tag:blogger.com,1999:blog-3042096203369060869.post8193430277389953011..comments2023-11-02T07:00:56.291-07:00Comments on Ann Minch's Debtors Revolt: The FOUR-POINT PLANDebtors Revolt!http://www.blogger.com/profile/02470632678771084582noreply@blogger.comBlogger44125tag:blogger.com,1999:blog-3042096203369060869.post-73320506156264512822010-01-30T08:16:34.630-08:002010-01-30T08:16:34.630-08:00I just now found you Ann, but i've been with y...I just now found you Ann, but i've been with you all along.<br /><br />6 months ago BofA reduced my credit limits from 9K and 15K respectively to 1K each on two cards. They were high interest so i transfered the balances off and used the cards for convenience only and payed off each month.<br /><br />Last week both cards were closed by BofA after i tried using their credit card check (which was not expired) to get 2.99% interest. I saw they charged me a $35 return fee so i called them. They said they closed my account and cited "excessive debt" I said what? They said they sent a letter to me 2 days prior. My FICO score is 687 which is GOOD, and now its going to suffer because of BofA. Cust support had a very condesending and accusatory tone. Im done with BofA.<br /><br />I have been using your 4 step plan without knowing.<br /><br />1) a year and a half ago I transferred all high interst balances to low interest cards and payed others off and negotiated with the rest to get low "rate for life" I use a local credit union for all my banking.<br /><br />2) i budget and pay off monthly. payed off my bed, payed off my storm door, payed off my tires. i now have 5 cards that are at 0. 8 cards with balances. Im snowballing with the highest interst cards to be payed off first.<br /><br />3)my life is seriously downsized. driving a 10 year old car, no more restaurants, movies once a month if that. using netflix, no satellite tv. I use an online budget program to total everything and track electronically every day. BUDGET BUDGET BUDGET<br /><br />4) my oldest card, citibank platinum has been with me since college (15 years) its been there for 2 european trips, many fun times, so many memories... last year i opted out of an interest rate increase and closed it. If they want me to pay off my debt, they have to keep my interest low. raise interest and im gone.<br /><br />this war is not without sacrifice. closing accounts makes your credit score suffer, and all your accounts will react to this. not paying on time creates a SERIOUS mark on your credit report.<br /><br />I suggest a refinement in your battle plans:<br /><br />Ann don't give them any more fuel. keep those accounts open but dont pay them any interest or fees. 0 balance accounts are useless to them but they keep your credit score boosted, and that is our artillery. Dont miss payments. opt out instead.<br /><br />fighting this war along side all of you!! We will win!juanitahttps://www.blogger.com/profile/12380031338959974426noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-39591518409819126352010-01-24T13:08:17.181-08:002010-01-24T13:08:17.181-08:00Anonymous: those are good, valid questions, &...Anonymous: those are good, valid questions, & the answers are in the e-book "Debt Hope". It is really the best $9 I have ever spent. I don't get any royalties from it or anything, i just really benefitted from it & I think it would benefit you too.<br /> In some circumstances, companies can sue you. But the laws vary so widely from state to state, you have to research to see what applies in your situation. "Debt Hope" tells you how to find out what applies to you, & what to do about that.<br /> Another approach, promoted by John Gliha, is to convert your household into a LLC corporation; it serves as a holding corporation only, but basically puts a legal fence around your assets so they can't be touched. <br /> until you do get a copy of "Debt Hope", the brief answer to your question abut the 1099 form is: if you put it in the settlement that the CC cannot file a form 1099, they can't. That would be one of the terms under which they agree to settle with you for a smaller amount than what they were going for.Wonder Galhttps://www.blogger.com/profile/17035116087138921916noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-87710626392424192952010-01-21T09:58:25.541-08:002010-01-21T09:58:25.541-08:00Am going towards independence. Growing our own foo...Am going towards independence. Growing our own food (at least some), paying off all credit owed, and looking into solar. Buying some gold/silver when possible. <br />TPTB are controlling their minions, the banksters and politicians. Just don't play their game anymore. <br />We the people have the power and need to take it back.I've Got a Secrethttps://www.blogger.com/profile/03577205405179792251noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-3352274743715268572010-01-20T17:46:55.646-08:002010-01-20T17:46:55.646-08:00Thanks, Wonder Gal ... But what about the 1099 for...Thanks, Wonder Gal ... But what about the 1099 form that can be filed with the IRS, converting the unpaid balance(s) that one owes on the CCs into taxable income? Can't the credit card companies do that? Or not? Does anyone out there reading this question answer in a knowledgable way? What can the CCs actually do to you regarding unpaid unsecured debt? I don't give a fig about them "smearing" my name, etc.. THAT would pretty much amount to their pot calling my kettle black. And I can easily make myself inaccessible by phone ... so NO problem THERE. Threatening letters? Just stash that TRASH in 'File 13'! I just need to be made aware about any VIABLE financial consequences to myself. So -- What CAN they actually DO?? Especially since debtors prisons no longer exist.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-44177312485040455122010-01-20T17:14:52.462-08:002010-01-20T17:14:52.462-08:00Oh, BTW, to 'Common Sense' -- the a-hole w...Oh, BTW, to 'Common Sense' -- the a-hole who blogged on here to those of us who are currently in a righteous revolt in this country -- Go "F" yourself! You can kiss our PATOOTIES!! All YOU probably are is some LAZY diva stay-at-home wife of a wealthy banker or a corrupt corporate executive ... who is sitting in judgement of us common folk. A POX ON YOUR HOUSE is OUR wish for YOU and yours!! PffffffFFT!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-31985615307718287902010-01-20T17:04:55.444-08:002010-01-20T17:04:55.444-08:00Anonymous: all they can really do is smear your n...Anonymous: all they can really do is smear your name. They can say nasty things about you on your credit reports, they can pull your credit reports hard & often to make them look bad... but that's all. So if you don't give a d**n about your credit score (which you shouldn't), it doesn't matter.Wonder Galhttps://www.blogger.com/profile/17035116087138921916noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-29720962506062625252010-01-20T16:36:12.878-08:002010-01-20T16:36:12.878-08:00Honestly ... What CAN these corrupt bank and credi...Honestly ... What CAN these corrupt bank and credit card companies do to you if you are: 1) Retired (and are no longer seeking active employment), 2) If you own your own home outright (and owe no monthly mortgage payments), 3) Own your own NEW car outright (and have no car payments), and 4) Don't answer your phone and/or respond to any messages left by debt collectors ... NOR allow them to intimidate you, or "guilt" you? And so WHAT if they sue?? Under all the aforementioned circumstances -- and it is UNsecured debt that we're talking about here -- Then what can these corrupt banks and credit card companies actually DO to you??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-38753383484560050822010-01-17T20:31:46.827-08:002010-01-17T20:31:46.827-08:00Ann: thanks for the info about Debt Hope. I bough...Ann: thanks for the info about Debt Hope. I bought the e-book; it is the BEST $9 i have EVER spent. now I know better what my rights are, and I will begin using them this month!!!<br /><br />People: Listen ! you have got to learn your rights. You have rights ! Listen: the cc companies have insurance on our accounts ! so if you don't pay, for 6 months, they close the account & collect the insurance on it. THEY GOT THEIR MONEY. It came from their ins co instead of from your wallet, but they got paid !<br /><br />So, then they sell YOUR account info to some collections agent for pennies...& they try to collect from you. They are trying to collect on a debt that HAS BEEN PAID. This is wrong. Don't let them do this !<br /><br />And to those high-&-mighty snoots who say "try living within your means for a change"--- honey, I got news for you: we HAD to use a credit card to 1)go see my dad before he died; 2)go to his funeral; 3) pay medical expenses for our family -- hospitalisations, surgeries, not options !!! --- gas to get to work, food -- not extras! we make our own Christmas gits, we cook at home from scratch, we wear used clothes from yard sales (thrift stores are too expensive) -- we have made payments faithfully, usually over the minimum amounts; but we have actually paid what we borrowed, plus intrest, several tiomes over by now, AND THE CC Companies STILL SAY WE OWE. Hogwash!<br /><br />Learn AND exercise your rights! it is tricky, like navigating a minefield, but we DO have rights & we MUST use them. This is our version of a bailout!Wonder Galhttps://www.blogger.com/profile/17035116087138921916noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-32793762637618893382010-01-15T13:19:50.596-08:002010-01-15T13:19:50.596-08:00Hi Ann, just wanted to let you know I posted your ...Hi Ann, just wanted to let you know I posted your Four Step Plan on <a href="http://ladyarual.blogspot.com/" rel="nofollow">my blog</a>, hoping to do my part to get the word out.Laura Lynnehttps://www.blogger.com/profile/03078724545526341603noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-78524516608879357852010-01-12T19:25:34.900-08:002010-01-12T19:25:34.900-08:00I would love to join your 4 step plan since I'...I would love to join your 4 step plan since I've been hating B of A for about 15 months. Unfortuntely I inherited them: checking & savings via buyouts, & mortgage & 2nd mortgage via Countrywide. Of course I now owe much more on my condo than it is worth. I'm barely surviving, but I don't know how to get away from them. They're like a bad nightmare that I can't wake up from. I also have other credit card debt but at a more manageable rate. I'm stuck. Does anyone have any ideas?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-6856957187095482252009-12-29T10:33:55.090-08:002009-12-29T10:33:55.090-08:00Ann,
Barclay's Bank is doing the same thing t...Ann,<br /><br />Barclay's Bank is doing the same thing to me, except that I need for my credit to be good. They refuse to lower the interest rate below 28.99% interest, but I'm going to pay it for six months without incident and pay off the account with a loan from the local credit union. Are there any other radical alternatives for me rather than refusing to pay and ruining my credit? Do you recommend that I make a video about Barclays? They actually gave me a late payment because I paid my bill early(first day of the month)--they say it wasn't in the billing cycle. It's outrageous, and I've learned my lesson about credit and not being aware of what I am paying creditors! It's highway robbery! Anyway, how can I get the word out about Barclays and their BoA tactics?The English Teacherhttps://www.blogger.com/profile/08556178040558338445noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-52891780304861984892009-12-29T00:01:22.580-08:002009-12-29T00:01:22.580-08:00I do not bank with Bank of America, but I do with ...I do not bank with Bank of America, but I do with Wells Fargo. And they are just as shark-like. I am appalled at what they have done to me and my family, and that it is apparently legal (by their claims).<br /><br />Two months ago, after I had to stop working due to complications in my pregnancy, it came down to either we buy food or pay our minimum credit card payments. We chose to buy food for our growing family. We decided to file for bankruptcy. <br /><br />The day my credit card payment was due (a business credit card with Wells Fargo), they called me and asked why it had not been paid. The called the day it was due!! It wasn't even late then. I told them we could not afford to pay, and that we are really sorry, but we are filing bankruptcy. I asked her to note it in the account. <br /><br />Every day for the last 2 months they have called, and each time, I answer the phone, and again tell them to note it in the account our intention to file and that it takes time. They, I guess, saw that as an opportunity to get some money while they still could. <br /><br />A week before Christmas, I was feeling decent about our finances-for we had $256 in the bank to get through until January 1. This was our food and gas money left, and I was just about to head out the door to go grocery shopping, when I decided for some reason to check our online checking account (through Wells Fargo). I log in, and to my surprise find that the credit card side of Wells Fargo hacked into our CHECKING account and decided to pay themselves, leaving us with $4 to get through the 2 weeks. I was furious. Most of the time, payments or transfers show they are pending, and you still have some time, but this was taken out automatically. It went through the moment they took the money out. I was even more furious that the minimum payment that was due on the credit card was only $51, but because it had not been paid in 2 months, it went up to $252 (for late fees). I find that outrageous. But the bread of butter of these banks is their late fees. <br /><br />I called, crying tears of anger and worry, and asked how they could possibly STEAL our money...it was OUR money. Who were they to decide that we shouldn't eat for 2 weeks? I had told them over and over again we were in the process of filing bankruptcy, and I guess they found that as in "in"-that we hadn't completed the filing yet, and they should take some money while they still can. <br /><br />2 weeks later, I got a notice in the mail from them informing me that they were going to take the money out of our account (funny that the letter was dated AFTER they had already done so). So they didn't even give me a warning. <br /><br />My thought is that there has got to be some law or rule that exonerates us from them being able to do that-since we clearly stated our financial situation. I guess they found a loophole. I was just devastated. I of course called and called and pleaded with them to put our money back in our account, and they would not. I went down to the local branch, they basically said "tough luck". <br /><br />I wish for nothing more than these banks to be exposed for what they truly are. And furthermore, I hope and pray that all of their employees see what they are doing to the American people and take a stand against their own company! <br /><br />Thank you for starting this website.Sheena Souzahttps://www.blogger.com/profile/18269973337681940903noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-79604547909670573062009-12-16T00:50:28.229-08:002009-12-16T00:50:28.229-08:00Ann, I can't see another way to contact you......Ann, I can't see another way to contact you...<br /><br />Today Bank of America cut my credit limit by $10,000 by dupping me into thinking they were just getting my income information to see if they could reinstate a credit line they'd taken from me months ago. Instead of restoring my former higher credit limit on one credit card, they denied that, and then DECREASED my credit line on a second credit card. It all started because I called to activate a new card that expires in 2013 (to get rid of the one that expires in January). I called to activate a card, and end up having them reduce my credit limit on the spot because I voluntarily answered their request for information to reinstate a higher credit line on another credit card!! I am a PERFECT customer of BofA for 32 years. Pay off in full each month, never late, never over my limit, have a credit score of over 750. I carry a zero balance on my cards. Yet, they decided in 5 minutes to cut my credit. Should I talk to this Jeff Crawford guy! I'm soooo mad!<br /><br />I'm changing banks.Unknownhttps://www.blogger.com/profile/18136821053693691137noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-75212790628481582672009-12-11T09:09:25.523-08:002009-12-11T09:09:25.523-08:00Growing own food, yes
printing money - no
killing...Growing own food, yes <br />printing money - no<br />killing people - no<br /><br />People Power - you go too farFlanhttps://www.blogger.com/profile/18060597310904262745noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-36321987674439228352009-12-11T06:28:53.070-08:002009-12-11T06:28:53.070-08:00The People Power are already doing the following:
...The People Power are already doing the following:<br /><br />For the faint-hearted, grow own food.<br /><br />For the bold, print money [need not be exact duplicate] to crash current corrupt capitalism.<br /><br />For the hardcore, assassinate evil banksters, politicians and cohorts.People Powernoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-58750389714727472352009-12-09T02:03:58.799-08:002009-12-09T02:03:58.799-08:00I guess I joined without even knowing it.
Capital...I guess I joined without even knowing it.<br /><br />Capital One doubled my interest rate on an account that had always been paid spotlessly. That isn't even what I had a problem with. The problem was that the opt out notice never arrived. My first notice was the rate doubled... by then "too late" to do anything. I wrote and wrote and got an insulting and non-responsive brick wall.<br /><br />About a week ago I looked at the bill... and I just couldn't write the check. I've never willfully not paid a CC bill before. But it's the only leverage I have. So I guess I've joined.<br /><br />Destroying my credit rating... even pushing me into BK... honestly they'd be doing me a favor. I'll live debt free and they won't get their money, let alone any future interest.<br /><br />I can find only two things one needs a CC for: renting a car and guaranteeing a hotel reservation. In both of these cases you can actually pay with a debit card! One secured CC with a small line is truly all one needs.<br /><br />The headlines say that total amounts owed by Americans on CCs are going down, significantly, every month. I guess I'm not the only one pushed too far!<br /><br />For years I was their obedient little debt slave. This year the slaves are pushed too far, finally come to their senses, and REVOLT!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-72775490304065856362009-11-27T12:35:01.454-08:002009-11-27T12:35:01.454-08:00Thank you so much for what you have started Ann. N...Thank you so much for what you have started Ann. Not only BofA, but all these big banks and credit card companies are monsters. I have simply given up even trying to pay my credit card bills. They can all stick it. Granted, we have some responsibility, but, during the "good times" they were relentless shoving instant credit down our throats. Too many of us got trapped. So, like you, I have nothing. I am self-employed. I am doing all I can just to pay my house payment and take care of a wife with Multiple Sclerosis and long cancer. So all you banks and credit card companies, shove it where the sun don't shine. You get nothing more from me. Giving you the one finger salute.Steve Hollarhttp://www.phonemans.comnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-77368036113200325772009-11-21T17:01:45.313-08:002009-11-21T17:01:45.313-08:00P.S. By the way, this CPA has been doing this proc...P.S. By the way, this CPA has been doing this process now for 7 years with a 100% track record. I have also reviewed his contract and he states that he will assume the debt and all legal obligations and attorney's fees. Amazing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-89617304087425562602009-11-21T16:58:31.190-08:002009-11-21T16:58:31.190-08:00I have discovered a way to completely eliminate cr...I have discovered a way to completely eliminate credit card debt legally because of the way the credit line is established. I have been working with a CPA that will actually assume your debt and all legal ramifications and the cost is between 15-25% of the amount. The fee for the assumption can be paid out of the credits remaining on the line so basically can be structured to cost nothing out of pocket. Three things he agrees to do: Bring the account to "0", get the bank to agree to give a satisfactory credit rating and not report the "credits" as income on a 1099 report to the IRS. I have personally reviewed file after file with a 0 balance and satisfactory credit. For active military people he will do this for no cost. There is also a way to "0" out mortgages (different process) partially due to the Supreme Court ruling in Kansas against MERS that they can't prove their security interest in the real estate. The entire Federal Reserve System is nothing but smoke, mirrors and fraud. There is no substance behind money except the credit of the citizens of this country-no gold, no silver-all empty. The deeper you go, the more it looks like flying pink elephants at Disneyland-it makes no sense.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-23872010254840079912009-11-10T17:45:54.770-08:002009-11-10T17:45:54.770-08:00yes paypal is the way to go! i cut off all the cr...yes paypal is the way to go! i cut off all the credit card and use only paypal debit card <br /><br /> debtor revolt soldierpod rodnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-4595182744876333802009-11-03T16:11:50.799-08:002009-11-03T16:11:50.799-08:00I want to buy the tee shirt to help the movement, ...I want to buy the tee shirt to help the movement, but I want to use PayPal to do it, so I DON'T use a credit card.ifthisbeterror -- a Revolution of Onehttps://www.blogger.com/profile/15672281122172872135noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-87500822601723911222009-11-01T17:58:11.400-08:002009-11-01T17:58:11.400-08:00Write to your Senators. That's what they'...Write to your Senators. That's what they're there for. They have the power to change the laws and to prevent this extortion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-75389089799435724242009-11-01T16:09:53.228-08:002009-11-01T16:09:53.228-08:00Ge money Bank are crooks also. They own Lowes cred...Ge money Bank are crooks also. They own Lowes credit card. Finally was financially stable enough to start paying off some debt and working on my credit scores, paid them off 2 wks later they closed my acct. credit limit was 2000.00 only owed 1000.00. called them they said it was due to my credit report. Well in 2001 I had filed bankruptcy but this card as well as all my others was granted after that. My credit report on all my debt states paid as agreed, except some medical collections that I'm disputing with the insurance companies. Requested credit line increase 2 months earlier on this acct. pulled my credit report then exactly the same they didnt close it then. Hum, wonder why. When I called GE MONEY BANK they stated it didnt matter if I was a good paying customer they went by my credit report. well for any of u that doesnt know when u close an acct and lose that credit ur credit score goes down, mine 30 points. Thanks GE MONEY BANK for helping me out when all I was trying to do was be financially responsible.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-43137914601199226022009-10-31T09:12:59.363-07:002009-10-31T09:12:59.363-07:00having a tough time paying debts, have been living...having a tough time paying debts, have been living on pension and SS since 93. $21,000 year doesnt go far(mortgage and maintenance on condo is $1200 month) considering i have been living on this amount for 16 yrs, a debt of $16000 isnt that much..have considered bankruptcy (SIL is an atty)but have an accident case pending which may result in 10 to 15 thousand dollars coming to me, so this option is out of the question. only thing left is to keep paying till i just cant anymore..deehttps://www.blogger.com/profile/09128849369690266692noreply@blogger.comtag:blogger.com,1999:blog-3042096203369060869.post-19488140253821027542009-10-30T23:26:33.692-07:002009-10-30T23:26:33.692-07:00Oh. Have to add that the mortgage with Countrywide...Oh. Have to add that the mortgage with Countrywide is on a rental property, not my primary home. Just to clarify...Anonymousnoreply@blogger.com