Your credit card debt is the precise reason the Good Debt Variety Practices Act was published in 1966. Several persons nowadays understand it is a nuclear bomb approved to them by now primarily dead congressional members dead collection on outlawing credit cards. It's even more powerful now than when it had been signed in to law.
There is no reason to actually spend a dime to a card company because congressional people of times found it for the fraudulent deception it was. They put down the regulations for individuals to use against these callous income mercenaries that tried to enslave the citizens and the entire government.
Why did Congress get therefore upset about the best fraud these organizations were unleashing on people? It was prior to Xmas when some card organizations chose to dump 5 million credit cards in Chicago to anybody having an address including children and pets! You can read the story using the search term "Frontline - the Detroit debacle" and while you're there you'll see another history called "only a little gift from your own pleasant banker" which shows about countless different cards dumped in other cities.
The banks didn't really value income for cards since it had been created from thin air and never was there a cent taken from any banks vault to fund a card account! To understand how this operates utilize the key word "the job is up - money, the Federal Hold and you" to see this unique video presented at the University Of Colorado School Of Law. It can be an unforgettable history training that will change your daily life permanently!
Legislation manufacturers of the time saw that which was planning on with this fraudulent money getting scheme and regarded entirely outlawing cards but decided as an alternative to produce a law where persons could take the maximum amount of money from the bank while they needed and never repay a penny! They reasoned if banks are that foolish then let's provide them with what they want! And so, The Good Debt Selection Techniques Act was created and remains in tact to this very day.
As you know from seeing the gig, the banks and Wall Block insiders are fully in charge of our Nations financial downfall. Lobbyists with sacks full of money persuaded present day politicians to start the bailout which ended up being the greatest move of wealth in the annals of the planet and years of new people will be picking up the case for several years ahead! It appears the fraudulent banking systems may carry on!