California Credit Card Debt Attorney
Credit Card Lawsuits Can Be Fought & Won!
FRANKLY, CREDIT CARD DEBT MAY BE THE BEST DEBT TO HAVE WHEN YOU ARE UNABLE TO PAY ALL YOUR BILLS
In terms of your legal obligations, Credit Card debt is the easiest of all debt to resolve. That is because these creditors have the least rights against you. In other types of debt such as taxes, student loans and secured debts like homes and autos, the creditors have more rights. For example, tax and student loan creditors generally cannot be disposed of through bankruptcy. Home and auto loan creditors can get the property back. With credit cards, other than taking you to court (which they really don’t like to do) all the credit card creditor can do is ask you to pay them.
DOES NOT MEAN THEY ARE PUSH OVERS!
Just because credit card creditors are among the least powerful creditors does not mean they are the easiest to deal with. Because they have fewer rights, they must rely more on aggressively demanding payment. As a result they are many times the ones you hear from the most. They are also the ones charging higher interest rates and pile on tons of extra fees. They are in effect the “squeaky wheel hoping to get the most grease”.
YOU MUST PRIORITIZE
In terms of priority, virtually every other type of debt should be managed first. For example if you must choose between paying taxes or credit card, pay the taxes as the government tax collector can be much more ruthless and expensive. Paying your credit card before your car payment may lead to the loss of the car. Also, individuals have more protection from abusive collection of consumer credit card debt. In terms of what credit cards to pay first, it is a good general rule to pay those with the highest interest rates first. This is not always true however. For example, if paying a higher interest rate credit card will cause you to default on a lower interest rate card which will then raise your rates, more analysis is required to determine who is best to pay first.
REMEMBER, IT’S JUST A CLAIM
Always remember that until they go to court (and win); the credit card creditor merely has a “claim”. As far as the law is concerned, it is merely their word against yours as to what is owed. Unless they go to court (and win), they cannot garnish your wages, put liens on your house or bank accounts or do anything to you. They can only call/mail you and report you to the credit bureaus. If you have a lawyer, they can’t even contact you.
DON’T BUY INTO THE FEAR
Always remember you have rights and that you have want they want: money. They know that bankruptcy will wipe out their claim. They know that collection lawsuits are not profitable for them. Do not pay any amounts to anyone who won’t or can’t prove what is owed. Nor should you pay anyone to “get them off your back”. FITZGERALD & CAMPBELL can get them off your back and help you decide who, what, when, or even IF, to pay.
Featured Case Results
- June 5, 2017: $1,526.94 Riverbend Cash account settled for $100.00 (a savings of 65%!)
- May 31, 2017: $9,840.00 JMS Associates account settled for $4,800.00
- May 30, 2017: $29,555.87 National Collegiate Student Loan Trust account settled for $15,000.00 (a savings of over 50%!)