I believe you first need to understand the purpose behind Credit Scores. The Credit Scoring System is another slave driving program; that was devised by the Federal Reserve System and with the blessing of the High Contracting Powers. Its purpose is to squeeze more cash out of borrowers and to force the public into becoming loyal conditioned slaves!
First of all, when you apply for a mortgage, you are requesting a loan of their valueless currency, to purchase a home or automobile, which you can never own and upon which you pay a penalty, called Interest and Costs. Those who are approved for a loan are watched closely to see if they have swallowed the fraud, “hook, line and sinker” and follow the repayment instructions fully!
Those who can’t follow their directions; lost a job or financially over extended themselves are rated badly [credit scores] and are penalized severely then and whenever they apply again, called [points].
The personal information you provide to them when applying, is also sold to other Financial Institutions and Collection Agencies. They tell you NO, but unless you take the time to read all the fine print, they bluffed you again!
Some merchandizing companies have or perform a type of collection process first as a courtesy and when you fail to bring your payments up to date, they discharge the debt and sell the discharged debt to Collection Agencies for pennies on the dollar!
These Collection Agencies are all owned by Law Firms who hire people to contact you and attempt to collect the original debt plus penalties for them. They do not represent the merchandizing company, they represent their own business and probably paid $25.00 for a $300.00 discharged debt. If they can persuade you to begin making payments too them, that creates a contract between you and the collection agency, regarding a debt that no longer exists! When a debt is discharged, it means that your agreement with that company is cancelled for good! Those lawyers really are pretty clever!
If you are a compliant slave, your credit rating will be high and yet their really isn’t a difference between the borrower who has perfect credit and the borrower who has poor credit, It is all a corporate fraud to increase their wealth and deplete yours!
HOME MORTGAGES: Whenever you apply for a loan, you are requested to sign a Promissory Note for the total amount of the loan. Then a Payment Account is established. The Promissory Note is never endorsed by a member of the Financial Institution so that it can be sold without your permission. Three days later, the original promissory note, signed in ink, is sold to another Institution or Foreign Government, who will COLLATERALIZE it or use it like a BOND and issue currency or loans against it.
Why the three days? It is because you have the right to withdraw from or cancel any contract within three days of acceptance. It is about the only right we have left and it may be found under the, Truth in Lending Act!
All that matters to the Bank, is that you are a flesh and blood human being and that you have affixed your signature to a Promissory Note! They don’t care if you have a great credit score or a poor one! Flesh and Blood Human Beings, technically own everything, and all Corporations are fictional companies that have no value and cannot function until some HUMAN BEING blows life into them! The Promissory Notes each sell for the same value!
Since the Promissory Note was sold without your permission, your Mortgage Debt to them is actually [paid in full] but they never tell you about that! In fact, the Bank also sells your repayment plan to an investor or another Bank for much less, and agree to manage the payments for them. Most Banks now employ a middle company to collect your Mortgage payment. They do this because your Mortgage and repayment plan is not reflected on the Banks Bookkeeping and under Federal and International Law, it is supposed to! So the middle companies act as a buffer and keeps them out of trouble!
Since the Banks can’t legally make loans against their depositor’s assets, everything is just a, Paper Chase! Your payments are deposited into the investor’s account who purchased it and if it involves another Bank, your payment is transferred to that Bank where it is deposited into a savings account, under a number instead of your name!
The reason the account is numbered, is because it is really your savings account! You don’t owe them a debt and so they conceal your payments as a numbered savings account! If they included your name, they would have to mail you a monthly accounting and that would tip you off!
So any foreclosure that might occur thereafter is totally bogus and unlawful because they cannot produce the Original Promissory Note! If demanded, they will produce a black and white photo copy but that is actually the Counterfeiting of a Negotiable Instrument unless it is reduced or enlarged! The point being that if they cannot produce the original Note, it was sold!
Given these circumstances, it was absolutely necessary for them to involve the Judges in their criminal conduct. Foreclosure Judges receive 10% of the original Promissory Note, after they authorize the Bank to steal and sell your assets in FORECLOSURE.
This process essentially makes the rich man richer and explains how the Banks can own the bulk of the skyscraper buildings, parcels of land and stadiums across America. In reality, we pay for our homes three times over its original purchase price without ever securing ownership. Mr. Warburg was a pretty ingenious fellow when he designed the Federal Reserve System and why we Americans always need to be two steps ahead of the Banks, Courts and lawyers!
According to the Constitution: The only way you can pay a debt is with silver or gold and since there is no silver or gold backed currency, the only thing we can do is to DISCHARGE our debts! A DISCHARGE is never a payment in full and it can be resold or borrowed against. Hence, lawyers purchase discharged debts for pennies on the dollar; open a collection company and hire people to harass you into paying that debt to them!
Remember that in all legitimate contracts you always received something of equal value from the company or person you borrowed from. Collection companies fail to provide you with anything of equal value and lie to you that they are collecting the debt on behalf of the original creditor!
The best way to handle a debt collector is to deny who you are and every question they ask …..
INTERESTING NOTE: In Libya, a citizen can apply for a home mortgage or business loan from the government, interest free, and he owns the land. In most cases, a citizen who desires to start a business like farming, the borrower is given a $50,000 grant or the land, a tractor, the seed and livestock to get started all for free! And our government has the audacity to call Momar Ghaddafi a fascist? President Ghaddafi had control over $200 Billion in gold and his life was threatened by the Criminal Cabal, if he refused to surrender that gold. Ghaddafi refused and was subsequently murdered by paid assassins hired by the United States Government. May he rest in peace…