শনিবার, ২৯ জুন, ২০১৩

Debt Relief Network

This is a legal wrestling match with creditors that uses basic contract law principles. When creditors lend credit card money, the contract includes an offer to lend money, the terms for using the money and an implied acceptance by the use of the card. These same three factors are about to be used against the lender; so when the client gets his next set of credit card statements, the minimum payment plus the forty three dollars and the bill is sent to the debt relief network. When the network passes along this minimum payment, deliberately late, included is a statement that says that on the cashing of the 2% check the new minimum payment is ten dollars a month and that no interest, no late fees and no negative reports on credit histories can be assigned to the consumer. It also says that the network will assume responsibility for all the debts and the cashing of the minimum payment check is acceptance of the new agreement. In addition, the cashing of the check also means acceptance that any late payment fees or any other demands will result in penalties to them of between five hundred and twenty five hundred dollars. With the forty three dollars, the debt relief network will continue to send about four months of ten dollar payments for that particular account.

Of course it's not hard to see the gigantic collision that's about to happen. Instead of agreeing to the contract, which the lenders always legally do by cashing the 2% check, they begin violating the terms by adding interest and tacking on late fees. Each lender occurrence of violating the agreement is costing the lender big penalties. The debt relief network will pay the debt at ten dollars a month for as long as the lender follows the agreement, but they never do. Within months the credit card company owes more in penalties than what it was owed on the original account. Then the network asks for relief of the debt or it will go after the lender for the penalties. God reminds us that there is an awful for our sin when the bible declares, "The wages of sin is death but the gift of God is eternal life through Jesus Christ our Lord." (Romans 6:23)

It a lot of ways, the debt relief network plan is genius. And when it comes to getting back at lenders who have practiced high powered usury for years, a person wants to stand up and cheer. The incredible toll that year after year of debt can exact on individuals is staggering, including violence, health issues and divorce. But there are dilemmas for those who see this strategy as an unbiblical abandonment of responsibilities. Much of the discussion comes down to whether a person should be subjected to ungodly and anti-scriptural usury. The Old Testament would appear to limit the lender to no more than seven years of a business relationship with a borrower and the interest had to be fair and not punitive. If anyone would say with authority that this plan is right or wrong, the authority would have to come into question, for the quandary may be more about self-inflicted guilt than a definitive biblical answer.

The debt relief network does have some caveats to share with their potential customers. First, creditors may shower the former owner of the accounts with bill collectors. The network says it can get those stopped. The network also warns that the credit report will take a nose dive, a direct violation of the agreement that the creditor made with the relief agency. When the final agreement is reached between network and who are now their creditors, the erasure of all negative remarks and their effects will be completed.

Whether the decision is to use this debt relief network plan or to use credit counseling which is another possible abandoning of obligations, or to work three jobs to pare down the principle, each one has negative drawbacks. With recent days being filled with news of possible depression-like conditions on the horizon, the possibility of greed and power finally being addressed may become a reality. But the fact remains that those who have great riches will always have usurped power over the not so rich. If a person sees this strategy as the chance for the little guy to strike a blow for the whole gang, take time to really investigate the plan. Look for critics, search for legal loopholes and pray for guidance on this most interesting option for credit elimination.

Source: http://www.christianet.com/debtrelief/debtreliefnetwork.htm

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