tag:blogger.com,1999:blog-32476815777499253562024-03-18T20:29:37.687-07:00Congress: Create Debt Neutrality Rights for Paying Down Credit Cards & Student Loans.We have to do more than investigate the criminals, we also have to Resuscitate the Victims.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.comBlogger63125tag:blogger.com,1999:blog-3247681577749925356.post-61903413177492110602019-12-15T19:29:00.002-08:002019-12-15T19:29:26.347-08:00Join me on DailyPUMA.<span style="font-family: Trebuchet MS, sans-serif;"><a href="http://www.dailypuma.blogspot.com/" target="_blank">DailyPUMA</a></span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">Please consider viewing and then signing the Debt Neutrality Petition <a href="https://www.change.org/p/united-nations-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans" target="_blank">by clicking here.</a></span>Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-47623560857136993482016-11-07T05:49:00.001-08:002016-11-07T05:50:14.536-08:00Forbes Article Proves Donald Trump could face Income Tax Fraud Charges and Billions in Penalties if Trump loses the 2016 Presidential Election to Hillary Clinton.<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://dailypuma.blogspot.com/2016/11/forbes-article-proves-donald-trump.html" style="font-family: 'Trebuchet MS', sans-serif; font-size: x-large; text-align: justify;">Forbes Article Proves Donald Trump could face Income Tax Fraud Charges and Billions in Penalties if Trump loses the 2016 Presidential Election to Hillary Clinton.</a><span style="font-family: "trebuchet ms" , sans-serif; font-size: large; text-align: justify;"> </span><br />
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<span style="font-family: "trebuchet ms" , sans-serif; font-size: large;">Please consider signing the Debt Neutrality Petition <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.</span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-12261595132503106242016-11-06T02:47:00.001-08:002016-11-06T02:47:30.591-08:00Donald Trump Bombshell. The Real Reason Donald Trump won't release his income tax returns, Donald Trump may face IRS Tax Fraud, Income Tax Evasion, billions in penalties, and possibly Jail Time.<div style="text-align: justify;"><span style="font-family: "trebuchet ms" , sans-serif; font-size: large;"><a href="http://dailypuma.blogspot.com/2016/11/donald-trump-bombshell-real-reason.html">Donald Trump Bombshell. The Real Reason Donald Trump won't release his income tax returns, Donald Trump may face IRS Tax Fraud, Income Tax Evasion, billions in penalties, and possibly Jail Time.</a> </span></div><div style="text-align: justify;"><span style="font-family: "trebuchet ms" , sans-serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><span style="font-family: "trebuchet ms" , sans-serif;">Please consider signing the Debt Neutrality Petition by <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.</span></div>Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-72863169521966680552014-09-06T20:52:00.001-07:002014-09-06T20:52:31.221-07:00Debt Neutrality Petition reaches 657 signatures on Change Dot Org.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Feel Free to use any of the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petitio</a>n images below for your facebook page or twitter account or blog.</span></div>
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Please consider viewing and then signing the Debt Neutrality Petition by clicking here.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-86105106672122901382014-05-03T01:23:00.000-07:002014-05-03T01:23:00.166-07:00Quicken Loans doesn't do safe, first lien HELOC's or REHELOC's but hey, they gotta a great deal on a Reverse Mortgage, lol.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Respect I may have thought I had for Quicken Loans went out the door when I discovered they presently do not offer first lien HELOC's or first lien REHELOC's, but would be more than happy to put me into a reverse mortgage that over time might result in 70 to 80% of the entire home's equity going to the mortgage insurance premiums and interest rate charges on the equity taken out of the home, also known as a long term rip off program, no?</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">So HUD, by pushing HECM's, has effectively throttled responsible homeowners who have no mortgage but would like to pull equity out of their home via a first lien HELOC, or, pay off their present first lien HELOC with a new HELOC, aka a first lien REHELOC.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I'm just shocked at how horribly our government is treating retiree's who responsibly paid of their homes and are asset rich but cash poor and can easily collateralize any equity taken out of their homes because they don't have a mortgage.</span></div>
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Please consider viewing and then signing the Debt Neutrality Petition by clicking here.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com3tag:blogger.com,1999:blog-3247681577749925356.post-3139489315887213142014-04-03T14:43:00.001-07:002014-04-03T14:43:25.144-07:00Credit Card Market Faces Regulator Probe | Key 103 Manchester<div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">If you visit the Consumer Financial Protection Bureau's debt collection practices commentary site, <a href="http://www.regulationroom.org/users/debt-neutrality-petition/comments" target="_blank">Regulation Room dot org</a> (you will need to click on the small white arrow located within the rectangular blue box to see the comments), I left several dozen comments about Credit Card Practices that need to change. </span></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.key103.co.uk/news/business/20140403-credit-card-market-faces-regulator-probe/" target="_blank">In England they are actually going to do a review of credit card practices,</a> something the CFPB in the U.S. has been reluctant to do so.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.key103.co.uk/news/business/20140403-credit-card-market-faces-regulator-probe/#.Uz3UTt_LuRY.blogger">Credit Card Market Faces Regulator Probe | Key 103 Manchester</a> </span></div><div style="text-align: justify;"><br /></div> Please consider viewing and then signing the Debt Neutrality Petition by clicking here.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-16952776925873082722014-03-29T11:10:00.001-07:002014-04-02T11:43:24.408-07:00Motley Fool Credit Card Article "Is Your Credit Card Interest Rate Above 20%? This Chart Shows Why." is a load of propaganda.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.fool.com/investing/general/2014/03/29/is-your-credit-card-interest-rate-above-20-this-ch.aspx#.UzcJYDTkAA8.blogger">Is Your Credit Card Interest Rate Above 20%? This Chart Shows Why.</a></span></div>
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<span class="Apple-style-span" style="font-size: large;">Motley Fool article is way off the mark in this blog's opinion. Credit Card Debt is the BIGGEST profit center for banks. </span></div>
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<span class="Apple-style-span" style="font-size: large;">What Motley Fool fails to acknowledge is that as time goes on not only are consumers paying a ridiculously high interest rate on credit card debt, but a significant portion of the credit card debt is interest rate charges that are accruing more interest rate charges!</span></div>
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<span class="Apple-style-span" style="font-size: large;">One way to show how foolish Motley Fool is regarding this credit card debt article would be to create a graph that reveals what percentage of all credit card debt is actual interest rate charges that are "nestled", or nested, into the credit card.</span></div>
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<span class="Apple-style-span" style="font-size: large;">If a credit card customer with a 5,000 dollar credit line defaults after 15 years, but in that 15 years time paid 15,000 dollars in interest rate charges and of the 5,000 dollars still owed 3,500 is additional interest rate charges that just keep accruing, just how badly did the credit card company lose? But wait, lets factor in that credit card companies are UNINTERESTED in collecting the defaulted debt if it were to be paid back slowly with no more interest rate charges, penalties or fees added in.</span></div>
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<span class="Apple-style-span" style="font-size: large;">I didn't realize that Motley Fool (in my opinion) was such a government propagandist by actually justifying a 20% or higher interest rate charges on a credit card, wow.</span><br />
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Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-69376965345804084602014-03-26T13:34:00.002-07:002014-03-29T11:21:36.876-07:00Mathematical Example that Shows when a Reverse Mortgage is a bad idea.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Example 1, when Reverse Mortgages are a bad idea.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Retired couple wants to supplement their social security income by withdrawing 500 dollars a month against the value of their paid off $500,000 home via a reverse mortgage. They consider this to be a 20 year plan.</span></div>
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<u><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Unfortunately, the entire value of the home will be absorbed after 17 and 2/3's years in the following manner. The couple will get $106,500 in 500 dollar monthly payments while accruing interest rate charges on the money taken out by the couple </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">plus the mortgage insurance premiums will be approximately 393,500!</span></u></blockquote>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I used a mortgage insurance premium interest rate of 1.5% on the full value of the home (it can be as high as 3% and perhaps down to 1.25%) plus 7.5% interest rate charge on the entire equity that has been taken out of the house (meaning mortgage insurance premiums on the full value of the house plus the modest monthly draw being taken out by our frugal, retired couple) for my calculation.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Now it is possible that the home may go up in value during that 17 years time. However, will increase in home value be absorbed by a higher and higher mortgage insurance premium amount as the value of the home rises? If the answer is yes, than a long term reverse mortgage may be a horrible long term program.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">So when is a Reverse Mortgage "acceptable"? I don't know all the examples but three that come to mind would be, home is about to be lost to foreclosure and the Reverse Mortgage prevents that from happening. </span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">A second example would be Reverse Mortgage is used for needed home improvements so the home is more easily sellable in the near future.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">A third example would be for whatever reason, getting a large chunk of money out right away while still being able to live in the home for a "while" is desired.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">In my opinion, think of Reverse Mortgage as a short term plan, probably for most people 5 years or less would be my guess, but keep in mind that even if the home is sold within five years, there will still be signifcant amount of equity that went to the mortgage insurance and interest rate charges charged on whatever equity was converted to cash.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">A HELOC is probably a more superior financial product but <a href="http://debtsuspensionrights.blogspot.com/2014/02/government-sequestration-of-elderly-100.html" target="_blank">the government in their questionable wisdom has basically shut out 99% of all retirees from being eligible for a HELOC based on their social security income.</a> It appears that Dodd / Frank bill is to blame for this.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-55579355212244489322014-02-28T13:27:00.002-08:002014-03-29T11:21:56.445-07:00Consumer Financial Protection Bureau Pay Day Loan "Solution" about to Endanger Millions of Seniors and those with No Savings.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The following is an email that was sent to the 600 plus signers of the Debt Neutrality Petition. When you sign the Debt Neutrality Petition, you also get 1 or 2 free email updates every month regarding important consumer debt issues that seem to not reach the main media radar.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Debt Neutrality Petition has uncovered banking news that may adversely affect millions of seniors and those on a strict budget after Mid May of 2014. Apparently ALL BANKS are DISCONTINUING their direct deposit advance program by mid May of 2014!</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>For those of you who have never used direct deposit advance, you have been blessed! However, if you have found yourself financially short before the end of the month and just need a one time advance to prevent a chain reaction of penalties and fees for being late on various bills, then direct deposit advance could be a sparingly used, but much needed lifeline.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>One big problem with direct deposit advance has been the 1.50 fee per 20 dollars borrowed for what might just be one week, or less! That works out to 693% interest! Rather than drop that ridiculous $1.50 per 20 dollars charge to a still very high but much more reasonable 1 dollar for ever 25 dollars borrowed, the CFPB has apparently scared off the banking industry from offering the direct deposit advance program all together.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>I previously wrote that the CFPB is more about enforcing the alignment of balding tires on a car versus making the situation more palpable for people to get new tires. In the issue of direct deposit advance, the CFPB has actually blown out the balding tires and made the situation far far worse, especially for seniors!</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>99% of all Home Owning Seniors living on social security income DO NOT qualify for ANY TYPE OF LOAN other than a Reverse Mortgage (you heard it here first). Most of the time a Reverse Mortgage is a mega rip off in which the mortgage insurance monthly premiums may be HIGHER than the monthly amount the senior wants to take out of their own paid off home!</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>So if a senior citizen WHO OWNS THEIR HOME has a sudden, one time need for a relatively small amount of cash; they could have a perfect payment history, a 725 credit score, have social security income, and still be denied ANY AMOUNT OF MONEY from any type of loan presently being offered by our wonderful banks. This is beyond criminal.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>I am probably the first person and maybe the only person warning you about the dramatic shift into an extinction of loan opportunities for retired homeowners, and how the CFPB has managed to jeopardize the very people they are supposed to be helping by killing off direct deposit advance.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>I have literally bent over backwards to greet the CFPB when they came to Los Angeles for a meeting in May of 2013. I reached out to them with well researched documents, and I also commented at that meeting and have posted comments on their facebook page, but the CFPB doesn't appear to feel my research needs to be addressed or taken seriously.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Even if you have never used direct deposit advance, please read this short story on how easily you could suddenly need direct deposit advance, if only for one month.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Someone's bank account was compromised by fraudulent third party billing by a person they had never meet. The bill of around 60 dollars was simply deducted from the victim's account. The victim fortunately discovered the fraud almost as soon as it happened and immediately reported it to their major bank (Wells Fargo).</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>It took Wells Fargo 10 business days to actually review the claim! (actually 15 when weekends and a Monday Holiday were added in.) For those 15 days this person's account remained in the negative because of the fraud.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>The victim had two very small credit card bills to pay but suddenly the money allocated for those two bills had been electronically stolen by someone they never met. (The person's name and the name of the company accepting the payment did appear on their online banking statement).</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Now imagine if direct deposit advance were not available. Those two bills would have gone unpaid, risking the victim to a rate hike in interest from their special rate of 4.9% to as high as 29%!</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>A couple of months from now, just one fraudulent third party access to an account with no direct deposit advance option could cause one to lose whatever solid interest rates they have managed to get from their credit card companies.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Someone is able to get a bill fraudulently paid via an unsuspecting bank customer's account and by the time the victim discovers the fraud, reports it and the slow moving banks fix the situation, the victim misses two payments because there is no direct deposit advance anymore.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>The banks needed 2 business weeks, plus four weekend days, basically that's 15 days to resolve any fraudulent activity on the victim's account. If the fraudulent activity puts the victim in the red, and if their credit card overdraft kicked in putting them over their limit, they could literally have their finances come to a screeching halt for weeks.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Even though the victim immediately reported the fraud on their account, the banks WILL NOT suspend the fraudulent activity until AFTER their investigation is complete.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i><br /></i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>If you instead use cash advance from another credit card to pay those bills, you will then need to make more than the minimum payment to make sure that the ultra high cash advance interest rate charge doesn't nestle into the credit card accruing high interest rate charges month after month. Ironically, making a credit card cash advance can be potentially just as bad as the usurious rates being charged on direct deposit advances.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i><br /></i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>In my opinion services like LifeLock charge too much per month, something like 25 dollars per month or 275 dollars per year. In my opinion, it should be five bucks a month for a service like Life Lock, not 25 dollars. Then it becomes a no brainer to do it.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i><br /></i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>The CFPB screwed up big time by scaring the banks away from direct deposit advance.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i><br /></i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Please try and make some type of financial arrangements in the event you are a victim of withdrawal fraud on your bank account so you don't become financially frozen while the bank takes up to 15 days to fix the fraud.</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Sincerely, Alessandro Machi</i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i><br /></i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><i>Below are some blog links if you want to read about financial terrorism articles I have written in the past. </i></span></div>
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<i><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.debtsuspensionrights.blogspot.com/">http://www.debtsuspensionrights.blogspot.com</a> , </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.debtneutrality.blogspot.com/">http://www.debtneutrality.blogspot.com</a> , <a href="http://www.parallelforeclosure.blogspot.com/">http://www.parallelforeclosure.blogspot.com</a> . </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.swarmthebanks.blogspot.com/">http://www.swarmthebanks.blogspot.com</a> , </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.wallstreetchange.blogspot.com/">http://www.wallstreetchange.blogspot.com</a> , </span></i><br />
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.credit-protector.blogspot.com/"><i>http://www.credit-protector.blogspot.com</i></a></span><br />
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<i>This message was sent by Alessandro Machi using the <a href="http://Change.org/">Change.org</a> system. You received this email because you signed a petition started by Alessandro Machi on<a href="http://Change.org/">Change.org</a>: "Congress: Create Debt Neutrality Rights for Paying Down Credit Cards & Student Loans.." <a href="http://Change.org/">Change.org</a> does not endorse contents of this message.</i><br />
<a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans?utm_source=supporter_message&utm_medium=email&utm_campaign=petition_message_notice"><i>View the petition</i></a><br />
<i><a href="http://www.change.org/account_settings/petition_updates_opt_out?email_id=QUXBFWHXZJTAAJNAQXLM&event_id=522759&ue=emn&utm_source=supporter_message&utm_medium=email&utm_campaign=petition_message_notice">Unsubscribe from updates about this petition</a> (end of email)</i><br />
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<i><span class="Apple-style-span" style="font-style: normal;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></i></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-56531373482815354102014-01-31T07:05:00.004-08:002014-03-29T11:22:46.017-07:00Consumer Financial Protection Bureau Reg Room January 2014 Call To Action for Veterans and Seniors.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Important notice for veterans and seniors regarding debt collection practices.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">We here at <a href="http://www.RegulationRoom.org/">www.RegulationRoom.org</a> want to say "thank you" for joining the discussion on Consumer Debt Collection Practices. The time period for commenting ends soon - don't miss your chance to have your voice heard. Your input helps CFPB decide what to do next. The more they hear from consumers like you, the more fair and effective the regulations will be.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">If you know someone who has a story to share about debt collection, please spread the word by sharing the link to <a href="http://www.RegulationRoom.org/">www.RegulationRoom.org</a></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">We haven’t heard much from older consumers and current or former members of the military on www.RegulationRoom.org, and CFPB wants to know what issues these groups face that it needs to address.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Thank you again for helping us in our mission to give everyone a real voice in government decision making. We hope to see you again soon on <a href="http://www.RegulationRoom.org/">www.RegulationRoom.org</a>.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Sincerely,</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The Regulation Room Research Team</span><br />
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span>
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-21822754445876398232013-12-28T19:28:00.001-08:002014-03-29T11:23:06.168-07:00The ugly reality of lowering debt by default<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The ugly reality is that debt is not lowered by Default, it is just hidden. Please sign the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition.</a></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span></div>
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<a href="http://money.cnn.com/2010/09/28/pf/consumer_debt_default.fortune/"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The ugly reality of lowering debt by default</span></a></div>
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Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a><br />
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-106256372564946712013-12-11T20:45:00.001-08:002014-03-29T11:23:23.940-07:00Debt Neutrality Petition Signers, please leave your Comments or Observations in the Comment Section of this Topic.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Dear Debt Neutrality Petition Signer, this is your opportunity to leave a response to the occasional email you receive regarding Debt Neutrality Petition News in the comments section. Or if you have a suggestion, leave it in the comment section as well.</span><br />
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span>
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-86007209234633267742013-11-04T12:36:00.003-08:002014-03-29T11:23:42.359-07:00Amazing News, Debt Neutrality Petition now has over 500 signatures on Change dot org.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Thank you to those who promoted <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans" target="_blank">Debt Neutrality on Change dot org.</a> It is truly humbling to have an idea that others see the value in.</span><br />
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br /></span>
<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-1534401646949438412013-04-16T19:02:00.001-07:002014-03-29T11:24:07.468-07:00Dee Lee Of WBZ NewsRadio 1030′s Money Matters Discusses Credit Debt « CBS Boston<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://boston.cbslocal.com/2013/04/16/about-your-debt-and-how-to-manage-it/#.UW4B3_DcI6A.blogger">Dee Lee Of WBZ NewsRadio 1030′s Money Matters Discusses Credit Debt « CBS Boston</a> What a horribly arrogant and misguided article Dee Lee has written on Money Matters.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Dee Lee focuses on how consumers treat credit as a privilege, even a constitutional right. </span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">What Dee Lee does not do is point out that Debt Suspension should also be a consumer right in times of a legitimate crisis.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Dee Lee does not focus on how a debt instrument, aka a promissory note, should also be a consumer right in times of a financial crisis that may not be directly the fault of the consumer in question, and that is apparently not a consumer right either. </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Shame on Dee Lee for being so one sided.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com1tag:blogger.com,1999:blog-3247681577749925356.post-88705314558733215582013-04-16T08:33:00.001-07:002013-04-16T08:33:56.323-07:00NY Fed Misdirection, Reports..."U.S. consumer debt rises in fourth quarter: NY Fed - BNN News" as if it were a good thing.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Contrary to the New York Fed celebration as <a href="http://www.bnn.ca/News/2013/2/28/US-consumer-debt-rises-in-fourth-quarter-NY-Fed.aspx#.UW1uq56E2dI.blogger">U.S. consumer debt rises in fourth quarter: NY Fed - BNN News</a>, rising consumer debt is actually a bad thing.</span></div>
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Please consider signing the Debt Neutrality Petition by <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.</div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-41122235879817022722013-04-13T22:40:00.001-07:002014-03-29T11:24:42.408-07:00IPS – U.S.: Occupy Affiliate Aims at Abolishing Consumer Debt | Inter Press Service<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://www.ipsnews.net/2013/04/u-s-occupy-affiliate-aims-at-abolishing-consumer-debt/"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">IPS – U.S.: Occupy Affiliate Aims at Abolishing Consumer Debt | Inter Press Service</span></a></div>
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Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a><br />
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-76005472349807129412013-04-05T16:35:00.001-07:002014-03-29T11:24:57.540-07:00In the U.S., there apparently is a Debt Collectors Code of Conduct, in Britain, debt collectors can force the sale of a home for as little as a 1,000 pound debt.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">In the U.S. we apparently <a href="http://www.marketwatch.com/story/the-center-for-consumer-recovery-endorses-nomination-of-richard-cordray-to-lead-the-consumer-financial-protection-bureau-2013-03-28" target="_blank">now have the debt collectors Code of Conduct</a>, in England, <a href="http://www.independent.co.uk/money/loans-credit/1000-debt-could-force-you-to-sell-your-home-8562606.html" target="_blank">the government appears to be licking the boots of the debt collectors</a>, actually allowing debt collectors to force the sale of a home to collect on debt of as little as 1,000 pounds or more.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-38006654186138441262013-03-28T11:47:00.001-07:002014-03-29T11:25:28.248-07:00A Code of Conduct for the Debt Collection Industry, are you kidding me!<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><a href="http://www.marketwatch.com/story/the-center-for-consumer-recovery-endorses-nomination-of-richard-cordray-to-lead-the-consumer-financial-protection-bureau-2013-03-28" target="_blank">If this Debt Collection Code of Conduct goes through</a>, it will revolutionize Debt Collection, and in an incredibly good way. I'm going to clip the key comments of the Code of Conduct just in case the link ever goes bad...Below are five main points the article brings up, but definitely check out the link as they make other great points as well...</span></div>
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<i><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">1. To never attempt any collection effort on any credit card debt that is beyond the statute of limitation. </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">2. To never file a lawsuit for collection of credit card debt. </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">3. To never charge interest on a credit card debt that was charged-off by the original issuer. </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">4. To never attempt to contact the consumer regarding credit card debt by telephone more than two times in any one 24-hour period. </span><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">5. To never resell credit card accounts to anyone who has not signed the Code of Conduct Pledge.</span></i></blockquote>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I am STUNNED that there is a Debt Collectors Code of Conduct. Alhough The Debt Collectors Code of Conduct is five years too late, it is still fantastically better than not doing it all.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">And don't forget the clown idiot of our times, Darryl Issa, who rabidly OPPOSES The Consumer Protection Financial Bureau.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-51298972440812441672013-03-13T19:42:00.001-07:002014-03-29T11:25:47.539-07:00Household debt falls to record low in 4Q...Or did it?<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.chicagotribune.com/business/breaking/chi-household-debt-falls-to-record-low-in-4q-20130313,0,6446236.story"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Household debt falls to record low in 4Q</span></a><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">This is the typical, desperate news propaganda story that cries out, <i><u><b>Yeah, soon we can kick the can down the proverbial road, AGAIN!</b></u></i></span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The comical part is that if you keep reading the article, the "fine print" gets revealed near the end. Lowered Credit Lines is one of the reasons that debt versus household income ratios are improving. </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><u>The REALITY IS,</u> the economy needs to string about 20 of these quarters in a row before real improvement occurs, and that CAN NEVER happen because <b><u>as soon as even a modicum of good news gets reported, it is LEVERAGED to way beyond the true value the good news could ever muster.</u></b></span></div>
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Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a><br />
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-24076369388978565182013-03-08T22:43:00.001-08:002014-03-29T11:26:11.406-07:00AP reports on Consumer Debt as if more of it is a good thing.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">How can the U.S. and the world's economy ever recover if the media forces that be <a href="http://www.usnews.com/news/business/articles/2013/03/07/us-consumer-debt-up-162-billion-in-january" target="_blank">continue to report that an increase in consumer debt is a good thing</a>?</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-56820118638336078052013-02-13T06:13:00.002-08:002014-03-29T11:26:29.723-07:00Consumer Credit Card Debt Being Under Reported by 20% to 30%? OUCH!<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">The <a href="http://www.tulsaworld.com/business/article.aspx?subjectid=316&articleid=20130213_15_E4_CUTLIN134259" target="_blank">number put on U.S. credit card "zombie debt" in 2013 is between 150 billion and 175 billion dollars.</a> </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">However, this number may not include credit card debt that has gone to the courts and a judgement has been procured by the credit card companies. I would suggest that we could safely guess another 100 billion dollars in court ordered credit card payments as well.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">That means as much, or perhaps more than 250 billion dollars of credit card debt IS NOT being reported whenever consumer debt reports come out. </span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">OUCH!</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-48538676006177031062013-02-06T16:00:00.003-08:002014-03-29T11:26:52.069-07:00Even the Peace Corps like increasing Consumer Debt, gasp.<div dir="ltr" style="text-align: left;" trbidi="on">
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">I kind of find it amazing that <a href="http://peacecorpsworldwide.org/popular-freakonomics/2012/08/21/increased-consumer-spending-a-good-sign/" target="_blank">the Peace Corps would be in favor of more consumer debt.</a> Their rationale is that it means more jobs which in turn fuels consumers "confidence" in borrowing more. This what is called an unending ponzie scheme that fails to take into account increased pressure on the world's precious resources, a necessary schism for economic growth to occur.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">This in turn just leads to more wars and more debt and more consumer interest charges on that debt, which eventually leads to loss of consumer wealth and the transfer of that wealth to the banks, the government, and wall street.</span></div>
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Look for Canada to fall hard in the next year or two from mounting consumer debt caused from a bubble of increasing home values.</span><br />
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<span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><span class="Apple-style-span" style="font-family: Helvetica; font-size: small;">Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></span></span></div>
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Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-25530405141188790732012-12-06T13:05:00.001-08:002012-12-06T13:05:15.500-08:00Consumer Debt Trends Not All Roses, Says Collection Firm Johnson Morgan and White<div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">This is exactly what I have been claiming, that overall consumer debt levels are higher because of third party debt collection activities and court actions. Plus, cars have aged, that is why auto debt is down.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;"><br />
</span></div><div style="text-align: justify;"><a href="http://www.i-newswire.com/consumer-debt-trends-not-all-roses/205409#.UMEIF1kFyho.blogger"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Consumer Debt Trends Not All Roses, Says Collection Firm Johnson Morgan and White</span></a></div><div style="text-align: justify;"><br />
</div>Please consider signing the Debt Neutrality Petition by <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-207919353915041472012-11-22T01:14:00.001-08:002012-11-22T01:14:44.710-08:00Chase Bank spits out a hairball class action lawsuit settlement regarding raising their customers monthly minimum payment by 150%.<div style="text-align: justify;"><a href="http://thecatwhoatechasebank.blogspot.com/2012/11/chase-bank-spits-out-hairball-class.html"><span class="Apple-style-span" style="font-family: 'Trebuchet MS', sans-serif; font-size: large;">Chase Bank spits out a hairball class action lawsuit settlement regarding raising their customers monthly minimum payment by 150%.</span></a></div><div style="text-align: justify;"><br />
</div>Please consider signing the Debt Neutrality Petition by <a href="http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans">by clicking here</a>.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0tag:blogger.com,1999:blog-3247681577749925356.post-27419504712943146862012-11-04T00:10:00.001-07:002014-03-29T11:27:38.360-07:00Our average debt is almost €10,000 now via @independent_ie, say Irish newspaper.<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://www.independent.ie/business/irish/our-average-debt-is-almost-10000-now-3281762.html">Our average debt (In Ireland) is almost €10,000 now via @independent_ie</a><br />
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It starts with a 2% monthly minimum credit card payment, and that small credit card monthly minimum payment erosion grows over time until it suffocates the middle class.<br />
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Please consider viewing and then signing the <a href="http://www.debtneutralitypetition.com/" target="_blank">Debt Neutrality Petition by clicking here.</a></div>
Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.com0