http://sovereignjustice.org Americans for Fairness in Lending - Debt Collection Abuses Debt Collection Attorneys Beware: Debtors are Learning the Law to Fight for Their Rights How they mutants of debt collections in UK Now You Can Fight Back against Debt Collection Agencies - The Consumer Forums Follow the links here and watch: YouTube - Hate your Credit Card Bills? MAXED OUT - NOW ON DVD YouTube - Maxed Out's James Scurlock and Elizabeth Warren on NightLine YouTube - iTulip Interviews James Scurlock, Creator of "Maxed Out" YouTube - The Debt Trap YouTube - mr.debt Click on active links. CRA - Credit Bureaus Agencies list their PO Boxes as contact addresses. When correspond with the CRAs, use only certified mail, or its equivalent - signature obtained via a physical address only. Forget the PO boxes when need solid proof of who received and when? Re: Shining Spotlight on Racket of Debt Collection INTRO: 1. Let's feel sorry for the innocent People who are devastated by travesties of corruption of our politicians who prostitute the US economy and us because the Government sells us by the mighty FR Debt Note, which is not that mighty anymore, as Euro and Canadian "dollars" are climbing due to irresponsible US policy overall. THE QUESTION: 2. The rhetoric question remains what do the banks lose? THE ANSWER: 3. Their fraud of utilizing the formula that about 9 out of 10 depositors would not claim their funds back may be the answer. 4. The banks, artificially, extend the credit which is not secured by actual allocation by equal collateral (matching funds to guarantee the accounts i.e. true stability.) 5. These banks attract alike minds - the investors-speculators. WHY BANKS MAY NEED A BAIL OUT? 6. When the bank's fraud has reached such high proportions that it out-fraud-ed itself and average people who still do not withdraw any, additional deposits, are cornered into the slot where, simply, can't pay off the skyrocketing ARMs, [adjustable mortgage rates, which have risen] the banks can't collect as much as they would like to and can't pay their investors as much as promised. REMINDER: 7. Remember - the promise is not based on honest commerce but on fraudulent operations of credit-lending shuffling on their books only. 8. Honest commerce and business are realistic and good but what banks have to do with them? 9. So, the banks lose what they never had in reality. 10. They realistically have what is theirs only i. e. true assets by physical possession not by virtual numbers presented as assets. THE CHAIN ( REACTION : ) 11. Unfortunately, so much monies worldwide is tight up to operations of banks, since they make the most profit by most fraudulent means, [and, therefore, the easiest and quickest] that any, major change in their "health" triggers a real down-slide on proportions of a National "virus." 12. Everybody in a chain begins "coughing blood" and loses for real. 13. Note, IN A CHAIN... 14. Banks enslave us by debt - they do chain us. SOME QUICK FIX: 15. One quick fix to bring banks in line with some reality would be for the general public (not business) to stop using credit cards, with few exceptions, and switch to debit cards only. Credits cards should be paid in full each months; therefore, do not charge more than can pay. Once you deprive banks of, unfairly, profiting at your expense, they would begin competing for your business, offering better deals. 16. However, we must demand insurance protection for such in order to avoid theft and unauthorized use, while debit cards are not protected whereas credit cards are insured. 17. Once we use debit cards, we put clamps on the billions dollar industry of banks making huge profits on bogus fees, artificially created lateness [yes, many banks hold off your payments so that that can charge the late fee,] and the whole feeding pot of fraud they cook to rob the US Consumer down to underwear. 18. Don't give these banks that privilege anymore. 19. Once banks calculate their "loses" of not being able to charge their BS fees and scam run on us, as hell's train, they would begin competing for our bushiness and drooping their fees, luring us to use their business again. 20. Mark my word! 21. Stop throwing oil in the fire of hell of these banks and fire would be extinguished when there is nothing to feed it. 22. Let's them "smoke" their, own crap. 23. Yes, banks would exist but we would cut some of their fraud substantially and that is not that little. NO MORE THAN ONE CREDIT CARD: 24. If you have to use a credit card for convenience, have only one and pay off any charges immediately so that there is no billing cycle. 25. STOP GETTING IN DEBT! 26. CUT THAT CHAIN. 27. Avoid the cycles or you would be drowned in that pre-mediated cycle of bogus fees. CONCLUSION: 28. I offer you, gradual solutions - not instant theories. Debt collectors at work or mutants using their style. Cheating anyone?