Fraud debt collection, using fear. That’s all it is. The process of confiscation and illegal seizure of money and property starts with the banks’ illegal creation of money and ends with the bottom feeders – the debt collectors who prey on those who are down and out.

[this extract from “Banksters-Gangsters-Traitors” is almost identical to the experience we’re having with the bank. None of this is legal advice. Do your own research.

It’s been 26 months since any “re-payments” have been deposited into the bank account to cover an alleged debt. ]

Debt collectors, comprised of lawyers and debt collection agents feeds on the accounts that have been written off by the banks. The debt collection process starts from the banks’ own collection departments as soon as the account becomes delinquent.

Well, things may have changed. Twenty-three months ago, nameless voices claiming to be from the bank were making phone calls “about an urgent matter”. Since they fail, refuse, or neglect to identify themselves, they are instructed to state the “urgent matter” in writing and send it to the mailing address the bank has on file.

Over the course of about three weeks, the phone rings around 30 times. Many of the calls are answered only to hear a recording of a voice requesting we hold on for “the next available customer service officer.”

Oh, yes, of course. Let us bow and scrape to an electronic transmission device. No thank you. If the matter is of such urgency, then why do we receive nothing in writing?

A typical course of events, the banks’ own fraud debt collection agents start sending written notices and reminders to let you know that you have missed a few payments. And soon after, they let you know that your account is past overdue.

Only, in our case, the bank remains silent. Stops the embarrassing phone calls, but send nothing in writing. Except for bank statements

Fraud Debt Collection

The banks chase the “re-payment” even though they never loaned you any money. And the “loan” is nothing but a scam. A fraudulent scheme to turn you into a debt slave and then confiscate your property. Despite the fact that they never really risked or lost any money in the process.

The banks go through the charade off fraud debt collection. (Not because they’re loaning any money…But because you cannot pay your so-called debts). The real reason is: they don’t want to blow their cover!

So they go on pretending with their fraud debt collection, threatening you in the process. Including that they will report the matter to the credit bureau and thus ruin your credit. Or they’re going to take legal action against you.

Smoke n’ Mirrors

Usually it’s all smoke. Other than reporting you to the credit bureau, if they haven’t done it already. They don’t normally take anyone to court just yet.

Debt collectors cannot take you to court simply because you do not have a contract with them and they do not own the accounts.

The next step is the bank writing off the delinquent account, usually after six months.

Not this bank. 26 months forward, they’re still sending unverified bank statements.

It’s very expensive and time consuming for the banks to do debt collection themselves. So they prefer to throw the account into the “pile”, or the delinquent account database. Just like garbage being thrown overboard from a ship, where the bottom-feeding creatures feast on the garbage.

Once the account is in the database and fully accessible to the fraud debt collectors. These “Collection” agencies sign on the accounts, one at a time, and start their dirty work.

Some credit card companies employ their own debt collection agents and staff lawyers who do nothing but debt collection work.

Automated Debt Collection

With “artificial [un]intelligence, and “robo-debt” software, much of the process is automated. Banks’ computers churn out automated reports, issue letters to their “Collection” agencies. These agencies also use “robo-debt” software to send out anonymous unsigned “debt collection notices” to delinquent account holders.

And hope they’ll scare enough innocent victims to paying up.

Some fraud debt collection agencies actually buy or trade accounts.

What to do when the debt collectors start bugging you.

Number one is:
Never, never ignore them, especially when the banks starts the collection process.

You meet them head on by replying to their collection letters.

Do not reply to them over the phone, this is useless, unless you are able to record your conversation with them.

As soon as you phone, they trick you into a verbal contract. They do this by asking you to volunteer personal information, thereby acknowledging that there is an actual debt.

First thing to do is (dispute) question the alleged amount in writing.

Never admit that you owe the bank anything, because you really don’t. Because they never really gave you any valuable consideration, they never could have lost anything. Once you admit to the debt – you lose.

Ask the people at the bank for a proof of any alleged loss. And also ask them for a certified or notarised copy of the contract between you and the bank. Request that they return the original promissory note or loan application they got from you.

Chances are they do not have it. Why? Because the contract does not exist. There is no contract. What they call a contract is the loan application they took from you. That is not a valid contract. A valid contract must be signed by two parties.

Where’s the proof of Debt?

Did anyone at the bank sign anything with you? There is no such thing as a unilateral contract.

In the case of a credit card agreement, the contract is the credit card holder agreement is nothing but an agreement between you and the bank which enables them to charge you an annual fee for using the card.

But as far as loans are concerned, there is no such thing as a loan contract.

Because if there is, it would not be hard to show that they have breached the contract for non-disclosure of material fact. Or the fact that they have not loaned you any money.

It is very important for you to do these initial steps.

Because you are establishing for yourself the evidence that you can use in a court of law should the banks or their agents (lawyers) decides to escalate the matter and take you to court.

The idea is to accumulate enough evidence that the banks have failed or refused to provide you with any verifiable evidence that you owed them anything.

Once they failed to produce the evidence you need, that in itself should discharge their claim – they have no claim.

Once you have the evidence that the principal or the creditor has no verifiable claim, their lawyers and debt collection agents would not have any verifiable evidence either. So these third parties (interlopers) or agents have no legal standing to bother you.

The biblical principle that says: “no man is greater than his master” applies here.

If the principal has no claim, no one else have any claim, simple as that, so do not be afraid of them.

Fraud debt collection validation

Does a debt exists just because someone says it exists? And if it really does exist, then why would the banks not freely provide the proof?

Request bank to provide three things:
1. validation of the debt (the actual accounting);
2. verification of their claim against you (a sworn affidavit or a signed invoice);
3. a copy of the contract binding both parties.

Write that, “as soon as I received these three documents, I would be happy to pay any financial obligation I might lawfully owe.”

The banks can’t validate the debt because they never sustained a loss;

They can’t verify any claim against you because “you” are not the “NAME” they are billing – more on this later.

They can’t produce a copy of the contract because one doesn’t exist.

What exists is an unenforceable unilateral contract.

While the banks refer to ‘your contract with us’ it’s not a valid bilateral agreement… As the four requirements of a lawful, binding contract were not met on the credit card ‘application’, namely:

1. Full Disclosure
(we are not told that we are creating the credit with our signature);

2. Equal Consideration
(they bring nothing to the table, hence they have nothing to lose);

3. Lawful Terms and Conditions (they are based upon fraud); and

4. Signatures of the Parties (corporations can’t sign because they can’t contract – they are legal fictions).

Credit cards are win/ win for the banks and lose/ lose for everyone else – it is the slickest con game on the planet

Name the verbal contract

The District Court ‘Judge’ asked me my name. I responded,

“If I tell you, will I have entered into a contract with you?”

He became irate. I knew I was onto something. He furiously said, “I’m going to ask you again; what is your name?”

I said the same thing again and was literally, bodily tossed from court. On my way out I told the bailiff, “I believe I hit a nerve.” I was ecstatic.

As it turned out, I had indeed hit on the only issue which matters.

Contract Law is the only law.

There is no Constitutional Law, Bill of Rights, Charter of Rights and Freedoms, no codes, rules, regulations, ordinances, statutes, or anything else which most people think of as ‘law’ which applies to free, sovereign
people.

They all apply only to corporate entities.

There is only one law which applies to us: the law which protects the life, liberty, rights, and property of all living souls.

That which causes us to think that all these ‘laws’ apply to us is the contracts/ agreements we have made, either wittingly or unwittingly.

If there is no contract there is no case. Contract is the law. Contractual Financial Liability is all that matters; it must be proven.

What loss could they possibly have sustained?

Is you bank out any $$$? No, its books are balanced since they were electronically credited by the ‘other’ bank (there’s only one bank).

Is the other bank out any $$$?

No, the note with your signature is their credit. So their books are balanced.

Are your books balanced? Of course! Your debit is your signature and your credit is the cash.

It is all just (smoke n’ mirrors) bookkeeping entries.

Who owes what to anyone? The transactions are complete. It’s simply an exchange of debit/credit.

Why give them anything more than what you already gave them – your signature? Which is by the way, by far more valuable than $3,500. Because they will lend funds against your signature many times, earning them, depending upon the rate of interest, at least 9 times that amount.

This is called ‘fractional banking.’ And their lack of full disclosure about this is called ‘bank fraud’.

So in fact you do them a huge favour by “selling” them your signature.

Double Dipping Debt Collection

The debt collection agents inform you that you’ve not ‘re-paid the loan’. This is called ‘double billing’. It is fraudulent.

In exchange for using notes belonging to bankers who create them out of nothing, based on our credit, we are innocently agree to repay in substance – our labour, property, land, productivity, businesses, and resources – in ever-increasing amounts.

Your signature is worth whatever you say it is at any given instance.

For example, you sign for $10,000 credit with XYZ Bank. They “sell” your signature for who knows how much.

After using all the credit you had created, you discharge their debt.

Yes, their debt; you allowed them to use your credit, via your signature, and they created the debt in order to balance their books.

Now they want you to send them over $11,000.

So, ask them to send you a copy of the contract between ‘NAME’ (the name in upper case letters) and “XYZ Bank”.

Guess they can’t find it … maybe because it never existed.

When we asked the bank for validation of the debt (record of their accounting) and verification of their claim against us, they fail, refuse, or neglect so to do.

Each time they try and scare you into sending them “money”, ask them to state their claim in writing, with an authorised signature.

Who, at the bank, is dumb enough to put their name to any false claims?

No one. That’s one reason they don’t claim ownership, or authority, for the document the bank sends out.

What does this tell you? They had no valid claim.

Tell them you’re willing to pay any obligation you might owe, if they could provide proof of their claim.

They will not. They’re incapable of substantiating their claim.

The Truth Will Set You Free

We’ve never received anything from the bank suggesting that the manner in which we’ve paid them is insufficient, unacceptable, improper, or failed to discharge the debt.

The ‘contract’ with them is invalid because there was no full disclosure – one of the requirements of a valid contract.

Do the people at the bank clearly explain that they’re in the business of perpetrating fraud upon unsuspecting people?

Since most people are willing to have their funds fraudulently confiscated, the bank will generally leave people who “have the knowledge” well alone.

The banks don’t want to let the cat out of the bag. It would mean the demise of their racket, not to mention the entire economic system.

But isn’t this what we want? It isn’t working for us – 99% of the world’s population; its only working for them – 1%. Collecting (fraudulent) debts, and mortgages foreclosed as rapidly as possible.

When through the process of law the common people lose their homes, they will become more docile and more easily governed through the strong arm of government applied by a central power of wealth under leading financiers.

These truths are well known among our principal men who are now engaged in forming an imperialism to govern the world.