Our Public Investigation Has Revealed A HUGE PROBLEM Within Equifax Credit Reporting System!
Even though Equifax is well aware debts are bought and sold as a daily practice with in the Financial Industry, they do NOT VERIFY if the reporting Creditors are in fact still the rightful owner of the debt when creating the original Equifax Credit Reporting file.
To make things worse, they do NOT VERIFY if the Bank is in fact still the rightful owner of the debt in between reporting on the Canadians Credit Report!
For Example:
Equifax creates the original file concerning the debt with the Bank in January. The Bank has something to report regarding the debt to the Canadians Credit Report in June.
This 6 month period is ample time for your Creditor to have sold the debt on the open market.
If the Bank did indeed sell the debt in between reports then they have NO right to report remarks on your Credit Report due to the fact they are no longer your Creditor.
With the above in mind the Bank appearing as a Creditor on your Credit Report would be considered inaccurate information.
If the Bank sold the debt, by definition they can no longer be considered your Creditor and Should NOT appear as a Creditor on your Credit Report.
Presently Equifax Has NO Checks And Balances To Prevent This From Happening !
Even though every Bank Loan Agreement mentions The Bank can sell the debt WITHOUT INFORMING the Canadian Borrower.
Canadian Legislation clearly states inaccurate information MUST be deleted from a Canadians Credit Report.
Even the Canadian Rules Of Court clearly states an Affected Party is the ONLY entity who can sue another.
If the Bank sold the debt, they are no longer considered an Affected Party.
If the Bank is no longer an Affected Party ( NOT your Creditor) they cannot sue you in the Canadian Court System.
Equifax MUST Operate Within The Rules:
If The Bank Sold Your Debt They Should No Longer Appear On Your Credit Report As Your Creditor.
The above illustrates the lack of integrity within Equifax’s Credit Report system leading to the fact that well over 50% of Equifax reported information is inaccurate.
Which Leads Us To The Next HUGE PROBLEM Our Canadian Public Investigation Revealed Within Equifax Credit Reporting System!
The way Equifax conducts their so called investigations on behalf of the Canadian People when the Banks reports inaccurate information on The Canadian Peoples Credit Report has MANY FLAWS.
For decades Equifax have been conducting investigations by simply calling The Bank and asking if The Bank did intentionally report the inaccurate information? If they say “yes” then end of investigation. Result: The Canadian Is Wrong !
NOT under any circumstances would this be considered a Reasonable Sufficient Investigation!
For decades Equifax has been acting like they are a department of the Bank, not a third party agent offering a service to the Canadian Public.
Equifax Advertised Service Is:
To ONLY Report Accurate Information To The Canadian Public Credit Report.
Equifax makes it seem to the public their number one objective is to make sure the Canadian Public Credit Report contains only accurate reports when dealing with Creditors.
But any Canadian who has approached Equifax to challenge inaccurate information reported by Creditors know in reality this is NOT the case.
In reality what happens is Equifax simply calls and asks the Bank if they sent in the derogatory remarks and once they say ‘yes’ the investigation is complete.
For Equifax To Simply Call And Take The Word Of The Creditor Over The Canadian Public Is Unacceptable !!
Where is the Due Process for the Canadian People and the Due Diligence of the Equifax Investigation Process !
This is why it is so important to participate in our on going Canadian Public Investigation regarding this matter!
Let Us Help You Take Action Consistently .
Sign up for our FREE Automated Complaint System. This will allow you to send 1 complaint a month to each Bank Employee, Collector or Lawyer Bullying Canadians with no effort or cost on your part.
Knowledge Without Action Is Useless… Be Part Of The Solution !
Contact Us: 1-877-370-3883
One Reply to “Equifax Proven NOT To Have Checks & Balances – Banks Reporting Inaccurate Information To Canadian Public Credit Reports … CONTINUOUSLY!!”
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To Participate In This Canadian Public Investigation Simply Copy And Paste The Following Email And Send It To:
Collector: Kim Pottinger Of D&A Group Collections Email : Kim.pottinger@dagroupservices.com
PLEASE ALSO cc it to UnitedWeStandPeople@gmail.com so we can keep track of Complaints and Responses.
***EMAIL STARTS HERE***
Attention : Kim Pottinger and D&A Group Management.
Regarding : Misrepresentation Of The Facts Leading To FRAUD!
Good Day,
I have read the following Public Investigation appearing on the internet regarding your organization:
Link To Investigation: https://unitedwestandpeople.com/2020/03/12/mrs-robinson-and-kim-18883951147-ext-6259-mrs-robinson-company-dna-group-email/
I am a concerned Canadian Citizen. Please answer the following question:
If you are well aware debts are bought and sold as a daily practice within the Financial Industry why does D&A Group Collections NOT ask their Clients (The Creditors) to produce Verifiable Proof they are still in fact the rightful owners of the debt ( they could have sold it ) ?
Please respond in a timely fashion, I anxiously await your response.
Thank You!
*** END OF EMAIL ***
If you like adrenaline rushes please feel free to call and record the conversation discussing the above matter : Kim Pottinger Phone: 1 888 395 1147 ext 6865 of D&A Group.
Email your recorded conversation to UnitedWeStandPeople@gmail.com and we will post your recording on the blog. It Just Might Go Viral!
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
Canadian Collection Agency Employee Admits Collectors And Creditors Are Committing FRAUD When Calling The Canadian Public.
PROOF: Listen To The Following Recording:
At 0:28 of the following recording The Collector mentions the word “Fraud“.
What She is referring to is if the Creditor she is working for is trying to collect a debt on which the Creditor does NOT appear as the Creditor on the Canadian Borrowers Credit Report.
The Collector states “then that would be FRAUD!”.
This is exactly what happened. We pulled the Canadian Borrowers Credit Report and the Creditor the Collector was working for did NOT appear as the Creditor.
One Reply to “Canadian Collection Agency Employee Admits FRAUD!”
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To Participate In This Canadian Public Investigation Simply Copy And Paste The Following Email And Send It To:
Collector: Delan C Of Diamond Financial / Captain Cash Email : receivables@diamondfinancialone.com
PLEASE ALSO cc it to UnitedWeStandPeople@gmail.com so we can keep track of Complaints and Responses.
***EMAIL STARTS HERE***
Attention : Delan C. (Supervisor)
Regarding : Misrepresentation Of The Facts Leading To FRAUD!
Good Day,
I have read the following Public Investigation appearing on the internet regarding your organization:
Link To Investigation:https://unitedwestandpeople.com/2020/03/12/collector-dylan-and-brian-phone-1-877-471-4589-company-diamond-financial-captain-cash-email-receivablesdiamondfinancialone-com/
Your response to the email the Canadian Borrower (Martin) sent you containing the links proving debts are bought and sold was very unprofessional.
The following Link contains the links the Canadian Borrower emailed you proving debts are in fact bought and sold as a daily practice within the Financial Industry: https://unitedwestandpeople.com/2020/03/25/many-links-proving-debts-are-bought-and-sold-everyday/
When one takes the time to read the above links, it becomes obvious debts are in fact bought and sold as a daily practice within the Financial Industry.
I am a concerned Canadian Citizen. Please answer the following two questions:
1) Why can’t Diamond Financial produce verifiable proof they are in fact still the rightful owners of the debt (Diamond Financial could have sold the debt) ?
2) If Diamond Financial is trying to collect on a debt they no longer own, would this not be considered Misrepresentation Of The Facts Leading To FRAUD?
Please respond in a timely fashion, I anxiously await your response.
Thank You!
*** END OF EMAIL ***
If you like adrenaline rushes please feel free to call and record the conversation discussing the above matter : Delan C (Supervisor) Phone: 1 877-471-4589 of Diamond Financial / Captain Cash.
Email your recorded conversation to UnitedWeStandPeople@gmail.com and we will post your recording on the blog. It Just Might Go Viral!
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
To Participate In This Canadian Public Investigation Simply Copy And Paste The Following Email And Send It To:
Equifax Lawyer: Stephen Schwartz Of Chaitons LLP Email : Stephen@chaitons.com
PLEASE ALSO cc it to UnitedWeStandPeople@gmail.com so we can keep track of Complaints and Responses.
***EMAIL STARTS HERE***
Attention : Stephen Schwartz of Chaitons LLP Law Firm.
Regarding : Human Rights Violation – Removing Due Process From The Canadian Plaintiff By Refusing To Answer Reasonable Questions.
Good Day,
I have read the following Public Investigation appearing on the internet regarding your organization:
Link To Investigation: https://unitedwestandpeople.com/2020/03/12/lawyer-stephen-schwartz-company-chaitons-llp-phone-416-218-1132-email-stephenchaitons/
I am a concerned Canadian Citizen. Please answer the following three questions:
1)The following is a link to the Email the Canadian Borrower / Plaintiff sent you containing reasonable pertinent questions for yourself or Equifax to answer: https://unitedwestandpeople.com/email-correspondence-2/
Why won’t you answer the pertinent reasonable questions asked by the Canadian Borrower / Plaintiff in the above email?
2)Do you feel Equifax conducted a reasonable sufficient investigation by simply calling the Creditor and taking their word over the Canadian Borrower / Plaintiff when asked if they reported the inaccurate information?
3)You are a Lawyer, so obviously you are well aware debts are bought and sold as a daily practice within the Financial Industry therefore what are your thoughts on the following link ?https://unitedwestandpeople.com/2020/03/13/equifax-proven-not-to-have-checks-balances-banks-reporting-inaccurate-information-to-canadian-public-credit-report-continuously/
Please respond in a timely fashion, I anxiously await your response.
Thank You!
*** END OF EMAIL ***
If you like adrenaline rushes please feel free to call and record the conversation discussing the above matter : Stephen Schwartz Phone: 1-416-218-1132 of Chaitons LLP Law Firm.
Email your recorded conversation to UnitedWeStandPeople@gmail.com and we will post your recording on the blog. It Just Might Go Viral!
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
In the above link Wikipedia definition it states clearly“Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities”
In this link it states clearly in the second paragraph.
“A card issuer sells a group of accounts to a trust, which issues securities backed by those receivables. The card issuer still services the account, but the assets are removed from its balance sheet.“
In this link it states clearly in the third paragraph
“Securitization, a process of pooling illiquid financial assets (such as loans, bonds, and mortgage) and selling the assetsas liquid products to investors, emerged in 1970s and grew dramatically in early 2000s. “
Furthermore under the heading “II. Background & Past Academic Papers ” it clearly states
“The process of securitization is as following: first, the originators pool a group of similar illiquid and non-tradable financial assets (such as mortgage or car loan payments). Second, they transfer those assets to a Special Purpose Vehicle (SPV), whose sole purpose is to issue the securities. Then, they repackage the cash flows through financial contracts with different parties involved. “
According to the Dictionary: “Transfer” is another term used for the term “Sell”.
This link is from the financial post stating Credit Card Debt is securitized (Banks sell Credit Card Debt):
“Securitization is the practice of combining various debt obligations (like residential mortgages, commercial mortgages, auto loans or credit card obligations) into one consolidated debt instrument, or security, such as a bond. Once the debt obligations have been pooled, a coupon is set and paid to the bond purchaser.“
The use of the term “purchaser” proves they are referring to the bank selling your debt This link Is titled “Why Banks Sell Loans They Make”
Under the heading: “Why loans are sold”
“Many consumers don’t realize there’s a thriving market for loans, referred to as the secondary market. When you borrow from a bank or credit union, you may not notice that the fine print on the lending agreement says the loan may be sold.“Most lenders sell loans due to liquidity reasons, meaning they don’t want the loans in their balance sheet,” says Cristina Zorrilla, assistant vice president of mortgage pricing and investor relations with Navy Federal Credit Union. “They sell loans so they can lend to more borrowers.”Some lenders sell loans to other financial institutions but keep the servicing rights.This means the customer still deals with the same lender and sends the payments to the same place. It hardly affects consumers, since the point of contact doesn’t change. However, many lenders don’t have the capacity to continue servicing all the loans they make, so they sell both the debt and the servicing rights. When that happens, customers have to send their payments to a new organization — and will deal with that new party if problems arise. Only a few, including Navy Federal Credit Union, never sell servicing rights.”
YOUTUBE VIDEOS Mentioning Creditors Sell Debt:
The following videos are explaining Securitization. They can get pretty in depth therefore we have mentioned the time within the video when they mention the Banks sells the debt to a third party.
Watch The Following Video From The Beginning to 1:39. At this point there is no point on watching past 1 min and 39 seconds of this video for now. At 1:20 of the video it states clearly the bank sold your debt!
Watch The Following Video. This Video will explain how your credit card debt was SOLD / Securitized. Every Canadian should be aware of this fact. Watch The Entire Video but PLEASE NOTE: At 1 min 3 seconds (1:03) of this VIDEO it states the Credit Card Debt Is Bought and Sold
Also at 1:30 of the above video he states Credit Card debts are bought and sold at 2:30 he states they sell the debt to another party at 3:05 he states a third party comes and buys the debt
At 0:43 seconds of the following video there is a diagram notice the diagram where it illustrates Fannie Mae exchanging money to the bank (buying the debt from the Bank)
At 29 seconds of the following video it states clearly the bank sold your debt via securitization
50 seconds he states the banks wants to sell the debt 2:25 of this video he says they grouped your debt and cut it up and soldclick to watch.
30 seconds of this video he states clearly they sell the debtclick to watch.
50 seconds of this video it states the banks will sell your debtclick to watch.
The above is simply the tip of the iceberg of what can be found on the internet proving :
Your Creditors SOLD Your Debts!
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
or email us at UnitedWeStandPeople@gmail.com .
34 Replies to “MANY Links Proving Debts Are Bought And Sold Everyday !”
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The Banks Are Selling Your Debt And Not Telling You!
But Even More Sinister: Attempting to collect debts they no longer own by Bully Tactics and use of misleading inaccurate information otherwise known as:
Misrepresentation Of The Facts Leading To Fraud!
Vice President Stu Barnes of MJR Capital Services Inc Caught Misleading The Canadian Public With Inaccurate Information While Misrepresenting The Facts Leading To Fraud !
PROOF! – RECORDED CONVERSATIONS BELOW!!
Official Canadian Public Investigation
Violator : Vice President Stu Barnes of MJR Capital Services Inc Phone: 1 866 612 7045 ext 464
Violation : Misrepresentation Of The Facts Leading To Fraud.
Before Moving Forward Please Make Sure To Understand The Following Four Brief Informational Links:
The following Links appear on ALL Investigation Posts within this Blog. If you have already read the informational links on a previously viewed Investigation then SKIP THE LINKS and continue to the Investigation below :
If you understand the above Links CONGRATULATIONS, you NOW have more knowledge of the Financial Industry than most Bank Employees & Collectors.
Let’s Get Started!
Introduction : The Problem.
A huge problem in the Canadian Market Place are Collection Companies and their employees Misleading The Canadian Public Stating Inaccurate Information While Misrepresenting The Facts Leading To Fraud.
This Canadian Public Investigation focuses on, Lisa Aiello and Vice President Stu Barnes of MJR Capital Services Inc .
Stu Barnes is Lisa Aiello supervisor therefore we will be focusing on Stu Barnes regarding the above stated violation.
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
or email us at UnitedWeStandPeople@gmail.com .
How Is It Possible A Vice President Of A Collection Company Does Not Understand The Concept Of Proof Of Ownership Of The Debt!
The Following Is A Recording Of Collector Lisa Aiello transferring a Canadian Private Lender to her supervisor Stu Barnes Vice President of MJR Capital Services Inc .
Vice President Stu Barnes Of MJR Capital Services FAILS Miserably In The Following Canadian Public Investigation by Illustrating he does NOT understand the concept of Proof Of Ownership Of The Debt!
The following are time stamps of the above recording pin pointing where the Collector Lisa Aiello & Vice President Stu Barnes is stating inaccurate and / or misleading information:
0:28 Lisa Aiello states she never received a letter explaining the Conveyance Conditions. This is inaccurate misleading statement due to the fact in a previously recorded call Lisa Aiello read out loud the letter she says she never received.
Very Misleading Inaccurate Information!
0:47 Lisa Aiello again refers to the fact she does NOT understand the concept of proof of ownership of the debt. Even though she admits she is well aware within the Financial Industry debts are bought and sold as a daily business practice.
Without Verifiable Proof RBC is in fact still the rightful owner of the debt, simply put RBC could have sold the debtWITHOUT NOTIFYING the Canadian Borrower or The Collectors at MJR Capital Services Inc.
Lisa Aiello implies The Canadian Borrower and Private Lender should just take MJR Capital Services Inc word for it via a letter. This is ridiculous due to in a commercial transaction such as this one the Bank MUST produce Verifiable Proof.
1:21 Lisa Aiello states she can get a letter stating she is an Authorized Agent to collect on behalf RBC .
How does Lisa Aiello verifying she is Authorized to collect the debt Prove RBC did not sell the debt?
It Does NOT!
The only entity who could make the claim the debt was not sold is one of RBC Chartered Accountant who has access to RBC Accounting Ledgers.
1:30 The Private Lender once again clearly explains what proof of ownership of the debt is, Lisa Aiello has no response and seems to be rattled.
1:55 The Legal definition of Verifiable Proof of ownership of the debt the Canadian Private Lender provides definitely rattled Lisa Aiello, so she places the Canadian Private Lender on hold for approx 5 min (which we deleted from the recording) in order to get the Vice President of MJR Capital Services Inc Stu Barnes.
2:03 Lisa Transfers Canadian Private Lender to Stu Barnes Vice President of MJR Capital inc.
2:45 Stu Barnes Vice President admits he is aware debts are bought and sold as a daily practice within the Financial Industry.
3:10 The Canadian Private Lender clearly explains what verifiable proof of ownership of the debt is.
3:41 Stu Barns (Vice President) states if a Creditor appears on Equifax Credit Report then this is proof the Creditor owns the debt.
We researched the above statement and found it is NOT TRUE!
Equifax Lawyer Stephen Schwartz has made it very clear Equifax does NOT verify if the Creditor appearing on a Canadians Credit Report in fact sold the debt or not. Therefore Vice President Stu Barnes statement is …
Very Misleading Inaccurate Information !
3:45 Stu Barnes Vice President states he can get a letter from an RBC employee (who is NOT a Chartered Accountant) stating that RBC still owns the debt.
If the Employee is NOT one of RBC Chartered Accountants then how can they possibly make this claim. They would not have access to RBC Accounting Ledgers.
Therefore what Stu Barns is implying is the Canadian Public should just take the Banks word that they did not sell the debt.
That Is Ridiculous Considering …
the 2008 World Financial Crash was admittedly caused by Bankers selling debts irresponsibly to the World Market (Securitization).
4:12 Vice President Stu Barnes starts to implement Bully Tactics. He says even though they can NOT produce Verifiable Proof RBC is in fact still the rightful owners of the debt they will escalate action to collect !
How can Stu Barnes Vice President of MJR Capital Services inc continue to collect on a debt that he has NO Verifiable Proof RBC is in fact still the rightful owner of the debt.
The above Statement PROVES Stu Barnes and Lisa Aiello of MJR Capital Services Inc is committing the crime of:
Misrepresentation Of The Facts Leading To Fraud!
4:39 Vice President Stu Barnes says it is unrealistic for a Creditor (RBC in this situation) to be able to produce verifiable proof they are in fact still the rightful owner of the debt.
That Is CRAZY! Of course the Creditor (RBC in this situation) MUST produce Verifiable Proof they are still in fact the rightful owner of the debt.
If RBC sold the debt and MJR Capital Services inc collects this would mean …
RBC Just Got PAID TWICE!
What is unrealistic is asking The Canadian Borrower and Private Lender to hand over money to RBC who can NOT prove they are in fact still the rightful owner of the debt.
4:58 Once again Vice President Stu Barnes starts to implement Bullying Tactics stating we will carry on with the collection calls to the Canadian Borrower even though we can NOT Prove RBC is in fact still the rightful owners of the debt.
To continue to call the Canadian Borrower under these circumstances would be considered HARASSMENT and furthermore:
Misrepresentation Of The Facts Leading To FRAUD!
5:15 Vice President Stu Barnes states ” RBC has never sold a debt”.
This Statement Is Simply Untrue!
Keep in mind when reading the following link that “securitization” is another term for selling the debt to the World Market.
Furthermore The Canadian Private Lender explains, if Stu Barnes is positive RBC did not sell the debt then Why Can’t They Prove It!
To prove they are still in fact the rightful owners of the debt is simply having one of RBC Chartered Accountants to provide in writing they viewed RBC Accounting Ledgers and the debt still appears on the ledgers and has not been sold.
Why Can’t RBC Prove They Own The Debt !
5:27 Vice President Stu Barnes states he will get his RBC employee contact to provide a letter stating RBC is in fact still the rightful owners of the debt BUT it will NOT be from a Chartered Accountant.
Once again RBC Chartered Accountants are the ONLYemployees who have access to the Accounting Ledgers to make the claim that they viewed RBC Accounting Ledgers and the debt still appears on the ledgers and has not been sold.
6:00 Stu Barnes Again states “the signed letter won’t be from a Chartered Accountant”.
Again Stu Barnes is implying all Canadians should just take the word of MJR Capital Services Inc and RBC when transferring thousands of dollars of the Private Lenders hard earned money.
If the Private Lender Forwarded funds without doing their due diligence this would be considered an inexperienced irresponsible business decision on the part of the Private Lender.
Not To Mention RBC Would Be PAID TWICE For The Same Loan !
In a commercial transaction simply taking the word of an employee that the debt was not sold who is NOT a Chartered Accountant is NOT Verifiable Proof!
6:07 Once again Vice President Stu Barnes states “RBC has never ever sold any debt”.
This Statement Is Simply Untrue !
Keep in mind when reading the following link that “Securitization” is another term for Selling The Debt to the World Market.
6:15 Again Stu Barnes states he can only get an Employee who does NOT have access to the Accounting Ledgers to provide a letter stating the debt was not sold. If they do NOT have access to the Accounting Ledgers how can they possibly make this claim. The only entity who can make this claim is on of RBC Chartered Accountants.
Very inaccurate misleading information leading to the crime of:
Misrepresentation Of The Facts Leading To FRAUD!
6:34 The Private Lender has to once again explain the letter from an Employee who is NOT a Chartered Accountant is NOT verifiable proof and will NOT be sufficient.
7:10 Vice President Stu Barnes of MJR Capital Services Inc calls Legal Verifiable proof of ownership of the debt outlandish!
That Is CRAZY!
How Is It Possible STU BARNES Vice President Of A Collection Company Does Not Understand The Concept Of Proof Of Ownership Of The Debt!
Hmm it looks like your site ate my first comment (it was extremely long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to everything. Do you have any recommendations for newbie blog writers? I’d genuinely appreciate it.