Free Credit Counseling

Millions Of New Foreclosures, But Why Are You Not Hearing About Them?

It is a fact that there are more new foreclosures today than there were a year ago. So, how is it that a year ago that's all you heard, and today you barely hear a peep about it. Well. other than the fact that then was pre Obama and now is post Obama, you know, we cannot have the masses believe that this presidents policies are not working. There is also another reason.

As you know, my intention is always to impart knowledge that is self empowering to you the reader. After all, this newsletter is about you, not me. So I would like to share with you a video I very recently came across on youtube. The two guys look like unkempt used car salesman, which may be intentional on their part, but when they speak, it's wisdom and knowledge.

Before I give you the link, a few words are in order, generally, about where this economy is headed. Please do not be fooled by the smoke and mirror game of Wall street. The people making the big money have absolutely nothing to do with you. The banking game has nothing and everything to do with you. The fact is, it is the banks still in control as they have been, and the Federal Reserve calling the shots. Just to give you another tidbit, here is how banks make money. Say you get a credit card with a 10,000 dollar credit line. Where do you think that money comes from? Well, if we are talking about a bank and not a credit union which operates differently, the bank puts up 2,000 dollars of its money and the remaining 8,000 dollars comes from the Federal Reserve at an almost 0 rate of interest. The bank then charges you, up to 30% interest on the money it just borrowed at almost no interest.

This is part of the game of how banks keep you in perpetual debt slavery, setting you the debtor up as there lifetime annuity. And, wow!, what a payoff it is. I am not advocating defaulting, but think about this the next time you are hit with a late payment for one day.

Unemployment will remain high for years to come. As a matter of fact, just wait until next year, when all the new taxes start. These new taxes, Cap and Trade, new taxes on health plan providers, new taxes from states, especially, those looking at bankruptcy next year, and their are about thirteen of those. This is not an environment for job creation.

OK, here is the video link: MARK TO MARKET CHANGES. As you watch the video, thing clearly about your own debt situation, if you have one. If you are finally ready to break the stranglehold you are in, please feel free to contact American Debt Enders or call us at: 877-766-2465 for a free no pressure credit counseling consultation, on ways we can help you.

If you enjoyed reading this newsletter, then by all means feel free to subscribe to the: FREE CREDIT COUNSELING NEWSLETTER. If you are already a subscriber, then how about planting some good seeds by passing it on to a friend who you think might benefit.

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

The Power Of Debt Validation

Recently I had occasion to see with my own eyes the power of knowing how to enforce your legal rights when it comes to debt. Debt Validation being one of your rights.

I am often asked, exactly what do you mean by Debt Validation? Well, debt validation is a legal term. In simple terms, it requires that a creditor produce original documentation to support his demand for payment of the debt.

Really, it goes something like this: You borrow 1000.00 dollars from Uncle Vito, the neighborhood loan shark, at lets say 25% interest. Next thing you know, somebody with the nickname "Fats" shows up at your door looking to get paid on the loan you made with Vito. You tell Fats that you made a deal with Vito, and he never told you to pay Fats. So, unless Fats produces some proof that Vito told him to pick up the money for him, you will not pay. You need Fats to produce some original documentation, not some made up copy. This would be a simple form of requiring "Debt Validation".

That's why when a debt collector sends you a notice of demand for a payment, for the first time, they are required to tell you that you have the right to "Have the debt validated”, and if you enforce your right by requesting it, they will send it to you in 30 days. Now usually, what they send you does not constitute a "legally validated debt". If you truly understood the scope of what is required for them to provide to you, you might even be able to eliminate the debt.

Going back to the first paragraph, in which I said I have recently seen a letter from a major creditor, a credit card bank, in which they were unable to validate the debt on a 17 year old credit card. The most important part of the letter is the following” Please be advised we are not able to forward a copy of the original credit card application as the card was opened 17 years ago. Accordingly, we will cease collection efforts immediately". The debt effected was over 15,000.00 dollars. Gone, because someone knew enough to request the right thing.

The validation idea holds true basically, for any type of debt, including Mortgage notes! Yes, that’s right, chances are your mortgage has changed hands many times and many times the original Mortgage note cannot be produced by the bank. They cannot foreclose on your home, unless they can produce the original "Mortgage Note" signed at the closing, a copy will not suffice. The courts are starting to hear more and more cases on these foreclosure actions, and upholding this principal.

So, once again, knowledge is power, and self empowerment will keep you from debt slavery, which is the mission of American Debt Enders. If you are interested in information about a very powerful Debt Settlement/Debt Validation Program, call us at 877-766-2465 for a free consultation.

If you enjoyed this newsletter article, please feel free to subscribe to our FREE Newsletter, by visiting: FREE CREDIT COUNSELING NEWSLETTER

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

Banks Offering Hardship Debt Management Plans.

An interesting development in the world of consumer credit counseling programs has developed. Banks are now offering a new "Hardship Program", with lower minimum payments to anyone who can qualify as a legitimate hardship.

In other words,banks have come to realize that they have been driving away sincere individuals who had a desire to pay their debt but were unable to because when they went to a non-profit credit counseling company, their monthly payments went up, when they tried to enroll into a debt management program, and were turned away due to lack of affordability. Remember, the banks control the non profits.

So, is it that the banks are having a heart? Please, do not be naive. First of all, you really have to qualify for the program. Your hardship must be a hardship in the eyes of the bank, not your credit counselor. The hardship is determined by computer software, not a sob story.

Next, At the same time the banks are imposing stiff annual fees on all card holders. Fees are raging from 29.00 per year to 99.00 dollars per year, and oh yes, lets not forget what they did to your credit score recently, when they lowered the credit limits of their best cardholders to whatever the balance was at the time, thereby severely impacting their credit score, and causing them to borrow money at a much higher interest rate then they otherwise would have had to. I have verified this with a number of finance managers, at lending institutions.

So, if you are still employed and are interested in a Debt Management Program now may be a good time to explore one bu calling us at 877-766-2465.

If a debt management program is not viable for you, even wit a hardship, we have two other debt relief programs available, which can definitely be of help, and none of them includes bankruptcy, which you need to avoid if possible.

If you enjoyed this article, and would like to subscribe to this FREE CREDIT COUNSELING NEWSLETTER, and simply leave your email address.

We never ever share your information! Also-please feel free to pass this newsletter on to anyone who you may know that this could help. You will be creating good Karma--"You will reap what you so".

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
Help@americandebtenders.com
877-766-2465

How To Get Your Credit Score FREE!

OK, loyal readers. This awesome tip comes to you from one of the subscribers to this newsletter.

As you know you can easily pull a Free Credit Report by visiting Annualcreditreport.com. But now you can also get your credit scores absolutely free of charge by visiting: FREE CREDIT SCORE.

It has been to long that the three major credit bureaus have had a monopoly on providing credit scores or FICO scores for a price. Very big business indeed. The geniuses at the above link which is http://www.creditkarma.com/ have come up with a way of giving it to you free. In the spirit of free enterprise they support the site with paid advertising. I say Kudos to them.

There it is. Short and sweet. Please feel free to pass this article to anyone you think may benefit from it. By so doing, you will create good Karma for yourself."We reap what we sow". And, if you are not currently a subscriber to this FREE CREDIT COUNSELING NEWSLETTER just visit the aforementioned link and leave your email address. We never share your information.

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

Free Legal Resource For The Debt Oppressed

As you know if you are a regular reader of this newsletter, we are always looking for resources to self empower you, the reader.

Well, we have noticed that the number of visits to our American Debt Enders, Creditor Legal Resources Pageare growing dramatically. Clearly, as a result of rising unemployment, extortionist tactics being employed by the banks and collection companies, more and more people are seeking free legal advice, to extricate themselves from debt and other ensuing problems.

We have located a site that provides Free legal information. The website address is: FREE LEGAL INFORMATION.They also publish a FREE Newsletter, which you can easily subscribe to.

Unfortunately, we live in a time when the average person finds themselves in positions they never believed they would be in. You work hard, but somehow you have found yourself beholden to your creditors, or something worse has happened as a result of the ensuing stress. If you know someone who is in this situation, please be kind and forward this email to them.

If you enjoyed this article, and are not a subscriber, please feel free to visit: FREE CREDIT COUNSELING NEWSLETTER and become one. We absolutely never share your information. If you have a debt problem, please feel free to call us using the contact information below.

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
Help@americandebtenders.com
877-766-2465