Just In Time For Halloween; Government Debt Conspiracies

Just in time for Halloween, there's a new Debt conspiracy [involving the U.S. Government] making the rounds on the Internet. Spooky....

This year, the most frightening story on the net comes from NOWPUBLIC.COM .

The conspiracy is known as "extra-judicial targeting". His report claims that people are being inundated with offers of "easy credit" from banks, mortgage companies and credit card issuers.

This is a BOGUS C-O-N SPIRACY and not even good one! Beware, because the following may scare you out of your chair :).

The writer claims; "These programs allegedly involve the interception of mail; surveillance, interception and alteration of telecommunications, including telephone and Internet communications; fabrication of bank, credit card, mortgage and billing statements; surreptitious manipulation of personal and business bank and mortgage accounts."

Wait, there's more!

• "Victims charge that these programs also are designed to degrade their physical health, with health care professionals sometimes pressured to cooperate".
  
  
• "It's feared that the government takeover of more than half of the nation's mortgage market, and government bailouts and supervision of failed and financially troubled investment houses and insurers such as Bear Stearns, Merrill Lynch, Lehman Bros. and AIG could facilitate the extra-judicial targeting of personal and business assets."
  

read the full Conspiracy here.

I had to comment on the article: I said, "it'snot "extra-judicial targeting". It's more like Consumer Miseducation, Consumer Inaction, and Behavioral Economics. Consumers don't know their Rights (which they have many :) and more dramatic, is that Consumers don't use their Rights which are protected.

I've been a Consumer Advocate for the last two years. I've got many Battle Scars from Middle-Class Americans calling me a "Dead-Beat", for suggesting that American Consumers educate themselves and fight back.

Be clear, the Government is neutral. So that leaves the challenge and the DUTY (yes I said "duty' :) to us, as Consumers. It takes two people in every Credit Contract. Unsolicited credit offers should be considered in intelligent and responsible ways.

As far as health concerns, it's media programming. We've been led to believe these meds advertised are miracle cures - just like during the Great Depression (79 years ago this week). Back then, "snake-oil salesmen" took people for their last dimes, looking for a cure to the latest illness.

You can educate yourself on your rights as a Debtor and inform yourself of alternative cures for your ailments.

May God bless everyone reading this. ~ J.

PS. Happy Harvest. I don't Celebrate Halloween.

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DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice. If you need to speak with an Attorney click here:
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The 6 C's Of Credit | Debt To Income Ratio

It seems EVERYBODY wants to know the 6 C's of Credit. But, NO-ONE except DEBT WARRIORS, is willing to tell you what they are.

As part of DEBT WARRIORS, Credit Check-Up Video Series, J. Carlton Ford, quickly breaks down the 'Six C's of Credit'.

J. also touches on how your 'Debt To Income Ratio' greatly impacts your (perceived)credit worthiness.

Why You Should Hate Fed Rate Cut

Federal Reserve Chairman, Ben Bernanke, cut the [PRIME] Interest Rate today, to 1%. The ironically the Scary thing (just in time for Halloween) is that the Fed lowered Lending Rates to their lowest since 1958. Even more spooky is that it happened on the 79th anniversary of the Great Depression.

We ALL should be OUTRAGED! Why? Because even though Interest Rates have dropped down to all-time lows, your Credit Card APR will probably stay the same, unless you take action and do something about it.

I discuss my OUTRAGE about this 'Credit Card Mark-Up' in more detail in this video.

In my recent blog post, The Great Credit Card Mark-up, I illustrated how Banks borrow money from the Federal Reserve, at really low rates, and then jack the rates up for loans to Consumers.

"With rates being tied at an all time low of 1%, there is little reason for anyone to have to suffer with high Credit Card Rates."

You too should hate this recent rate cut! Your bank will not voluntarily follow Mr. Bernankes' lead. They will not lower your rates without you gritting your teeth, calling them, and forcing them to. But you can do it. I'll be happy to show you how.

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DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice. If you need to speak with an Attorney click here:
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Wassup 2008

Alan Greenspan's Ideology Created A Credit Tsunami

In this Video Former Federal Reserve Chairman, Alan Greenspan stated recently that, "We are experiencing a Credit Tsunami".



Why Blame Mr. Greenspan? Because Mr. Greenspan allowed White-Collar Bank Robbers to commit the perfect crime - stealing away the retirement savings of millions of American Baby-Boomer Retirees. People like Connie and John Sims. Mr. Simms worked for 36 years for LTV Steel in Cleavland, Ohio. Once he retired, he was living off of his retirement savings until those savings where cut in half. Now he's back at work. The Sims are not isolated cases.

Cleavland.com Blog reports that, 27 percent of workers age 45 and up are postponing plans to retire due to the bad economy.

There's enough blame to go around. But the buck (or lack thereof) stops with Mr. Greenspan.
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DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice. If you need to speak with an Attorney click here:
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15% Credit Card Debt Settlement Trap

Andrew had it HARD-TIMES financially. As Shift Worker in the Michigan Auto Industry, Andrew was making around $60,000 per year with great benefits. Until Andrew was laid-off told me that he was one of those people who proudly sang, "I owe, I owe, so off it work I go..." He knew he owed his debt and was determined not to be a dead-beat.

One day while driving to a Job interview, Andrew heard a radio Ad, asking if he was "over $10,000 in Credit Card Debt". Man was he ever. So he called the 1-800 Number to speak to a Debt Counselor. At first he was sold. All Andrew he had to do was pay 15% of his total debt and the the company would take care of the rest and settle his debt for him.

15% of $35,000 = $5,250. I was brutally honest with Andrew. I told him he was asleep at the wheel. Since Andrew had over $35,000 in Credit Card Debt, the down payment alone for the program would equal $5,250.

What's worse is that none of his Creditors would be contacted until after he'd paid his down payment. Plus, there were no guarantees, and the contract stated that "the company could not be held liable for any of the negative outcomes or for any negligence, or errors on the companies part".

"It doesn't make any sense to go into Debt, to get out of debt". I tell everyone I speak to the same thing. Why pay someone else thousands of dollars to do something that you can do for yourself? With the proper training you can settle your Debt (for yourself) in a safe, legal and responsible way. That's why DEBT WARRIORS are here. We'll teach you to settle your debt for yourself.

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DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice. If you need to speak with an Attorney click here:
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Realizing Your Rights As A Debtor Will Increase Debt Settlement Success

eople generally feel guilty about being in Debt. This is a normal feeling and it works as a WEAPON against you during the process of Debt Settlement. So today, let me share a few Rights that every American in Debt has.

"The Fair Debt Collections Practices Act F.D.C.P.A."Provides the right for American Consumers to fight back and win money when DCT's Violate the law. You can win up to $1,000 for each violation.

"The Fair Credit Reporting Act" F.C.R.A."Provides the right to have mistakes removed from your credit report or to Sue The Big 3CB's for up to $1,000 in damages for each violation

"The Fair and Accurate Credit Transactions Act" F.A.C.T. This is an amendment to The F.C.R.A. that allows you to get a FREE Copy of your Credit Report Every 12 Months.

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DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice. If you need to speak with an Attorney click here:
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