Average credit card debt: $5,221. Credit card debt is the most common consumer debt in America. Under the FCBA, you have 60 days to dispute billing errors. Many collection accounts lack proper documentation.
Dispute Strategies
1
Request debt validation under FDCPA § 1692g
2
Dispute billing errors under FCBA within 60 days
3
Check if debt exceeds statute of limitations
4
Negotiate settlement at 40-60% of balance
5
File CFPB complaint if collector violates FDCPA
Relevant Laws
FCBA (15 USC § 1666)
FDCPA (15 USC § 1692)
FCRA for credit reporting
State UDAP
Expert Tips
Never acknowledge debt verbally — it can restart the SOL