If Credit Card Companies Sue You During Debt Settlement
www.CreditCardReliefFormula.org What happens if a credit card company sues you during debt settlement? It is easy to settle your own debts often for a dime or two on the dollar. Creditors do not often sue you. But if they do, here’s what can happen…and you will be absolutely shocked.
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The banks are not the true creditor, they sign nothing. You are the creditor when you gave them the application. Get them to sign a Declaration of Creditor Status and watch them run. You created the funds with the application, they have no skin in the creditor game so there is no privity of contract. They are probably making about 2m of your signature and give you a measley 10k of your credit. That is called unjust enrichment.
Aren’t the credit card statements enough to prove their case? They always have the credit card statements. I just got a summons with the credit card statements included as evidence.
If sued, Elect Arbitration- JAMS and AAA.
It allows a Debtor to go on Offense, and charge creditor with $ Violations on FDCPA- FCRA, they break the law every time they collect a debt.
Debtor Boards advocates this, if U dont know your rights, you have none.
Get your case Out of Kangaroo Courts, elect Arbitration, it costs Creditors $3000-10000 to pursue it, most wont.
NAF- declared a Fraud and moratorium, Arb is now working!
Creditors have No note, Affadavit is bogus & $ Securitized
@clintosfan There a pros and cons to bank credit cards vs credit union credit cards. Here are my thoughts, if your credit sucks, yeah a credit union credit card may be your better choice because of their worst interest rate would probably be 18% or lower on the interest rate. If you went with someone like Capital One who loves to charge 24 or in some cases 32% default interest rates, and this was the best offer you had, then of course a Credit Union would be your better choice.
@Tuberidin01 YES!!! HAHA I totally agree, on the other hand I actually work for one of those “big” banks. Credit Unions ARE better and if you’re getting a credit card get one at A CREDIT UNION!!! I wouldn’t say this at my job of course lol, but by law credit unions can not exceed above an 18% APR. Also they usually don’t charge annual fee’s or any of the craziness that banks charge.
Credit is a fake concept created by the bankers to enslave us and keep us in perpetual prison, but unfortunately credt history still exists. I was a victim of overbloated credit myself, struggled for months trying to get my credit score to respectability. Worst time spent EVER.
I was struggling with this, but my friend recommended a company that did all the leg work for him, and all they charged me was $40/year.
Give them a call if you got credit problems, They are AWESOME
888-338-3875
Excellent ! THANKS RICHARD!
@rayme4raw You may not have read my comments close enough. I’ve mentioned that I work for a credit union. Credit Unions “ARE NOT BANKS” they are member owned and not for profit. We are a member based co-op so the money we loan out to our members actually belongs to other members of our credit union. So when losers want to preach about demanding settlements for debts they have neglected on purpose… yeah they make me fucking sick because our responsible members suffer becuase of these losers.
@Tuberidin01 I’ve read your other comments, you have to be trolling for some big bank or third party collection agency.
@Tuberidin01
In most jurisdictions, failure to appear in civil court is not a crime/infraction.
@Tuberidin01
Not always. The bank may not send a 1099 and if you’re insolvent, then you don’t pay income tax on forgiven debt anyways. Most people who are enslaved to the banksters are insolvent.
@Tuberidin01
A contract where one party has the right to alter the contract unilaterally is unconscionable and should be illegal.
Furthermore, banks should operate like a public utility and be subject to the same sort of regulation. Banks should not exist to rob the people and leave us all homeless and penniless on the continent our fathers conquered.
@Tuberidin01
Right, if it’s a person, then he/she has a MORAL obligation to submit to 29.9% extortion. If it’s a corporation, then they have no moral obligation to creditors and can declare BK or not pay creditors that try to extort them. Speaking of corporations, banks are in a class of their own. They have the right to create money and get bailed out by the taxpayer when their casino bets go bad.
The banksters have increased interest rates on people with good credit and no lates.
@Eraser7622 Thank you DD…. tell it like it is my man!!! These people have no fucking clue what they are talking about. They think they are above the law, above their contracts and feel that everyone owes them sympathy for their lying, deceiptful, scamming, ignorant, neglectful, low life lives.
@debtcc Like I said people, yes I know I’ve made some rather BOLD replies. But like I said, when someone is telling the truth, I will let them know. This guy is telling the truth. I agree, a creditor should have correct records with your signatures. If they can’t provide these documents, there is a very strong possibility that your case will be dismissed in court. Of course this doesn’t mean that the creditor won’t find your signed documents and take you back to court again.
@Tuberidin01
Why is that? Why does our illegal court system, run under the UCC while masquarding as running under the Constitution, have the right to tell me, or anybody else in the Country, where we must be at some certain time otherwise be found guilty of a non-injury contract dispute and ordered to pay some corporate faceless oppressor hungry to use that money and its other ill gotten gains to create further their power vacuum as its means to wield its’ own unjust influence? Think harder.
@legalselfdefense helps to get an attorney with an actual LAW DEGREE instead of trusting scam artist’s on YouTube.
@rickmonoxide2 EVERYONE… LISTEN TO THIS GUY….. YEAH.. GUESS WHAT… YOUR SORRY ASSES WILL HAVE A GOOD TIME WITH THIS SHIT DURING TAX TIME. Yep…. the loss that your sorry asses created to the creditor, is **CONSIDERED INCOME*** according to the IRS and yeah.. you’ll have to pay taxes on it shit heads!!!
@Eraser7622 It’s not the clerk who makes the decision, it’s the JUDGE!! If the JUDGE decides not to continue your case, a judgment can be granted against you. The creditor also has some say so also. If the creditor does not wish to continue the case, they have no obligation to continue the case. Just because you want to watch nickelodeon in your underwear drinking beer and eating cheetos all day doesn’t give you an excuse to skip your court hearing.
@luckyvet THANK YOU!!! THESE PEOPLE ARE A BUNCH OF LOSERS WHO THINK THEY CAN BORROW MONEY, AVOID THE DEBT FOR YEARS, THEN TRY TO ASK FOR A SETTLEMENT????? WTF???? Then they want to complain about how the banks/credit unions are dirty, scamming them, and blame them for all of their problems. These are probably the same losers collecting social security or dissability checks over a fucking paper cut.
@Magyar1960 If you don’t show up to court, you can be held in contempt of court. A “show cause” can be issued where you may have to “show cause” for why you didn’t show up to court. If you fail to appear for a “show cause” hearing, the attorney can issue a capias. Please don’t listen to these losers. They are a bunch of scam artists.
@CreditScoreGoneWild Seriously? What the hell kind of advice is this telling people to wait until they have a judgment? Do you realize that employers, apartments, and jobs which require security clearance will pull credit. Judgments can destroy your life. Also usually when a creditor gets a judgment, attorneys are usually involved and you may have to pay their court costs and attorney fees. Do your homework instead of talking out of your ass.
@rayme4raw Don’t hold your breath.
@jc7622 its usually not the banks that loose the records, it’s the third party collection agencies that transfer your account over to other third party collection companies that loose your paperwork. I know I’ve made some bold comments on this video, but I will at least tell someone the truth instead of lies like this guy in the video. I’ve worked in the financial business, worked for banks and credit unions and I tell you exactly how it works.
@Velcroisaripoff No, you have the debt because you agreed to repay the balance. Don’t blame it on your divorce. You understood that you were equally responsible for the debt just as much as your x-spouse is equally responsible for the debt.