The rate of occurrence of frauds within the use of credit cards  have exceeded a lot and are out of control nowadays. Bill payments of credit cards is an important figure which should be considered at first. There can many mistakes or frauds intentionally or un-intentionally made for this purpose. It  is necessary to properly and regularly check the billing statements of credit cards every month in order to avoid these types of fraudulent and mistakes. Some instructions to avoid fraud in credit card matters and to avoid billing mistakes, can be followed for  fair billing of credits.

Instructions to be followed: Inform to the creditor

If there is any error or mistake found in the bill, then inform to the creditor with the 60 days of the receiving of bill. It should be necessary to include the all the personal information in it regarding to the account as mentioned in the agreement properly.

Postal Confirmation

Keep a copy of the letter and send the original one to the creditor using registered post. Get the return receipt of the courier which will be confirmed that the creditor received your letter or not. Read the full story

Since a number of us are suffering miserably and sadly by the problems of debt and no matter how many theories, articles or advice we give out. People around the world cannot stop their hands and hearts from swiping that card to just make one more purchase of that gorgeous Hawaiian odor of the new fragrance of Calvin Klein, or since the child is nagging so much for the new Play station 3 round the block for his Christmas present. Or there is no harm in getting that new Sony cybershot model that just entered in the market.

We have no shame and endurance from the temptation of the many manufacturing companies and the products they make to delight our senses. So as we stay busy buried under our piles of debt, poke your head out just to listen to another theory which has been introduced by the much famed financial expert and radio talk show host, Dave Ramsey. He has come up with yet another method of paying off and getting rid of your debt once and for all. He has introduced the debt snowball calculator. Yes bring in the drum roll, since this unique and one of a kind method is suddenly attracting the rush of the financial world and the borrowing public as well.

This calculator can be applied to any kind of debt and especially to those which are revolving debts such as credit cards. Following are some steps which can be conducted while using the calculator:

Collections agencies use fear in order to get debtors to pay their bills. One of the ways they intimidate people is by through the use of harassment.

Real World Example:

“Debt Collector: “Whatever way you want to handle this thing, you handle it, but as of today, I’m going to handle it my way.”
Consumer: “I’m going to make sure my rights are not violated.”
Debt Collector: “No, no, you going to get violated, sir.”
Debt collector: “What I’m going to do? I know where you’re at. I’m going to have my investigators come to your place of employment and drag you out, OK? Good day, big guy.”

Actual Legal Position:

Collections agencies are prohibited from harassing debtors. It is unlawful for bill collectors to bully their clients, or to use threatening or disparaging language in order collect an unsettled debt.

Almost all of us have to deal with collections agency at some point in life. unfortunately for so many fellow Americans, it is now. It is the worst of all times. You have huge debt and no savings to pay, still some one is keeping you on the toe to collect an over due credit card or mortgage payment. Believe me, Collection agents are the last people you want to deal with in these difficult times.

Hard fact is that you have to and you can. I am hoping that with the information contained in this article, you will be able to get through the stressful process and experience that leaves many feeling like they have been taken advantage of.

Over the period of next several posts I will show you some examples of extreme collection techniques and tactics employed by some agents. I also want to educate you that these methods are both unethical and unlawful and you are to keep you head up in all of this and you should not let anyone violate your rights.

My advice is to read these scenarios as they are real life examples of what happens to other people every day. These are the methods collection agencies use to aggressively pursue debtors. You owe money, not your life and peace of mind to bank. Resist is the word!

First article of this series will be published tomorrow. Please subscribe to our RSS Feed so that you can get these articles delivered to  your email inbox.