Debt Settlement Victims Of Time [SOL]

I grew up in the Michigan where people have a popular saying when someone has run out of luck.

People would say "you're sh*t out of luck" or abbreviated to "you're SOL". When I had children, I was informed that I should not say that to a child. Oops! My bad.

As it turns out, my eldest Daughter appreciated that time honored phrase. She was able to transform the phrase it to "sorry out of luck". I was pleased that she understood the sentiment behind the profane statement. To my fault, my Daughter (who's now an adult) uses the original version.

There is another SOL used for or against a Consumer. It's called the 'Statue Of Limitations'. The Statue Of Limitations on Debt Collection is based on a number of factors.

For now, let's focus on the Debt Collection Time-Line. I did a video about it. Want to see it? Click Below.

Watch the Debt Collections Time-Line Video on YOUTUBE by clicking here.

The video is only 1 minute 30 seconds. But here are some basics.

• Time is of the essence regarding the Debt Settlement
  You have a certain amount of time to respond to every communication and make every move in a 'timely' manner. Failing to do so could not only leave you with fewer settlement options but also take you much longer to settle your debt.
  
  
• Paying a debt that has passed the Statue of Limitations for Debt Collection is a mistake.
  
  We don't say that in the video because we cover that in Operation Two: "Time-Check".
  
  
• Knowing the Debt Collection Process will be to your advantage. Knowing the Debt Collections Time-Line will prepare you for the worst case situations. DEBT WARRIORS Cadence is "BE PREPARED - NEVER SCARED".
  
  
• The Debt Collections Time is based on what we call the "30 Day Rule".

For example, a Debt Collection terrorist may pursue Consumer forever. But they can only sue the Consumer if and when the debt has been 'Validated'. That debt generally has to be Validated within 30 days of receiving the Debt Collection Letter.

DEBT WARRIORS give honor to GOD for being blessed with the knowledge and technology to educate and prepare Americans to settle their debt for themselves.

We hope you'll take the time to learn what we offer in our Credit Boot Camp Video Series. If not, we still wish you all the best.
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Don't Let Debt Defeat you! Settle Your Debt For Yourself! Or, hire an affordable Attorney in your State - for less that $1 per day. DEBT WARRIORS Show you how. Call 866-576-4996.

Log onto www.DEBTWARRIORS.com

In Debt? Blame Behavioral Economics

Yesterday, I spent 2 hours helping Natasha. Until recently, a client of Bank Of America [BOFA] for over 10 years, Natasha was the model customer. She's always been on top of her bills, She never missed or made a late payment on any of her accounts.

Tragically, Bank Of America has recently raised her Interest Rate. From 3.99% to 14.99% and BOFA recently closed all 3 of her accounts. Why did BOFA close all of Natasha's accounts? Because Natasha's 'Outstanding Balance' on all 3 of her accounts was well over 50%. This is also a problem of many people when they come to DEBT WARRIORS for help.

Natasha needed urgent reinforcement and reassurance. Her minimum payment doubled overnight to over $900 per month. She didn't know what to do and had somehow stumbled upon a horrible Debt Settlement Company. Of course, they were willing to settle Natasha's Debt for her for 15% of her total outstanding balances.

The Debt Settlement Company wanted $4,800 down and $400 per month for 60 months.

Luckily Natasha called DEBT WARRIORS! There are a lot of myths about Debt Settlement. Because of these myths, Americans find themselves looking for solutions to get out of debt as soon as possible. For this reason Consumers like Natalie consider:

• Bankruptcy
• Credit Counseling
• Debt Consolidation and
• Quick Credit Fixes
  

Fact is, the majority of people don't need many of all of the above. People can settle their debt for themselves! So, why do people make terrible credit mistakes like the ones above?

So why do people make money mistakes? Behavioral Economics is the study of how people make economic decisions. You'll find it shocking that many Fortune 500 Companies hire Behavioral Economists to out-think Customers.


For example economic principle of 'Framing' is defined as "how a rational choice problem has been presented." Lets go back to 1981 when Behavioral Economist found systematic reversals of preference when the same problem was presented in two different ways.

Lenders use Behaivoral Economics to trick Consumers into thinking they are making rational choices - even when those choices bluntly irrational.

Beware of any company framing the benefits and not fully disclosing the burdens. Lenders know for a fact, and from experiment data, that Consumers can be mentally massaged into making emotional and irrational financial choices instead of cerebral rational choices, when under pressure.

We've been ranting about lack of adequate disclosure from lenders since we started DEBT WARRIORS! Once we calmed down and probed deeper, we discovered that Jedi Mind-Tricks are used on unaware and innocent Consumers everyday.

I told Natasha, it wasn't all her fault. Luckily she had the good sense to trust DEBT WARRIORS! I kept her from making one of the most irrational choices made by Americans. That is letting someone else settle their debt, without seeking self help and education first.

Feel free to blame your debt situation on the Mad Science of Behavioral Economist. We won't blame you :)

Also know you can outsmart your Credit Card Companies and secure financial liberty for yourself. We will be happy to show you how.

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Don't Let Debt Defeat you! Settle Your Debt For Yourself! Or, hire an affordable Attorney in your State - for less that $1 per day. DEBT WARRIORS Show you how. Call 866-576-4996.

Log onto www.DEBTWARRIORS.com

Middle-Class Warnings

Today we remember the lives lost on September 11, 2001. Billions of people around the World watched as the twin towers crashed to the earth. There are other horrible memories that Americans have about that terrible day in our history.

There were warnings before 9/11. FRONTLINE on PBS did a excellent documentary about an FBI agent who specialized in counter-terrorism, John O'Neill. John [pictured above] believed that America should wipe-out Al Qaeda, before they attacked the U.S.. Tragically, John was a lone ranger - nobody would listen. John O'Neil was forced out of the FBI and entered the private sector - as director of security for the World Trade Center.

Ironically John O'Neil He died at work on September 11, in the World Trade Center. John O'Neill's relentless obsession with getting the government to pay attention to the growing threat of terrorisim ultimately cost him his life, and the lifes of over 3,000 innocent people.

Experts like Counter-Intelligence Specialist Richard A. Clark, informed President Bush that Al-Qaeda was intent on attacking the U.S. again. Mr. Clark was not permitted to attend many Counter-Terrorism meetings in the G W Bush Administration. I don't know who dropped the ball on 9/11, but our leaders where warned.

Ok, so now that I've made the case for listening to experts warnings, I hope you'll take the time to listen and remember my warnings.

• Debt Terrorist are intent on attacking your finances and quality of life.
  
  
• Credit Predators (Predatory Lenders) are plotting to take more of your money for longer periods of time.
  
  
• Home-builders may have not build your home to stand under a Hurricane or Tropical Storm.
  
  
• Credit Card Companies are trying to tick borrowers into mising a payment or making a late payment, by switching due dates for payment.
  
  
• You most likely will need Legal Counsel in the next 2 years.
  
  
• You can settle your debt for yourself, but people will approach you asking for your money to settle your debt for you.

What can you do? You can subscribe to our blog. We look at the entire Financial Landscape and see exactly


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Don't Let Debt Defeat you! Settle Your Debt For Yourself! Or, hire an affordable Attorney in your State - for less that $1 per day. DEBT WARRIORS Show you how. Call 866-576-4996.

Log onto www.DEBTWARRIORS.com

Credit Crisis One: Rise of The Credit Virus Twins

Today I'm going to tell you about a ravaging menace. It's not Identity Theft - it's much worse.

It's a virus that sits, quietly waiting. It goes ignored by 95% of the entire U.S. Population. It can be lethal to your finances and Credit Score.

In 1969, Iowa Resident Fred Fisher filed a Lawsuit against First National Bank of Omaha. He filed a complaint against the Omaha bank on September 3, 1971, for exporting Nebraska's higher interest rates to his state.

Mr. Fisher told the U.S. Court for Iowa that since that state's legislature had a Fixed Usury Rate Ceiling at nine percent, First National was breaking the law by charging him twice that around 18% for an advance.

Fred lost. But more importantly the American Consumer lost. Eventually, The United States Supreme Court awarded First National Bank of Omaha the victory that gave rise to the Credit Virus that threatens every Americans Credit Score and Finances.

When you borrow money or apply for credit, you put what's called a 'Hard Inquiry' [a.k.a Hard-Pull]. This starts the Unsolicited Credit Card Promotional offers (the kind that Fred Fisher filed a lawsuit for).

Kasondra masterfully explains 'Hard Inquiry' and 'Soft Inquiry'. In this short video.



[Watch it on YOUTUBE by clicking here]

There is little you can do once you have gone in to Universal Default. With our current Sub-Prime Credit Crunch, millions are being attacked by this notorious Credit Virus.

Usury Rates and Interest Rates are Ugly Twins. They are Mathematical Twins. They have the same DNA.

Interest was raised with common folk. He didn't have the privileges of high society. Interest was simple and straightforward compared to his Twin Sister. Interest Rates were held in check [in the U.S.] at the State Level.

Usury was raised upper class. Usury only associated herself with the elite. She was discrete, cunning and carried a pen much mightier than any sword. Usury had friends in high places. Her friends had money and influence.

Usury's power to charge Interest to Consumers was trumped by State Laws. Even with all of her power, Usury could only charge higher Rates to consumers in the State in which the Bank was Incorporated in.

This is why the American Consumer lost right along with Fred Fisher. The U.S. Supreme Court ruled that a higher Interest Rate from one State, could be exported to another State. The Supreme

The Court Ruled that the Rate Twins would no longer be separated by State Laws on Usury. The Court ruled that Interest could be charged based on the State of the Business charging the Interest. Now many businesses are allowed to export their States Interest Rates anywhere in the U.S. What is the result? It's a Credit Virus called 'Universal Default'.

Universal Default.Universal Default attacks as soon as any Consumer makes any mistake with any Credit Account. Miss a payment, make too many late payments, go over you credit limit and this virus will attack.

It can attack any Line of Credit- including;

• Credit Cards,
  
• Mortgages,
  
• Pay Day Loans and even
  
• Catalog purchases.
  

Once Credit Default strikes, your War On Debt Begins.

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Don't Let Debt Defeat you! Settle Your Debt For Yourself! Or, hire an affordable Attorney in your State - for less that $1 per day. DEBT WARRIORS Show you how. Call 866-576-4996.

Log onto www.DEBTWARRIORS.com

Credit-Card Rage

Debt-strapped consumers vent their frustration with banks as they root for new rules to rein in card rates and fees. [Right click] 'read more' below to view the entire story. Also feel free to vent your rage at http://www.THEWARONDEBT.net.

read more | digg story

Credit Crisis One: The Prequel To The Credit Crunch | 6 C's Of Credit

Let's go back to the 1960's. After World War II and the Korean Wars had ended, the Veterans who came home (alive:) were hero's. They came home to quality jobs in many industries. For a flash-back at that era, click the video.

These jobs helped the American economy become the largest in the world. Large companies like; Ford, General Electric, Good-Year, and RCA were only a handful of the golden business that gave millions of Veterans great paying Jobs - with benefits and financial security.

Back in those days, since there were good jobs, there were also expectations - but no exceptions, for a borrower to obtain credit.

In the 1960's Credit was only granted to people based on the 6 Cs of Credit:

1. CHARACTER: A.k.a. ones 'Good Name'.
   
   
2. CAPACITY TO PAY: Means having the income to pay the loan back with interest.
   
   
3. CAPITAL: How much money the borrower has.
   
   
4. COLLATERAL:Does the borrower have anything of value? (like money, a home, or jewelry). Collateral can be taken away or (repossessed) if the borrower fails to pay back the debt.
   
   
5. CONDITIONS:Conditions include; the kind of job the consumer has, time on that job, how many years at the same address, how old they are etc.
   
   
6. CONFIDENCE:A successful borrowers Credit Report gives confidence or concern to the lender. Many consumers have Inaccurate and false information on their Credit Reports hurting their Credit Score.

In the 1790's The 6 C's of Credit became irrelevant.

Check back here for our next episode: Credit Crisis Two: "The Rise Of Usury Rates".
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Don't Let Debt Defeat you! Settle Your Debt For Yourself! Or, hire an affordable Attorney in your State - for less that $1 per day. DEBT WARRIORS Show you how. Call 866-576-4996.

Log onto www.DEBTWARRIORS.com

Credit Campagins: Civil, But Cruel

Politicians promise a everything from a chicken in every pot, to reform and change. The ugly truth of any campaign is that the politician has to speak with one finger crossed behind their back at all times.

This week, as the Republicans wrap up their Nominating Convention, I'm going to expose credit card campaigns. You'll want to subscribe to this blog for free and juicy financial facts that can save your financial future.

The McCain-Palin and Obama-Biden tickets are generating a buzz of emotions like never before on all sides. 2/3 of Americans are aware of the 2008 Presidential Campaigns. We are aware of this years Political Campaign because we are concerned about our financial security.

• Millions of American Jobs have been lost. Americans are loosing their jobs by the thousands per week and health-care is becoming more expensive.
  
  
• The Average Credit Card Debt has skyrocketed like the fireworks at the Democratic National Convention.
  
  
• More people are loosing their homes to foreclosure at a faster rate than during the great depression.
  
  
• Natural disasters are chasing more people out of their homes like never before.
  
  
• Scam artist can hit millions of victims in the blink of an eye.
  
  
• Auto repossessions and the subsequent deficiency balance unleash 3rd party Debt Collection Terrorist to hound and harass American Citizens in often their most desperate hour.
  

Did you know that in 2005, the Bankruptcy Laws changed? It's true. President George W. Bush signed The Bankruptcy Abuse Prevention and Consumer Protection Act into U.S. Law in 2005. The the drama behind this new Law is gripping but most Americans don't know it yet.

I'm anti-bankruptcy. I feel people don't need it. In the next few days I'll unfold the dramatic, cruel and civil Credit Campaigns. I'll show you what may really be in your wallet, how it got there and most importantly, how to get it out.
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Don't Let Debt Defeat you! Settle Your Debt For Yourself! Or, hire an affordable Attorney in your State - for less that $1 per day. DEBT WARRIORS Show you how. Call 866-576-4996.

Log onto www.DEBTWARRIORS.com