I don't ahve any fancy degree but using the information on this board and others like it, I managed to completely clean up my credit in less tha n6 months. I find this cheaper and I don't have a settlement notation on my record.
Re: Re: Debt Termination programs So did you get the items removed off your credit report or did do the elimination
Re: Re: Debt Termination programs I got the items removed from my credit report using methods I learned on various boards...
Do a search on this thread as well. For what it's worth, this is my take on the whole thing in a nutshell... First you send them a notice of final payment. If the bank accepts the check they are agreeing in a change of terms. You also notify them not to access your credit report for any reason. This is still going to put the account into collections, but you deal with that later. Next you call for an Audit of the Equities, and threaten to sue for Failure of Consideration and Defamation (i.e. you demand they prove their financial state and whether they risked anything when they "loaned" you the "credit.") and then threaten to counter sue for your deposit. In other words they need to identify the account that was debited when the loan was created. You will also mention in your complaint that they did not disclose the nature of the contract, being that there was no consideration. This has the ability to void your signature on the contract. You then ask them for a zero balance due statement withing 30 days in return you hold them harmless and keep what transpired confidential. Next you send Default Notice With Intent to Arbitrate (3rd party binding arbitration.) and give them 21 days to settle. Now a days many lenders have a policy to arbitrate whenever possible. They like it because if they loose there will be no legal precedences set (which would be the end of the world as we know it) and no official accusations of illegal activity or fraud. Also, everything can be kept sealed after it's over. For unsecured credit card loans it's just not worth the hassle to them, so they, "as a courtesy," give you a zero balance statement and you agree to keep it quiet. Next you still have to use the Zero Balance and Paid Satisfactorily letter to get the CRA's and any collection agents. That's where Creditnet's techniques come in handy. IMO it's best to save those tactics for the one's you can't get removed through conventional means. You can use similar techniques to get your Mortgage canceled as well. You are simply exploiting their exploitive business practices. The enemies of Rome used the roads the Romans built to conquer them to conquer the Romans. The banks have been scamming so long they forget that they are indeed scamming. I guess there's something about a suit and tie that makes men forget what they really are. Until you point it out to them on legal paper that is. Then the tables turn. The chickens come home to roost. Lucky for the bankers there are enough nay-sayers and people afraid of a collapse to keep them in business for many years to come. "The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." -- Rothschild Brothers of London, 1863
I read the threads when this post first came out and there was a lot of debate whether it would work. Has anyone successfully used it? The Bbauer and Bud Hibbs approach is to catch the OC/CA in vioaltions and drop your lawsuit in return for a 0 balance. I know people have had some success with this approach.
Re: Re: Debt Termination programs In reality it's the same approach. Find their weak spot, or make them believe you have ammunition and they'll roll over. What I don't like about those websites is the only give you tidbits of information and they want to sell the rest for big money, so you have to put together all the tidbits from many websites and then you get a clearer picture. Some also are marketing it like an MLM. Yuk! IMO anything that get them to take you seriously will work. Ten years ago AMEX gave me a zero balance statement on a 3k debt simply because I wrote a letter to the VP threatening to go to the Press and take him personally to court. I put it in an envelope that looked like a greeting card which might have gotten it past the screeners. I wrote it on the advice of a Mortgage Broker I knew, and it worked! Prior to that I wasted a whole year of tearing my hair out with phone calls, yet with one letter it showed paid satisfactorily with zero balance.
Re: Re: Debt Termination programs hey deleto, you seem to at least see the direction of these types of programs. As you can see from past post i have gone back and forth with guys on this topic. if possibly would you mind sharing some of your knowledge. We can do it off the board if you prefer. email me at t_sims224@yahoo.com I have been currently reading up on the UCC and the creation of money. Please do email me so we may speak.
Here's some links I was given on the subject Mortgage Cancellation: Listen to the recorded calls here: www.prolinkdirect.com/mcp Guest Access: patwin748 Passcode: 59785 Also, call 618-355-1532 www.banksrestorationact.4mg.com www.paws.cc www.paws.cc/research www.emillionsathome.com/faqs Live call: Tuesday 10pm EST 508-960-5260 Meeting ID 422# Daily 15 min Presentation: 3pm EST & 5pm EST 347-534-1700 xt 7501 Meet Dr Livingston in Las Vegas March 29, 2003 www.emillionsathome.com/event Credit Card Debt Elimination: 618-355-1565 25 min message www.paws.cc Click on Debt Elimination then scroll and click on the audio link, "The Creature From Jekyll Island" Cordially, without prejudice, Patricia Winston 360-882-0838 patriciawinston@prodigy.net ===== 360-882-0838 www.paws.cc www.paws.cc/research www.banksrestorationact.4mg.com http://96890.themastersmiracle.com
Here's another interesting link. It's quoting John Gilha's Due Process article, "Winning the Collection Game. It leads to a link by a CPA who for a fee will write up a debt cancellation letter for you and appear as an expert witness. http://webpages.charter.net/swanson_cpa/truth_behind_your_home_mortgage.html There's another topic I'd like to discuss that's taboo here. Creating a new credit file using your FEI number. I ordered an e-book on the subject and it offered a solution to what makes it illegal. As long as you don't mis-represent your FEI number for your SS number it IS legal. The trick is you cross out where it says SS # on the application and write in EIN number. And you need to incorporate for a legitimate business purpose as well. Then nothing is being falsified. If they process it. And they will. Bingo, you have a new credit file, and like it or not no one can do squat about it! Anyway I'll talk more about that later.
So whats the skinny? Only one person has tried this? Does this work with current accounts? I need more proof. Cold Feet.....................
Drd, I always figured there was a way to do a new file. Wells Fargo cc application gives you the choice of a SS or EIN. I know several people that have just used a new address with their SS and got a new file too.
You need to be real careful. This immigrant my friend was trying to get qualified for a Mortgage wound up showing two SS#s and got turned down for the loan. He was issued one when he got his green card and one when he became a citizen. He had the first one canceled out but the bank saw it anyway and didn't like it. So they turned him down even with a notarized letter from the SS admin. A different bank approved him later but it caused him to loose he house he wanted. Because of identity theft the SS office has offered to give me a new SS#. I'm choosing to fight to keep my old on for the same reason. If you start a new credit file you best have a new address AND id number (ie. an EIN) The name and birth date need to stay the same if you're ever asked for your drivers license for ID. Also you need to MAKE SURE you cross out that SS# and write in the EIN number on the app. or you are committing fraud. Also you should keep your business active.
I've been told by many mortgage people that buying a house is a problem with a new file because the mortgage lenders check with SS to make sure the numbers are real because of the elgal aspects of real estate. With credit cards they don't really check too much. Some people get a new file to build some credit while repairing their other file then the either dump the new one or have two files so they get better ratios.
Bigmon's comments I do not want to do file segregation and don't need to but aren't there some legit reasons why someone would need to get a second ss#, like identity fraud? If you get the new ss# legitimately,does the old file have to be moved under the new number or can you just have 2 files? With 2 legit files you have done file segregation honestly. The backdoor business credit thread here seems more legit and looks like it will get anyone business credit if done right. Bigmon has a point about the cc companies not checking very closely for ein #'s. File seg goes way back in time and I have never heard of anyone going to jail over it. Of course you can have your cards cancelled if the companies find out.
Bigmon's comments There probably has been someone somewhere that went to jail for it. Normally, when someone gets some big credit lines, runs them up and then walks away is when it gets looked at. There are even groups of people that operate as a crime ring. I think this is were the whole deal gets a bad rap. Bright lights attract bugs. In California during the 1980's tons of people formed corporations and got big credit lines and took the money and ran. That's why now so many banks want a PG on business accounts. If someone pays on time I've never heard of the credit card companies even looking into it. Why would they bother. I'm not suggesting a file segregation if you have other options. Especially, it seems like the business credit is so much easier.
You know warm puppy has a point. I have used Lexington Law Firm for 2 years and they wiped out over 45 negative items and still counting. Yes Bank rup. also!!! This is a process that is not for the faint at heart. I have contacted two of the web sites warm listed and will see what comes of it. I thought the majority of you guys and gals were about knowledge, PERIOD! Hmmmmmm
