| Debt Elimination can stop debt collectors in their track |
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Home Sweet Home Basis for REAL Debt Elimination Mortgage Analysis / Compliance |
House of Cards: Why home prices are about to plummet--and take the recovery with them. Geopolitical struggle between the US / UK and the rest of the world is weakening the US Dollar and portends devaluation and depression soon. Get gold and silver. The real war is in the currency markets. That was why 9-11: to draw America into deficits and war. Get rid of debt. |
Bank Fraud is the basis of real debt elimination |
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Debt
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REAL Debt Elimination can relieve one of the biggest worries for most families and small businesses Qualified professionals may have solutions to help set you free from debts forever through debt elimination. Not debt consolidation, not debt management--debt elimination! It's real and thousands of people just like you have taken back their life through debt elimination. The process is legal and ethical, does not draw on US Treasury but on the bond illegally and immorally established to use the wealth of each American born and consigned as collateral on the national debt. Now you can assume control of your own corporation as is your legal birthright. That's REAL Debt Elimination! What you learn here is far more than the simple elimination of debt, as important as that is. Still more important is to know who you really are and to stop letting the Money Powers run your life and the life of your family and friends. That's what I mean when I say REAL Debt Elimination! |
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Stop Debt Collectors Here!Consumer Debt $2 TrillionAmerica's appetite for borrowing money bloats U.S. consumer debt to a record high almost every month. As of September 2006, the tab stood at $2 trillion and was spurting at an annual rate of 10 percent. Through good times and bad, spending tomorrow's dollars today never goes out of fashion. But all that borrowing produces a lot of financial heartburn. Every year, banks, retailers and other consumer lenders write off more than $70 billion in uncollectible debt, mostly hopelessly overdue credit-card balances. From there, the debts are bundled for auction and purchased by companies that pay next to nothing for the opportunity to take one more shot at collecting from debtors. It is through that process that about $9 billion in secondhand debt has landed in the offices of third party debt collectors. They Cannot Collect One Penny!If you see "charge off" on the account they are trying to collect on your credit report it is illegal for these debt collectors to collect one penny. The original creditor took the bad debt as a loss when they filed their income tax and got a credit benefit from the IRS. See: Bad Debt Expense and Allowance for Bad Debt A decade ago, few creditors tried to collect on old accounts, figuring it wasn't worth the effort. Today, however, collecting on old debts is a rapidly expanding industry. Aggressive companies can buy charged-off credit card accounts from the original lenders for pennies on the dollar or less. Then, they use credit-scoring and other new technologies to identify which debtors are most likely to pay. The players in this "junk debt" market range from fly-by-night outfits to well-established companies funded by Wall Street investors. It's a business that's exploded in recent years as collectors discover gold in old bills. Debt buyers are expected to snap up $110 billion in face value of delinquent debt this year, said Paul Legrady, director of research for Kaulkin Ginsberg, a company that advises the debt collection industry. That's twice what was purchased in 2000. Sleazy New Debt Collector TacticsIt may not be your debt, but it could be your problem. Collection agencies are bullying blameless consumers into paying debts they never owed. Wolpoff & Abramson DefenseWe have perfected a defense against the 4th "worst debt collection agency in the United States," Wolpoff & Abramson. Debt Collectors: What You Can Do to "Get Them Out of Your Life"Here you will find ingenious tricks and traps that can be used by you to win your case against the debt collectors. Debtors RightsA federal statute known as the Fair Debt Collection Practices Act (often called the "FDCPA") gives you specific legal rights to sue debt collectors who unlawfully threaten, berate, intimidate or harass you; call you during odd hours, make false representations about the debt or their intentions, or otherwise act in ways proscribed by the act (and there are many). Stop Debt CollectorsMost debt collectors are not internal debt collectors at banks or loan companies but third party debt collectors working for collection agencies. It's their job to get results. It may not be your debt, but it could be your problem. Collection agencies are bullying blameless consumers into paying debts they never owed. Using the Fair Debt Collection Practices Act Against Debt Collectors.The Fair Debt Collection Practices Act (FDCPA), 15 U.S.C.1601 is a federal statute, which regulates debt collection practices. The statute seeks to protect consumers and prevent abuse in their interaction with debt collectors. This act covers debt collectors and lawyers who do regularly collect debts (Before 1986, lawyers were excluded). Debt Collector
A person who works in the in-house collections department of an original creditor or a collection agency to track down debtors and get them to pay what they owe. Debt collectors can be relentless, often using scare tactics, humiliation and repeated phone calls to extract payments or promises to pay.
Third Party Debt Collector
The Fair Debt Credit Practices Act (FDCPA) is a strict liability
Congressional Act created to help keep third party debt collectors from
engaging in debt collection practices that are abusive, misleading, false,
deceptive or violate your right to privacy. But what defines "third party
debt collector"?
Credit Repair Is Your Right under the Law
"The Bank Fraud Victim Center"Are you a victim of mortgage lending fraud? Is your bank or mortgage company attempting to foreclose?
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This information is for the purpose of education and broadening horizons ONLY.
There's a hot new growth industry: companies that buy ancient bad debts for pennies and squeeze you to pay. Here's how to get them off your back.
Debt Collection Practices: When
Hardball Tactics Go Too Far
Dealing with a debt collector can be one of life's most stressful experiences. Harassing calls, threats, and use of obscene language can drive you to the edge.
An
Outcry Rises as Debt Collectors Play Rough
The rise in American consumer debt has been accompanied by a sharp increase in complaints about aggressive and sometimes unscrupulous tactics by debt collection agencies, a phenomenon that has government regulators increasingly concerned.
Debt Collection Puts on a
Suit
As consumer loans hit an all-time high, the industry gets more sophisticated.