Here is a wide selection of questions and answers about The Credit Card Solution program. We’ve tried to be as comprehensive as possible, but as always, your representative can explain or expand on anything you’d like to know more about.

"Knowledge is Power, But Useless Unless Exercised."

Q. Is This Program Legal and Ethical?

The Ethics of Credit Card Debt Invalidation (mp3)

Q. My ex-spouse is supposed to be paying these credit card bills according to the divorce decree.  But he/she is not paying and the collectors are calling me.  Am I liable for his/her non-payment? 

 A.  You certainly might be.  If your name was on the credit card, then the debt collectors will certainly be coming after you.  The fact that your ex-spouse was supposed to pay and hasn’t is immaterial to the debt collectors.  Precisely because your ex-spouse isn’t paying is why they are harassing you.  The credit card companies and the debt collectors are not bound by the Family Court decision assigning the debt to your ex-spouse.  If your name was on the card, you are still responsible.  We can be of help to you.

 Q. I've already had a judgment entered against me.  Can you still help me?

Prevent Credit Card Debt Default Judgments (mp3)

Q. What about my credit; how will it be affected?

A. Virtually all of our clients have a credit score of 700 or higher after completing this process. Many are in the 800s.

Q. Does it matter that I am in collections?

A. No, in fact many times the process to accomplish debt relief on your debt moves quicker if you are already in collections.

Q. How are the credit card companies able to get away with charging such outrageous interest rates?  I thought there were laws that limited how much interest a person could be charged?

What Happened To Credit Card Debt Usury Laws (mp3)

Q. What happens when the Credit Card Companies/Debt Collectors start calling me?

A. When you enroll into this process, a billing dispute letter will be sent to your original creditors demanding proper validation of the debt and instructing them not to call you.  When the debt collectors call, you will be provided with a simple statment to say to them.  You will not answer questions or provide information to them.   You will need to document the call.   During this process you have rights that are protected under Federal Law and you, with the support of The Credit Card Solution and our nationwide network of attorneys, rights that are routinely violated by the debt collectors.  When we sue the debt collectors in Federal Court, they will pay handsomely for these phone calls.

Q.  This almost sounds too good to be true.  Does this process really work?

A Credit Card Debt Solution That Really Works (mp3)

Q. Can I use my credit card to pay for the The Credit Card Solution program?

A. We do not give out financial advice, but in our experience we have seen clients do this. There have been clients that have placed all of the fees to initiate the debt invalidation process on a card (or cards) and then included the card that was used in
the process itself. 

Q. Do I have to seek debt invalidation on all of my cards?

A. No, you can pick and choose the ones that you want to put into the debt invalidation process. However, you should be aware of the following: Once a card has been placed inside the service the credit card company will cancel that card and close the account. If you have multiple cards from the same company/bank and you decide to seek relief on one, they will most likely cancel the others. If you want to keep a card it is probably best to make sure it is not related to any other card you are placing in the debt invalidation service.


Q.  My debt is a few years old.  Can they still come after me?

Credit Card Debt Arbitration (mp3)

Q. Should I refinance my home to pay off the credit cards? You know just take all that credit card debt and just have one monthly payment.

A.  We encourage you to thoroughly check out all your options. As you do, read the New York Times article on our Headlines page, about how some people have lost their greatest asset, their home, just to pay off nagging credit card companies. And those slick “debt consolidation” ads on TV and the internet have refinancing your home at their core. You are just moving your debt from one place to another, borrowing from Peter to pay Paul, and putting your home at great risk by doing so.

Q. Wouldn’t debt consolidation / credit counseling / debt settlement program be a better way to go?

A. No, at least we don’t believe so. There is no reduction of your actual debt, allowing you to pay off your entire balance in short order. Plus not all card companies work with the debt consolidation companies to reduce interest rates. And, you are paying a middleman to pay your bills with your own money. They don’t work for free, no matter how they promote themselves. Plus the process ruins your credit for the entire 3-7 years it will take you to pay off your debt. Most are in effect preemptive collection agencies that are supported by the credit card companies.

Q.  The debt collector is taking me into arbitration.  What does that mean?

Statute Of Limitations On Credit Card Debts (mp3)

Q. I am already in a debt consolidation / credit counseling / debt settlement program. Can I leave that program and work with The Credit Card Solution?

A. Yes. You simply have to write a letter to the company informing them that you will no longer require their services. We suggest you send the letter certified mail return receipt requested.


Q.  I feel morally obligated to pay these debts.  Isn't that the right thing to do?

Q. Wouldn’t Bankruptcy be a better way to go?

A. Possibly, depending on your circumstances. If you have little or no income and little or no assets, bankruptcy might be for you. The new bankruptcy laws make it almost impossible to put credit card debt  into a bankruptcy filing. Bankruptcy is a huge step with implications that will last for many years, so check it out with caution. We can absolutely state it is a less expensive way to go. We will give you some information for you to consider, but we do not give legal advice and if you are considering bankruptcy (Chapter 7) you should see a bankruptcy attorney.
 

Q.  Some of my credit cards are in my business name.  Can I put them into this process?

A. Yes, while the FDCPA does not apply to business cards there is still much we can do to assist with these types of cards

Q. What types of credit cards can I place in the debt invalidation process?

A. All accounts that are unsecured including signature lines of credit and store credit cards.


Q. My credit card is held by the bank in which I have my checking account / car loan / mortgage. Is it safe to include that card in this process?

A. If there is a credit card that you want to put in this debt relief process and it is held by the same bank with which you have a mortgage or a car loan, it may be best to make sure that the credit card is not cross collateralized with any of these other loans from that banking institution. Please discuss this with your agent. Additionally, if you have a checking account (no mortgage or car loan) with the same bank that holds a credit card you wish to include in the process, it would be best closing that checking account and moving it to another bank; this is done just as a precaution.


Q.  Are you a "debt elimination" company?

Beware Of Debt Elimination Scams (mp3)

Q. Does it matter that I am in collections?

A. No, in fact many times it makes it easier to accomplish debt relief on your debt if you are in collections. This is assuming you have made no payments to the collection agency. If you have already made payments on a card or cards to a collection agency we may not be able to assist you. Please discuss the details with your agent and he/she will be able to answer that question for you.


Q.  What exactly is the Fair Debt Collection Practices Act? 

The Federal Fair Debt Collection Practices Act (mp3)

Click here to read about FDCPA Prohibited Conduct

Q. Should I keep paying the credit card companies once I have placed my cards in the debt invalidation process?

A. It has been our experience that credit card companies are unlikely to work with you toward the results you want to achieve if you continue with your payments to them. If you have already stopped paying the credit card companies before entering this process it is not a problem. We will be working together with you to achieve the best possible outcome on each credit card in process.


Q.  I've had this one credit card for over 10 years.  Why can't I just call up the credit card company, let them know I'm having a little trouble, and get them to lower my interest rate? 

The Realities of Debt Negotiation (mp3)

Q. Can I get in trouble (go to jail), not be able to get my real estate license (or some other license), receive a summons?

A. No, you can’t get in trouble. This is a civil issue, not a criminal issue, you can’t go to jail for stopping your payments to the credit card companies and seeking debt invalidation.


Q.  Is it possible for me to be sued by the debt collector and if I am sued, how does your company help me? 

Can I Be Sued For Credit Card Debts (mp3)

Q. I am going to refinance my house this month; shouldn’t I wait to do this?

A. Yes. Wait until after the refinancing is done.


Q. Is it guaranteed?

A. Yes and no.  Very little in life is truly guaranteed.  We guarantee that we will perform the work as agreed.  And, so far, we have a track record of tremendous success.  Which simply means, if we've been successful with everyone before you, the odds are pretty good that we will be successful with you.

Q. I have my own credit cards and my spouse has cards in their name, can they be included in the service for the same fee?

A. Yes. The fee structure is based on households, not individuals. So a husband and wife can include both of their cards in the process for the same fee. And in the opposite, a spouse may elect not to include his/her cards in the process.


Q. When should I stop using my credit cards?

A. Once you have signed up with The Credit Card Solution and stop making your payments to the credit card companies, it would be best to stop using your credit cards. It might be considered fraudulent to stop making payments, with the idea of seeking debt invalidation on the outstanding balances and then continue to use the cards for ongoing purchases.


Q. What happens when the Credit Card Companies start calling me?

A. Using the Fair Debt Collections Practices Act, a Federal Law, you will notify and demand that the credit card companies not contact you by phone and to only contact you in writing. Should an agent or representative of a credit card company contact you by phone, you will be provided with a simple script to read to them. Reading this script to the individual calling will stop the calls. Should they continue to call they are legally liable under this law. During this process you have rights that are protected under Federal Law and you, with the support of The Credit Card Solution and our nationwide network of attorneys, they will pay handsomely for each phone call.


Q. Does The Credit Card Solution offer a payment plan?

A. Yes, we offer a 6, 12, and 24 month payment option.