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Compound and simple interest


Simple Illustration: Put $100,000 into each calculator below and check out the results.

Simple Interest Calculator | Compound Interest Calculator


Every Canadian needs to be aware of the following information:


Why does this not affect your credit?


You are not negotiating due to not having the money to pay the creditors out, you are negotiating due to the fact your creditor does not have the proper paperwork proving they are still the rightful owners of the debt.

Really, at this point you can see how the banks have no right to collect anything due to the fact if they sold the debt they already got paid and no longer own the debt. Were we to forward them the funds, they would be paid twice.

The truth of the matter is that the Canadian system is not ready to allow people to fully discharge their debts, but together with a private lender negotiating a minimum 25% discount while being released from the compound interest trap, while not affecting your credit report, is a very realistic expectation.

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Here are some links that prove banks sell your debt:

We found these in a web search, as outlined below


We searched the web for the following two phrases:

“Are my credit card debt securitized”, and

“What is securitization”



The following link is from Wikipedia, the free encyclopedia: Securitization, wherein the Wikipedia definition states clearly:

“Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities”



In the following link: Credit card asset-backed securities and their impact on U.S. household financial stability, it states clearly in the third paragraph:

“Securitization, a process of pooling illiquid financial assets (such as loans, bonds, and mortgage) and selling the assets as liquid products to investors, emerged in 1970s and grew dramatically in early 2000s.”


Furthermore, under the heading “II. Background & Past Academic Papers“, it clearly states:

“The process of securitization is as following: first, the originators pool a group of similar illiquid and non-tradable financial assets (such as mortgage or car loan payments). Second, they transfer those assets to a Special Purpose Vehicle (SPV), whose sole purpose is to issue the securities. Then, they repackage the cash flows through financial contracts with different parties involved.”


According to the dictionary, “Transfer” is another term for, “Sell”.



More links proving the banks sell your debt:


This link from the Financial Post, states credit card debt is securitized: DBRS’s take on credit card debt and securitizations.


This link: Securitization, states in the second paragraph:

“Securitization is the practice of combining various debt obligations (like residential mortgages, commercial mortgages, auto loans or credit card obligations) into one consolidated debt instrument, or security, such as a bond. Once the debt obligations have been pooled, a coupon is set and paid to the bond purchaser.”


By using the term “purchaser” it proves they are referring to the bank selling your debt.


Why banks sell your loan


In this link: Why banks sell loans they make, under the heading, “Why loans are sold”, it is stated:

“Many consumers don’t realize there’s a thriving market for loans, referred to as the secondary market. When you borrow from a bank or credit union, you may not notice that the fine print on the lending agreement says the loan may be sold.

“Most lenders sell loans due to liquidity reasons, meaning they don’t want the loans in their balance sheet,” says Cristina Zorrilla, assistant vice president of mortgage pricing and investor relations with Navy Federal Credit Union. “They sell loans so they can lend to more borrowers.”

Some lenders sell loans to other financial institutions but keep the servicing rights.

This means the customer still deals with the same lender and sends the payments to the same place. It hardly affects consumers, since the point of contact doesn’t change. However, many lenders don’t have the capacity to continue servicing all the loans they make, so they sell both the debt and the servicing rights. When that happens, customers have to send their payments to a new organization — and will deal with that new party if problems arise. Only a few, including Navy Federal Credit Union, never sell servicing rights.”



Every Canadian needs to be aware of the following information:

The Canadian rules of court also back this concept.


In the Canadian rules of court, in order to sue an entity, you must be an affected party. If the bank cannot prove they own the debt, they are no longer an affected party.

A good example is, if you sold a house in June, but in September, find out it was vandalized, can you sue the people who vandalized the house? No, because you are no longer an affected party. You no longer own the house.

The same goes for the bank. If they sold the debt, they are no longer an affected party, and have no legal right to sue.

This premise also holds true when applied to the credit bureau. They are governed by provincial legislation, along with the consumer reporting act.

It states very clearly that the credit bureau must remove inaccurate information from your credit. Therefore, once we send the communication to the credit bureau, that we had with your creditor, proving they cannot prove ownership of the debt, your creditor must be removed from your credit due to the fact that they are no longer, by definition, your creditor.

For example, if you signed a loan agreement in February, and your creditor sold the debt in March, but you went delinquent on that debt in April, is the original creditor you signed the loan agreement with allowed to place a derogatory remark against your credit, if they sold the debt?

The answer is no, because they are no longer your creditor nor an affected party since they sold your debt.

When completing this transaction, we must make sure we fulfil your contractual obligations to your present creditors.

When executing this system, you inherently meet your contractual obligations.


Your contractual obligations are as follows:

  • At the end of each month, you either pay the monthly payment or payout the loan in full.

  • When paying out a loan, you the borrower can use your own funds or borrowed funds.

  • You the borrower can either borrow the funds from a financial institution or a private lender. (You have elected to borrow the funds from a private lender.)

You, via the private lender, are now attempting to payout the loan in full. Therefore, proof of ownership of the asset or debt must be provided, in order for the loan to be paid out in a commercial transaction.

If your creditor cannot come up with the proper paperwork to complete the transaction why should you suffer.

If you were expected to keep paying the creditor, while they looked for proof of ownership of the debt, they would simply have no reason to produce proof of ownership of the debt, due to the fact they are still getting paid. In essence, this would trap you into a high-interest loan, while destroying the deal with your new private lender. Why would the private lender wait around, without getting paid on his loan for months, while the bank looks for documentation they no longer have? This is why, when obtaining a debt consolidation loan via a private lender, you must fully commit to the private lender in order to reduce your debt by thousands.

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The result is guaranteed lower rates, monthly payments, and reducing your debt by thousands, while not affecting your credit.

You may be thinking, “Wow. It can’t get any better than reducing my debt by thousands while getting out of the high compound interest debt trap”, but actually, it does get better, when you take our referral program into consideration.

Compound and simple interest


Compound interest is far more expensive than simple interest. Simple interest can save you thousands of dollars, but if you have a bank loan or credit card debt, you are paying it back at compound interest rates. It serves to benefit the banks, but that expense consumes money you could be using for your debt payments.

Our private lenders charge simple interest, and that, in turn, will save you thousands of dollars. You will be able to see for yourself below.

Please watch the following video from 7:50 to 9:30. It provides a great illustration of how using simple interest will save you thousands of dollars when compared to compound interest.

Simple Illustration: Put $100,000 into each calculator below and check out the results.

Simple Interest Calculator | Compound Interest Calculator