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by Arthur V. Prosper (Author), Didosphere (Author)
***SECOND EDITION***This book reveals various Consumer Protection Laws such as the Title and Section below that you can use to defend against junk debt collectors and creditors' claims for alleged credit card debts:15 U.S. Code 1643(b) - Liability of holder of credit card(b) Burden of proof In any action by a card issuer to enforce liability for the use of a credit card, the burden of proof is upon the card issuer to show that the use was authorized or, if the use was unauthorized, then the burden of proof is upon the card issuer to show that the conditions of liability for the unauthorized use of a credit card, as set forth in subsection (a), have been met.******************We learned in Volume 1 that you can obtain credit card debt forgiveness if you write your creditors a simple, properly worded negotiation letter. This book, Volume 2 is about various measures you can take if your creditors refuse to cooperate and decide to sue instead. The methods and strategies in this book may be put to use in dealing with credit card debt as well as other unsecured consumer debts. It contains sample forms such as, Validation of Debt Letter, Cease and Desist, Answer and Affirmative Defenses to Complaint, Request for Production of Documents, Refusal of Arbitration, Opposition to Plaintiff's Motion for Summary Judgment, sample letter to IRS disputing creditor's Form 1099-C (CODI-Cancellation of Debt Income). Volume 1 provided the reader the guidance for negotiating credit card debt down to 5% and gave the reader a better understanding of the collection process. This book provides the necessary tools in dealing with the negotiation-resistant creditor and how to use the system legally to obtain debt forgiveness. Although there are no guarantees, the methods and strategies discussed in this book worked for me. When I sent my creditors the Validation of Debt letter, my creditors were not able to validate my alleged debts. My creditors could not produce the documents requested in my Request for Production of Documents. The Court denied the Plaintiff's Motion for Summary Judgment when I filed my Opposition. When I disputed the creditors' Forms 1099-C and requested the IRS to obtain verification of debt pursuant to US Code-Title 26 Section 6201(d), I never heard from the IRS again.******************If you convince the creditors that they still will not collect more than your FINAL OFFER even if they file a lawsuit; that they will only spend a lot of money in legal fees, they will realize that collecting 10% from you is probably the best they can hope to recover. That is the aim of the negotiation letter shown in Volume 1, to show your creditors that your FINAL OFFER is the most they can collect from you. But if your creditors are negotiation-resistant, this book Volume 2 is your magic bullet against them. If you decide NOT to purchase this book, you won't know what to do without an attorney if you get sued. You will be at the mercy of your creditors. ******************After my debts were forgiven, I was able to start my life anew, free from credit card debt. I was able to focus on taking care of my family. I kept 2 credit cards and continued to use them. They carried small credit lines, one for $7,000 and the other for $5,000. I pay the balances of the accounts as soon as I receive the monthly statements. My FICO scores initially took a dive to the high 500s but after only 7 years, I am back to the high 700s and even got to 800 a few months last year. I feel really blessed that I did not have to file for bankruptcy and that the path I took enabled me to write this book which I hope would help a lot of people who are in the same predicament as I was, to accomplish the same thing I've accomplished---a credit card debt free life.
