by Carol Ann F. Maloney

Created on: October 18, 2009   Last Updated: December 10, 2010

Read  the article by Carol Ann F. Maloney ," How To Eliminate Credit Card Debt " to understand why you are not really in credit card debt  and proceed as follows:

Send for free credit reports with The Annual Credit Report Request Form , at   //www.ftc.gov/bcp/conline/include/requestformfinal.p df. You will recfeive a free copy of your credit report with names and addresses of those reporting your credid card balances. You can dispute any and all credit card debts with the following letter.which you can send to the addresses (on the credit report )  

 After sending the following letter to the credit card companies, send a letter to the credit reporting companies and inform them what  account balances are disputed, unproved debts.  Inform the reporting companies that  the disputed, unproved debts must be removed from your credit report until they are proved or they are in violation of The Fair Credit Reporting Act and subject to suit.

Begin the letter with name of reporting company ,address of company, your name and address and the date. Re: account #_____________& unproved debt.

Bank Representative:

I put ( bank name )on notice that I dispute the alleged debt (money loss) on account#________________. I challenge said bank to prove a money loss (debt), as required by the fair debt collection practices act), by answering the following interrogatories:

Interrogatory No. 1. State the total amount of principle (sum "paid" for transactions), interest and fees, respectively, paid by defendant during the full history of said account. Answer proves said bank is unjustly enriched by collecting money without loaning money.

 Interrogatory No. 2. State the total amount of principle (sum "paid" for transactions), interest and fees, respectively, allegedly outstanding on the defendant's account as well as the amount of defendant's balance on said account at the requested termination date. Answer proves said bank is collecting usurious interest and exorbitant fees that often exceed the total of transactions for goods and services, often doubling consumer costs to unjustly enrich said bank who is collecting money without paying money for creditline transactions.

Interrogatory No. 3. When "payments" were made from said account for defendant's transactions and defendant made money payments to said account, state how the payments were posted , and if the defendant's creditline was restored with more, fractional

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