Most people assume they own their credit card account. But what if I told you… you don’t?

In this episode, I break down the truth about credit card ownership, and why understanding who really owns the account could make or break your ability to fight a charge, stop a debt collector, or even win in court. This is one of those hidden-in-plain-sight truths that completely reframes how we think about credit cards—and why the fine print matters more than you think.

Here’s what we cover:

- Who actually owns your credit card account

- Why your credit card issuer can shut you down at any time- What the cardholder agreement really says (spoiler: it’s not in your favor)

- How this affects your rights in credit card disputes and collections

- The relationship between debt ownership and credit card companies

- What to know before trying to pay off or settle credit card debt

This episode isn’t a word-for-word reading—it’s an AI-narrated presentation based on a post by Steve Rhode, The Get Out of Debt Guy, who’s helped people with tough debt problems since 1994. You’ll get an entertaining, no-fluff breakdown of the real story behind credit card contracts, ownership, and control.

👉 Need help with a specific debt issue? Talk to Damon over at DamonDay.com. I’ve mentored Damon for years—he’s one of the smartest, most honest debt coaches out there.

📝 Read the original article here: https://getoutofdebt.org/174883

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