Oye. Helpfulone, you confuse me. You say the program works but advise people to stay away? Yikes!!! NOT very helpful, I would say.
Total U.S. consumer revolving debt reached $904 billion in June 2007, up from $879 billion at the end of 2006 (Source: Federal Reserve).
Now add mortgages and other secured debt (automobile loans, for instance). Please tell me, mobie,
where did the banks get that money to loan? From deposits? From cash on hand? The US government has not created that much money.
If you or I tried to make $$ out of thin air like the banks do, we would be in jail.
"How do you like those apples Willy?" Sounds like I touched a raw nerve, mobie. I did notice that you didn’t say anything to defend your last shady post yet you did whine about what I’d said about rangersfan. Strange.
"Unlike you I actually post on other subjects trying to help other people with debt issues. All you seem to do is just argue in the defense of the scammers at FDRS. You have not made a single other post here to contribute to helping other people with debt problems. NOT ONE." Please pay attention, mobie. I said this before, at least twice –(I'll say it again, v-e-r-y s-l-o-w-ly... just for you) I am not here to offer advice, because I don’t know enough about $$, otherwise I wouldn’t be on this site. I came looking for advice, not clients (like others pushing their company’s solutions [mobie, for instance]).
I saw an ad about this company. It sounded a bit farfetched. So I looked up FDRS on google. I found this forum and this string in that search. I was surprised by the amount of fact-free rants and flying opinions so I did some not-so-deep research into what people were posting. Most if not all of what I read proved that it is easy to be negative without the facts, the way politicians throw out sound bites for people to believe, not matter how false.
“Thats why the banks don`t like Debt Termination scams because its fraud.†Are you serious? If you really are in the credit business, you know better than that.
Banks sell off loans as soon as they feel they are uncollectable. They then write off the loss that they sold it for (tax benefits) and they come out ahead of the game (they’ve usually collected years of interest, rates of which they can legally raise, often for whatever reason they want to- there are plenty of horror stories of this practice).
Here's a fair way to tackle the debt problem: Give people hope that they can pay off their debt. You do this by limiting the interest rates banks can charge (a point or 2 over the rate the Fed charges teh banks), eliminate the deceptive fees banks are allowed to charge, and cut that small print/twisted english crap that banks use. And STOP allowing banks to give credit cards to people who have credit trouble.
The way it is now, the rules favor the big boys with all the money and power.
But then again, maybe you like it that way. It's what keeps food on your table.
And leave the JETS alone. They are consistently one of the worst organizations in professional sports, which make them the best at being the worst.
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