CRA LETTERS AND PAST DUES AT CC BANKS

Thanks Jerseee.

If you get a chance, let me know if my thinking is in line on the above post re your VOD package.

Thanks

HB

[wirlwind]

I did this about 3 years ago in 2001.& I sent a check for $10.00 in& my payment enveope with a letter requesting verification of debt and with the statement.& On the check I wrote Final Payment in the memo area (not paid in full because I wasn't paying it in full).& If they cash the check, you have a little more of the paper trail, and they have entered into a contract by accepting your "final payment".& That was the way that I was advised to do it back then.& It worked reasonably well.& I terminated app. $35,000 worth of debt.& I still have a couple of annoying lawyers that keep aggravating me, but I haven't had any major problems.& I did send the letters certified, but then I was told I shouldn't have, because the point of doing it that way was to get them to accept and cash the check w/o realizing what they were really doing.& They said just to get a certificate of mailing.& &It would go through the clerks that accept and log in payments, and they wouldn't really know what to do with it.& Just an idea.&

i heard about the "final payment" message on the check.& i believe the recipients will ignore it & you'll end up "fighting" about that, and i think the "courts" have decided not to honor the meaning of "final payment" (probably due to terminology?) - in other words, it don't work (because they figured out how to defeat it).


best thing to do is tender your exemption (now that i know) & request verification.


not advice, just my two cents.


jon

[wirlwind]

I may sound dumber than a stump, but how do you tender your exemption? ( I have to ask because I really don't understand a lot of this stuff)


wirlwind

Originally Posted by wirlwind

I may sound dumber than a stump, but how do you tender your exemption? ( I have to ask because I really don't understand a lot of this stuff)

Make that two stumps, please, 'cause I also&don't understand "tender your exemption."


Randy

[RICKY]

COUNT ME IN FOR #THREE.& THAT'S WHY I STARTED THIS THREAD.& TO FIND OUT THE ADMINISTRATIVE MECHANICS.


RICKY

Originally Posted by wirlwind

I did send the letters certified, but then I was told I shouldn't have,....

Same thing I've learned, WW.


Agents see "certified mail" and chances are they'll refuse to sign it.


"Proof of mailing" is all you need since, legally, once it's mailed, it's considered "delivered." (Yeah, there's a statute somewhere about that. I'll find it again one of these days....But I do know that for tax-purposes, "mailing" equals "filing," and so on and on and on....)


Randy

[Jerseee]

Whirlwind and Randy,

Even when you give someone dollars you are tendering payment. You are offering them your choice of payment (discharge). Since all notes in circulation (well not all) are backed by faith, you can offer your exemption which is backed by public policy. Which is your exemption.

Like I said before, if they accepted your tender before they can accept it again. You tendered an application or a check or a FRN or a CPN or a bond or what ever type of negotiable instrument there was that was your tender (offer) and they accepted it.

HB,

You have read the package correctly but, I do not want to split hairs with you about small things. But the important thing is that you understand. I say that is important because, when I understood it for myself--I realized that I did not need all of those documents anymore. That is why I say the CPN the CTC3 has is very powerful and undebatable. Read it and see why.

Whirlwind,

As for the check thing that you spoke of--I'd be careful with something like that because a few of the steps that you mentioned sounded a little underhanded. Furthermore, you are messing with a demand deposit account. i would do like Jmunson and use my exemption and let them argue with public policy and not me.

Whew!!!!! have fun

Jerseee,
I believe we all jumped on you at once. Good coverage there!

I figured I needed to wait for the book.

Thanks a bunch, and I'll try to giveyou time to catch your breath. :lol: :lol: :lol: :lol:

[wirlwind]

Jerseee, (I got it right this time)


The thing that I did with the checks was done back in 2001.& That was the process that BBCOA was touting at the time.& I've really not had any problems with it, but I don't think I would use it now because I have learned a& lot of other things.& I had never heard of a CPN or some of the other instruments that are being used now.& Of course I still don't know how to use those things.& I guess I'll have to drag my CTC3 back out and re-read that part of it.& I've read it about twice, and a lot of it is still Greek to me.& However, I think I am finally starting to understand the UCC1 process, so maybe it will make more sense to me this time.& I don't know why this stuff is so hard for me to grasp.& I've got to understand it one of these days.&


Wirlwind