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Originally Posted by SaveUncleSam
So writing "accepted for value" in red across the coupon I posted would not be a good idea huh?
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I doubt it. The objective is to tender the coupon back to the "creditor" with your authorization to redeem it.
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Originally Posted by gratisman
David,
Please be patient with me, but I have some questions. I would like to attempt to use this process with my mortgage. I am currently in default and facing foreclosure, and about to move anyway.
- I presume this is to be mailed by express mail?
Registered Mail with attached (rounddated .95 stamps) Certificate of Mailing is much higher elevation of authority.
- Am I to include return postage for RM?
No.
- What if I've not been signing my true name dba?
My experience tells me we have nearly all known our true names since our parents told us. Even if they conditioned us to thing legal and full names were truly our names after that.
- How do you endorse the coupon? On the back like a check or what?
I may have to get that from the suitor. Like I said this is somebody else's intellectual property - he just did such a hurried job with runon sentences that the suitor came to me to refine it. When it was done, we formed the authorized signature on the coupon together but over the phone and I am a little sketchy what it looked like when we finished. I never saw the finished coupon.
- Should you send it to the PO box shown on the coupon?
I think that appropriate.
- I'm confused by your statement(s) that it looks like you can use it for up to $15k a month, but that you can only do it once?
It would be bad faith to keep using the credit card at all. Maybe even to use new credit cards in general once you know you are selling your credit. The suitor is happy to get out of the private credit system.
Thanks!
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Thank you for the additional coupon.
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Return coupon and payment to:
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That speaks of double enrichment right there. I wish it was my intellectual property but so what if somebody else spotted it first!
Regards,
David Merrill.