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2. Chapter 1
Are You Fighting Against A Credit Card Judgment?
This is a system of information that is designed to educate and inform
on the method of theory guides research. It exposes the majority of the
time many credit card companies do not properly win judgments
against borrowers and can be challenged. Most credit card judgments
could likely be stopped if only borrowers would contest!
3. Okay, the credit card company also known as the BIG BANK is ready
to collect on money owed from the borrower for allegedly using a credit
card. Notice the word allegedly and please take note of it.
For the bank this is now considered a bad loan when the borrower no
longer continues to make at least the monthly minimum payments on
the debt. Forensic means what occurred before a crime took place.
Chapter 2:
The Credit Crime Forensic
4. Upon receiving notice from a bill collector also
known as collection agency borrowers should
immediately demand a validation of the debt.
Chapter 3: Action Plan
5. Every state has a statue of limitation for collecting on debt.
What this means is that the credit card company has a
certain time frame to take legal action to recover a bad debt.
While morally the borrower is still responsible for the debt.
But if the creditor fails to bring a lawsuit against the
borrower within the statute of limitation legally the creditor
cannot win a judgment or garnish wages.
Chapter 4: Statute Of Limitations
6. Georgia Court of Appeals ruled on January 24, 2008 in
Hill v. American Express that Georgia the statute of
limitations on a credit card is six years after the amount
becomes due and payable.
Chapter 5: Important Rulings Updates
7. Types of wages can be garnished:
wages
salaries
commissions
bonuses
or other income
Take notice:
Pension and retirement income can also be garnished.
Chapter 6: Challenging Creditor Garnishments
8. The Consumer Credit Protection Act, provides that an
employer cannot fire an employee for having a single debt
garnished from their wages. However, the Act does not
prevent the employer from firing the employee after two or
more debts are garnished separately.
Chapter 7: Creditor Garnishment Harm