Debtors Revolt M Beginning

Im in the same situation, where Im in debt & in collections. I don't own property but I am renting an apartment with room mates. At one point without thinking I was going to be in the situation I am in today, I changed my contact number to my cell phone which I always have on silent which helps so that I don't have to deal with the constant calls.
I came to peace with the fact that I will never be able to buy a house, never planned to anyways. The best thing I could recommend is to start to cut the expenses. I have my own room, I make $8.00 an hour but I am more happy now than I used to be when I was making $14 an hour.
Put your foot down as I have and say enough. Live Free. Live Well. Live!

THIS IS NOT LEGAL ADVICE.

The banks don't need "creditor's insurance", because the 'money' they gave you, was created out of thin air in the first place. If the bank reached a point where they weren't getting more money back from scared debtors, they would have to freeze and recall all their loans instantly, or incur a massive loss on their revenue stream.
All you have to do is serve notice upon the banks, asking them to show evidence of your 'obligation to pay', and put an ultimatum of 14 days, if they don't provide evidence, then they acknowledge that you have no debt to them, and they agree to cease contacting you.

Look into 'sovereignty' and 'Robert Arthur Menard'.

reply to post by poedxsoldiervet


You tried asking them to meet halfway in re-arranging your debts, well done, when you are driven to stopping paying at personal cost, not just money but also emotional and psycological stresses then you have done what you could , they are the ones that refused , laughed and hung up on you.
You have tried your very best to explain the situation you were in and in asking for help or at least a pause to get back on your feet , the banks though they could run roughshod over you and treat you like scum.
They philosophy is treat 'em mean , keep 'em keen, they think that because you have had to take out a mortgage or credit card to live and survive that they can treat you like a piece of poop.

Fair play to you for refusing to dance to their tune, let them threaten you and if and when it goes to the courts and it will go to the courts then you can explain to the judges or jury depending on where you end up, that you tried your very best to come to some sort of arrangement that would benefit both parties , and because you didn't get ,not only a package that suited your predicament but also because you got treated uncivily and with derision that the emotional stress placed on you and your family would have been unbearable, I'd suggest counter claiming for emotional distress caused by the banks refusal to meet halfway , and for their rudeness is laughing at you and hanging up when you clearly tried to reach an agreement to make both parties happy, they didn't want to know and clearly made it obvious that they thought they were right , and that they owned you.

GXood luck, maybe you should do a video on youtube like that other woman did, she at least got a response from her banks, maybe we should all stop paying , tell them who's really in charge.

reply to post by Exuberant1


the fair debt collection act goes much further. you need to go to the library to get the full act. they willl have a phamphlet for you,or will direct you to the federal law book it is listed in.

there are other things that it holds the colector to,such as not contacting you more than 2 times a week. they cannot call you outside of 8am to 9pm in what ever time zone YOU live in. i got out of a 6,000 dollar debt by being called repeatedly at 7am central time,when they called from eastern time.
also if they threaten you with legal action,they have 5 days to notify you in writing that they intend to do so,once they have said it. they then have 30 days to file on you,and if they don't you can sue them for harassment for not doing either one.
i ran a collections department for comcast in philadelphia and had to know this stuff to supervise the dept. i collected equiptment from disconnected customers.

the collector faces a $1000 fine for each violation, so record the calls. it's worth it.
also a collection agency cannot persue a debt, if it lapses for two years and you are not contacted. they must keep caling you about it.

hopes this helps everyone,but don't take my word for it, go to the library and research so you can be armed with the law!!!


[edit on 2-10-2009 by Spectre0o0]

[edit on 2-10-2009 by Spectre0o0]

reply to post by washingtonsghost


I do get what your rambling on about, trust me. I too have seen the movies, read the articles and I agree banks are ruining our country, its all a government hoopla all that jaz..

BUT

If you entered into a contract knowing full well what goes on behind the scenes, still took their money, spent it then called foul when you couldnt pay it back.. sorry, i dont look at it as the banks fault.

also the original lender sells your account to a collection agency. and its for pennies on the dollar. so when you deal with these people,keep in mind that they are trying to get ANYTHING THEY POSSIBLY CAN. even $25 is a profit.
the origial lender is usually insured against your default.
they jacked your intrest rates up because they knew you were going to defaut,after you told them you were,because if you paid,they were in luck. the second reason is when they sell your delinquent account to the collection agency, it's worth more.
they sell it for a percentage. so they get more. nice game,huh?
learn to play or pay!!!!!!!!

and what really ticks em off is asking to see the original receipt for the transaction. a collector won't be able to. tell them you don't know who they are and to produce the proof of the debt. you can have a lot of fun with that one!!!





[edit on 2-10-2009 by Spectre0o0]

OK this is what you do.

Screw the main mortgage. Screw every bill you have. Sell your cars to your wife or who ever has the lest dept. If your cars are financed buy a used one and fix it up make sure it's in the name of some one who has no dept like your son if you have one. If you are worried about where you will live buy a used motor home again make sure it's under a secure name.

Take all your money and buy a really soft cushy mattress with it. "Wink, wink".

File for bankruptcy.

This is only the beginning. Get set up while you can.

TA!!

Izzy.

In my country they can evict you for any amount of money, take your stuff etc. - if you can't pay the credit, police can take your stuff, jail you etc. That usually doesn't happen, most people can get away though. Also, first thing they can do is just ban your monthly wage to which we legally agree here.

Originally posted by sticky
HOLY CRAP..
How did I quote your post before you posted it? NOW THAT.. is scary!
(EDIT) I see the light... twas a double post

TO: Creditors, oo0oo (here is my image for you)
[edit on 1-10-2009 by sticky]

lolZ ! double star for you.
er ... nocantdodat, sorry.

reply to post by poedxsoldiervet


good good , this is what you americans deserve for murdering innocents across the world and spreading propaganda and i hope you get worser for your karma

reply to post by PenandSword


My taxes are taking out of my paycheck, I cant get away with out paying taxes or else I already would have done it-)

reply to post by poedxsoldiervet


My dear old Dad, rest his soul, always said, if you owe the bank a hundred dollars, and can't pay it, You had a problem.

If you owed the bank a million dollars and can't pay it, the bank had a problem.

Send your creditors registered letters and advise them that their interest rates amount to usury and you can no longer afford to pay them due to a change in circumstance and advise them that all communication on their outstanding balance must be in writing to your attorney. Hire an attorney to acknowledge and catalog these letters. It won't cost that much but be up-front with your attorney. Keep your mortgage current though. I don't advocate homelessness as a way to stick it to the man.

These songs were written in 1970 just after Neal Armstrong walked on the moon. The irony is that they now apply to all, not just the poor blacks.

www.youtube.com...
www.youtube.com...

Maybe he should update them to reflect that banks were bailed out at taxpayer expense then turned around and stuck it to the very people that bailed them out. Something is going to change. The winds of change are blowing and its already happened to the mainstream media. They are irrelevant now and the only people watching are in a coma and can't change the channel. The banks are heading the same way.

Originally posted by sadchild01
reply to post by poedxsoldiervet

 

good good , this is what you americans deserve for murdering innocents across the world and spreading propaganda and i hope you get worser for your karma

What can be said? Such a horrible comment from some one who is obviously suffering from apathy and cynicism. All I can Say is that Babies are born here in the American Federal Empire too...and it is not right to blame the Citizen as it is the Government that is foul.

We are not our government. We have not been for a long time now. We would like to believe we are...but that just is not the case. Not anymore.

I don't understand why people even have credit cards in the first place
all you are buying is mostly junk from China
this means you are exporting your own job
buy local products pay cash or barter it is possible
spend some time in the country side or on a farm
and go back to basics do you really need all this useless stuff

you don't need greedy banks
hopefully people are waking up

Originally posted by sticky
This is easy you guys.

I've owed more then 45K for over 7 years now. I gave them all the finger that long ago. I even ended one call for a 5K credit card with, "sue me".

Most of the time I tell this story, the replies I recieve are "you are the problem with society". Well, as we all are starting to see. I'm a pioneer in the war on economic slavery.

7 years have passed, I haven't even paid one cent. I still get the phone calls constantly, and just ignore them. Each year the settelment amount goes down. haha!!

I'm waiting to get sued... Although it never has happened.

These institutions are certain you are afraid of ruining your credit. I believe this is why you see credit report commercial on every channel.

I am very proud of you, make them sue you.

[edit on 1-10-2009 by sticky]

You borrow a bunch of money and live beyond your means and then you blame the people who lent you the money even though you knew up front that there would be interest etc etc?

You ARE the problem even though you think you're some kind of crusader.

You and millions of others have acted improperly in what you borrowed vs what you could afford to borrow.

If you actually were not financially illiterate as you appear to be, you would get a consolidation loans and go about the orderly payment of your debts.

It's frustrating to hear people like yourself whinging on about how they are being done over when it is YOU yourself who put YOU in the situation you're in.

this sense of entitlement is what is the problem.

Simply ignore the calls ,assign a "Creditor" tag to each number that calls you then you can see if the call is from a creditor.
If they do not send any registered letters,then there is nothing they can do. You must be notified in writing(by registered letter) of any court filing for any judgment against you.
If you are like me and on unemployment,the creditors cannot get a judgment against your unemployment so that is safe,have your unemployment or paycheck sent to a out of state bank account(Green Dot debit card).

Originally posted by Awakened2012

I changed my contact number to my cell phone which I always have on silent which helps so that I don't have to deal with the constant calls.

A lot of people don't know this, but if a creditor calls you, tell them your only contact number is a cell phone.

If it costs you money for them to call you on a cell, you can request they stop callling you at that number.

They are already trying to collect money from you, and they can't cost you more money trying to collect the debt.

reply to post by poedxsoldiervet


im just curious but how do the student loans work in america? im british and here in england us students pay back 9% of what we earn over £15,000...if i was to lose my job suddenly..the student loans company stop charging me untill im back earning £15,000 again. is it not similar in the states? and also...havent you had the debt collectors round your house yet? you know those guys who barge into your home and just walk out with your 50 inch plasma or your digital surround sound lol...i thort thats wot happens??

A lot of 'what they might do' depends on which state you reside.

I ignored a Discover Card bill for $2300 and it came to me in person with a very soft knock on my door one night and I answered and was handed a lawsuit.
Or so I thought. It look just a real lawsuit but it was for mediation because the line for the docket is so long. It had taken over eight months to serve me from the time the law firm that represented Discover got the permission to do so.
I settled with a down payment and made monthly payments and the debt is now gone.
But don't kid youself that you can walk away from CC debt. There is so much paper out there that law firms will come after you at one point. The nightmare will begin if they get a judgement and collect via garnishment. I saw next to a guy that was in garnishment at one company. In Florida they can take 25 percent of your wages if you are single, if head of household with dependants they can't touch you.

The best way to revolt against creditors is to .....Stop. Accruing. Debt.


Seriously. Stop it. Stop the credit cards, stop the timeshares, stop the expensive brand new cars, stop eating out every day for lunch and/or dinner, stop the 64 gazillion inch plasma tv screens, stop the multiple vacations a year, stop the most expensive cable/data/phone package, stop the $bijillion iphone/googlephone/ultramagniterriawesomephone, stop the jetskis, stop the designer clothes/prada bags/jewelry, stop the wild vegas nights, stop the drunken club outings, stop the skybox seats, stop the top of the line computers, stop the porn subscriptions, stop the cruise trips.

Creditors owe you nothing because YOU CHOSE THEM! YOU chose to use them. They did not force you at gun point to spend your hard earned money on things you felt you "needed". They didn't sit you down and hold a knife to your neck and force you to NOT save money for emergencies. They didn't kidnap your firstborn/parents/beloved family pet and demand that you live above your means. They didn't chloroform nap you, tie you to a chair and beat you mercilessly until you signed their contracts.


.....you danced in line to get the things you enjoy from the very same people you now want to despise.

After accruing debt and losing a job, it's not the time to be proud. It's the time to grit your jaw and burn the candle at both ends doing what needs to be done. Take responsibility for your own spending.


I spent last weekend delivering phone books to neighborhoods and earned enough extra money outside of my full-time job to buy 4 deperately needed tires for my car. What did you do help your situation last weekend?