https://m.youtube.com/watch?v=wh_1_WHmz3wtl;dw:okay so this is a video from a lawyer to other lawyers about how to beat debt collectors and banks who are suing you because you owe them money.>like mortgage backed securities, all debt is wrapped up into securities>the bank that creates the loan then sells the loan to another entity (for example citibank sells their credit card debt to citigroup as a security)>by making this debt a security and then selling it the bank is able to show less "debt to income" so the bank can borrow more money to then lend to people (it's a scam)>so when the bank goes to collect the money you owe them they don't own the debt anymore>this makes them a 3rd party debt collector which means they have to be subject to federal debt collection laws which are much more strict than the laws about an original lender trying to collect a debt>because it is a security, trying to prove who even owns the debt is a mess>"you have to show assignment" which means you have to show that you have the debt or else you don't get shit
buy an ad
>>545308875Thanks for stopping by, retard
>>545308258It's funny that magatard rednecks all have loans for their retarded pickup trucks and their cheap mcmansions that only cost like $200k because its in some bumfuck rural nigger infested shithole in Missouri, and then these people make fun of educated, intelligent whites who have degrees in fields like computer science, engineering, math, physics, etc. Having a $60k loan for a degree in mechanical enigeering is also smarter and more useful to society than having a $200k loan for some shitty McMansion in some nigger infested region of Alabama or Texas or a $100k super pickup truck. No suprise that the same MIGAtard evangelicals that support Epstein, Israel, Zelensky, mass immigration, censorship of antisemitism, COVID lockdowns, mask mandates, vaccine mandates, pedophilia, child molestation, and Zionism are also lazy, low IQ losers with massive piles of debt for retarded trinkets and consumeristic goods.
>>545308258Yes it has always been a fascinating thing that debt packages as an asset get sold off for much less than the total debt inside the package. So in essence the value of your debt is not the full amount you owe. Its a bit fucked
>>545309196It’s not even like that. Some Slavic thug debt collector that sold a debt to some other loan shark isn’t pulling a scam because nothing gets turned into a security. The loan shark isn’t still an ass but he’s not outright pulling a con on you like how these attorneys do. After everything is securitized they lose any right to sue you.
>>545309414Is still an ass
>>545308258Last time a debt collector tried to contact me I used them.>comcast provides shitty service>try to cancel>comcast refuses to let me cancel>send message with all relevant information ending my business with them. >Keep copy of said message, and comcosts reciept>get free internet for 9 months>comcast finally stops service and attempts to make me pay them>spend hours on the phone talking to dozens of people. >None will listen. >Comcast tries to go to collections>get all information regarding the account from collector.>send collector my message ending service aggreement>collections stop>comcast tries new debt collector>do same thing>take papers from both debt collectors and my message and all bills>file police report alleging fraud with all the evidence>2 months later comcast send a mesaage saying i owe them nothing and account is closed.>comcast never gets prosecuted for fraudFuck our shitty fucking system. If i commit fraud in the amount of $2,000 i go to jail. But if comcast commits fraud they get to just pretend like it was an accident.
>>545308258tldwtldr
>>545309853Cringe and bluepilled
>>545309076>that only cost like $200k because its in some bumfuck rural nigger infested shithole in Missouriit's like 400k for anything decent anymore, pajeet
>>545308258>Participates in the jew system >Gets jewed Cause and effect here so you probably shouldn't do that. Then you've nothing to worry about. >Taking loansLol, lmao even.
>>545308258You can avoid the whole situation by living within your means and not spending more than you make. I've never once had to worry about being sued by a debt collector because because I've never had more debt than I could manage. Even during periods of unemployment or illness.
>>545309076Well, jeet, I have a degree in Computer Science and live in one of the rural shitholes. I live in a four bedroom house and drive a $100k truck while making $200k+ cleaning up code for companies that made the mistake of hiring jeets. I like to tell the people who work for me that the most expensive thing companies spend money on is cheap, third world tech labor. Oh, and I paid $250k for my house brand new. As in the paint wasn't even dry when I closed. It just appraised for $450k.
>>545308875No bitch.What its about I think is just that you just keep acting like the debt they assign to you, you aren't even really sure if if it yours and that you sorta doubt it and then you are free of it. You have to accept the debt when its been made into a security or something. OP could have done a better job simplifying.
>>545308258I'm not paying shit and you can't do fuck about it
>>545311614I have never had a credit card or a loan outside of family.
>>545311865##OCCUPY WALL STREET>lets bring it back
>>545312058I have tons of credit cards. They're all points cards. I just use them to pay all of my monthly expenses and pay them off every month. It's a great way to build points for hotel stays and flights. I haven't paid cash for a flight or a hotel stay in years. I did have a loan on one vehicle, but I put 50% down and paid it off in under a year. I couldn't pass up the 0% financing deal.
>>545312175Very nice. I just…I hate banks man. I hate going to them, I hate everything about them. The only loan I’ll get is for a house.
>>545311614That’s true but the point of this thread is for anons undergoing a lawsuit.
>>545310676still didn’t click the ad links
>>545311780>OP could have done a better job simplifying.https://archive.4plebs.org/pol/search/text/wh_1_WHmz3w/don't hold your breath
>>545312377And my point is that if you're being sued for debt you never repaid, you'll find very little sympathy. Sure, there are people who catch a bad break and wind up in a bad situation. But we all know that the real reason shit like this gets posted is because these people are living way beyond their means. We shouldn't be encouraging this sort of thing because it raises borrowing costs on people who actually take on debt properly and use it wisely.
