Everyone's Doing It!
Read this article in MSN Money which talks about many people who have successfully sued their creditors. Many of these people use our techniques!
Sample Excerpt From the eBook
The Problem
Consumers are being hurt right and left by the carelessness of Credit bureaus and unethical practices of collection agencies.
It's true that the credit bureaus databases on the credit histories are full of inaccuracies; a recent study put the figure at 1 in 3 credit reports contains inaccurate data. It’s true that the large amount of data the credit bureaus handle make it difficult to stay on top of things and make sure their databases are correct. Credit bureaus are for-profit corporations who could be doing more with their profits to make sure that the data they have is accurate.
In some cases, the data inaccuracies are grievous, making it difficult or impossible for some people to purchase a home, pay higher interest rates or insurance premiums. To prevent undue hardship from befalling innocent consumers, the credit bureaus should be making a bigger effort to ensure data accuracy in their credit databases. So what is a consumer to do? Call your congressman, lobby congress? Sure, you can do all these things, and in time, laws may be tightened which will help protect the consumer. However, these things take time, lots of time. And actually, the laws are in somewhat decent shape as they stand right now; they are just not enforced as well as they should be.
Enforcement of the current consumer credit protection laws
I’m going to run some figures by you to show you what a huge problem it is to enforce the current laws. In each case, the numbers used are going to be conservative, which means the scope of the problem is probably much bigger than these numbers show.
If you figure that this country has 260 million people, with some too young to have a credit file and some don’t have a credit file at all, there are at least 100 million credit files for the bureaus to maintain.
If 1 in 3 credit files are inaccurate, then there are 33 million cases where the credit bureaus might be contacted to correct the problem.
If you consider that only 5% of these inaccuracies are impossible to remove through the fault of the creditor or the creditor not taking the time to investigate the problem or just being unresponsive, then there are 165,000 cases which should be handled by the Federal Trade Commission (FTC).
If you figure that that in a good year, the FTC in Washington has 1000 workers just to investigate complaints, and each case takes 7 days to investigate, then it will take 1155 days or 3.14 years to investigate the current cases, that is, if everyone complained about the problem. And this is for current cases. As time goes by, obviously, more and more inaccurate data is entered into a consumer’s credit file.
So how come the FTC isn’t drowning over all of the complaints it receives each year? People aren’t complaining as much as they should be. Many people aren’t even aware of their rights.
...
Small claims court is quick and easy
You are allowed in most states to recover damages from $3000 - $7000, which is usually an ample amount to sue. Some states allow larger sums (example Tennessee – up to $15,000).
Taking action will not only help to bring about the change that is necessary in the way these companies operate, but the matter gets resolved quickly, and you stand to be compensated for your frustration. See the section below for help on filing a claim in small claims court.
Advantages:
- In some states, you just fill out a pre-printed form and file it.
- Cheap to file (under $50 in most states)
- Case is decided quickly
But there are some disadvantages to these courts:
- Small claims court judges are often just justices of the peace or other civil servants who do not have a law degree. They often don’t understand the finer points of laws or the application of case law. (Note: this is not always the case.)
- In some cases, you cannot use a lawyer in small claims, should you choose to use one.
- In some states they do not allow discovery or request for production of documents. (We will explain what this is later.)
- Some judges (due to ignorance) will say that you can’t user the FCRA or FDCPA in small claims court, it’s only good in federal cases. You can’t argue with the judge in these cases.
This booklet covers all the way you can legally protect your rights and make those who are harming you pay real money as a consequence of your actions.
Order Now! and Fight Back!
Testimonials
"I won the case, the lawyer was a fill-in for the creditor and he had nothing in his possession as evidence so he asked the judge, per instructions from them, to dismiss the case and of course I agreed, case over. Thanks for your help I really appreciate it and working with me thank you!" ~ Ken
I just wanted to thank you for the tutorial you provide on debt validation. I recently had a collection agency contact me claiming that I owed a debt for a credit card that I know I had paid off 5 years ago. I couldn't however provide proof of such, and didn't know what to do when they started threatening me.
I started doing some research on the internet and came across your eBooks. I learned a great deal about my rights, but also used the example letter than you provided in order to demand that they provide proof that I owed the debt, but also only contact me in writing. Previous to me sending the letter, they had already called me repeatedly on my cell phone, work phone, my boss's phone and even reached out to relatives. Within a week after I sent the letter, the phone calls stopped. It was then on day 29 after I sent the letter that I received a letter back from them stating that my account was "placed on cease and desist status, my account was being closed, and that they would pursue no more action against me."
Just as the book said,, when I sent the letter demanding proof, they "bowed down." Thank you for everything. If at any point you decide to provide testimonials on your website, you may feel free to use mine. Thank you again. - Jaremy
I wanted to let you know that your books are very well done. You give great points for people to follow and I will be sending a lot of people to read it. Thanks! - Marie
The original suit was filed against me in small claims...where I LOST. The dumb ass magistrate ruled against me even though the CA had no valid proof. After doing some research on the internet, I found your book and discovered what REAL proof is, I immediately appealed.
On appeal, it was obvious that they had nothing but smoke and mirrors as proof. Their only evidence was a few internally generated documents and an affidavit of lost note, an affidavit signed by a prior CA and an illegible, unsigned photocopy of a CC agreement dated NINE YEARS AFTER THE ALLEGED ACCOUNT WAS SUPPOSEDLY OPENED!!! (Talk about a reach!). They had NOTHING from the OC. They could not prove one charge, one payment or even that the SOL had NOT expired.
Using the information in the book, I filed counterclaims for FDCPA violations against the CA and the CA's attorney personally. Once the counterclaims were filed and served, it was a matter of days until it was all over. I worked pretty hard for the $1500 I won, but I also taught that bottom feeder a lesson. - Steven.
Order Now! and Fight Back!
|
