Everyone is looking for the ultimate credit card debt education so they can deal with any situation that might arise. What they’re finding are the gurus telling them they’ve screwed up with too much debt so start rolling some snowball and everything will be okay. This junk doesn’t work when its 92 degrees and you don’t have a job!
Other so called educators recommend consolidation loans, credit counseling and really weird stuff like bankruptcy because you have a job loss? Can it get any worse?
So here you are with no money, no job and little hope when a pigeon flies directly over your head, bypasses you altogether and leaves a heavy amount of bird droppings on a man wearing a $3000 suit, $6000 gold watch, $2000 Italian shoes and the bird bomb also explodes on his $200,000 Rolls-Royce. To top it all off, he is a banker working with a card company!
There should be some kind of inspiration here. If a bird can make his life miserable then imagine what you could do with a congressional law written for the sole purpose of making banks and card companies throw money at you and beg you not to tell anyone what you know! That could truly be called financial education!
Question is, do you really to want know this stuff? If you can Google then it won’t cost you anything but some time and your brain may hurt from seeing the truth! So, if you’re ready to endure the pain that hurts so good then grab your mouse and use the search term “Frontline – the Chicago debacle” to see how banks started dumping cards on millions of people. They were giving away money!
Alright, if you read the article then you know that Congress was so upset they were about to totally outlaw credit cards! The banks didn’t care about the money because money to fund a card account was created out of thin air so even if people never paid, the bank didn’t lose a cent. The bankers’ idea was to get people believing they were in debt and then keep repaying for the rest of their life!
This money from thin air game had been going on for centuries and you can watch the video Presented at the University Of Colorado School Of Law using the search term “the gig is up – money, the Federal Reserve and you” but be warned, it’s going to make you want to see millions of pigeons hovering over every banker!
In 1966 these furious congressional members wrote the Fair Debt Collection Practices Act so that no individual need ever give these plastic merchants a penny! Since no money was ever loaned you paid on a strictly voluntary basis just to continue to use the plastic but if you chose not to pay The Practices Act made it child’s play to walk away without paying a penny!
Your rights in dealing with collectors is summed up in a government cartoon show you can watch using the search term “FTC debt video” which gives collectors a razor blade thin line to walk on. These congressional lawmakers hated the banks and their credit cards! Modern-day warriors are recording collector calls, letting them violate their rights over the phone and walking away with millions!
Search terms such as “man wins $1.5 million from collector” or “woman sues collector wins $8.1 million” show a small sampling of this law in action. Answering a collection notice with a demand for “proof of debt” becomes a no-brainer for people who have seen the gig and know there is no proof!
Well, now you have the advanced credit card debt education to deal with any situation that may pop up in your life and come out a winner all compliments of a Congress that hated plastic! When those gurus start feeding you a line of garbage about some snowball you know what to do with it; put it on top of your new car so the pigeons don’t mistake you for a banker!