THESE CONVERTED TRADELINE ASSETS MAY THEN BE LEGALLY POSTED TO A CONSUMERS CREDIT FILE FOR LEGAL CREDIT ENHANCEMENT PURPOSES UTILIZING OUR UNIQUE, PROVEN & PROPRIETARY TECHNIQUES AND STRATEGIES.
THERE IS NO WHERE ELSE IN THE ENTIRE COUNTRY TO OBTAIN THIS INFORMATION/$CASHFLOW$ BUSINESS MODEL. WE ARE IT.
If you are in the business of helping clients increase/repair their credit, I urge you to take 5 minutes to read this very important synopsis….
This may very well be the credit enhancement solution you have been searching for.
Right now, tucked away in file cabinets, desk drawers and databases across the world are Billions of Debt Instruments.
‘These Accounts’ represent a staggering 1.7+ TRILLION dollars. And growing daily. Just in the US. this figure is up from $200 Billion in 2002.
Money is there for the taking by individuals who have the skills and knowledge to buy, sell and convert these debt instruments.
I’ve bought, sold and converted debt instruments since 1980.
Over the years, I’ve found the business to be exceptionally rewarding both in financial terms and from a career standpoint as well.
This is a brief synopsis of what we have developed concerning these Commodified Debt Instruments, (CDIs) and I don’t want just ‘anyone’ reading it.
I do want you to read it though, because you took the initiative to inquire. That puts you way ahead of the people who want to repair their credit, or offer the service for a profit; but refuse to take the necessary action to make that objective a reality.
With proper training and ambition, practically anyone can repair their credit or anyone else’s credit utilizing this unique little-known method.
With that being said let’s begin….
WHAT ARE COMMODIFIED DEBT INSTRUMENTS ALL ABOUT?
Every time one party enters into a financial agreement with another, a legal debt instrument is created. The creditor owns the debt and has the legal right to collect the debt. Many times the original creditor has no intention of holding the debt and collecting, they sell it at a discount on the secondary market.
They get their money right away and don’t ever have to bother with collecting or worrying if the debt gets paid or not. They sell whole portfolios of debt to professional debt buyers at a discount.
When debt contracts are put into portfolios and sold off in lots they are called “Commodified Debt Instruments.”
The title to the debt is legally transferred to the new debt owner.
A transaction referred to as a secondary assignment, the buyer typically will take the assignment in its own name, be listed on the sale documents as the buyer, and be legally obligated to perform as specified in the original contract.
This process is done legally with title and other documents registered at the appropriate court recorders office.
The new owners make huge profits by collecting the face value of the debt plus interest over the term of the loan. A large corporation will create debt all over the US or even the world. Most debt buyers are only interested in buying debt in a certain Country, Region, State or even on a more local basis.
Or they may be interested in only one type of debt. Such as secured debts; like Mortgages, Auto, Retail Installment, Fitness clubs, Schools etc… As long as the debtor pays as agreed (good debt aka performing debt) everything runs along smoothly. Billions $, €, £, ¥, in debt instruments are bought and sold everyday all day long.
A person buying a house and making mortgage payments may have many different owners of that debt through out the life of the mortgage. And usually will never even know that the holder of the mortgage backed security has changed. And in many cases will not even know who holds the obligation.
For the purpose of this synopsis we will concentrate on the bad debt that has been sold to a series of collection agencies. Simply because it is now on the secondary market and it’s cheap to buy and easy to acquire and convert. Debt that has been sold is quite simple to buy and convert.
SO WHAT HAPPENS WHEN DEBTORS STOP PAYING ON THEIR DEBTS?
1. First, The Creditor Tries to Collect:If they still own the debt. If they can’t or don’t want to try to collect, they turn it over to a collection agency. Sometimes they pay a commission to the agency or the agency will buy the debt. Now this Collection Agency is the legal owner of the Debt.
2. Tier One Debt:The collection agency attempts to collect. If they bought the debt. All the money they collect is theirs. The debt they can’t collect is put into another portfolio and rediscounted again and sold to a Tier 2 collection agency.
3. Tier Two Debt:They collect what they can and what they can’t collect on is discounted even lower and sold again to Tier Three collectors.
4. Tier Three Debt:At this point the only thing left is charged off debt. The original creditor has given up all hope, and so have the collection agencies.
Now enter the scavenger debt collectors; a company that has purchased debt (for pennies on the dollar) from another company that was not successful in the collection of the debt.
Because the debt was un-collectible or the time for collection of the debt has expired due to the statue of limitations, these companies often employ very aggressive, obtrusive, and illegal tactics to intimidate consumers to pay on the debt.
If these scavenger collectors can’t collect….It is now Zombie Debt. And yes, there is such a thing as Zombie debt collectors.
A Zombie debt collector is referred to as a debt collector that attempts to collect a debt that is years old and typically past the statute of limitations. A Zombie debt collection agency will buy these old debts for pennies on the dollar and use very aggressive (many times illegal) collection tactics in order to collect on the debt.
The profits zombie debt collectors make can be lucrative. For example, you may have owed a credit card company $1,000 10 years ago. The zombie debt collection agency will buy that debt for $10 and anything they collect over $10 is pure profit. Plus they tack on years of interest and late fees.
There are a only a small percentage of people who know how to turn Zombie Debt Into Gold.
I’m here to tell you that there are a few, and I mean a very very few people in the world that know the secret of Debt Conversion.
Now that you have a basic idea of how the debt buying and selling business works, how can you use this to fix credit? With this method you actually take your or someone else’s bad debt and convert it into a positive credit trade line.
You transform (by legal procedures) the original bad debt into good debt that will be reported as an original creditor or Bank issued positive primary tradeline. There are companies that specialize in buying and selling Zombie debt. There are even companies that finance the buying and selling of debt.
You can actually buy your own bad debt.…if you know how.
When you become the legal owner of the debt. You can do anything you want with the debt. You can forgive the debt, try to collect, sell it, or just give write it off. But if you know the legal process; The new owner of the debt (that’s you) is able to restructure the debt in order that the debt is satisfied and removed from the original debtors credit report.
The debt will now be removed from the credit file completely. It does not show as bad or good, it is completely gone.
Now since this debt has been settled by virtue of this legal commercial exchange, the reporting agent (credit bureaus) are able to assign the debt history as financial leverage to willing signatories who agree to assume the debt in order to boost their credit score.
NOW YOU ARE THE OWNER OF THIS TRADE LINE AND HAVE THE RIGHT TO “ASSIGN” THE TRADE LINE TO ANYONE WHO WISHES TO BUY IT.
When and only when you are ready to transfer the TRADE LINE into the NEW debtor’s name (the person who buys positive Trade Line Credit from you)
LEGAL ACCOUNT ASSUMPTION:
An individual who participates in a debt purchase transaction is given the opportunity to take responsibility for the debt obligation by agreeing to make some kind of consideration on the debt, usually a very small percentage of the original debt will suffice; in order to satisfy the legal definition of a satisfied contract. So that the new financial agreement is representative of a new credit obligation.
Now you have a legal transfer, and a positive primary tradeline.
INCREASE CREDIT WORTHINESS:
These converted trade lines result in the enhancement of an individual’s credit score since it is an “actual and existing” representation of a paid off original credit obligation, that has been reported as an original creditor tradeline for a very long time.
The purpose of the credit scoring system is to assist creditors to determine the likely hood that a potential debtor will repay a financial obligation when extended credit. This requires each item being reported to a credit file ego to be an actual and existing legal verifiable debt obligation from a credit bureau member.
COMMODIFIED DEBT INSTRUMENTS IN SUMMARY:
Once a debt (performing or non-performing) has been sold to a debt buyer as part of a portfolio: It is now a Commodified Debt Instrument.
It is in the debt marketplace and anybody that wants to can buy the debt. You can buy any debt for much less than the face value, usually pennies on the dollar. Now, as the owner of the debt, you have the legal right to collect or discharge the debt for any amount you agree upon. Using a legal contract that we furnish you. When the new debtor pays something on the old debt, and by virtue of this contract, the debt is now a positive trade line. This trade line may then be posted to the debtors credit file.
Now, you are probably wondering… how, where, who, and what of this technique?
We show you several little-known methods of getting the trade line posted to a credit file with any or all three Credit Bureaus, even if you do not have reporting capabilities with any of the credit bureaus.
A Credit Loophole They Can Never Close:
Every Year financial institutions create Trillions of new debt, and every year Billions of this debt goes bad.
In order to make their books look pretty for investors they package the bad debt in to CDI Portfolios, and sell them on the bad debt market to other debt collection companies.These companies will attempt to collect these debts from the original debtors. What they can’t collect, is repackaged and sold to the Tier Two bad credit market and then they will attempt to collect.
What they can’t collect it goes down another tier, and so on until it reaches the absolute bottom. The terminal file. Where it is not worth the paper it’s printed on. BUT regardless it is still an aged legal debt obligation.
Using an Insiders Secret that is so powerful, and known to only a few insiders. Hardly anybody knows about this. A method to legally transform charged off debt into positive trade lines and the legal title and right to post it to any credit file. Thus increasing ones Credit Score.
SIGNIFICANT profits are made from the buying, selling, and conversion of “Commodified Debt Instruments.”
Assumable/Transferable Accounts are Commodified Instruments of Debt that can be taken over by individuals or companies, by proxy from Original Creditors, Consumer Credit Advocacy firms, Debt Buyers, Sellers, and Collection agencies.
Just like the transfer of the title of a motor vehicle or house, this requires legal documents in order to prove legal ownership.
When you own the debt it is legally yours, you can take several different actions: You could discharge the debt; you can monetize the debt; you can destroy the documents; transfer ownership; etc…
Monetizing the debt means attempting to collect the amount owed by virtue of a legal judgment, however there are other creative ways to monetize debt.
The bad debt (through a relatively unknown secret legal process) can be converted into positive primary tradelines and these tradelines can be utilized by the new owner for credit enhancement purposes.
There are unique methods that can be utilized to legally get the tradeline posted to a credit file. Even if you do not have reporting capability with the Bureaus.
Companies, Corporations, and individuals (that know how) have used this method on a regular basis for many years.
This is a highly guarded secret shrouded in mystery. It is known and available to only a select few insiders.
You may desire to take advantage of this reclusive technique of credit enhancement.
MASSIVE profits are being made by those who know and understand how to perform this financial technique.
The assumption of Debt Instruments is beneficial to individuals who takeover financial obligations for the purpose of enhancing their credit portfolio, or earning a profit doing it for others.
Assuming a debt is the only legal means through which individuals can gain access to credit history without having to establish a new credit obligation directly with original creditors.
Creditors will not extend new credit to people with low credit scores (Usually below a 680 FICO). Positive Primary Trade Lines with histories of 3 to 10 years can be posted to a Credit file within 30 days.
There are no face to face meetings, it is all done online. Furthermore, you do not have to be a member of the Credit Bureaus.
Through a legal process of negotiation between an credit advocacy firm or collection agency, the original creditor and debtor, the new debt owner can easily and quickly transform the debt into a positive trade line. And the principals to this process are easy to deal with.
You as the owner of debt, or as an officer of a corp. that you form, you can act as your own Attorney in the process. The necessary forms are not complicated, and actual specimens are available.
You must have an assignment and legal title issued by a County Court.
Do not confuse these Primary Tradelines with the AU tradelines that are being offered on the Internet.
BE VERY CAREFUL WHEN PAYING TO BE PLACED AS AN AUTHORIZED USER ON AN ACCOUNT!!
Here’s the usual sting, they put as many Authorized Users as they can (sometimes up to 100) on an excellent credit card account that they plan to max out later.
Right before they MAX out they remove the Primary Account Holder by placing one of the Authorized User’s as the Primary.
It still looks great on the credit report until they stop making payments. Now the new PAH is legally responsible for the debt or they suffer the bad credit, and collectors will come after them.
This is a perfectly legal maneuver and the unsuspecting AU agreed to it and even paid to screw them. Some accounts have been reported to have over 100 AU’s posted to them, at $600 plus monthly fee.
The scammer takes the money and disappears. They go buy more good trade line accounts, repeat over and over. Don’t be a victim to this con game.
CONCERNING AUTHORIZED USER ACCOUNTS ON A CREDIT FILE:
Fair Isaac Corp., the developer of the widely accepted FICO score, said it will change its credit scoring system beginning later in the year (2013) in a way it contends will end the “Authorized User” high-impact credit boosting technique.
They will no longer factor in AU accounts to increase credit scores, unless the AU is a Spouse or close relative. (Heir)
HERE’S even more bad news for AU’s. They will still be more than willing to include it on the credit report as an AU. Even though it won’t boost a credit score.
While you are not responsible for a debt as an “authorized user”, the credit reporting agencies love to include the account on your report, so that a “debt buyer” can have one more person to try to collect from if the debt goes bad. “The authorized user” (who may still have a good credit score) the CRA’s will go after the AU if they can’t collect from the actual “primary account holder”.
They are effectively turning the AU into a co-maker( Guarantor or Surety) on the Account.
!WATCH OUT! IT MAY BE IN THE CONTRACT YOU SIGN!
Keep in mind, the CRA’s sell this information to debt buyers and they include information about who’s on the account and more likely to pay the debt.
Eventually bad debts are always settled or the Statue of Limitations occurs. Debt collectors have sneaky illegal ways of keeping the SOL from ever happening BUT savvy debt buyers do not let the bad debt expire all they have to do is make a $1 payment a few days before the SOL is going to occur, and the limitation time restarts to day one.
Professional debt settlers are making massive profits by collecting and/or settling debts and converting them into positive primary tradelines.
Ownership of these Tradelines can then be legally transferred to anyone (just like selling a car). This positive credit tradeline is now the legal property of the new owner and can be posted to the credit file of the new owner or the new owner can transfer the tradeline.
DO NOT CONFUSE Legal Closed Primary Lines, with AU’s.
Closed accounts are not credit lines that anyone can MAX OUT, rather it is a settled and closed positive primary credit trade line.
It’s as if you successfully paid off the debt according to the original contract. They are used for credit history enhancement ONLY. It cannot be stolen or used by anyone other than the legal owner for credit enhancement purposes only.
It’s a paid off account on a credit file. Just like you paid off a car or house or any other legal debt. It is excellent credit that is posted to the owners credit file.
This tradeline can be sold and can be posted to the credit file of the new legal owner thus boosting the credit score only through a specific legal process.
Because these tradelines are legally settled they can never go bad and hurt a credit score. They stay reporting for 7 to 10 years from the date of posting.
These trade lines usually increase a credit score from 40 to 150 points. The average being 75 points per Tradeline.
You probably already know that no individual can report anything to a credit file, only companies with a relationship and membership to the Credit Bureaus with the appropriate software, user ID and Password can report Credit information to a credit file.
This is the reason you must operate within the established legal system. That way it’s done properly and it will work.
Anyone that claims they can post phony good credit to a credit file is a liar and scammer. Some fly by night outfits have tried and were quickly found, and expunged from the system.
In closing the worse the credit, the better this technique works. The original debtor does not have to be located or dealt with.
If the Original Creditor does not respond or cannot be located there are several methods you can use to get the tradeline posted.
We cover these exact methods from A-Z in our CDI-AA compendium for professionals.
Bankers, Lenders, Creditors, Credit Bureaus, 99% of Lawyers do not even know this process.
I’ve attempted to give you a clear overview of this opportunity. These are the only real, safe, and legal trade lines to have on a credit file.
Thank you for taking the time to review this brief synopsis concerning Commodified Debt Instruments & Their Utilization For Credit Enhancement. I hope you gained insightful value from this information.
I AM ALWAYS ADDING NEW INFORMATION SO BE SURE TO FOLLOW MY BLOG TO STAY UPDATED WHEN NEW INFORMATION IS PUBLISHED.