Franklin Credit is pleased to offer the ACH Program as a method to remit your monthly payment

<DATE> Account # <ACCT>

<NAME>

Save Up to $______ on Your
Home Equity Line of Credit

Dear <FIRST NAME> <LAST NAME>:

You can earn a substantial savings on your home equity loan by signing up for one of the following plans:

The Good Borrower Relief Plan: Beginning with your December ___ payment, make your regularly scheduled monthly payments without missing a beat and every 12 payments we’ll reduce your loan’s balance by 10%. Your balance will drop to $________ after one year, $_______ after two years, $______ after three. At that pace, a loan with a current balance of $100,000 due by November, 2029, could be repaid by August, 2022!*

The Immediate Payoff Plan: This plan will save you the most. Continue to make your monthly payments and pay off your loan any time between now and May 15, 2010, and we’ll discount your balance by 55%. Based on your current balance of $________, you can deduct $_______ at pay off!

Accelerated Payment Plans A & B: Need time to arrange a pay off? Consider Accelerated Payment Plan A: Double your monthly payments beginning with your December __, 2009 payment and after 12 months you can pay off your loan at a 50 percent discount! Or try Accelerated Plan B, which requires you make one-and-a-half times your monthly payment for the 12 months beginning December __, 2009, after which you can pay off at a 33% discount. Either plan applies your extra payments directly to principal. And if you’re still not ready to make your payoff by loan’s end, you can retain your right to the discount simply by continuing to make the plan’s higher monthly payments.

To take advantage of this opportunity, all you need to do is:

1) Confirm your participation in a plan by calling an Agent at 888-240-7792 by December 15, 2009.

2) Sign a modified credit agreement.

3) Remain current on your required monthly payments until you pay off your balance.

For more information or to confirm your participation, call us at 888-240-7792 by no later than December 15th. Make the most of this opportunity by starting today!

Sincerely,

Michael Blair

Chief Operating Officer

Servicing Division

Franklin Credit Management Corporation

* Assumes a fixed interest rate of 8.5% and 20 years left on a 25-year loan, with interest-only payments for next five years,
and principal and interest payments for remaining 15, and that borrower does not miss any monthly payment.

Bosco loan servicing is provided by Franklin Credit Management Corporation

FEDERAL LAW REQUIRES US TO INFORM YOU THAT THIS IS AN ATTEMPT TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.