CREDIT SCORES: I believe you first need to understand the purpose behind Credit Scores. The Credit Scoring System is another slave driving program that was devised by the Federal Reserve System with the blessing of the high contracting powers. Its purpose is to squeeze more cash out of borrowers and to force the public into becoming loyal conditioned slaves!

 First of all, when you apply for a mortgage, you are requesting a loan of their valueless currency, to purchase a home or automobile, which you can never own and upon which you pay a penalty, called interest and costs. Those who are approved for a loan are watched closely to see if they have swallowed the fraud, “hook, line and sinker” and follow the repayment instructions fully!

 Those who can’t follow their directions, lost a job or financially over extended themselves are rated badly (credit scores) and are penalized severely then and whenever they apply again, via points.

 The personal information you provide to them when applying is also sold to other financial institutions and collection agencies. They tell you no, but unless you take the time to read all the fine print, they bluffed you again!

Some merchandizing companies have or perform a type of collection process first as a courtesy and when you fail to bring your payments up to date, they discharge the debt and sell the discharged debt to collection agencies for pennies on the dollar!

 These collection agencies are all owned by law firms who hire people to contact you and attempt to collect the original debt plus penalties for them. They do not represent the merchandizing company. They represent their own business and probably paid $25.00 for a $300.00 discharged debt. If they can persuade you to begin making payments to them, that creates a contract between you and the collection agency, regarding a debt that no longer exists! When a debt is discharged it means that your agreement with that company is cancelled for good! Those lawyers really are pretty clever! If you are a compliant slave, your credit rating will be high and yet there really isn’t a difference between the borrower who has perfect credit and the borrower who has poor credit, as I will discuss next under Home Mortgages! It is all a corporate fraud to increase their wealth and deplete yours!

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