A couple of weeks ago I stumbled upon a website, Federal Debt Relief System, which has a decent amount of information regarding the money system. They have information on banking history, money creation and unsecured debt.
Having a decent amount of credit card debt, I decided to apply for their services for relieving unsecured credit card debt. Last Thursday I was called by a representative from the company and he told me how the process works and we also discussed the money and banking systems in depth.
Our Discussion on the Nature of Unsecured Debt
We talked about how credit card companies operate to defraud their customers into thinking that they are loaning them
their money, when in fact they are simply creating a promissory note and a demand deposit account in the name of the customer.
There is simply no way that the company can prove that the money paid to me was drawn from their accounts. Thus, we concluded, is one of many reasons why no debt is owed to the credit card company.
Another point that we discussed was the fact that the "card member agreement" is non-binding since it is "subject to change." This means that there is no contractual obligation for the card holder to follow the terms outlined in the agreement, so it is null and void.
All of the above being the case, the credit card companies are committing mail fraud every time they send you a statement saying that you owe them money or late fees, since they never lent you anything to begin with.
Our discussion and the research that I had done into the matter over the past few years lead me to believe that I should stop making payments to my unsecured credit cards and should begin the 18 month conflict resolution process.
The Conflict Resolution Process
From the point that I agreed to take on their services, I am not to pay any credit card bills and the credit card companies and/or debt collectors are not allowed to call me during the 18 month conflict resolution period as defined by law.
One of the attorneys out of their network is going to send a request for information to each of my creditors via registered mail, in order to establish a paper trail. I am told that these notices are typically responded to with a "no response" response.
I was also informed that it doesn't take long for the credit card company to sell the "debt" to a "debt collection service," which may sue in order to attempt collection of the "debt." These "debt collection services" generally do not operate within the confines of the law and are easily defeated and they are often forced into settling out of court with no payment whatsoever.
It is my understanding that, during the dispute resolution process, the
Fair Credit Reporting Act protects me from blemishes on my credit report, though this may occur anyway. Once the matter is resolved between the "debt" collectors and my self, the credit report is to be expunged even if it means suing the credit reporting companies themselves.
Conclusions
Having studied law, the banking system and conspiracy in general for several years, I feel this is an opportunity for me to get some hands on experience fighting the system. I realize that there is an element of risk involved and that I may end up with bad credit if the FDRS service and/or myself make missteps along the way.
I feel that these risks are warranted, given the criminal nature of the banking system, and I actually feel that it is my responsability to take my legal rights into my own hands.
If any of you have worked with FDRS.org, I would be interested in hearing your comments on this matter. I will be posting the progress of this situation as it unfolds. The process has only begun, so I expect that it will be a month or two before things start happening.
