So is it time for us to all default on our credit cards yet?

[FlyingSquirrel]

Just let me know, I'm ready!

:think:

[1]

1. i'm in...

what do i have to do?

[FlyingSquirrel]

3. nothing

that's the point :P

[Lex]

2. I gave up credit cards long ago.

[bkkyosemite]

4. Let's all do it at once...1...2...3...GO

:popcorn:

[FlyingSquirrel]

6. but I just paid some.

[bkkyosemite]

11. then have some popcorn cuz it's gonna get ugly out there when people get fed up.

So here is a scenario so you get tired of eating food grown in China so nobody goes to the store for 1 month what do you think the stores will do.....to get you back coming into to shop...so you don't pay your credit cards (all of you) and what do you suppose will happen...either they grapple or they lose......we can play dirty too......

[lonestarnot]

21. We have an opportunity to own them, but we will let it pass by without a peep, just like every other

opportunity. sigh... pay that interest slaves!

[Fire1]

31. don't hold your breath.

[leftstreet]

5. Some people won't be able to make a 'choice'

It's happening and it will continue to happen

[FlyingSquirrel]

7. I may be in that category soon

Unfortunately, I have nobody to blame but myself for losing my job.

:dunce:

[Cronus Protagonist]

8. Done it already

Once you get one judgement, the rest comes easy. Freedom's just another word for nothing left to lose.

[1]

12. but they are just civil court judgments, right? the kind you can ignore...

they can't really do anything but harass you, right?

[flvegan]

17. Honestly, depends on your state's real property and homestead rights.

[Cronus Protagonist]

23. They could seize my bank accounts

That won't be worth it anyway. And if they do that, I will open one at some obscure bank they'll never think of in a million years.

[TahitiNut]

Ditto.

[the other one]

9. Go for it.

I'm thinking of it, but thanks to our beloved VicePresident, credit card default will follow you for the rest of your life.

So unless (until?) the rest follow you, you can count on being totally fucked for the rest of your life.

[FlyingSquirrel]

10. Really?

Hadn't heard about that. Is that part of the bankruptcy bill?

[bkkyosemite]

13. The minute someone files bankruptcy they are sending lots of pre qualified cards...what a slave

driven bunch of creeps who love doing what they do..it's time for payback. Or should I say no payback.

[earcandle]

18. only if you refuse to learn to live on a cash basis and need their cards again

[ORDagnabbit]

14. been there done it and a car note as well...now I'm doing a premptive on the mortgage and asking to

see the original promissory note in person....Getting the run around imagine that. Mister lawyer will be brought in shortly for a show it or eat conversation with the bank.


and the result so far....

10k+ credit card debt written off
car free and clear

its all fake money out of thin air created on a computer and removed on a computer

moneyasdebt.net you can watch on you tube in 5 parts

[Beartracks]

15. Written off?

How did you get the CC debt written off?

[ORDagnabbit]

20. the basic outline of it

theres couple of ways heres two I used....

1. call em up and ask them to lower the amount you owe by X amount and follow up with letters until they give in

or

2. ask to see your signature on the original note for your CC or you'll stop payment. Stop paying (they will never have the original note/contract with your actual signature) more often then not the amount is sold to a collection agency and written off the books at the CC company. You deal with the CA by sending a simple validation letter (they are never able to validate because nobody has the right paperwork) and if it makes it to your credit report you take the CA to small claims court and send a basic validation letter for removal of unverifiable info from your credit report to the CRA and if they dont remove it from your credit report you take them to small claims court.


here's a nice validation letter to play with
http://www.creditinfocenter.com/forms/sampleletter9.shtml

[FlyingSquirrel]

22. How did this affect your credit and your life?

[ORDagnabbit]

41. Life is awesome and credit is fine. you just have to do the follow through of removing or keeping

it off your credit report.


its all a game man once you learn that its easy to free yourself.

[SammyWinstonJack]

28. How did you get a car free and clear ? I honestly would like to know.

Thanks in advance.

[TwixVoy]

44. Easy

Basically he walked in to a car dealer, found a new car he really liked and wanted.

Then he promised if he borrowed money to pay for his nice new toy he would pay it back. After that he bold faced lied, kept the car, and didn't pay for it.

In other words he is a thief.

[ORDagnabbit]

45. hey mister bankers voice why dont you let me answer... take your fake morality and shove it up

the banksters asses...cause they need it more than we do

[ORDagnabbit]

46. back about 5 years ago I asked to see the orginal note on the auto

they couldnt show it so after I stopped paying them I offered them a deal they couldnt refuse.

Option 1 was Mister lawyer funded by a righteously angry man who finally understood how rotten the banks were and was willing and smart enough to go all the way to get justice.

or

Option 2 was how bout we dicker about what would be fair to clear the title.

They opted for Option 2
I ended with giving them a 3 grand check and calling it even. 3 grand vs 16 grand sounded like a deal.

theres so many cars on the market and nobody is buying them. Call your banks, send certified letters demand to view original notes and back it up with mister lawyer.

moneyasdebt.net you can watch it on youtube in 5 parts its 47 minutes long and takes what I spent years learning and makes it easy to understand and view.



btw heres a great view from 1934 on the federal reserve
http://home.hiwaay.net/~becraft/mcfadden.html

[Imagevision]

16. Call credit card companies and simply tell them, no more cash - waitin line like the rest...

[earcandle]

19. Yea, I suggested to one collection caller that I would claim

bankruptcy if I had the $1300 to do so, but you know what he
said?

Nah... don't do that.  That will last ten years.  If you can
just wade through
the calls, this will be over in 2 or 3 years.  I told him I am
trying to trade
my labor with the banks.  After all I am an accountant.

But I told him no one will take me up on it because I will
probably teach the kids how to be real independent critically
thinking Americans!  He laughed and wished me luck.

It isn't so bad.  Be nice to them, tell them you are sorry,
but this is what it is.  You hope to be bailed out just the
the banks.  But raising rates like they are is like putting
salt in your wounds, I tell them.  Most agree.  Hey... people
are people if you talk to them and just tell them the truth.


no biggy.  we have no debtor's prison.  In fact Bankruptcy
used to be considered a privilege declared by law to find a
way out after having been ravaged (duped) by a brutal sales
force.  

But the banks... hmmmm they should be forced to eat it,
don'tcha think?

I told them, I have no money for banks right now.  My survival
is more important.
They cannot argue with that, and verify that I am not alone. 

[Birthmark]

24. What's a credit card?

I didn't know they still made the damned things.

[earth mom]

25. Yep, and we should stop paying federal taxes too if we really want to stop this b.s. cold. nt

[TBF]

30. That's harder, if you have a bank account they'll find it and put a lien on

it, but credit cards you can do more easily, depending upon where you live.

[The Backlash Cometh]

26. Why would you ruin your own credit rating?

If you want to hurt the credit companies, just pay cash instead of using credit.

[we can do it]

27. That Will Really Help Things

[TBF]

29. Move to Texas first.

Look up the consumer laws in Texas. I don't advocate doing this, but if you're going to do it you want to choose a state where they have a lot more difficulty going after you. They are forced to take you to court here. You need to know that it also ruins your credit score, but that can be rebuilt.

[sinkingfeeling]

32. Tell how is not paying your credit card debt any different than robbing the local store?

[Fire1]

33. While you're at it, tell how credit card companies are any

different from loan sharks.

[Lance_Boyle]

34. they don't break your knees for defaulting on your valid debt?

I hate seeing debt default glorified here. "I got my debts canceled and my car free and clear just by refusing to honor my contract!" Good for you, scum. You signed up for the card, you used the card, maybe abused the card. Take the consequences, or take the money and run, like a thief. Don't expect a pat on the back from those of us who honor our contracts.

[sinkingfeeling]

35. Credit card companies tell you what they will charge you in interest and how much your minimum

monthly payment will be. They tell you the penalty for charging more than your credit limit and for making a late payment. They tell you how many days you have to make a payment and the date the money must be in their hands for the payment to be credited.

No one forces you to use their cards.

[Fire1]

37. These Co.'s also RAISE the interest for no apparent reason

(when the card has NOT been in use and 0 BALANCE) to some scandalous rate! Loan sharks don't 'force' you to use them, either. They also tell you when your payments are due and with them, there's no chance of 'exceeding your limit.' For all intent and purposes, destroying a person's credit is the equivalent of 'breaking your knees.' Outside of one being legal and having the backing of the government and the other being 'illegal,' I see no distinction.

[sinkingfeeling]

39. And someone who refuses to pay their debt and someone who holds up a store are also no different.

Both have taken things that they didn't acquire legally. And so what if the interest rate goes up on an unused card?

By the way, the credit card companies didn't destroy someone's credit, the person that used the card didn't pay the money back according to the contract they signed, destroyed their own credit rating.

[Fire1]

40. That's the answer to your question re: the op. Not the answer

to my question.

[L0oniX]

36. Pay them off and then relegate them to auto paying utility bills.

1 Dish Network, 2 water sewer, 3 electricity, 4 internet, 5 Vonage, 6 gas. Keeps your cards active for the bills you have to pay every month anyway.

[michreject]

38. If GM declares bankruptcy, I will

It would leave me no choice.

[librechik]

42. Just waiting for the Bat Signal!

[TwixVoy]

43. You are a true patriot

surely of the same order as Ben Franklin and John Adams.

Nah. Your first mistake was deciding to swipe that card for shit you couldn't afford. You locked your own ball and chain.