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| Banks, Collection, and CRA Discuss the credit card, collection agency, and credit reporting act, etc. |
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| Passive Debt Fraud WARNING! Debt collection investors who always look for ways to expand their racketeering, being led by the dirty tactics of lobbying maneuvers by ACA International use the following loophole: PASSIVE DEBT COLLECTION! Gist of the matter: Passive Debt Buyers Fraud Racketeers of debt collection, who are actually, incorporated private investors obtain evidence of debt under false pretexts, mostly under allegedly extending credit or loan to Consumers, and who are not licensed in States, which require debt collection license, pose as PASSIVE DEBT COLLECTORS (PDC.) PDC enjoy a privilege of exemption from the dc licensing. According to the New York City Department of Consumer Affairs: "A debt buyer that merely purchases or acquires defaulted debt but does not engage in collection activities itself does not require a license from the Department." So unlicensed dc play their, typical game and pretend to be PDC. Then, they sue Consumers in court via debt collection attorneys and claim exception discussed. However, once they demand payments to themselves by dunning letters, they attempt to collect actively and for themselves. All know, by now, that when the alleged, original creditor either charged-off the account or seized its collection efforts, dc collects for itself. A claim of Assignee or Purchaser is most prevailing. PDC status is a deception. When, dc sues you in court, being listed as PLAINTIFF, it is engaged in collection activity to the maximum. A claimed status of PDC is a fraud by now. There is no PASSIVE mode in full scale court litigation. It is as ACTIVE as it may only get.
__________________ Click on: Disclaimer Sacred Triangle: Believe/Learn/Accomplish. Foundation: is the Virtues. Result: re-discover your, Higher Self connecting - Above & Below - Past & Future Fulfilling Your Destiny! - Sovereignty, Strength, & Tolerance http://sovereignjustice.org In order to preserve accuracy, my writing(s) may be re-posted unedited & in context only! All Rights & Constitutional Liberties Reserved Without Prejudice Last edited by Sharing Lights; 08-10-2008 at 09:15 PM. |
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