One option you have is debt validation. If you have already fallen behind and are dealing with third party debt collectors, make them validate the debt and prove that you really owe them money. There are laws that apply to debt validation and it is an excellent weapon against third party debt collectors. Make sure that the third party collection agency has the right to collect money from you first before you pay them.
Most of the time, banks and credit companies only want to make as much money from you as possible. It will be a big mistake to just get along with them and to continue to pay on their terms without compelling them to validate your account. Know your rights and be primed with credit card lawsuit defenses and dispute letters. You can save hundreds and even thousands of dollars throughout the collection process if you are knowledgeable on these issues.
Companies are literally inviting trouble when they conduct their online business without accurate and reliable BIN database software. Surely, you do not want to authorize an online purchase if there is an indication of possible fraud in the said transaction.
There are some rewards cards that offer similar types of benefits but the reality is that there are so many kind of reward cards out on the market today. Because they are popular among customers, all card companies are continuously looking for ways to cater to each customer’s individual needs.
Credit card and debit card purchases and transactions through the Internet offer a cost-effective and fast way to generate income for the company. However, those who fail to acknowledge the attendant risks of online transactions are facing serious financial backlash.
Credit cards have a lot of advantages and that’s why people prefer them over money. First of all, you only have it and you can do all your shopping or pays with it. You don’t have to worry about cash, change or anything else. These cards are more secure than cash. If you lose the money you have a small chance of getting it back but, if you lose a card the possibility of losing all you money is smaller because, it has a pin code and many more security details on it like picture, signature.
Traditional debt relief programs might not work for every situation. If you are drowning in debt, it is vital that you seek information on debt validation that you can do on your own. There are also professional debt relief help programs that use debt validation or debt forgiveness strategies if you do not want to do it on your own. These are law based programs that can legally get rid of the debt, or even cancel them.
Assuming that you decide to validate the debt you must do so in writing. Keep your request as simple and clear as possible. As with all credit repair communications, do not go into a story or explanation. Just ask for validation of the debt. I strongly recommend that you specifically list the documents and information you want them to send you.