SOMEONE HELP that knows...I AM ON SSI....if i almost max out alll my credit cards and only pay them for 3-6 months and then pay 10 bucks a month then stop after 6 months or so( dont pay anymore to them)...would that be seen as fraud? i know they cant take away my ssi check, i have no money in the bank... could i go to jail?
Watch the pbs frontline special called "The Secret History Of Credit Cards" before you start yackin- just go to the pbs frontline website and watch it if its not on you tube- the credit cards arent fighting for the money u owe them- they want you in debt for life
In an ideal world people would pay back gladly. but the state of the economy and job losses...what do you expect? money is tight. cmon .. starve or pay back, with interest? we got to live. get real....
credit cards are a tool.. if you can't control your spending, don't blame me... I don't have problems with credit card debt... i don't use them unless i have more than enough to pay them off each month.... you should do the same.
debts are fictional. its only ur strawman who is responsible. Meanwhile you can take equifax to court for illegally holding info on you and they will remove all info. Just by doing the simple thing of studying the laws and acts... for more see elizabeth croft and robert menard. economic crisis was created since fiduciary......so please stop bashing ignorant peoples. Currency is not money look in your constitution.
@Vabzy oh please.... get a grip for heaven sake... credit cards are a tool.. if you can't control your spending, don't blame me... I don't have problems with credit card debt... i don't use them unless i have more than enough to pay them off each month.... you should do the same.
who cares if the money leant to you is fake? OMG.. please take responsibility for your own debts.. don't borrow the money if it's going to make you angry...
Oh man, I'm trying not to insult you here but are you crazy? Financial system is in crisis is because the federal reserve creates money out of thin air, we the people give the banks permission to borrow money from the fed, everytime we sign a check or loan, it creates more debt. And you're a money advisor? If you really want to help people, learn the truth about how the entire money system works, if not, continue with ignorance my friend.
I hate to be rude, but.. I don't agree with you... you're blaming the system for something you can control.. you can control your credit card debt. You can't control the federal reserve.
If you borrow money, that's your decision... take responsibility for it
@montyloree Because it is the right thing to do to pay for the debt that was accrued in ones own name, it is ok to pay it while aiding in the systematic destruction of our economy? It is very hard for you to accept this because you went to school for this and your world is pretty much a big lie. No doubt people should pay their debt if money was sound-but it isn't so your entire argument is bad. You want to make a difference? fix the problem at the roots, not support the sham even further.
@montyloree Only somebody like you, who was taught that the system is impossible to control, would think like that. The mere thought of year college years and years and years of working for a lie just irks you so badly that you have to shoot a youtube video telling people to support what isn't there. You're not getting the point, you're not creating more debt by purchasing things it is already paid for and at the end of the day, the banks books are balanced. period.
@eleganz totally agree I would almost insult him too. he is not a money adviser but a how to stay a slave in debt adviser. Be level heade slave adviser. Debts and freedom and not synonymous.
You just insulted many human being that got into debt maybe none of their fault. Ex. Death in the fam, illness, robbery, etc...
Why don't you try to elliminate some of the fat around your head! Maybe it will release some tension around your cramped up brain. think before you judge. fart face loner.
easy to say fatso ... you have just insulted many people that have made mistakes in their lifes or taken risk to enhance their life and failed ... shit happens ... im glad you like to kick people while they're down sayin like the society is a bunch of theives who steals money from banks
the credit card contracts are totally in favor of the cc companies, NOT the consumer. I bought things with my CC at a certain interest rate, they then tripled that interest rate making my payments impossible to make. The CC companies are the worst type of loan sharks and need to be stopped. I'm currently almost $50K in debt and have stopped paying on 1 so far. Once the other raises interest to 30% I will stop that one also.
I would agree with what you say if there was Consideration, however, there is none from the bank. You need to realize how our system works - the money that you are "supposedly" lent is fake - it's an entry, that's all based on Fractional Reserve Banking. A person can get a loan, put up their car, and bank puts up nothing. When person default, bank gets free interest plus car and for how much? NOTHING.
When there is consideration on both ends, then it is moral for debtor to pay creditor.
One thing you forgot to mention regardingPONZI SCHEMES...always destine to fail they are!! One day you'lll wake up from a great night of beer, friends and facebook/you tube only to discover every dollar in your meager bank account to be worthless...that BIG REVERSE SPLIT(look it up) is inevitable, they cant keep printing, not enough ink!! lol
Dude - you are clueless. People borrow money to start a business and sometimes shit happens where you CANNOT pay the debt back. That's the bottom line.
I think this is a lesson that we're learning as our generation... and we'll pass what we've learned to the next generation... meanwhile.... we're pretty stuck with the debt we've got
It will result in a permanently higher cost of credit for these folks and I don't believe their governments will let it bring down banks and dramatically diminish future economic opportunities for their nation. It just doesn't make sense.
In my mind, even a debt to the worst kind of corrupt and exploitive institution is still something I must honor or consider myself a true criminal. It's just that simple. At least they'll end up with a list of the people that attempt it.
agreements are not contracts
There is not enough Money in circulation for everyone to pay off ALL the debts!
The whole system is totally fraudulent...
glensmith1979 8 months ago
Fuktard..101..
bigdav123456 9 months ago
SOMEONE HELP that knows...I AM ON SSI....if i almost max out alll my credit cards and only pay them for 3-6 months and then pay 10 bucks a month then stop after 6 months or so( dont pay anymore to them)...would that be seen as fraud? i know they cant take away my ssi check, i have no money in the bank... could i go to jail?
vacationboyvideos 11 months ago
Watch the pbs frontline special called "The Secret History Of Credit Cards" before you start yackin- just go to the pbs frontline website and watch it if its not on you tube- the credit cards arent fighting for the money u owe them- they want you in debt for life
DJControllerC 1 year ago
have u ever bought anything new? Clean up that room, and I mean now, get to bed.
spritquest35m 1 year ago
@thomasbhunter68 I like my nose... I got it by chasing parked cars when I was a kid!! :)
montyloree 1 year ago
@montyloree lol
ResidentRetro 4 months ago
In an ideal world people would pay back gladly. but the state of the economy and job losses...what do you expect? money is tight. cmon .. starve or pay back, with interest? we got to live. get real....
wotsganninon 1 year ago
credit cards are a tool.. if you can't control your spending, don't blame me... I don't have problems with credit card debt... i don't use them unless i have more than enough to pay them off each month.... you should do the same.
montyloree 1 year ago
debts are fictional. its only ur strawman who is responsible. Meanwhile you can take equifax to court for illegally holding info on you and they will remove all info. Just by doing the simple thing of studying the laws and acts... for more see elizabeth croft and robert menard. economic crisis was created since fiduciary......so please stop bashing ignorant peoples. Currency is not money look in your constitution.
Vabzy 1 year ago
@Vabzy oh please.... get a grip for heaven sake... credit cards are a tool.. if you can't control your spending, don't blame me... I don't have problems with credit card debt... i don't use them unless i have more than enough to pay them off each month.... you should do the same.
montyloree 1 year ago
@montyloree you are a funny guy..u just can't be bothered to open your eyes.
Vabzy 1 year ago
everyhuman with a birth certificate is owed money 1933 law look it up
onesogreat77 1 year ago
dont pay that debt
onesogreat77 1 year ago
here's a clue... maybe you didn't get the memo... 90% of the mortgage fraud, was committed by lenders, not borrowers.
get off your high horse, do some research before calling people deadbeats.
and you're from Canada? why are you making a video about this anyway
shakaama 1 year ago
who cares if the money leant to you is fake? OMG.. please take responsibility for your own debts.. don't borrow the money if it's going to make you angry...
montyloree 1 year ago
Oh man, I'm trying not to insult you here but are you crazy? Financial system is in crisis is because the federal reserve creates money out of thin air, we the people give the banks permission to borrow money from the fed, everytime we sign a check or loan, it creates more debt. And you're a money advisor? If you really want to help people, learn the truth about how the entire money system works, if not, continue with ignorance my friend.
eleganz 1 year ago
I hate to be rude, but.. I don't agree with you... you're blaming the system for something you can control.. you can control your credit card debt. You can't control the federal reserve.
If you borrow money, that's your decision... take responsibility for it
montyloree 1 year ago
@montyloree Because it is the right thing to do to pay for the debt that was accrued in ones own name, it is ok to pay it while aiding in the systematic destruction of our economy? It is very hard for you to accept this because you went to school for this and your world is pretty much a big lie. No doubt people should pay their debt if money was sound-but it isn't so your entire argument is bad. You want to make a difference? fix the problem at the roots, not support the sham even further.
eleganz 1 year ago
@montyloree Only somebody like you, who was taught that the system is impossible to control, would think like that. The mere thought of year college years and years and years of working for a lie just irks you so badly that you have to shoot a youtube video telling people to support what isn't there. You're not getting the point, you're not creating more debt by purchasing things it is already paid for and at the end of the day, the banks books are balanced. period.
eleganz 1 year ago
@eleganz totally agree I would almost insult him too. he is not a money adviser but a how to stay a slave in debt adviser. Be level heade slave adviser. Debts and freedom and not synonymous.
Vabzy 1 year ago
You just insulted many human being that got into debt maybe none of their fault. Ex. Death in the fam, illness, robbery, etc...
Why don't you try to elliminate some of the fat around your head! Maybe it will release some tension around your cramped up brain. think before you judge. fart face loner.
Saborsaoco 2 years ago
they owe me for FREE MONEY!! your a parasite arn't you.
definemaybe 2 years ago
please get some lessons in commerce
cjellwood 2 years ago
What would Jesus do ? Usury laws should be brought back and oh yeah why dont you preach to
scu m bag wall st bankers who stole trillions of our money the publics money then got bailed out by us
Malinyc 2 years ago
easy to say fatso ... you have just insulted many people that have made mistakes in their lifes or taken risk to enhance their life and failed ... shit happens ... im glad you like to kick people while they're down sayin like the society is a bunch of theives who steals money from banks
honor438 2 years ago
the credit card contracts are totally in favor of the cc companies, NOT the consumer. I bought things with my CC at a certain interest rate, they then tripled that interest rate making my payments impossible to make. The CC companies are the worst type of loan sharks and need to be stopped. I'm currently almost $50K in debt and have stopped paying on 1 so far. Once the other raises interest to 30% I will stop that one also.
sniper152 2 years ago
I would agree with what you say if there was Consideration, however, there is none from the bank. You need to realize how our system works - the money that you are "supposedly" lent is fake - it's an entry, that's all based on Fractional Reserve Banking. A person can get a loan, put up their car, and bank puts up nothing. When person default, bank gets free interest plus car and for how much? NOTHING.
When there is consideration on both ends, then it is moral for debtor to pay creditor.
vinny1010 2 years ago
banks are not criminals but people are? BS It's a giant ponzi scheme.
scanlonized 2 years ago 3
One thing you forgot to mention regardingPONZI SCHEMES...always destine to fail they are!! One day you'lll wake up from a great night of beer, friends and facebook/you tube only to discover every dollar in your meager bank account to be worthless...that BIG REVERSE SPLIT(look it up) is inevitable, they cant keep printing, not enough ink!! lol
dawnerjames 2 years ago
Dude - you are clueless. People borrow money to start a business and sometimes shit happens where you CANNOT pay the debt back. That's the bottom line.
RetrospectRecords 2 years ago 2
I think this is a lesson that we're learning as our generation... and we'll pass what we've learned to the next generation... meanwhile.... we're pretty stuck with the debt we've got
montyloree 2 years ago
maybe if people didn't have to pay for their homes three times over they could afford to live without debt. What about student loans buddy?
Education should be free. The bill of rights outlines what we are entitled too as citizens. Free education, shelter, food, health care.
how could you expect anyone in the states with huged medical bills to pay their debts??
It's a giant ponzi scheme and in the end they will own everything unless we do something about it. Destroy their sytem and them.
artsychic2000 2 years ago
Yes it will ..
Sometimes people need debt settlement because of health reasons etc..
In the overall, it's a good thing for people to pay off their credit as agreed to in the contract, if they are legitimately able to.
montyloree 2 years ago
It will result in a permanently higher cost of credit for these folks and I don't believe their governments will let it bring down banks and dramatically diminish future economic opportunities for their nation. It just doesn't make sense.
In my mind, even a debt to the worst kind of corrupt and exploitive institution is still something I must honor or consider myself a true criminal. It's just that simple. At least they'll end up with a list of the people that attempt it.
ananiasacts 2 years ago