FAQ

FAQ- Frequently Asked Questions about Debt Elimination System

What are tax implications of this kind of freedom?
Why would the two be related? Are your supposed debts, or your payments on them, presently tax deductible? I am not a taxpayer, nor a tax advisor, so you w...
Sat, 18 Jul, 2015 at 7:34 PM
Can the Liberty system work in countries other than the USA?
The good news is, the answer to your question is most likely YES . . . potentially . . . because all countries in the world operate under the same general m...
Sat, 18 Jul, 2015 at 7:40 PM
Do we have to buy your docs twice, or can we buy one set and adapt for both my husband’s credit cards and mine?
  You only need to buy the docs once. The rule is, one purchase per household. For friends and other households, another purchase is required.
Sat, 18 Jul, 2015 at 7:42 PM
If I purchased your system would I be able to use it to help settle the debts of other people such as relatives friends or neighbors?
No, you can only use the Liberty system for yourself and a spouse or someone in your household who shares your accounts and household expenses with you. The...
Sat, 18 Jul, 2015 at 7:46 PM
If I have a judgment on a credit card, can I still pursue with applying through Liberty to be debt free from that card?
Yes.  It will cost extra, a few hundred dollars, because you will have to sue them under the direct 1-on-1 guidance of one of our lawyers.  The Liberty syst...
Tue, 15 May, 2018 at 11:36 PM
Does Liberty cancel debts on AMEX (American Express) cards as well?
It works the same on AMEX as it does on the other cards. We just don’t talk about it as much because a much smaller minority of our customers have AMEX and ...
Sat, 18 Jul, 2015 at 8:15 PM
Can your system be used to settle a SALLIE MAE loan? I believe they are a private corporation and not affiliated with the US government.
Yes, if it is an unsecured loan . . . meaning signature only -- not a mortgage secured by real estate or other hard assets. In other words, was a boat, a ca...
Sat, 18 Jul, 2015 at 8:20 PM
Is there is specific time frame that I need to send the letter once I have received correspondence from the bank / credit card company?
Not really. Even if they give a deadline, you're not legally bound by it if you don't owe them anything. But just for maintaining the effectiveness ...
Sat, 18 Jul, 2015 at 8:24 PM
If I am current on the particular credit card I wish to cancel and am not in default, then how would I modify the process?
There is no change to make. The first sentence is “Thank you for the statement of [date], that your institution recently sent me, expecting payment for an a...
Sat, 18 Jul, 2015 at 8:25 PM
Does one purchase include unlimited credit card cancelations?
Yes. Once you have the system, you have it for life, to use on as many unsecured debt cancellation as you wish.
Sat, 18 Jul, 2015 at 8:28 PM