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Questions for Mr. X

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  1. When a client requests a copy of the contract (to dispute the validity of debt) what is reason you would send the wrong contract? What is the purpose of sending Jane Doe’s contract to John Smith….Does this help in reporting the debt to the credit bureaus some how? When the wrong contract is sent to the client and then the right contract is sent to the credit bureaus to prove the debt as accurate- why do you wait to send the right contract for 30 days?

  2. Julia Smith says:

    I negotiated a settlement with MBNA on a clients credit card that is great @ .25 on the dollar. How do I get a letter of deletion for the account as well as for the late payments? They say it is illegal to report it that way. Thank you!

  3. george says:

    Mr. X

    Assuming the client is a homeowner and owns investment real estate, If an unsecured credit card is charged off as a bad debt will the lender or collection agency go to court, get a judgment and attempt to place a lien,against the client’s real estate? Thanks

    Thanks.

  4. George Kennedy says:

    Sending people through Arbitration is something currently being debated in Congress. It seems the small print in credit card contracts is a big issue regarding this method of collection. What advice can you give people who are scheduled to go into Arbitration for a credit card debt settlement and has this been a successful process for you in obtaining settlements/judgments?

  5. Troy Hitt says:

    Totally slammed today! Thanks to Jon Goldman’s team at BrandLuancher. I can’t wait to hear the webinar on the forum. thanks again Mike for this awesome platform to share EVERYTHING this business has to offer and MUCH MUCH MORE!

    Troy Hitt

    Houston “By God” Texas

  6. MikeN says:

    Mike, Mr. X was invaluable to help answer some disturbing questions about collections for a long while. I can apply some of this knowledge in my business. Thanks for the scoop!

  7. Joyce says:

    This webinar was absolutely “Awesome”. With getting all these great inside tips, I can only imagine what we will get at the October Boot Camp.

  8. MR Y says:

    I DID NOT LIKE MR X ! HE COMES OFF AS JERKY AS THE COLLECTORS I DEAL WITH EVERY DAY. HE AND THEY SEEM TO REALLY ENJOY THIER JOB. HE IS AND THEY ARE EVIL AND THEY SHOULD ALL BE STOP’D !! I DID, HOWEVER GET SOME VALUABLE INFORMATION FROM THIS VERY INFORMATIVE WEBINAR THAT I WILL BE ABLE TO UTILIZE IN MY FUTURE DEALINGS WITH COLLECTION AGENCIES. THANK’S MIKE

  9. Kyle says:

    I am current resident of South Carolina. Here you must have a license, surety bond, and insurance to have a credit repair company or counseling. Is there anyway around that. I mean I am just wanting to do about 10 customers a month just something part time and I don’t have $25k for surety bond and license. Help me.

  10. Kyle
    I am the owner of Kansas City Credit Services in North Kansas City, Missouri
    My phone number is 816-421-8001 or our toll free number is 1-877-655-8001. I think we can help you out.

    Thanks
    Donna

  11. AMERGIS says:

    I'd like Mr. X to be a guest at the next Boot Camp.

  12. Just when I thought I had a good understanding of what I am doing, Mike comes along and knocks me off my wagon. I have to thank GOD for Mike, if it wasn't him and his team as well as the speakers he has on the weekly FREE webinar and boot camp I would be violating law and not even know it and probably out of business. Thank s Mike.

    Rondi
    owner of http://www.FortressCreditPro.com

  13. great seminar see you in Tampa looking for the books you offered 3/3/2010

  14. Jeff Devoll says:

    I have read about a supposed very successful technique used here in Texas by an attorney in which validation was requested per the State Law in Texas combined with the DTPA (the nasty law which has treble damages if one previals). In Texas, collection agencies/JDBs are required to have a bond to do business and we also have some great protection via state law. It consists of requesting specific validation from the CA/JDB and sending a copy of the letter to the bonding company's underwriter informing them of the intention to pursue a claim against their insured. To me, it sounds like this would yeild some good results because of the leverage/pressure it would create from the bonding company, since in some states a bond is essential to do business in those respective states. What is your opinion?

  15. rob says:

    is this for today's
    webinar?

  16. Rob says:

    Why don't the bureaus just fox errors rather than remove the item or is it that they just don't have the accurate data anywhere?

  17. Xpress says:

    I have a client that filed for bankruptcy Chapter 13 in May 2009 but dismissed it in Nov 2009. The problem is most of the problem accounts read "$0 balance and debt included in the chapter 13 bankruptcy". My client Has not paid on the Wage Earner Plan since Nov 2009. I am confused on how to dispute these accounts with late payments because the investigation might reopen these accounts and take the $0 balance away. Or would that the best thing for my clients? Please help!!

  18. Mark says:

    After the creditor reports your account past due or charged off, and then they selll it to a collection agency, can the collection report that same negative tradeline with the same amount?

  19. Robert Graves says:

    I keep hearing about the 26 different ways in which a creditor must report information to the credit repositories. How can i get a hold of those 26 different ways to assist me in legally having items corrected on my clients credit reports. Thank you and look forward to your response.

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