If you’ve ever felt trapped by credit card debt, this episode will completely shift how you think about banks, credit, and your financial rights. Discover how one man challenged an $85,000 debt and won.
#CreditCardDebt #FinancialFreedom #DebtRelief #MoneyMatters #EntrepreneurFinance
Key Notes
- Banks cannot issue true “credit” because they are not merchants selling goods or services.
- The concept of “credit card debt” may be legally flawed—most consumers are victims of systemic fraud.
- Understanding promissory notes and the creation of money can empower consumers to fight back.
- Properly closing bank-issued accounts can improve your credit score.
- Education and awareness can stop people from becoming repeated victims of the banking system.
Links
Website https://www.diy-debtrelief.com/
https://www.facebook.com/profile.php?id=61571446316625
Offer
- Free 15-minute consultation.
- Free copy of his $69 book Forgive and Forget: How to Nuclear Credit Card Debt when you book a call.
Meet Tommy
Retired American living in the Philippines teaching
farmers how to build dome structures with
bamboo, vertical gardening, and to open free
Self-Managed Health Care clinics. Born and raised
in California. Double major: Abnormal Psychology
and Accounting. Author, teacher, entrepreneur, 28
year marriage ended, became homeless (on
purpose) and vow of poverty (for 10 years), living
on farms on the East coast and walks in faith with
God.
Tommy A. Kilpatrick wrote a book on health and
healing and in 2004 he signed an infomercial
contract. For six months he was booked on radio
shows as a test and used his three credit cards to
survive. There was another author who got into
trouble with the FTC and our infomercial
company. The new talent’s contracts were
cancelled and he was stuck with $85,000 of credit
card debt. He sued his three banks in federal
court, by myself. Did he win? Well, the alleged
debt was removed from his credit report and
there was no 1099-C sent to the IRS.
