What to Do When Disputing the Original Creditor

• There is no balance because they claim to have charged off the account.
• It is a FACT that there is insurance on each account to protect the creditor against asset loss.
• Did they receive money from an insurance claim that paid off the alleged account balance?
• Did they take tax credits?
• Are they the creditor or really just the servicer?
• Did they disclose that they were charging you for the insurance premium to protect against asset loss?
• Did they get your approval in writing agreeing to the amount of the premium as required by law?
• Did they get the insurance payoff prior to charging off the account?
• Is the contract creating the account even valid since they lacked full full disclosure and equal risk?
• Do they have a certified copy of the original contract bearing both your signature and their their authorized representative’s signature?
• Can they provide a full accounting showing every charge, every payment, every fee, every interest charge, every credit?
• And this includes the insurance claim money received plus any other amount together with the date each event occurred?
• This does not mean by sending you your monthly billing statements that these statement will answer the above questions.
• They need to provide a FULL documented history.

All of these questions are threatening to an “original creditor” because if they are truthful, they will have to admit that the contract was not valid, they lent you nothing, you covered the premium for the insurance for their benefit, the insurance paid off the account prior to charging off the account, and YOU funded the account, not them. They need to respond point by point on each issue raised and provide documentation for everything they claim. Verification also requires an affidavit, which is a sworn statement by someone who has first-hand knowledge of the subject matter. Anything less – no verification, no affidavit, no complete accounting – is just hearsay.