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REDUCE MY DEBT BY THOUSANDS

Everyone needs to be aware of the following information:

 

Do you feel overwhelmed by your current debt load? Are you paying large compound interest rates, which never seem to get you any closer to paying off your debt? This new revolutionary debt consolidation system will solve your debt problems quickly.

“Banks will not allow you to participate in the conveyance process”

But we can! We have the largest private investor alliance in Canada

Now, let’s get into the premise that this new, revolutionary concept works upon.

 

Not many people know this, but debts are bought and sold every day. Your creditors have most likely sold your debt, but bear in mind that we are not referring to your creditors selling your debt to a collector. We are referring to the fact that within 3 weeks of you signing the loan contract, your creditor sold your debt to a third party.

This is where a huge opportunity presents itself to reduce your debt by thousands, while not affecting your credit!

Do not be fooled. If your creditor is collecting payments, this does not prove that they own the debt. It simply proves that they are servicing the debt. Big difference!

Servicing the debt means that once your creditor sells the debt, they continue to collect payments and provide statements, but they are no-longer the rightful owners of the debt, they are now only servicing it.

REDUCE MY DEBT BY THOUSANDS

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.

“Banks will not allow you to participate in the conveyance process”

But we can! We have the largest private investor alliance in Canada

Now, let’s get into the premise that this new, revolutionary concept works upon.

 

Not many people know this, but debts are bought and sold every day. Your creditors have most likely sold your debt, but bear in mind that we are not referring to your creditors selling your debt to a collector. We are referring to the fact that within 3 weeks of you signing the loan contract, your creditor sold your debt to a third party.

This is where a huge opportunity presents itself to reduce your debt by thousands, while not affecting your credit!

Do not be fooled. If your creditor is collecting payments, this does not prove that they own the debt. It simply proves that they are servicing the debt. Big difference!

Servicing the debt means that once your creditor sells the debt, they continue to collect payments and provide statements, but they are no-longer the rightful owners of the debt, they are now only servicing it.

REDUCE MY DEBT BY THOUSANDS

Every Canadian needs to be aware of the following information:

Do you feel overwhelmed by your current debt load? Are you paying large compound interest rates, which never seem to get you any closer to paying off your debt? This new revolutionary debt consolidation system will solve your debt problems quickly.

“Banks will not allow you to participate in the conveyance process”

But we can! We have the largest private investor alliance in Canada

#1 Debt Counselling Services

We are a broker partner to over 3000 private investors in North America's largest and most reputable private lender alliance.  

HOW DO WE ASK FOR PROOF OF OWNERSHIP?

We are a broker partner to over 3000 private investors in North America's largest and most reputable private lender alliance

WHAT ARE THE POSITIVE BENEFITS FOR MY CREDIT SCORE?

We are a broker partner to over 3000 private investors in North America's largest and most reputable private lender alliance

REDUCE MY DEBT BY THOUSANDS

Every Canadian needs to be aware of the following information:

 

Now, let’s get into the premise that this new, revolutionary concept works upon.

“Banks will not allow you to participate in the conveyance process”

But we can! We have the largest private investor alliance in Canada

 

Not many people know this, but debts are bought and sold every day. Your creditors have most likely sold your debt, but bear in mind that we are not referring to your creditors selling your debt to a collector. We are referring to the fact that within 3 weeks of you signing the loan contract, your creditor sold your debt to a third party.

This is where a huge opportunity presents itself to reduce your debt by thousands, while not affecting your credit!

Do not be fooled. If your creditor is collecting payments, this does not prove that they own the debt. It simply proves that they are servicing the debt. Big difference!

Servicing the debt means that once your creditor sells the debt, they continue to collect payments and provide statements, but they are no-longer the rightful owners of the debt, they are now only servicing it.

 

 

 

Legally, what does the bank or any lender have to produce, to prove they are still the rightful owners of the debt?

 

There are two major items your creditor must produce to prove they are the rightful owner of the debt.

 

 

  1. Your creditor must locate the original wet ink signed loan document (not a photocopy) and prepare it for inspection.

  2. Your creditor must produce a sworn affidavit by a chartered accountant verifying the debt was not sold and still appears on your creditor’s accounting ledgers as an asset.

 

Keep in mind, when your creditor cannot produce the aforementioned items, this is what allows you, together with your private lender, to negotiate a minimum 25% discount, and release you from the high compound interest rate debt trap.

The condition that must be satisfied by your creditors, before you and the private lender will forward funds, is very simply stated as follows:

“Please locate the original wet ink signed loan document (not a photocopy) and prepare for inspection accompanied by a sworn affidavit by a chartered accountant verifying the debt was not sold and still appears on the accounting ledgers as an asset.”

For your creditor to simply show you a photocopy of the contract you signed, does not prove they are the rightful owners of the debt. The wet ink, original contract you signed is the proof that they are still the rightful owners of the debt.

For example, if you signed the original contract with blue ink, the contract your creditors produce to prove they are still the rightful owners of the debt must have your signature in blue ink. The original contract you signed, that has the blue ink on it, is the asset your creditor could have sold. If your creditor can produce only a photocopy of the contract you signed, it is not sufficient. A photocopy of the contract you signed is simply a picture of the asset. It does not prove that they still own the asset.

 

 

A good analogy is: If you were going to buy a car from me, and it was time to hand over the funds to buy the car, and you asked me for proof of ownership of the vehicle, and I responded with, “I do not have it with me right now.”, would you feel comfortable handing over the funds?

Of course not! Due to the fact that I can not prove I am the rightful owner of the car.

With that said, if your creditor can prove they are still the rightful owners of the debt, we simply pay them out in full. If they sold the debt, we just need to know who they sold it to, so we can deal with the rightful owner of the debt instead.

If your creditor did sell your debt, they would have sold it to the world market, or in other words, they securitized the debt. When the world market resells the debt, the bank or the agent of the world market will not be able to produce the proper paperwork to prove who in fact is the rightful owner.

 

Why?

 

The bank will bundle 2,000 Canadian borrowers’ loan contracts and sell them to the world market. The world market will in turn create asset back securities and sell the 2,000 loan documents to 10,000 investors. To sell 2,000 loans to 10,000 investors means they must have cut each loan contract into 5 pieces and sold those pieces individually. Therefore, asking any entity to produce proof of ownership of the debt is impossible once your debt has been securitized.

We will be able to analyse your debt to tell you whether or not it was securitized (sold to the world market) simply by filling out the secure application form here on our website.

How do we go about asking for proof of ownership of the debt?

Once we find a private lender to fund your debt consolidation loan, you will be provided the first registered letter to send your creditors. If they do not respond within 20 days, we send them the second registered letter. If they do not respond within 20 days to the second letter, we send them the third and final notice. If your creditors cannot produce proof of ownership of the debt within 20 days of receiving the third and final notice, legally this is proof that your creditor is no longer the rightful owner of the debt.

 

Once we have legal proof that your creditors are no longer the rightful owner of your debt(s), we package and send all communications to the credit bureau. The credit bureau will contact your creditors, informing them if they can not prove they are still the rightful owners of the debt, they will be removed from the credit report as a creditor as stated in Canadian legislation.

Canadian legislation states clearly that all inaccurate information must be deleted from your credit report. Your creditors, who have sold your debt, but still appear as creditors on your report, is by definition, inaccurate information.

In the financial industry, debts are assets that can be bought and sold. Therefore, before your new private lender will forward the funds, they need proof of ownership of the debt.

When supplying you a debt consolidation loan, we are not creating a new loan for you. We are buying an existing loan / debt / asset off of another company’s books.

The most important attributes the private lenders are looking for when qualifying borrowers for a debt consolidation loan is their ability to pay back the loan. Just as important, it is crucial that you, the borrower, understand the concept of asking for proof of ownership of the debt.

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Once you feel you understand this concept, please complete our secure application form, and indicate you understand the concept of asking for proof of ownership of the debt. Once that indication is made and the form submitted, your file will be made available to many private lenders, willing to consolidate your debts very quickly, while reducing your debt by thousands.

If you still have questions, fill out the secure application form and indicate you still have questions regarding the concept of asking for proof of ownership of the debt. A friendly, professional representative will contact you to answer all your questions before proceeding.

The last thing any of our lenders want is to be matched with a borrower who does not understand this concept and says something like, “just give them the money, what does it matter?”

Obviously, if it was your money and you were lending $20,000.00 to someone, you would want to make sure that you were handing the funds over to the correct entity.

Save More By Referring a Friend

Our referral program is second to none. It allows you to have months where you do not make payments. Once you sign a debt consolidation loan at a great interest rate, and are very happy with all the above benefits you are receiving, when referring someone else who also signs a debt consolidation loan, their first payment goes towards your monthly payment.

 

 

The saying, “knowledge is power”, is so true when dealing with your creditors. This is information every Canadians needs to be aware of.

Now that you know your rights when it comes to dealing with your creditors, it allows for a feeling of empowerment, but knowing your rights is not enough. You need to exercise them.

We are happy to show you how to exercise your rights, partnered with a private lender, while asking for proof of ownership of the debt, which will lead to reducing your debt by thousands of dollars.

The cornerstone of this system:

 

The cornerstone of this system, which allows you to save thousands of dollars while consolidating your debt, is due to the fact you are using a private lender instead of a bank.

So why does this concept of asking for proof of ownership of the debt not work if you use a bank to consolidate your debt?

If you did qualify for debt consolidation through a bank, one bank handing money to another bank is like your left hand handing money to your right hand since all banks are part of the central banking system.

 

This is where the big benefit comes in when using a private lender. The private lender is expected to ask for proof of ownership of the debt no matter who they are buying the debt from.

Banks will not allow you to participate in the conveyance process (the transfer of funds). Private lenders encourage their borrowers to participate in the conveyance process. This is how the discount is produced while releasing you from high compound interest rates.

In the financial world, a debt is an asset. We all know assets can be bought and sold. When purchasing an asset, you must ask for proof of ownership of the asset before forwarding funds. Hence, it is a natural event to ask for proof of ownership of the debt when using a private lender. Both you and the private lender want to ensure that the funds reach the rightful owner of the debt.

If the money is forwarded to the wrong entity, this will leave both you the borrower, and the private lender, in a compromising situation.

The concepts we are addressing, of buying and selling debt, have been around for centuries. For centuries, private lenders would buy and sell each others’ debt. Keep in mind, private lenders have existed much longer than banks.

 

1974 was the first time the banks were allowed to securitize your debt, or in other words, sell debt on the world market. The reason the general public has become more aware of this, is because of the advancement of the internet.

Due to the advancement of communication via the internet, private lenders and borrowers like you are just a click away. Therefore, we can help you find a private lender very quickly, who is expected to ask for proof of ownership of the debt as mentioned earlier.

The fact the banks sell your debt has become mainstream news since 2008 due to the 2008 financial collapse. The reason for the financial collapse has been proven due to the fact the banks were selling the debt irresponsibly to the world market.

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.