tag:blogger.com,1999:blog-43934408711908129672024-03-20T04:51:36.729-07:00Debt Suspension RightsCredit Card Debt Suspension Insurance Premiums REDUCED by 2000%, IMPROVED Reverse Mortgage Options, <br> INVOLUNTARY Credit Card Default Rights, a NEW STOCK MARKET for Main Street.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-4393440871190812967.post-89669036365205514522020-03-14T03:01:00.002-07:002020-03-15T00:50:52.898-07:00Trump Administration to freeze student loan debt, just as was posted on this site one day earlier.<div style="text-align: justify;">
<span style="font-family: "trebuchet ms" , sans-serif; font-size: large;">Six years ago I started a petition to encourage our government to freeze interest rate charges on existing credit card and student loan debt after a certain amount of time.</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif; font-size: large;">On Thursday, March 12, 2020, <a href="http://debtsuspensionrights.blogspot.com/2020/03/debt-suspension-rights-why-not-freeze.html" target="_blank">I posted a new article on this blog to see interest rate charges on student loans be frozen,</a> </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifgqmq8Hn5QOrZVQpE1PLG-srpL1r29Tnj2MMwLRiZc4sOwTUfYa3Baz790YHsQAVzw3SbfXc2m7eZM6Ax2XUjKQ0M7aHvZ8e5BjZT-px8WtYKrTdtW3eFYfkCiovTu_MuXH1vMY87Z1s/s1600/Screen+Shot+2020-03-14+at+3.09.08+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="693" data-original-width="798" height="276" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifgqmq8Hn5QOrZVQpE1PLG-srpL1r29Tnj2MMwLRiZc4sOwTUfYa3Baz790YHsQAVzw3SbfXc2m7eZM6Ax2XUjKQ0M7aHvZ8e5BjZT-px8WtYKrTdtW3eFYfkCiovTu_MuXH1vMY87Z1s/s320/Screen+Shot+2020-03-14+at+3.09.08+AM.png" width="320" /></a></div>
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<span style="font-size: large;"><span style="font-family: "trebuchet ms" , sans-serif; text-align: justify;">and the </span><a href="https://www.politico.com/news/2020/03/13/trump-administration-student-loan-payments-suspension-128181?utm_source=quora&utm_medium=referral&fbclid=IwAR3T7C3qzh8WMSB2HnHu7z4OA5L75luV1v7BHOjOUFd7M1rBxvR9emi-LfQ" style="font-family: "trebuchet ms", sans-serif; text-align: justify;" target="_blank">Trump administration proposes freezing interest rate charges on student loan debt the VERY NEXT DAY, March 13, 2020!</a></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif; font-size: large;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikNVvYG7w0XcDcPjoQdTzJv07VtaqVZ2H2q61tyqn3GTG0A0PBxtrzSyjOjNB50fT8xjl67sWE93O7g72yy6nesVfJ3U8Fj1iEHjAShyphenhyphengEMlbQFrZiCBB3z4v9z3n7ckRpxJwgWdZr4cM/s1600/Screen+Shot+2020-03-14+at+3.03.42+AM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="712" data-original-width="833" height="338" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikNVvYG7w0XcDcPjoQdTzJv07VtaqVZ2H2q61tyqn3GTG0A0PBxtrzSyjOjNB50fT8xjl67sWE93O7g72yy6nesVfJ3U8Fj1iEHjAShyphenhyphengEMlbQFrZiCBB3z4v9z3n7ckRpxJwgWdZr4cM/s400/Screen+Shot+2020-03-14+at+3.03.42+AM.png" width="400" /></a></span></div>
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Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-61808105350209757602020-03-12T02:59:00.000-07:002020-03-12T02:59:13.032-07:00Debt Suspension Rights, why not freeze interest rate charges on long term Student Loan Debt?<div style="text-align: justify;">
<span style="font-family: Trebuchet MS, sans-serif; font-size: large;">Why not offer student loan packages that "time out" interest rate charges after a certain amount of years? Once the interest rate charges have timed out, the loan can be paid off dollar by dollar with no more interest rate charges that are presently creating perpetual debt.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif; font-size: large;"><a href="https://www.change.org/p/united-nations-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans" target="_blank">Sign the Debt Neutrality Petition,</a> let's create a middle ground that creates a future possibility for eliminating debt over time. Imagine if Debt Neutrality had been created 5 or 10 years ago, how many people it would have already helped.</span></div>
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Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-11011467445666552822016-11-07T05:52:00.001-08:002016-11-07T05:52:10.455-08:00Forbes Article Proves Donald Trump could face Income Tax Fraud Charges and Billions in Penalties if Trump loses the 2016 Presidential Election to Hillary Clinton.<div style="text-align: justify;"><span style="font-family: Trebuchet MS, sans-serif; font-size: large;"><a href="http://dailypuma.blogspot.com/2016/11/forbes-article-proves-donald-trump.html">Forbes Article Proves Donald Trump could face Income Tax Fraud Charges and Billions in Penalties if Trump loses the 2016 Presidential Election to Hillary Clinton.</a> </span></div><div style="text-align: justify;"><span style="font-family: Trebuchet MS, sans-serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><span style="font-family: Trebuchet MS, sans-serif; font-size: large;">Please consider signing the Debt Neutrality Petition <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.</span></div>Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-87856057105679195252016-11-06T02:48:00.001-08:002016-11-06T02:48:19.105-08:00Donald Trump Bombshell. The Real Reason Donald Trump won't release his income tax returns, Donald Trump may face IRS Tax Fraud, Income Tax Evasion, billions in penalties, and possibly Jail Time.<div style="text-align: justify;"><span style="font-family: "trebuchet ms" , sans-serif; font-size: large;"><a href="http://dailypuma.blogspot.com/2016/11/donald-trump-bombshell-real-reason.html">Donald Trump Bombshell. The Real Reason Donald Trump won't release his income tax returns, Donald Trump may face IRS Tax Fraud, Income Tax Evasion, billions in penalties, and possibly Jail Time.</a> </span></div><div style="text-align: justify;"><span style="font-family: "trebuchet ms" , sans-serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><span style="font-family: "trebuchet ms" , sans-serif;">Please consider signing the Debt Neutrality Petition by <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.</span></div>Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-78168727521110532182014-04-18T19:45:00.001-07:002014-10-08T13:42:50.710-07:00Breaking News, have Debt Collectors violated their jurisdiction when they ignore natural disaster claims?<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The Good News is, apparently consumers DO have some debt suspension rights. I would recommend checking out your credit score on TransUnion Credit, including checking out their dispute options. Of course, NEVER lie, use the truthful dispute to win.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Transunion Credit Bureau allows consumers the right to dispute their potentially negative credit scores via a proprietary checklist of dispute options. If one has the truth on their side, then it may be possible to get a negative or delinquent account reversed if the reason one defaulted is also a dispute option.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">An example would be if one lives in an area that had a natural disaster declared. There are other dispute options as well. Experian also allows one to dispute negative credit histories, but they don't actually give a list of dispute choices and one has a limited amount of space to make their case, but their site is rather easy to navigate as well.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Seems to be worth investigating one's credit score if it means improving that score by truthfully disputing a negative credit report. Be careful however, Experian, TransUnion and Equifax all seem to want one to sign up for a monthly credit protector or credit review option.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I frankly find it disturbing that none of the three offer a simple, <i><u>"check my credit history and make corrections if necessary"</u></i> option that does not automatically renew on a monthly basis. I wonder if the Consumer Financial Protection Bureau may be knocking in their doors in the future.</span></div>
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Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-24282601229568303712014-02-02T12:44:00.002-08:002014-02-07T00:16:05.699-08:00Government Sequestration of the Elderly's Home Equity a 100% Success. Over 98% of the Elderly Collecting Social Security won't Qualify for a HELOC no matter how much Equity is in their Home!<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The U.S. government has sequestered the home equity wealth of the elderly. Anybody who makes less than 3,000 dollars a month is not eligible for virtually any type of a loan, even if that person owns a home and has an abundance of equity in the home.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The <a href="http://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/#table2" target="_blank">average amount of social security income</a> for 2014 is between $1,100 to $1,500 per month. </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><b><u>Anybody receiving less than $2,400 dollars a month in SS (SS 2,400 x 1.25 = $3,000) WILL NOT qualify for a HELOC in most scenarios! It is safe to say that over 98% of the elderly would NOT QUALIFY for ANY type of loan, even a loan secured by their home, even if their home is paid off!</u></b></span></blockquote>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">There are literally millions of elderly who could probably have a plus net revenue every month if they could pay off credit card debt with a HELOC. The reduction in interest rate charges that range from 12% to 20% from credit card debt down to a more reasonable 4% HELOC would literally tip many elderly back into the black, thus allowing them to actually pay down their HELOC over time. The elderly would eventually have more spendable cash as well.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><b>The U.S. government has basically sequestered the elderly from being able to pay down their higher interest rate credit card debt by use of their HELOC!</b></span></blockquote>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The U.S. government has basically forced the elderly who own homes into reverse mortgages or nothing at all. </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><u><b>The biggest problem I have with reverse mortgages is the more thrifty the elderly person is taking money out of their home via a reverse mortgage, the MORE they get penalized by the mortgage insurance premium that is tacked on based on the full value of their home!</b></u></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">For every dollar the <u><b>thrifty</b></u> elderly person takes out on a reverse mortgage plan, another dollar goes for mortgage insurance! And, <u>all mortgage insurance payments that come out of the the Home's Equity get assessed that 4% or higher HELOC interest rate charge!</u></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><b>Why should you care?</b> If the elderly are locked out of their own home equity, especially if all they want to do is eliminate credit card debt, they have little or no money to spend on local commerce since it is going to the credit card companies in the form of high interest rate charges.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><b>Do you see the government orchestrated trap?</b> Either the elderly stay stuck with high interest rate credit card debt that continues to erode their spendable wealth, or they sign up for a reverse mortgage and have their home equity eaten up by the mortgage insurance premiums.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><b><u> If you fight against elderly wealth sequestration, you are actually helping free up dollars for local commerce and that helps everyone in your local community.</u></b></span></div>
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Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com4tag:blogger.com,1999:blog-4393440871190812967.post-10578904083352742662014-01-25T01:54:00.001-08:002014-02-02T11:42:41.480-08:00Debt judgments secured have fallen by a quarter since 2011<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.independent.ie/business/irish/debt-judgments-secured-have-fallen-by-a-quarter-since-2011-29948766.html">Debt judgments secured have fallen by a quarter since 2011</a> in England. However the total amount of the value of debts secured in court has actually still risen. Got <a href="http://www.debtneutralitypetition.com/" target="_blank">"Debt Neutrality Petition"?</a></span></div>
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<i><b><span class="Apple-style-span" style="font-family: 'trebuchet ms';"><span class="Apple-style-span" style="font-size: small;">If you are planning on creating or broadcasting a commercial and want an objective, outsiders point of view about your commercial, contact Alessandro Machi about his consulting services at...</span></span></b></i><br />
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<span class="Apple-style-span" style="font-family: 'trebuchet ms';"><span class="Apple-style-span" style="font-size: small;">info at alexlogic.com</span></span></div>
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<span class="Apple-style-span" style="font-family: 'trebuchet ms';"><span class="Apple-style-span" style="font-size: small;">You can also view more </span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com1tag:blogger.com,1999:blog-4393440871190812967.post-84589547531177846912013-12-07T23:39:00.004-08:002013-12-07T23:52:48.062-08:00Debt Suspension Rights files complaint with the FTC about the CFPB.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I just want to clarify that I love that the CFPB exists. However, if the Consumer Financial Protection Bureau is hardwired to believe that credit card agreements are not flawed, then much of the CFPB's great work is compromised. Think of it as spending money to do a perfect wheel alignment on a car that has four balding tires. </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Below is my official FTC complaint against the Consumer Financial Protection Bureau....</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I have tirelessly tried to raise awareness about deficiencies in credit card agreement language. The CFPB has taken the position that there is nothing wrong with credit card agreement language.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The CFPB apparently believes that leaving out critical information for a consumer to consider prior to signing up for a credit card simply means that the consumer needs financial literacy training and that the consumer must honor the promise to pay at all costs, even if means placing a credit card debt above and beyond the value of a human life.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Is the FTC in agreement with the CFPB over the Promise to Pay and more financial literacy for consumers, policies? </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The latest smokescreen thrown up by the CFPB involves the claim that there are more complaints about debt collectors than there are about credit card companies. I personally handed the CFPB specific data that would level the credit card arena playing field back in May of 2013. I even posted the letter I gave to the CFPB <a href="http://debtsuspensionrights.blogspot.com/2013/05/my-consumer-financial-protection-bureau.html" target="_blank">online at the following link. </a></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">When the CFPB announces their "ground breaking" debt collection decisions in early 2014 the report will probably mention some ways that debt collectors have misbehaved, and that they should fear fines from the CFPB. However, this will probably be balanced out by recommendations that credit card companies don't spend enough money on financial literacy education for its customers.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">All of the ensuing media coverage will probably create conservative backlash outraged over the bullying of debt collectors while the progressives will screech about unfair debt collection practices.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Lost in all of the back and forth braying will be the following issues, consumers HAVE NO DEBT SUSPENSION RIGHTS of any kind. Even a criminal can serve time and be done with their sentence, but a credit card defaulter can be forced into perpetual ongoing interest rate charges no matter what the reason for the default.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Lost your home in a flood, doesn't matter, the credit card holder will simply default and be adjudicated into a lifetime 9.9% accruing interest rate charge by the courts.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Hurricane destroyed your home? Fire? Have Cancer? Medical Emergency? Identity theft? Accident victim not of one's own doing or fault? Job obsoleted and the only way out is to go back to school? Caregiving for a family member? All just excuses according to the CFPB and the credit card companies, let the perpetual interest rate charges accrue.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The irony is, I'm actually ok with the "debt matters more than life itself" meme prolifigated by both government and banking entities, as long as that boarish position is BOLDLY PRINTED RIGHT ABOVE AND RIGHT BELOW where the person signs their credit card agreement.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Anything short of that is basic fraud against the american consumer.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">On top of that, in 2002 the comptroller of the currency denied the insurance industry access to compete with the credit card companies over credit card debt suspension insurance coverage. All the comptroller could think to offer was to make sure that premiums covered the cost of the insurance. </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The result? Credit Card Debt Suspension Insurance that was overpriced by a factor of 1,000% to 2000%. The profit was so great that the CFPB had to fine the credit card companies over 500 million dollars for over aggresively marketing their overpriced insurance coverage.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Can you fix whats broken with CFPB? </span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">-----end of complaint. For the record, I used the entire allowable character limit for my complaint, had zero left, so I left out an s in aggressively and "the" just before the final CFPB.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com2tag:blogger.com,1999:blog-4393440871190812967.post-62241401736495293712013-11-22T15:29:00.001-08:002013-11-22T15:31:46.733-08:00Reuters reports Brazil suspends debt payments for Brazilian Coffee Farmers, closes comments less than 6 & 1/2 hours after breaking story.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.reuters.com/article/2013/11/22/brazil-coffee-idUSE5N0EN01G20131122" target="_blank">Reuters reports</a> that Brazil suspends debt payments from Brazilian Coffee Farmers. Debt Suspension Rights finds it strange that Reuters has closed their comments section less than 6 and 1/2 hours after breaking the story.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7yjNsaOJeJw84lPmFdv1zPxF7wSgBO76lbl3BrH20SoOpcJCyvA4VlBiKsIP7rekhKP33AVUPVPdvIsXyW6kH_WxhyA62jIeqs6hA29bddKjonwwQxqiOa3YCMmtON4ZQsRyXtw8ooI4/s1600/Screen+shot+2013-11-22+at+3.21.00+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="232" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7yjNsaOJeJw84lPmFdv1zPxF7wSgBO76lbl3BrH20SoOpcJCyvA4VlBiKsIP7rekhKP33AVUPVPdvIsXyW6kH_WxhyA62jIeqs6hA29bddKjonwwQxqiOa3YCMmtON4ZQsRyXtw8ooI4/s320/Screen+shot+2013-11-22+at+3.21.00+PM.png" width="320" /></a></div>
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Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-90555874612433336502013-11-14T23:49:00.001-08:002013-11-14T23:49:57.015-08:00Consumer debt specialist Robert Manning sues Sevan Aslanyan, Aslanyan's companies Access Counseling, Cole Asia Business Center and Cole Group, and five alleged associates of Aslanyan, in Federal Court.<div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">If it is true that consumer debt specialist Robert Manning was defamed (as he claims), it shows how precarious the consumer debt rights field can be. It must take a very long time to build up a name in the field of consumer rights and consumer fairness issues, and it can be blown up relatively quickly by spreading one accusation.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Manning was featured in a 2007 documentary, In Debt We Trust.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">So what is the lesson? Perhaps don't do business with people you just met.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><a href="http://www.courthousenews.com/2013/11/14/62883.htm"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Courthouse News Service</span></a></div><div style="text-align: justify;"><br />
</div>Please consider signing the Debt Neutrality Petition by <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-22647315966276745852013-11-04T12:57:00.003-08:002013-11-04T19:09:56.143-08:00Incredible News, Debt Neutrality Petition crosses 500 signatures on Change dot org.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I am grateful to see the idea of Debt Neutrality beginning to take off. Stuck at 81 signatures for a while, <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans" target="_blank">the Debt Neutrality petition has suddenly crossed 500 signatures.</a></span></div>
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Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-47865758732536033702013-10-16T17:59:00.001-07:002013-10-16T18:03:38.239-07:00We must define what we mean by affordable | Irish Examiner, Irish examiner responding to Debt Suspension Rights prior article?<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.irishexaminer.com/business/features/we-must-define-what-we-mean-by-affordable-242985.html#.Ul80-aZ_A08.blogger"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">We must define what we mean by affordable | Irish Examiner</span></a></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I am glad to see that the Irish Examiner is at least exploring and "examining" the issue of strategic default. However, when do they get to the discussion of debt suspension rights and the insidiousness of 2% monthly minimum credit card payments? (they should be at least 5%, not 2%) And when do we begin to discuss the over charging of credit card debt suspension insurance by as much as 2000%?</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Unfortunately, there is nowhere to comment that I can see. If I had been allowed to comment, I would have mentioned that <i>mortgage debt is not necessarily the debt that causes mortgage defaults to occur. Credit Card debts, because they have a super low monthly minimum payment, slowly entrap and engulf people into more and more debt, and that was not mentioned in the article.</i> "Debt Suspension Rights".</span><br />
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Please consider signing the Debt Neutrality Petition by <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-76701875797738246492013-09-29T21:11:00.000-07:002013-09-29T21:15:12.354-07:00Debt Suspension Rights speaks at the May 15, 2013 Los Angeles meeting of the Consumer Protection Financial Bureau.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Debt Suspension Rights speaks at the May 15, 2013 Los Angeles meeting of the Consumer Protection Financial Bureau.</span></div>
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwUdUcsdDjLFYdKSRrwaJBR17KiSWpRFnRlG5wPErDlf8nMN9TDFB-Dki_3atf5ThqB-UVjHMImPBE4wHXUI_Gx52Kgu-gRmWuqx99iykIkJE1-HsQ9Mme37OSQOzaKxrfF33yW6TT0l8/s1600/Screen+shot+2013-09-29+at+9.01.18+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgwUdUcsdDjLFYdKSRrwaJBR17KiSWpRFnRlG5wPErDlf8nMN9TDFB-Dki_3atf5ThqB-UVjHMImPBE4wHXUI_Gx52Kgu-gRmWuqx99iykIkJE1-HsQ9Mme37OSQOzaKxrfF33yW6TT0l8/s320/Screen+shot+2013-09-29+at+9.01.18+PM.png" width="320" /></a><br />
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<a href="http://www.youtube.com/watch?v=WPSuUAdskBw&feature=youtu.be&t=2h21m40s" target="_blank"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Click Here to see one minute comment.</span></a></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://debtsuspensionrights.blogspot.com/2013/05/my-consumer-financial-protection-bureau.html" target="_blank">Click here to see the contents of the papers</a> I am holding in the image above and that I briefly discussed during my comments.</span></div>
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Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-62898768782164616192013-09-27T13:24:00.002-07:002013-09-27T21:25:46.732-07:00Consumer debt can lead to mental health issues, yes, that sounds like a normal reaction to me.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.hngn.com/articles/13457/20130927/people-debts-more-develop-mental-health-problems-study-finds.htm" target="_blank">If Consumer debt can lead to mental health issues,</a> than wouldn't unfair debt suspension rules that entirely favor the rich elite and wall street compound and completely disfavor the rest of society create even harsher results?</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Does not unfair debt rules that lead to mental health issues, in turn lead to more and more militaristic type of responses by our government and law enforcement toward those who KNOW they have been treated unfairly by the system?</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Shame on the media for over reporting people who "lose it" while under reporting those that play a key role in causing people to "lose it", the banksters and the unfair debt rules they create that favor their own position and leave main street twisting in the wind.</span></div>
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Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-42870103455798040792013-09-23T22:47:00.000-07:002013-09-24T19:21:47.160-07:00Reuters posts RIDICULOUS 2013 headline about Russian Credit Card Debt, then closes comments same day at ZERO.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-size: large;">I don't know what is more outrageous,<a href="http://www.reuters.com/article/2013/09/23/russia-investment-credit-idUSL5N0HJ1I120130923" target="_blank"> this ridiculous headline and article from Reuters about Russian credit card debt,</a> or that they closed the comments section the same day the article was posted, and with no comments.</span></div>
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<span class="Apple-style-span" style="font-family: arial, helvetica, sans; font-size: large; line-height: 22px;">Reuters quotes Alexander Vikulin, head of the National Bureau of Credit Histories (NBCH), as saying that <i><u>"household debt costs for the vast majority of Russians were easily manageable." </u></i></span><span class="Apple-style-span" style="font-family: arial, helvetica, sans; font-size: large; line-height: 22px;">and <i><u>that Russians can easily afford to double their consumer debt!</u></i></span><br />
<span class="Apple-style-span" style="font-family: arial, helvetica, sans; font-size: large;"><span class="Apple-style-span" style="line-height: 22px;"><i><u><br /></u></i></span></span></div>
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<span class="Apple-style-span" style="font-family: arial, helvetica, sans; font-size: large;"><span class="Apple-style-span" style="line-height: 22px;">Are you kidding me, <i>"can easily afford to double their consumer debt</i>"???</span></span><br />
<span class="Apple-style-span" style="font-family: arial, helvetica, sans; font-size: large;"><span class="Apple-style-span" style="line-height: 22px;"><br /></span></span>
<span class="Apple-style-span" style="font-family: arial, helvetica, sans; font-size: large; line-height: 22px;">Well of course household debt is easily manageable for the "vast majority" of Russians. It doesn't take the vast majority of consumers in any country to drive the economy into the tank. Perhaps as little as 20% to 25% of the country not being able to afford their present debts can over time create an economic "death spiral" for the entire country.</span></div>
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<span class="Apple-style-span" style="font-family: arial, helvetica, sans; line-height: 22px;"><span class="Apple-style-span" style="font-size: large;">It is sad that governments think they must have ample consumer debt to have a thriving economy, perhaps sad is too soft of a word. </span></span></div>
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Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-56919894498114432692013-09-18T14:30:00.002-07:002013-09-18T14:52:57.680-07:00National Real Estate Post wants all debtors to keep their word, but their hearts go out to the flood victims in Colorado.<div dir="ltr" style="text-align: left;" trbidi="on">
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It didn't take very long for Brian Stevens of Frank and Brian Real Estate Fame to show confusion over the issue of credit card debt and mortgage defaults. Below their daily videos Mr. Stevens has written some consumer debt related hyperbolic doozies. Every quote below does NOT come from their videos, but rather the commentary BELOW the daily video. </div>
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<i><a href="http://thenationalrealestatepost.com/2013/09/05/nar-applauds-qrm-victory/" target="_blank">What I am saying is that if you break what should be a sacred bond, your word, then you should feel pain, and that pain should help outline your choices in the future...</a></i><br />
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lol, If it were a sacred bond, it would occur in a courtroom in front of a judge, or in a church in front of the justice of the peace. And in both scenarios many of the fine print gotchas that are presently hidden from the consumer would be revealed. and if that were done, Credit Card companies would have half the business they presently have, and a lot less defaults as well. </div>
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<blockquote class="tr_bq">
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So just who is it that wants the defaults? Apparently the credit card companies do because that is where they can really score big with penalties, fees, higher interest rate charges and FUTURE PROFITS based on POORER future credit scores.</div>
</blockquote>
<blockquote class="tr_bq" style="text-align: justify;">
Nice to know that Mr. Stevens thinks you, the consumer, should feel unending, unmonitored pain, doled about by the same people that have scammed the system with adhesion contracts that conveniently hide many fallow credit card policies that would be deal breakers if only the debtor knew at the time they signed up..</blockquote>
<div style="text-align: justify;">
<i><a href="http://thenationalrealestatepost.com/2013/09/05/nar-applauds-qrm-victory/" target="_blank"><br /></a></i></div>
<i><a href="http://thenationalrealestatepost.com/2013/09/05/nar-applauds-qrm-victory/" target="_blank">....The idea of creating an agency (CFPB) that allows you to be wishey washy at best with your word undermines the fabric of America. And yes, it’s not just the “dealing with debt collectors” crap, it’s the crazy lawsuits, it’s the “you’ve been harmed by your mortgage” crap (when you signed the note), it’s the witch hunt mentality against an industry that lends TRILLIONS per year.... </a></i><br />
<br />
<blockquote class="tr_bq" style="text-align: justify;">
It shocks me how naive Mr. Stevens can be. The CFPB's job is to look busy while NOT FIXING the underlying causes of economic theft from main street by the wealthy elite. Yes, there are UNFAIR credit card policy issues that have NOTHING TO DO with what the CFPB is enforcing. For starters, STRATEGIC credit card DEFAULTERS are treated BETTER than INVOLUNTARY credit card DEFAULTERS in virtually all instances.</blockquote>
<br />
<i><a href="http://thenationalrealestatepost.com/2013/09/05/nar-applauds-qrm-victory/" target="_blank"> ....We as individuals need to spit on our hand and shake it with our neighbor and promise to be accountable for our actions because at the end of the day, that is all we have; our name, our bond, our promise.... </a></i><br />
<blockquote class="tr_bq" style="text-align: justify;">
The statement up above sounds like it came right out of the mouth of Jim from the CBS show "Under the Dome". At the end of the day we have the life that we have lived, the family that spawned us, and hopefully some friends outside of the family that we treat like family. What we can have above and beyond the "Jim" statement up above is our belief in fairness. if we believe in fairness, many of our economic issues begin to subside.</blockquote>
<i><a href="http://thenationalrealestatepost.com/2013/09/05/nar-applauds-qrm-victory/" target="_blank"> ....If you think I’m lying, talk to pretty much anyone in the middle of our country, Kansas, Omaha, Nebraska, The Dakotas, and a few more; they know exactly what I’m talking about....</a></i><br />
<blockquote class="tr_bq" style="text-align: justify;">
Hey, lets ask the flood victims in Colorado if they are going to be keeping their "word, their bond, their promise". Lets ask the credit card companies if losing one's home in a flood, being injured by the flood, having no power to get work done, losing a loved one, losing one's place of work to the flood, are reasons to SUSPEND A CREDIT CARD DEBT. The answer is, NO, those are not excuses. Except that they ARE excuses to everyone on the planet except the very entities that Mr. Stevens apparently loves to defend.</blockquote>
<div>
<i><a href="http://thenationalrealestatepost.com/2013/09/15/cfpb-finalizes-mortgage-rule-changes/" target="_blank">....Where are all the rules for the consumer? The consumer was part of the crisis too. Are you telling us that there was no intentional mortgage fraud happening on the part of the consumer during the crisis? None? B.S. – There was a ton of it, yet, no new rules for consumers who willfully hide information or mislead lenders into seeing a picture that is different than reality.....</a></i></div>
<blockquote class="tr_bq" style="text-align: justify;">
Wow, just wow. <a href="https://www.facebook.com/DebtSuspensionRights" target="_blank">Debt Suspension Rights has outlined several issues in which there presently are NO consumer rights,</a> and having commented on National Real Estate Post in the past, Mr. Stevens could have easily read them. Clearly, he disagrees with the agenda of Debt Suspension Rights for Consumers. </blockquote>
<blockquote class="tr_bq">
For those who are interested, <a href="http://www.nytimes.com/2011/03/26/business/26nocera.html?pagewanted=all&_r=0" target="_blank">please read the Charlie Engle story</a>, about an ultra long distance runner who was incarcerated for allegedly lying about his income so that he could get some home equity out of his home while he trained. The IRS actually had an agent pose as a woman interested in Charlie so that they could record incriminating remarks he made. The irony being that what guy hasn't bragged / embellished something he has done in the past when telling a women about it?</blockquote>
<div>
<div>
<i><a href="http://thenationalrealestatepost.com/2013/09/17/cfpb-adjusts-3-cap-rule/" target="_blank">....Our hearts go out to the people of Colorado who are affected by the floods they’re having right now. If you want to help you can do so by visitingwww.HelpColoradoNow.org. We have a lot of friends out there and we hope you’re all okay. The level of devastation is at a Katrina level in Colorado and we at the National Real Estate Post have....</a></i><br />
<blockquote class="tr_bq">
And there it is, the shoe polish on the worn out, stinky shoe, speal. </blockquote>
<blockquote class="tr_bq">
Hey, "your word is your bond", and hey, "you should feel pain" (for defaulting on your credit card and mortgage debts), yet Mr. Steven's heart goes out to the victims of the Colorado flood who will soon be joining the line of "you should feel pain, your word is your bond" miscreants.</blockquote>
<blockquote class="tr_bq">
Just amazing.</blockquote>
<div>
Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-71544763218517113442013-09-13T12:44:00.001-07:002013-09-13T12:44:00.573-07:00OneWest Bank pays 7 figures in mortgage fraud case<div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The term is PARALLEL FORECLOSURE, not Dual Tracking. Dual Tracking CONFUSES PEOPLE and OBFUSCATES what is going on. Parallel Foreclosure is the behind the scene term used by Chase Bank and other banks to describe deceitful, and perhaps criminal behavior regarding mortgages.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://calcoastnews.com/2013/09/onewest-bank-pays-7-figures-mortgage-fraud-case/">OneWest Bank pays 7 figures in mortgage fraud case</a>.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">You are viewing <a href="http://www.parallelforeclosure.com/">Parallel Foreclosure blog</a>. Please check out <a href="http://www.unfairforeclosures.com/">UNfair Foreclosures blog</a> and <a href="http://www.swarmthebanks.com/">Swarm The Banks blog</a> as well.</span></div>Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-6577118011228470362013-09-09T20:06:00.001-07:002013-09-09T20:06:22.577-07:00Irish newspaper Independent ie concern trolls its debtor victims into thinking they are strategic defaulters, then they delete reader comments after a day or two.<div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The link below is a tragic example of how one Irish media outlet attempts to <b>re-define</b> <u>INVOLUNTARY DEFAULTERS as STRATEGIC DEFAULTERS.</u></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><a href="http://www.independent.ie/opinion/columnists/gerard-oregan/loss-panic-shame-one-widows-long-road-to-strategic-default-29560497.html"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Loss, panic, shame: one widow&#039;s long road to &#039;strategic default&#039;</span></a></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Even more outrageous, all the comments have disappeared after a day or two. I think they think the everyday reader won't notice that their comments disappear after a day or two for the serious articles, but I did. </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><a href="https://www.facebook.com/Independent.ie?ref=br_tf" target="_blank"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">And finally, on their facebook page, they never print the serious stories, just the person on the street happy type of story.</span></a></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">How do these goons get away with this level of fraud and deception? To actually imply that an INVOLUNTARY DEFAULTER is a Strategic Defaulter is the height of concern trollism.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">wow.</span></div><br />
Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-46455181615201652522013-09-05T13:23:00.002-07:002013-09-05T16:58:17.184-07:00Brian Stevens CRAZY RANT on credit card debt.<div dir="ltr" style="text-align: left;" trbidi="on">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://thenationalrealestatepost.com/2013/09/05/nar-applauds-qrm-victory/" target="_blank">Click here</a> and then look below the video to find Brian Stevens <a href="http://thenationalrealestatepost.com/2013/09/05/nar-applauds-qrm-victory/" target="_blank">CRAZY WRITTEN TIRADE</a> about credit card debt.</span><br />
<br />
Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-74453536146289963572013-08-16T10:36:00.004-07:002013-08-20T23:44:22.113-07:00Debt Suspension Rights for Consumers, where are they? Please like us on facebook.<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Please like <a href="http://www.facebook.com/debtsuspensionrights" target="_blank">Debt Suspension Rights for Consumers, where are they? on Facebook.</a></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Debt Suspension Rights, where are they? supports the following... </span></div>
<div>
<div style="text-align: justify;">
<ul>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Credit Card Debt Suspension Premiums REDUCED by 2000%, </span></li>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">IMPROVED Reverse Mortgage Options, </span></li>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">INVOLUNTARY Credit Card Default Rights, </span></li>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Main Street Stock Market!</span></li>
</ul>
</div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</span></div>
</div>
</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-28063238374129919962013-08-11T11:41:00.001-07:002013-08-15T13:56:57.778-07:00Strategic defaulters will face jail, warns insolvency chief<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The article link below had the comments section close on the SAME DAY the article was released! </span><br />
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Punishing credit card strategic defaulters still DOES NOT help those with INVOLUNTARY credit card Defaults caused by a situation beyond their control because judges treat both situations identically. <a href="http://debtsuspensionrights.blogspot.com/2013/07/fix-unfair-credit-card-practices-fix-us.html" target="_blank">Please read other articles about Debt Suspension Rights on this page</a> to find what the real problems and solutions are to fixing the ongoing consumer wealth erosion.</span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div>
<div style="text-align: justify;">
<a href="http://www.independent.ie/irish-news/strategic-defaulters-will-face-jail-warns-insolvency-chief-29489360.html"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Strategic defaulters will face jail, warns insolvency chief</span></a></div>
<br />
Please consider signing the Debt Neutrality Petition by <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-84568657041994950802013-07-27T10:42:00.004-07:002013-08-09T13:40:30.515-07:00Fix Unfair Credit Card practices, Fix the U.S. Economy, it really is that simple.<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">In the United States, the following solutions would solve our economic situation, but they are not being done. </span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">1. <b>Offer Credit Card Debt Suspension Insurance at reasonable rates of 5 cents to 15 cents per 100 dollars of debt per month.</b> NOT the 99 cents per 100 dollars per month or higher that has been offered in the past.</span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">2. <b>Allow courts to distinguish between involuntary credit card defaults and strategic credit card defaults rather than treat them both as identical.</b> Then, offer repayment plans to involuntary credit card defaulters that don't include ongoing penalties, fees and interest rate charges and that don't perpetually hurt the involuntary credit card defaulter's credit score while they are paying down the default.</span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">3. <b>Reduce everyone's credit card debt by 65% as an acknowledgement that</b> </span><br />
<br />
<ul>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">A. 2% monthly minimum payments entrap consumers into a lifetime of debt. (Department of Justice study confirms this). </span></li>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">B. for overcharging debt suspension insurance premiums by 1000% to 2000% over the past 15 years!</span></li>
</ul>
</div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span>
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">4. <b>Simultaneously raise everyone's monthly minimum payment requirement to 5% of what is due.</b> People will still pay approximately the same amount every month as they were paying with the 2% monthly minimum payment and 65% higher credit card debt, but they will have</span><br />
<br />
<ul>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">A. 65% less overall credit card debt, </span></li>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">B. have a higher percentage of what they pay every month to use respend money if they need to, </span></li>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">C. will feel the "shock" of debt quicker when they begin to over borrow, </span></li>
<li><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">D. and will have a more realistic opportunity to get out of debt by simply trying.</span></li>
</ul>
</div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Banks got a bailout while consumers have been publicly angry because they really didn't get the timely help they needed.</span><br />
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span>
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The above ideas solve the issue for everyone without giving the public anything they did not already earn, such as the right to be treated fairly by financial institutions while receiving consumer reparations for past harmful policies.</span></div>
<br />
<div style="text-align: justify;">
<br /></div>
Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-4393440871190812967.post-15776788729077111592013-07-06T19:00:00.003-07:002013-07-08T17:13:50.567-07:00Strategic Credit Card Defaults versus Involuntary Credit Card Defaults, why don't Judges distinguish between the two?<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">If you are a judge I would love an explanation as to why judges don't make a distinction between a strategic credit card default and an involuntary credit card default. Are the two the same? According to judges, a credit card default is a credit card default.</span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Do you agree? </span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Is someone who runs up a huge credit card tab over a relatively short period of time and then defaults, the same as someone who has has made all of their payments on time for the past 10 years and only had to stop making payments because of a family emergency or a major event in their lives beyond their control?</span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I am NOT suggesting debt forgiveness either. </span><br />
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span>
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I am talking about the possibility of simply freezing a debt where it stands when the last transaction was made by someone who had an involuntary credit card default. </span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">If the credit card default was strategic, then treat them the way all credit card defaulters are presently treated.</span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Do you agree or disagree? ALL intelligent comments are WELCOMED in the comments section.</span></div>
<br />
Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com2tag:blogger.com,1999:blog-4393440871190812967.post-702867618168066702013-06-28T23:24:00.002-07:002013-06-29T11:53:27.315-07:00Consumer debt reduction led by mortgage write offs!<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">This is what I'm talking about...<a href="http://www.inman.com/wire/consumer-debt-decline-driven-by-mortgage-discharges/#" target="_blank">Mortgage debt</a>, credit card debt and student debt only reduce because of discharges.</span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">However discharges don't disappear, they end up with debt collectors who get court judgements, so these press releases about consumer debt being reduced are basically misleading the public.</span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
<div style="text-align: justify;">
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif;">Hi, Your comments matter greatly. If you post anonymously it helps if you briefly explain how your prior experiences relate to the comment you are leaving. Please no link ads unless you contact me first.</span></div>
</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com2tag:blogger.com,1999:blog-4393440871190812967.post-22365261588535483002013-06-25T13:16:00.001-07:002013-06-30T10:52:50.473-07:00How Debt Collectors could improve their public image.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Debt Collectors are in a strange profession. A Debt Collectors job is to suck whatever cash blood remains out of the barely breathing money strapped victim while delusionally believing they are the do gooder superhero keeping society safe from blood sucking opportunists. </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The Debt Collection disconnect between how they perceive themselves and how others see them results in stasis.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I think Debt Collectors would probably prefer less overall antagonism both from those who hire them to collect credit card debts and the debtors they call to try and collect debts from.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The solution for a "kinder, gentler" debt collection industry stems from how they view credit card defaulters. Apparently in many if not all instances; credit card companies, debt collectors and judges do not make a distinction between different types of defaults. Deciding "Whether a credit card default has occurred, or not" is how most judges see their role. Unfortunately, this credit card default or no credit card default meme creates a self perpetuating stream of "rubber stamping justice".</span></div>
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<u><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large; font-style: italic;">The problem is that courts treat an "involuntary" </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>credit card debt defaulter who lets say previously had a perfect payment history but perhaps lost their home in a fire and their place of work to outsourcing; no differently than a strategic default credit card debtor who ran up a huge credit card debt quickly and irresponsibly. </i></span></u><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><b><u><i>If the courts make no distinction between an involuntary credit card default and a strategic credit card default, why should the credit card companies or debt collection companies do differently?</i></u></b><i> </i></span></blockquote>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">And this brings us back to involuntary credit card defaulters versus strategic credit card debt defaulters. Judges apparently DO NOT differentiate between who CAN afford to pay off a credit card debt, or at least keep making payments, versus someone who involuntarily has credit card defaulted because of a circumstance beyond their control.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><b><u>As a society we should ask ourselves...Is it really ok to treat a credit card defaulter who previously had an excellent payment history but has a life changing event occur beyond their control the same as a credit card defaulter who strategically defaults?</u></b></span></blockquote>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I think most people would say that someone who purposely or strategically credit card defaults has committed a more egregious act than someone who has a life changing event occur beyond their control and basically needs a time out before they can pay off or begin paying down their credit card debt.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><u>Apparently the judges, credit card companies and debt collectors don't see it that way.</u> </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">However, were debt collection agencies to simply agree to give involuntary credit card defaulters more latitude, and focus their courtroom resources on strategic defaulters instead, Debt Collection companies would instantly gain the gratitude of most of the credit card defaulters that they presently hound on a regular basis.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Perhaps debt collection agencies don't want the courts to give more latitude to involuntary defaulters and less latitude to strategic defaulters because it might create a huge migration of competition into the debt collection field.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Or, is <a href="http://www.debtsuspensionrights.blogspot.com/" target="_blank">Debt Suspension Rights</a> the first to think of the idea of splitting the difference when it comes to credit card defaults, and treating involuntary credit card defaulters differently from strategic credit card defaulters?</i></span></blockquote>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Just how differently would judges treat an involuntary credit card defaulter versus a strategic credit card debt defaulter? Not that much really. Both involuntary and strategic defaulters would still have to pay their debt, however the involuntary defaulter could simply be given better repayment terms. </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">How about involuntary credit card defaulters have their debt frozen at the amount it was at the time the last transaction was made on the credit card, with no more interest rates, penalties or fees accruing. </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Also, the credit card default could be scored neutral on a person's credit score. Once payments, even payments well below the minimum are regularly made, it would actually slightly help the involuntary defaulter's credit score. </span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Just the slight change of distinguishing between involuntary credit card defaults and strategic defaults would have a profoundly positive affect, not just on the involuntary credit card defaulter, but to the general economy as well.</span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com2