Credit Card Debt Settlement Process

Note: Template is for JP Morgan Chase. Replace this with your credit card

company. INSTRUCTIONS

1. KEEP A COPY OF ALL LETTERS! FOR INSTRUCTIONS You will be sending a series of
(4) letters to the credit card company, 30 days apart.

2. You MUST "Object and Dispute" every monthly statement you receive regarding your
accounts. Make a copy of the monthly statement for your records. Send the original
statement back to the credit card company, with the NOTICE OF DISPUTE AND
OBJECTION TO MONTHLY STATEMENT. You will find this NOTICE at the end of
each monthly letter.

3. Read all the letters you send. Your need to understand the debt dispute process, and you
must be familiar with the letters you send to the credit card companies.

4. Then "proof-read" the letters. Be sure the account information and your name and address
are correct.

5. Print out the letters for each individual account. You will send all (4) dispute letters to the
banks at 30 day intervals, regardless of whether the bank continues to send you monthly
statements. If you do not get a monthly statement, please send the dispute letter, but there is no
need to send the "Objection to Monthly Statement" letter, if no statement was sent for that
month.

6. Sign each letter where required.

7. Mail all letters using Certified Mail, Return Receipt, Signature Required. A certificate
of mailing (the green post card you get back from the Post Office) is proof of mailing.
Keep the certificate for your records with the copy.

8. KEEP COPIES OF EVERYTHING YOU SEND TO AND RECEIVE FROM THE

CREDIT CARD COMPANY FOR YOUR RECORDS! Collection Agencies too! You may
need proof of sending these letters at a later date.

IMPORTANT NOTICE

Our research shows that typically each credit card account in the Debt Relief Course
has approximately a 3 1/2 to 5% chance of a lawsuit being filed against you.

Another option if you would like to minimize the chance of a lawsuit being filed against you
is you can always settle with the debt collector. Many find that using this Settlement process
in month 5 or even starting in month 8 can get good settlement results. This may be a better
option, if you should get nervous about any of your accounts. Many people have found that
negotiating with the credit card companies after sending all four (4) dispute letters is more
likely to result in a greater reduction of the balance of the account.
Collection Letter Instructions

Recently received a Collection Letter from a Debt Collection Company or an Attorney's

office? If so, this is the place for you! The following is a brief description of the Collection
Letter process and how the letters correspond to the collection letter that you recently
received.

Once you have received the collection letter, be sure and print out Letter #1, which is the:
"Notice to Debt Collector of Dispute of Alleged Debt and Demand for Verification". This
letter is in response to the first collection letter that was initially received. Equip yourself
with knowledge and an understanding of this process by completely reviewing Letter #1 and
follow these 10 steps to educate yourself on the Collection Letter process.

Once the first letter has been sent out, wait 30 days and then submit Letter #2, which is the:
"Notice of Dispute of Alleged Debt", address and mail certified return receipt to the Debt
Collection Company or the Attorney's office. At this point, the debt collector has not
provided the verification that you requested. If they provided anything at all, it is usually a
form letter that verifies nothing, or maybe sent you copies of the monthly statements of the
account. This is not proper verification and the second letter notes that.

If for some reason the Debt Collection Company or Attorney's office responds to Letter #2,
which is the: "Notice of Dispute of Alleged Debt", you can either resend them Letter #2
along with a copy of the Certified Retum Receipt that was signed for both Letters #1 & #2,
or a copy ofthe first page of Letter #1 can be submitted along with a copy of Letter #2.

COLLECTION LETTER
GUIDE

1. Select Collection Letter #1 and make sure that this account corresponds to the letter of
the
Debt Collection Agency or the Attorney's
Office.

2. Once you have edited or made any corrections, then print and
sign.

3. Be sure and mail the letter by USPS Certified Return

Receipt.

4. Wait 30 days after mailing collection letter number #1 and then proceed to print the
2nd collection letter.

5. KEEP THE COPY FOR YOUR

RECORDS!

That's It! Read the letter so you understand what it says. The better you understand the
process, the easier it is to talk to the debt collectors, if they call.

REMEMBER: If the debt collectors call you by phone, you MUST tell them to stop calling
you at home AND at your place of employment. This means you must talk to them once.
THEN you must send them the "cease communications" letter.
01 /05/ 11
To:
Name of Attorney's Certified Mail#--------------------
C ompany Return Receipt Requested
Attorneys at Law
151 Bernal Road, Ste. 8
San Jose, CA 95119-
1306
From:
YOUR NAME
YOUR
ADDRESS
YOUR CITY, STATE ZIP

RE: DEMAND FOR VALIDATION OF CAPCITY TO COLLECT ON BEHALF OF

NAMED CREDITOR/JP MORGAN CHASE

Account Number: YOUR ACCUNT NUMBER

HERE Alleged Balance: ALLEGED AMOUNT
HERE

Gentlemen,

I am writing to let you know that I am in receipt of your 1 I /24/20 I 0 collection notice and
upon further review have found your claims of jurisdiction in this matter to be erroneous. I
do not recognize, nor do I have record of the purported debt, or record of entering into a
contract or agreement with JP MORGAN CHASE or Name of Attorney's Company).Neither
can I ascertain any liability to you based on the limited information your firm has submitted
thus far.

Please be aware, this is not an attempt to evade a debt. This is an attempt to get you to
identify who you are and what right you have to pursue the debts in question. The alleged
debt is in dispute with the original creditor. It is my understanding that such debts cannot be
sold to third parties until after the dispute has been resolved.

By your own admission, you are a debt collector, but at the same time you are alluding to
represent JP MORGAN CHASE in a legal capacity. If you have purchased the alleged
debt from the original creditor or any subsequent creditors, I demand that you provide a Bill
of Particulars which would substantiate your claim of ownership and reveal what would be
the true liability of the account after purchase.

Based on the above referenced information, I have found your claims of jurisdiction in this
matter to be erroneous. Notice is hereby given that your claims are insufficient and are
hereby refused for cause without dishonor, due to the fact that you have presented NO
EVIDENCE OF YOUR CAPACITY as either 1) A bona fide party to any contract in which I
am also a party; or 2) An agent of a bona fide party to any contract in which I am also a
party; or 3) A holder in due course of any debt to which I am obligated. Absent any
evidence of capacity, I have no obligation to either confirm or deny any contractual
relationship with the alleged creditor mentioned in your 11/24/20 10 correspondence.
Accordingly, you are hereby given notice that you are in a condition of estoppel with regard
to your
claims. Upon receipt of reasonable evidence of sufficient capacity, I will give this
matter timely attention.

I will deem the following to be sufficient evidence:

1. A copy of any and all contracts, which affect the relationship between Name of
Attorney's Company an and the alleged creditor JP MORGAN CHASE as they
apply to your claims. Said contracts must be certified, true, and correct and
complete by affidavit signed under penalty of perjury under the laws of California in
the State of California, by a principle officer of JP MORGAN CHASE in a position
to know all the details of your firm's relationship with the principle in his or her
personal capacity. The affidavit must also either completely describe any additional
verbal constructive or implied contracts you have with the alleged principal affecting
this matter, or else certify that no additional contracts exist.

2. A copy of any and all contracts, which affect the relationship between myself, YOUR
NAME and the alleged creditor JP MORGAN CHASE as they apply to your claim.
Said contracts must be certified, true, and correct and complete by affidavit signed
under penalty of perjury under the laws of California in the State of California, by a
principle officer of the original creditor in a position to know all the details of my
relationship with the principle in his or her personal capacity. The affidavit must also
either completely describe any additional verbal constructive or implied contracts I
have with the alleged principal affecting this matter, or else certify that no additional
contracts exist.

I cannot ascertain any liability to you based on the limited information your firm has

submitted thus far. If your firm pursues litigation without first submitting competent

admissible evidence of your capacity,

consider this official notice that I will subpoena your firm for the above referenced evidence
and I will
file a Motion to Appear for the Plaintiff, as I do not believe that Name of Attorney 's
Company represents JP MORGAN CHASE in this matter. In doing so, if you are
unable to support your allegations I will pursue charges for malicious prosecution and
motion the court for sanctions.

If you believe that any part of this response is unreasonable, present me with your reasonable
objections
in writing within 30 days of your receipt of this notice and demand. If I do not receive a
written response from you within 30 days, I will consider the matter closed.

Please be advised that I am keeping a written record of all correspondence in this matter,
and therefore will not consent to discuss this matter over the phone.

Govern yourselves

accordingly, YOUR NAME