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Thread: debt elimination - R4C v. FDCPA

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  1. #5
    stoneFree
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    Although I could be considered a sheeple when I signed for the loan, I didn't think these contracts would be so easy to get out of. So R4C works on (secured) car loans too? Claw through to the understanding. That's a good way to put it. I'm working on it but it doesn't come easily.

    Double enrichment. Yes, I comprehend that. When a borrower signs a note for $100,000 loan, that allows the bank, via the Federal Reserve system, to create new currency in the same amount (first enrichment). The bank is not out anything, it's not diminished. Yet even better, the bank now has a 20-year income stream from the loan payback to look forward to, or, to sell on the open securities market (second enrichment).

    Thanks for the lesson!
    Last edited by stoneFree; 09-16-11 at 03:46 AM.

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