CPN Question

[Bird]

brentmwatkins:


It does not matter the face value of the CPN.& And what makes&a CPN, VOD, or anything&"work" is determination, personal conviction,&and understanding.


A creditor or debt collector may not happily receive your CPN... and then what?& Do you agree with their stance that your CPN is hogwash?& It is best to be able to support your position with knowledge so you don't hang yourself out to dry in mid process.& You have come&across a&great resource to gain knowledge.


The use of a CPN and/or VOD may bring about various outcomes: You may never hear another word from the other party.& They may respond with some hogwash claiming that your correspondence/payment is no good.&


Either way, the debt is discharged.& As long as you are aware of that truth, and are equipped with the knowledge to respond to their future communications to remain in honor, everything should be fine.

[Jerseee]

Brent,

That was a great post by bird! Please take heed.

To prove what has worked for me does not guarantee your success. I have and still do, continuous study. I am always learning something from others who are either more knowledgeable or less knowledgeable than I.

If proof is what you need to motivate you then you can go to the downloads section and view my docs and their results.

Now that I have proved my claim (which I was not bound to do), I challenge you to do more study and give us a success story just as others here have.

is that a deal? :-) I really want to see your success story posted soon. I guarantee you will feel better and more empowered.

This offer will not benefit me in anyway. It will benefit the forum and more importantly yourself.

[logos]

Brent:

A CPN can be sent with an Offer of Performance and Verification of Tender of Payment to a Creditor without the rest of the VOD--just remove the word "alleged" in the documents if you do. That alone will discharge a debt.



Perhaps the question many want answered is: if you discharge a CC debt with a CPN, will they cancel/freeze the account? Either way, I doubt they'd bump up your credit limit. I'm going to try it on one of my smaller cards.

[Jerseee]

logos,



I don't think I woudl remove the word "alleged". I think removing that term could mean that the debt was valid. Think about it.



If you were on the outside looking in at your docs and the word alleged was not there--what would that mean?



The reason you want verification is because you are not sure that the debt is valid.



Just a thought...

[logos]

Jerseee:

I was refering to sending only the CPN, OOP, and VoToP to the original Creditor. In such a case, the word "alleged" should be removed because we're not demanding verification. However, you are correct in saying the word shouldn't be removed if one sends the VOD to a 3rd party D.C.

[redpilltaker]

What, pray tell, have your experiences shown (you that have done this CPN stuff with CCs) what your credit report looks like afterward?



Or is that where you go back and hammer away at the CRA's seeking verification to clean up their mess?



RPT

logos,

Where is the Offer of Performance and Verification of Tender of Payment located? I'm not hoping that they will bump up my credit limit. If they accepted my CPN, I would gladly cancel all of my CC accounts. Please reply. Thanks,

Brent

[logos]

brentmwatkins:

The Offer of Performance & Verification of Tender of Payment are part of the VOD. I've uploaded my template. Hopefully, the Admin will approve it. I can email it to you, if you'd like.

[Jerseee]

Logos,



If the original creditor has altered the original contract after it has been signed, the debt becomes "alleged". The debt will always be alleged until they prove that it isn't.



This is not gospel, this is the way I operate.

[Ice]

Whether original "creditor" or 3rd party collector, the debt is always "alleged" until proof of claim is provided.



The original creditor is not subject to FDCPA and any reference to such should be omitted from the VOD.