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Saturday, 23 January 2010

Write Off Debts Lawfully - Help Others Do the Same

In these times of Credit Crunch and tight Purse Strings, how would you like to have a Business that allowed you to help people with Debts. Do you think you would be busy? Would this be recession proof?
Here is the background:
When a Bank or Financial Institution lends you money they take money from their own reserves or the Depositors money held in Trust and make this available to you on the condition that you pay it back with interest, Correct? NOT SO!!!!
What actually happens is that when you apply for a loan, this application is then converted to an IOU (I Owe You) / Negotiable Instrument, which in the eyes of all parties involved (except you - you ignorant fool) has the value of the amount written on it. So the bank takes this and enter it into its accounting ledgers as a deposit, or sells it for the stated value and enters the value received into it's accounting as a deposit. Now the Bank owes you money.
To balance it's books the bank now releases into your account credit to the stated value. Now the books of the bank are balanced. No one owes anyone anything. But they do not tell us about this, if this became widely known the whole scam would fold - and we are starting to see the effect of this game already with the Credit Crunch.
Next you have to repay the whole amount again plus interest! You can see what an exceptionally profitable scam this is. If you or I did create money out of nothing, we would soon be in jail for counterfeiting. But the Banks have bought the Politicians and control the Courts, so they have made this kind of legal.
But there is a catch in their system. They did not disclose this to you when you signed for the "loan" so the Contract is not valid. There are a few more things that they normally omit, which makes it possible take them on and win.
Also, did you know that the Debt Collection Agencies have no legal leg to stand on. One can just refuse to engage with them - as long as one makes this known in writing and stands ones ground they will eventually back off. Do not talk to them. Ask them to prove their case and admit to nothing. Do not ever agree that they have any rights to collect or that you owe anything. If you do, you have agreed that they can extort money from you. They will have that on tape and make a transcript of it. They might use this against you in court.
If you want to learn more about this and get in contact with a Group that can help you to legally challenge Debts or Introduce others in need to the Group, follow the link.
http://www.debtfree.mekeda.co.uk
Let this be your first step on a road that will lead to greater freedom than you ever thought possible, while earning a good or exceptional living. You will even learn how to lawfully deal with the Tax man, Fixed Penalty Notices, etc.
Kent Bengtsson
Kent Bengtsson has spent considerable time researching how money are actually created in todays world and the legalities surrounding this. The Banks, the Governments and the Courts are actually colluding to mislead us and make us pay for money we actually do not really owe. He has put this to test with his own loans and Cards, and found that it does work.Go to:
http://www.debtfree.mekeda.co.uk for more info.
Article Source:
http://EzineArticles.com/?expert=Kent_Bengtsson

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