Debt Collecting sheep in wolves clothing, using fear and threats to recover alleged debts, that most people blindly accept.

What follows below is not legal advice. Neither is anything written here to be taken as financial advice. Take responsibility for your own actions or lack thereof. Do your own research, make your own decisions about handling debt collecting..

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 collecting wolves who prey on those who are down and out.

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

The banks’ own collection agents start sending written notices and reminders to let you know that you have missed a few payments or soon after, they let you know that your account is past overdue.

They still have to do this in spite of the fact that the banks actually never loaned you any money. And the loan was nothing but a scam.

A fraudulent scheme to turn you into a debt slave

The bank moves to confiscate your property despite the fact that they never really risked or lost any money in the process.

They go through the charade. Not because the bank has lost any money or that they could lose the money. Or even because you cannot pay your so-called debts.

The real reason is they don’t want to blow their cover!

So the bank debt collecting team go on pretending, threatening you in the process. Tactics like saying they will report the matter to the credit bureau and thus ruin your credit.

Or that the bank is taking legal action against you.

Usually it’s all smoke.

Other than the fact that they will report 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.

The reason is, it is very expensive and time consuming for the banks to do debt collecting themselves.

Therefore banks 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.

Now the account is in the database and fully accessible to the debt collecting sheep. So the debt collectors sign in on the account one at a time and start their dirty work.

Some credit card companies employs its own army of debt collecting agents and staff lawyers doing nothing but debt collecting.

These corporations seldom use outside collection agents to do the dirty work, they prefer to do it themselves.

When the debt collecting starts bugging you.

Most banks however simply assign the debt collecting work to the debt collection agencies.

Some collection agencies actually buy or trade accounts.

Number one
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’re able to record your conversation with them. Even then, don’t admit anything.

First thing to do is dispute the amount in writing.

Never admit that you owe them anything because you really don’t.

Because they never really gave you any valuable consideration, they never could have lost anything.

You have to ask them for a proof of loss.

Also ask them for a certified or notarized copy of the contract between you and the bank

Ask them to 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; the bank never signed 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. It’s an agreement between you and the bank allowing them to charge 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 collecting the evidence.

This is evidence you can use in a court of law. That’s if 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.

Evidence of Debt to collect?

Once you have the evidence that the principal or the creditor has no verifiable claim, what happens?

Their lawyers and debt collecting agents don’t have any verifiable evidence either. And therefore these third parties 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.

Request bank to provide three things:
1. validation of the debt (the actual accounting);
2. verification of their claim against me (a sworn affidavit ort 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 me because I am not the NAME they are billing – more on this later.

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

or is it an unenforceable unilateral contract?

Collecting the debt

What the banks refer to as ‘your contract with us’ is not a valid bilateral agreement.

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

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.

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 my 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 returned cheque with my signature was their credit.

So their books were balanced.

Were my books balanced?

Of course! My debit was my signature and my credit was the cash. It is all just bookkeeping entries.

Who owes what to anyone?

The transactions are complete. It was simply an exchange of debit/credit.

Why would I give them anything more than what I already gave them…

My signature, which is by the way, by far more valuable than $3,500…

Because they will lend funds against my signature many times, earning them, depending upon the rate of interest, at least 9 times that amount.

This is called ‘fractional banking’ and their not apprising me of this is called ‘bank fraud’.

So in fact I do them a huge favour by selling them my signature.

They inform me that I have not ‘repaid my loan’.

Double Billing

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 forced to repay in substance – our labor, property, land, productivity, businesses, and resources – in ever-increasing amounts.

My signature is worth whatever I say it is at any given instance.

So, I sign for $10,000 credit with the Bank.

After I use all the credit that is created, I discharge their debt.

Yes, their debt.

I allow them to use my credit, via my signature.

And they create the debt in order to balance their books.

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

I ask them to send me a copy of the contract between ‘MARY’ (the name in upper case letters) and XYZ Bank.

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

I also ask them for validation of the debt (record of their accounting)…

And verification of their claim against me, since what I am called (Mary) is nowhere on the alleged contract.

They begin to telephone asking me to send them $$$ yet never put anything in writing.

What does this tell you?

Debt Collecting a valid claim?

I tell them I’m very willing to pay any obligation I might owe, if they could provide proof of their claim.

They do not.

They fail in providing written evidence of substantiating their claim.

A piece of paper with numbers on it, called “A Statement” is not proof of the existence of any debt.

I never receive anything from them suggesting that the manner in which I had pay them is insufficient, unacceptable, improper, or fail to discharge the debt.

Besides, I did pay them; in fact I paid them more than double.

They had my original signature and I also sent them another signature attached to the final amount they claimed I owed them…

Not to mention a few hundred I send while I’m busy “swiping” or “tagging” the card…

So they make a killing off me.

If they have a legal leg to stand upon surely they will write to me…

And perhaps send their ‘legal counsel’ after me.

So the debt collectors threaten, by the way, but only over the telephone, never on paper.

Idle verbal threats have no lawful clout.

Who is at fault?

The ‘contract’ the bank believes is in existence, is invalid. Because there was no full disclosure – one of the requirements of a valid contract.

It’s not spelt out to me that the banksters are in the business of perpetrating fraud upon unsuspecting people.

Since most people are willing to have their funds fraudulently confiscated, they generally leave people like me alone.

They 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.

Source: Banksters – Gangsters – Traitors