Lecture Notes: Discharging Debt Using Section 609

Introduction

• Speaker: Tammy Robinson
• Topic: Discharging debt using Section 609 loophole
• Key Point: You can discharge any debt at any time, not limited to those on your credit report.

Personal Experience

• Tammy successfully discharged student loan debt from 2016.
• Debt ranged from $39,000 to over $50,000.
• Used Section 609 law in 2018 to have debts deleted and removed.
• Debt was fully discharged, not just removed from credit report.

Section 609 Law

• Law includes a cease and desist clause.
• Allows disputing of debts and ceasing debt collection if no original signature or contract is provided by debt collectors.

Five Steps to Discharge Debt

1. Pull Credit Reports
   • Obtain reports from TransUnion, Equifax, and Experian.
2. Check for Derogatory Items
   • Look for bad or disputed debts, including balances.
3. Use a Template
   • Follow a provided template or use professional assistance.
   • List derogatory items and ensure targeting of last debt collector soliciting the debt.
4. Inventory All Debts
   • List debts individually with details such as amount, account number, and reasons for removal.
5. Seal the Request
   • Use red ink to stamp your right thumb on the seal page of the Federal Trade Commission document.
   • Do not sign the page; request creditor's contract and signature.

Conclusion

• Final reminder that if no contract and signature are provided, the debt is not owed.
• Contact details for further questions and encouragement to subscribe for more information.

Note

• The success of the method may depend on individual circumstances and legal advice should be considered.