag]

well... thats all that they can do its to call you, and different people call you .if they made you to arrange the payment they benefit from it. and you are one of them. it dosent matter