2-2510 Doug call on Angela.docVIP

PAGE  PAGE 11 Doug call on Angela Caller, I’ve been emailing you, and I’ve been using Doug’s way; $85,000 was paid off. It was a home equity line of credit. He just put AFV, SSN, signed it, and signed off on the back. It took 2 to 3 months and he got a 1099C from the IRS. That is a cancellation of debt. He sent this to Kentucky. Judy: I’m adding to the $85,000 AFV: I’ve talked to this man; his name is Paul and it was his second after he lost his home in foreclosure and they were coming after him for the 2nd. He didn’t do a money order at the bottom. Angela: it’s your signature that does; all the verbiage does this. He’s in the credit repair business and he got the 1099C and he was shocked and didn’t realize what it meant. He looked on his credit report and the loan had a zero balance. It was written off. I used to own a mortgage company so I understand how these things work. He lives in the San Diego area. He had already gone past the 6 months on the loss of the house. We talked about the right of redemption and whether or not he’ll go after the bank for fraud. My wife and I have a number of these going. When you do an AFV to Capitol One for a credit card and it’s been sold to the collection agency, who does IRS pay? Doug: I sent to both in my case, the hospital and the collection account. I’m not afraid of ‘overdrawing the account.’ Doug: it’s important to spread the good word when we hear of success; there are a lot of people out there who need to hear the good news. Caller: will this work in foreign countries? Doug: I’ve heard of success in Australia, and I know some people in Canada and United Kingdom are just starting to do this. I know there were some people in Australia who did not have success. Q: this does not work on purchases? Doug: No, if the debt is created then it should work. Angela: Doug posts a lot to A4V, plus Redemption by Method and other yahoo groups. All the questions are answered in these group