Reader mail: hopeless and overwhelmed after reading my sites
It all started because i wanted to pay off my credit cards. i thought i would transfer the highest one to the one with the lowest APR. i was surprised at how rude the telephone agents at CC companies are. So i googled one of the companies for names of officers and one of your sites came up. I read your various sites for hours until i felt so hopeless and so overwhelmed that i could hardly breathe.
You have worked very hard for a long time. i wish i could give you a huge donation. i am glad there are people like you out there, fighting in the abyss for those of us who can’t go there. i live on disability income. Please don’t stop fighting....
I much appreciate the comments, but it’s also extremely frustrating to know that I don’t have a snowball’s chance in hell of making any difference to what is happening with America and the world.
I can only hope that a few readers look beyond the credit reporting, collections and FICO scores.
The Money Masters and several other MUST WATCH free online videos.
I just checked CNN to see whether the impeachment hearings made the headline (forest fires in Greece are more important), but noticed this video about a woman who blew her brains out on foreclosure day:
If people have to kill themselves, why not take some of the assholes with them?
I’m the last person to advocate violence, but it’s getting rather obvious that nothing else works.
My lawsuits document that justice no longer exists.
It does not matter that I have the recordings of phone calls and the credit reports, the CRAs and collectors ignore everything and the judges usually rule in their favor or simply do NOT rule at all. Been waiting for the 9th circuit court of appeals to rule on the Cap One credit limits for over a year now.
Equifax entirely IGNORED my discovery requests, NCO, TU and Experian responded way late.
I sued IC System about a month ago and they have the NERVE to continue to call me. Today I told them to NOT call me anymore and that I sued them. A few hours later, they called again. I meant to post some recordings today, hopefully tomorrow.
IC System removed the case to federal court today and I’ll should file an emergency motion to get an injunction and order to not call me again. Of course I don’t know HOW and they read here, they know that I’m extremely busy and that I can’t afford depositions or legal advice.
They are making a point, demonstrating that NOBODY can stop them, that they own the courts and judges, that resistance is futile.
Just like the bankers made the point that they can do what they want, they pocket the profits and the American people pay the losses.
I’m publicizing my litigation in hopes that people will wake up, get a clue and if nothing else, start preparing for rough times and STOP paying their unsecured debt.
For those of you who still believe that heroic passengers brought down the plane in PA on 9/11/01, read Bin Laden driver knew 9/11 target: prosecutor:
… “If they hadn’t shot down the fourth plane it would’ve hit the dome,” Stone, a Navy officer, said in his opening remarks. ...
Anybody reading the alternative news on the web knew the truth many years ago. That’s why they’re going to shut down the web as we know it to allow only corporate controlled news. We ARE living in a fascist regime, but most Americans haven’t noticed it.
If you ever wondered why the Germans didn’t do anything about Hitler, have a look at Americans today.
The day before Obama’s speech in Berlin some German guy drove through the barricades where Obama was going to speak, red paint was pouring out of his car, he drove around in circles and eventually he crashed. I searched the major German news sites Stern and Spiegel to see what that was all about and it was like it never happened. It was all raves for Obama and his New World Order.
It’s understandable that the Germans are sick of Bush, but to see these 200,000 flag waving idiots in Berlin is sickening. It doesn’t mean that ALL Germans are morons, but the main stream media presented the event as if there was no opposition.
The economy, the loss of freedom for individuals, corporate and government controlled press, the Olympics, the dog and pony show called elections, it’s 1936 all over—but worse. Europe AND America are in it together.
Astronaut Ed Mitchell just came out of the closet and claimed that aliens exist. Are aliens our only hope?
Update: I was just going to send the reader the URL and realized this post is not exactly uplifting. What can a person on disability DO about all this?
I really hope she’ll watch the free videos and PREPARE for tough times. Since she is on disability, I sure hope she will STOP paying the banks for unsecured debt. EDUCATE friends and neighbors. I know, most people don’t want to hear it, but I try.
I’m not that concerned about the disability check being cancelled (although it’s a possibility), but it is quite likely that prices will CONTINUE to rise as the dollar loses value due to the creation of billion after billion (the latest projections are up to $1 trillion) to bail out the banks.
People should not just stock up on food, but grow their own food and establish local COMMUNITIES to help each other. Regardless of what happens, there’s nothing like the taste of tomatoes and veggies from your own or the community garden.
7/26/08 Update:
The reader wrote:
will watch the videos. i am preparing for the worst, for tough times coming; and i am telling everyone who listens to me to get out of debt. i will now also direct them to your websites.
Are you saying i should not pay off my credit card debt when you say “STOP paying the banks for unsecured debt”? Aren’t i morally obligated to pay the debt i owe? Should i declare bankruptcy? Should i not own a house, but rent one? If i become a focus for them, then i will lose what little income i have on some technicality that i can never fight, how then should i live?
i do appreciate your hard work to uncover all this “mess” i will continue to read your sites and the ones you recommend.
Lots of good questions. Yes, I’m encouraging people to STOP paying their credit card debt.
1) “Aren’t i morally obligated to pay the debt i owe?”
Morality is of course a very subjective term. If you borrowed money from Hitler, would you feel obligated to pay him back? If so, would you still feel that way knowing that he killed millions of innocent people and the money you borrowed was really theirs?
Wouldn’t it be more appropriate to NOT pay back Hitler even if you are a millionaire? Shouldn’t the money go to the people he hurt or to the relatives of the people he killed?
2) “Should i declare bankruptcy?”
That depends, but most people wouldn’t have to file for bankruptcy because even if the creditors get judgments, they can’t take anything.
You can’t squeeze blood from a turnip!
It’s very important to know your STATE law regarding protected income and assets. And it also depends on how well prepared you are for a default. Will they call you 20 times a day? Can you change your number?
It comes down to pesky details like that. Bankruptcy stops all collection efforts.
3) “Should i not own a house, but rent one?”
You should PROBABLY own, but your equity should NOT exceed the bankruptcy exemption. In some states you can have unlimited equity in your home and you get to keep it if you file for bankruptcy. That’s why OJ moved to Florida.
4) “If i become a focus for them, then i will lose what little income i have on some technicality that i can never fight, how then should i live?”
I’m not aware of anyone ever losing their disability income because they couldn’t pay their credit cards.
In same states wages can’t even be garnished. It really all depends on YOUR situation, your assets, income and what STATE you live in. I’ve seen so many people struggle to make their credit card payments when there was NOTHING anyone could have taken from them.
5) “i am telling everyone who listens to me to get out of debt.”
That’s not a question, but I have some comments because that’s EVERYBODY’S advice. How exactly are people supposed to get out of debt? Rob their neighbors? Start scamming and defrauding?
Sure, there are people who WASTE their money on crap they don’t need. But many millions are paying credit cards instead of taking care of themselves and their families. Many people who still have UNSECURED credit available should use it to take care of deferred maintenance on their houses and cars, they should use that credit to pay for doctors and dentists and generally pay for what needs to be done.
I’ve had too many people ask me for help to improve their credit so they can get medical care or fix the leaking roof. NOBODY will help you if you don’t help yourself.
Additionally, you should have cash reserves for those occasions when you are defrauded, when you cancel services and they continue to debit your account, etc.
I just spent hours scanning and posting docs and updating at CreditCourt.
I DOCUMENTED in local and federal courts that the corporations have the power to defraud you and get DISMISSED.
DirecTV never reimbursed the fraudulent charges, neither did NetZero. The credit bureaus have never paid me 1 penny after 7 years of litigation.
If you live in America, you need to take care of yourself. What little social security and disability payments people get buys less and less due to inflation. Real wages are DECLINING.
I’m in the process of setting up numerous blogs with summaries and the links to the court filings because I want people to see that corporations and banks DESERVE to not get paid. Sometimes you have to fight fire with fire or you’re going to burn and die.
Too many people are already dead.
As long-time readers know, I lost my relative Dorothea in 2003 because she worked herself into the grave after she was diagnosed with breast cancer and apparently Verizon reported an entirely fraudulent collection on her credit, causing her rates and payments on her large credit card debt to increase. She was one of those people who could not face bankruptcy and her flawless credit rating was everything to her.
The last time we talked, she was transferred from the hospital to a hospice the next day and she was so concerned about the impact on her credit rating of having her car repo’d. 2 weeks later was the funeral.
I’ve had clients in foreclosure talk about suicide just like that woman who shot herself on foreclosure day. Fortunately, they didn’t do it. But it was so stressful, I can’t work with people in foreclosure anymore. I don’t have the power and/or money to do whatever it takes to resolve the issues. All I can do is try to help people not end up in these desperate situations.
We ALL have an obligation to stop the madness and to do whatever we can to help as many people as possible survive and to reduce their suffering.
Of course each person is different and in the almost 20 years I’ve worked with clients, I’ve learned that I often change my recommendations as I get to know them better and learn more about their situation, family, health, etc. etc. There is no “one fits all” solution. The only thing I can say for sure it that nobody needs to feel sorry for banks and corporations. They’re not human and sometimes I wonder whether their executives and lawyers are human and I seriously doubt that they have souls.
Don’t feel “morally” obligated to give them your money.
Posted by Christine on 07/25/2008 at 11:56 PM
*** 20 Reasons to STOP paying your credit cards! • Reader mail • (1) Comments • Permalink
You’re so right, anyone that refuses to see that this whole “system” is failing right before their eyes will suffer immensely. I thank the stars that my dad was one of those weird conspiracy theorist and taught us to never trust a system lead by money. I know when the economic collapse happens; and it will; I will be able to provide the basics for my family. Stop living in a reality that doesn’t exist people! We may sound strange and crazy, but do the research and it will all start adding up.
