Re: Re: Federal Banks Can't Loan Cr I wouldn't thank me. I'm saying its bunk. There is a big difference between a debt and an instrument. They are twisting US codes. Did you know that one of the cases they are relying heavily on is Farmers v Bluefield? That case is ca 1920.
Re: Re: Re: Federal Banks Can't Loan Credit 3*If you want proof, I'm it. 5*You might want to consider listening for a change instead of assuming you all know everything there is to know about credit and the law. courtney ><- <>- ><- <> 3*Ho do you deduce that. 5* How do you deduce it's assumption rather than knowledge?
Re: Re: Federal Banks Can't Loan Cr According to UCC Article 3, Section 603, if you make an offer to pay off your debt obligation and it is refused, the "lender" is in default and the debt is no longer valid: The debt is discharged because the lender is in default. What the UCC REALLY says (b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender, of the obligation of an indorser or accommodation party having a right of recourse with respect to the obligation to which the tender relates. I'm not talking about "offering to pay off your debt obligation..." I'm talking about legal arbitration and the argument is based on the designation of federal banks to protect people's money and making money by lending credit (cards) goes against that law. Never said anything about offering to pay, only to arbitrate, which is legal and provided for in most credit card agreements.
Re: Re: Federal Banks Can't Loan Cr lbrown 59 - * I'm (living) proof because I went through arbitration and had my federal cc's dismissed and zero balanced. * The deduction is based on the fact that no one person knows everything about everything.
Re: Re: Federal Banks Can't Loan Cr But the LAW (the UCC, as jlynn quoted) says several things. First, the tender of payment (check, money, etc) must be made to a person entitled to enforce the instrument (the lender). Second, the tender must be refused. Third, the discharge is TO THE EXTENT OF THE TENDER. So, if you owe $10,000 and send a $1,000 check which is refused, only $1,000 can be discharged by the refusal, not the entire $10,000. And, many of the credit card issuers are not the national banks themselves, but subsidiary companies that have been formed for issuing credit cards, etc.
Re: Re: Federal Banks Can't Loan Cr courtney, you give me a headache. if you are proof, i would like your full name and a list of your creditors you had discharged so that we can *verify* what you are saying. BTW, i work for a federal bank.
Re: Re: Re: Federal Banks Can't Loan Cr George! you should know better than to tell someone on creditnet to [ignore] ANYTHING. (i can see lbrown now.....)
Re: Re: Re: Federal Banks Can't Loan Credit I just received my Citibank statement and they are raising my rate due to "performance on the account." I Have never been late or missed a payment on this or any other account. Can they do this? It's going up to around 23.00%! http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=374379#post374379 I have six - an Amex Green, a Citibank Platinum, debit card (Visa), and three store charge cards for department stores I frequent. http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=366717#post366717
Re: Re: Re: Federal Banks Can't Loan Credit http://consumers.creditnet.com/straighttalk/board/showthread.php?threadid=22564&highlight=courtney
Re: Re: Re: Federal Banks Can't Loan Credit I wouldn't think you'd have judgments for illegal debts. How could it be so hard to get them removed if they were never legal? I would think a quick visit to the judge would fix it!!!
Re: Re: Re: Federal Banks Can't Loan Credit jlynn and jenz, thanks for the research! All I can say is--BUSTED!
Re: Re: Re: Re: Federal Banks Can't Loan Cr George! you should know better than to tell someone on creditnet to [ignore] ANYTHING. (I can see LBrown59 now.....) jenz ><- <>- ><- <> I had forgotten about the ignore thread Thanks for the reminder
Re: Re: Re: Federal Banks Can't Loan Credit Ok well, ... here's your challenge then. I'm a Financial Planner and have run my own practice for the last 20+ years, and have international FP experience. I would be delighted to speak with you, (even at my expense) so you can lay out this evidence. It could easily be examined by someone who intimately knows what "Fractional Reserve Banking" is about, me, (and my fellow co-workers). One - a Professor of the Economics Department of a major University. My promise to you is that I will give you and the entire board an HONEST, unbiased opinion of the body of work which has "allegedly" been developed in this area. I've made this offer many times as we do occasionally see posters like yourself posing this concept. I've made the offer to John Gliha, (of Dueprocess.org) himself. Here's a recent Gliha Statement: I'm so glad that you all are such experts. Good luck in court. Like I said before, I don't care that my work is plagiarized, my consultants and I give away documents from my course upon request via email everyday. I want to be given credit for my work and I think it's only fair that if you are publishing it, you know what you're talking about. I feel so much better now that you all are such experts, experts without money. Best regards, John Gliha Mr. Gliha has no intention of showing me anything. Quite naturally, I expect to receive the same answer from you that I've always gotten - NONE! So stop with the "nobody wants to hear it business". Or, "everyone is jumping on me". Should you decide to take up the challenge I shall provide you with all the proof you need to validate my registration You guy's need to put up or shut up, as they say down home. .
Re: Re: Re: Federal Banks Can't Loan Credit I'm not making the FIAT money argument - that money created has no value and can be dismissed, to be short about it. The argument I'm bringing up is that federal banks designation is to protect people's money. ONLY federal banks. Lines of unsecured credit from a federal bank, or unsecured credit cards from a federal bank. Loaning unsecured money (credit) violates what these national banking institutions were set up to protect, namely my money. Loaning me thousands of dollars of unsecured credit puts me and my money at risk. Many of you now are probably carrying large sums on credit cards and it revolves from month to month and the majority are paying the minimums and are still charging. If that's true for you, it's probably why you're tuning in to this board. This debt is fuel for the fraud they've created.
Re: Re: Re: Federal Banks Can't Loan Credit So show us, in writing, IN THE US CODE (the law of our land) where it says that national banks are set up to protect YOUR interest, and only your interest.
