Get Out Of Debt Free Pt.3.

[groveservices]

This is all excellent advice. Everyone should watch it

[delquattro]

I have successfully canceled credit card debt, but the problem is that my credit was destroyed, and it lingered on for years because the creditors continually sold the debt to collection agencies which all filed with the credit reporting agencies for years after the credit card companies wrote me off.

[Whitleycb]

Thank you

[AceOfHeart2012]

Also, all loans are insured. So not only does the bank sell non-performing accounts to 3rd party interlopers for pennies on the dollar as well as 'write off' the loan on their taxes, they ALSO file an insurance claim for the face value of the loan as well. So even if you stop paying, the bank literally 'triple-dips' on each and every loan that becomes a non-performing loan. You have no contract with the 3rd party interlopers so asking for proof is the first step to stopping them in their tracks.

[godin007]

@AceOfHeart2012 Asking for proof of what? Are you talking about the original contract?

[MrRiceowlex]

@AceOfHeart2012 How is it a loan if the bank is using money of account and your repaying the alleged loan with money of exchange. All this is done through treasury.

When you apply for the loan you give them a promissory note with your signature and social security number. This promissory is the same as cash to the treasury.

Why not eliminate the middle man and use a bond with the treasury and write a promissory note yourself ?

[bigpoppa20010]

keep up the great work! luv the knowledge man,need more of these guys

[bevanpalmer]

Thank You freemanshrout.