Debt Detective – The Banks Not Playing By The Rules …Things To Be Aware Of… The Bank Sold Your Debt!

 

 

Our Last Post Was Very To The Point.

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 false information. 

The Official Term Used To Describe The Above:

Misrepresentation Of The Facts Leading To Fraud.

We have been conducting an ongoing investigation into this matter for the last 3 years. We are very excited to share our findings with the General Public.

Before we share our findings with you we must make sure you understand 3 main facts brought to your attention in the last post:

1) The Bank Sold Your Debt And Are NOT Telling YOU.

We provided many links in our last post proving this is the case.

2) The Bank Could Be Simply Servicing The Debt.

The Bank can service a debt without being the rightful owner of the debt. 

The above point is very important to understand before we move forward.

Only because you have been making payments to the Bank for the past three years does not mean they are still the rightful owners of the debt.

They could have sold the debt over the past 3 years and are now simply servicing the debt (collecting payments and answering any questions the borrower might have).

3) The Bank Could Be Paid Twice For The Same Loan.

If you signed a loan contract with the Bank, then the Bank decides to sell the debt and receives payment from the Buyer of the debt, then you come into some money and decide to pay the Bank out, in this situation the Bank just got paid twice.

In order to follow and understand our ongoing investigation of this matter, you will need to be familiar with the above 3 facts.

To Apply This Information To Your Own Situation Call Or Text … (250) 306 7487

or email us at UnitedWeStandPeople@gmail.com . 

Before we get into the juicy findings of our ongoing investigation of this matter, let’s take some time to understand the evolution of the Financing Industry Market Place.

Not many people realize this but Private Lenders have been around much longer than the Banks.  At one point there were no Banks and only Private Lenders.  Then the Bank was invented.

The Banks eventually were successful via slander, to make the masses believe “Private Lenders are not to be trusted and charge high interest rates, so use us the Banks”.

From 1970 to 2020 the Banks have gone full circle.  The Banks and their counter parts are charging 19% – 40% Compound Interest on Credit Cards and Payday Loans but some how still successfully indoctrinates the General Public to believe Private Lenders are the ones charging high interest rates.  Its comical when pondered!

These days the average Canadian is up to their eye balls in high interest loans and are actively looking for other loan sources and solutions.

It Seems The Canadian People Have Found The Solution, The Private Lender Who Charges Simple Interest NOT COMPOUND INTEREST.

The switch to Private Lenders within the market place is happening quickly due to the evolution of the internet allowing Private Lenders and Borrowers to be just a click away!

The result is many Canadian Private Lenders and Canadian Borrowers are now starting to discover win win business deals among themselves and are signing Debt Consolidation Contracts.

For a Bank to attempt to squash a contract created by two Canadians just because the Bank does not have the proper documentation to prove they are the rightful owners of the debt would be considered NOT playing by the rules.

In our 3 year ongoing investigation into this matter we have found the Banks Are NOT Playing By The Rules !

The Canadian Borrower has every right to seek out a better deal for themselves and their family in our Canadian Democratic Capitalist Market Place.

The Canadian Private Lender has every right to seek out a Borrower they can successfully get into contract with in our Canadian Democratic Capitalist Market Place. 

Many Canadian Borrowers are paying Credit Cards, Payday Loans and ‘B’ Lenders interest rates from 19% to 40% Compound Interest.

With this in mind it is crucial for Canadians in these situations to have their Private Lender Debt Consolidation Loans come to completion.

To Apply This Information To Your Own Situation Call Or Text … (250) 306 7487 or email us at UnitedWeStandPeople@gmail.com . 

In essence over time the Banks have enslaved the Canadian Borrower via Compound Interest.

Now the Canadian Borrower has arranged Simple Interest Financing to break free and payout the Bank, but the Bank attempts to sabotage the deal simply because the Bank cannot prove they are the rightful owners of the debt.  That is NOT playing by the rules!

The Bank expects the Canadian Borrower to sacrifice their well earned financial freedom the Private Lender deal offers just because the Bank can not prove they are the rightful owner of the debt

That is Ridiculous!

It should be very simple for the Bank to complete the transaction.

The only thing left to do for the Bank to be paid out in full is prove they are the rightful owners of the debt.

If the Bank did sell the debt, they simply need to inform the Canadian Borrower of who they sold the debt to so together with the Private Lender they can continue the transaction with the rightful owner of the debt.

What Is Verifiable Proof Of Ownership Of The Debt?

The wet ink copy of the loan contract you signed (NOT a Photocopy), accompanied by a sworn affidavit by a Chartered Accountant stating, they looked into the ledgers and the debt still appears on the Banks ledgers and has not been sold.

Lets Break Down The Above Paragraph.

Not many people know this but when you sign a loan contract you have created a financial instrument which is considered an asset that can be bought and sold.

What your Creditors will do is produce a photocopy of the contract you signed and insist this is proof of ownership of the debt, but as we now know, it is NOT!

They could have photocopied the original contract then sold the debt / asset (the original wet ink contract).

Therefore your Creditor producing a PHOTOCOPY of a loan contract is NOT verifiable proof that they are in fact the rightful owners of the debt.

Lets now expand on the sworn affidavit provided by the Chartered Accountant.

The only employee that has access to the Bank ledgers to make the claim if the debt was sold or not is a Chartered Accountant.

Every Bank has a Chartered Accountant so the above is a very reasonable request and easy to satisfy.

Our Investigative findings have illustrated the Banks, Payday Loans and ‘B’ Lenders can NOT produce verifiable proof they are the rightful owners of the debt when asked by a Canadian Lender and Borrower.

It is crucial to understand the importance of this Reasonable Request from the Canadian Private Lender and Borrower point of view.

Lets say the Bank did sell the debt and the Private Lender hands the Bank the money without asking for proof of ownership of the debt. 

The Bank Just Got Paid Twice!

If the rightful owner of the debt shows up at a future date demanding payment, this would leave the Private Lender and Borrower in a compromising position.

Here is some applicable history of the evolution of the Finance Industry you will find very interesting.

Prior to 2008 Private Lenders never did ask for proof of ownership of the debt when dealing with the Banks.  They were just as conditioned as the rest of the general public to believe whatever the Banks told them, just taking their word for it.

But after the 2008 Financial crash the Banks admitted to selling the debts irresponsibly and this was the reason for the crash.

By 2011 Private Lenders started asking themselves, maybe we are being naive not asking for verifiable proof if the Banks are in fact the rightful owners of the debt.

Since 2013 it has become common practice for Private Lenders to ask for proof of ownership of the debt before handing over their hard earned money.

Would you hand money over to purchase an asset without knowing you are handing the money to the rightful owner of the asset.

Of Course Not!

For Example:

If you were purchasing a vehicle and the seller could not produce proof of ownership of the vehicle, would you hand over the money?

Of Course Not!

The same premise holds true in the Financial Industry.

It seems the Banks are taking full advantage of the General Public not being informed to pull the wool over the Canadians eyes by collecting on debt they sold and no longer own, the Bank getting paid twice.

This is why it has become necessary for the General Public to conduct their own investigation regarding if the Bank Employees, Collector and Lawyers are in fact committing the crime of …

Misrepresentation Of The Facts Leading To FRAUD!

To Apply This Information To Your Own Situation Call Or Text … (250) 306 7487 or email us at UnitedWeStandPeople@gmail.com . 

 

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: (250) 306 7487

 

14 Replies to “Debt Detective – The Banks Not Playing By The Rules …Things To Be Aware Of… The Bank Sold Your Debt!”

  1. It is perfect time to make some plans for the future and
    it is time to be happy. I have read this post and if I could I desire to
    suggest you few interesting things or suggestions. Maybe you can write next
    articles referring to this article. I desire to read even more things about it!

  2. My wife and i felt now thankful when John managed to finish up his investigation with the precious recommendations he got in your site. It is now and again perplexing to simply find yourself making a gift of guides which usually some other people could have been trying to sell. And we all understand we have you to thank for this. These explanations you’ve made, the straightforward site menu, the relationships you will help to promote – it’s most great, and it is making our son in addition to the family do think that article is exciting, which is rather important. Many thanks for everything!

  3. I am sure this article has touched all the internet
    visitors, its really really pleasant post on building up new blog.

  4. you’re really a just right webmaster. The web site loading pace is amazing. It kind of feels that you’re doing any distinctive trick. Moreover, The contents are masterpiece. you have performed a wonderful activity on this topic!

More comments

Leave a Reply

Your email address will not be published. Required fields are marked *