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Frequently
Asked Questions
Click the question below to go to
the answer.
Please review our
Disclaimer
Q. How does your debt termination program work?
Q. How long will it take to file the papers?
Q. Will your program work with unsecured debts other than
bank-issued credit cards?
Q. Can your program be used with credit cards in the name
of a business?
Q. How will your program affect my credit?
Q. Does the cost cover my family members?
Q. Will I have to terminate all of my cards?
Q. Will
I be able to get more credit cards after I have done your program?
Q. If I use a credit card to pay for your program, and
then terminate my credit card, isn't that the same as getting the
program for free?
Q. Can your program be used with secured debts?
Q. Can the banks take me to court?
Q. What
are the advantages of your program to bankruptcy?
Q. How
long have you been in business and have you had a lot of success with
this program?
Q. Why
haven’t we heard about this?
Q. What
would my banker say about your program?
Q. What
would my attorney say about your program?
Q. Why haven't the bank come up with legislation to stop
your program?
Q. Do you offer a guarantee?
Q. Will
your program work if my accounts are in consolidation?
Q. How do I purchase your program and where do I send the
money?
Q. Are there any other costs involved beyond the cost for
your program?
Q. Can you help me if I already have a judgment and/or a
garnishment because of the judgment?
Q. What other benefits does your program offer?
| Please
Review our Disclaimer |
TOP5
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| This
page is informational and not advisory. This page does not
constitute legal advice nor is it an attempt to solicit clients.
No person or entity should act or forbear any act based on the
information contained herein. You should always contact an
attorney authorized to practice law in your State for specific
legal advice. The information and materials are true to the best
of our knowledge. Any member, governor, manager and agent
providing information is not responsible for inaccuracies with
respect to such information and materials and nothing in this
site constitutes legal advice by TA Financial Group or by its
members, governors, managers or agents.
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| Q.
How does your debt termination program work? |
TOP5
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A.
The program is a 100% legal, proprietary process designed to
close your credit card accounts and cancel your unsecured debts
without you having to pay the balances. This process is
accomplished first by you filing a UCC-1 application and
becoming a Creditor rather than a Debtor, and then, with a series of letters,
an administrative injunction is accomplished....your consultant will
provide you with the appropriate guidance and suggestions each
step of the way.
The
program implements information from the Federal Reserve, the
Fair Debt Collection Practices Act, federal banking regulations,
The Uniform Commercial Code, and expertise in contracts and the legal system to help you
achieve your goals.
Individuals
who have implemented this strategy have experienced
unprecedented success.
There is a lot of information you need in order to fully
understand how you can cancel/terminate your credit card,
mortgage and
unsecured debts without making any more payments, but in short
this information will enable you to do just that.
You will learn how the bank creates money with your signature
and how they assume no risk in “lending” you money. You will
also learn about the regulations the banks violate in creating
these loans. In turn, you utilize this information to nullify,
or cancel, the contract.
The
Federal Reserve admits, in their literature, to converting your
credit card application (promissory note) into money.
They also admit they must return your money to you upon
your demand, just as they would return checks or cash that you
had deposited into in their bank.
After
your "deposit" (credit card application, mortgage,
student loan) is received,
the bank notifies the Federal Reserve of the new “reserves”
(money) they have created from your signature.
By showing these new “reserves”, the bank has met
“reserve requirements” to qualify for additional funds from
the Federal Reserve.
For example, if the bank created $10,000 in new
“reserves” (money) from your signature, the federal reserve
matches that amount up to ten-fold and gives the bank up to $100,000, which
could increase to two or three hundred thousand dollars after
the bank charges interest, late fees, over the limit fees and so
on.
Note:
In this transaction the word "Money" is represented as
nothing more than a bookkeeping entry, the bank risked none of
its assets to create this account.
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| Q.
How
long will it take to file all the materials? |
TOP5
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| A.
Generally it takes
about 3-4 months to complete the procedures. Each step will be
handled by you with the help of our consultant. |
| Q.
Will your program work with unsecured debts other than
bank-issued credit cards? |
TOP5
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| A.
Yes. Secured debts such as a mortgage, are eligible
instruments to eliminate but require different procedures. |
| Q.
Can your program be used with credit cards in the name of a
business? |
TOP5
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| A.
A
card under a business name can benefit from the program.
Of importance is the person listed as the guarantor.
If you are listed as the guarantor and the creditor
initiates collection against you (individual), you could
implement our strategies.
If the card is in a corporation name and the bank initiates
collection against it (corporation), legal representation may be
necessary, and this program may not be appropriate.
|
| Q.
How will your program affect my credit? |
TOP5
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A.
By filing the UCC-1 and other papers, you become the holder in due
coarse with your STRAWMAN. All the debts you have are to
your STRAWMAN which the government created without your knowledge.
As explained in the material you have read, you are now in first
position instead of the government and the bank and anyone else
who has a "lien" on you. Once filed they no longer have
jurisdiction. You do not dispute that your STRAWMAN owes the
bill on those credit cards, you agree, but since you are now
holder in due course, and not them, you can instruct them to
discharge the balance of debt as you are excusing the debt to your
artificial person. When
you implement the strategies of our program, the creditors will
have no other course, as dictated in the laws of Commerce, to
accept your rightful place as the person in first position who can
take back the "loan" that was "given".
Your credit report will suddenly show that you have a zero
balance for that, or those, credit card(s), and you may expect a
nice letter from the bank(s) thanking you for discharging your
debt to them.Common
myths about your credit score
Myth
#1:
If I make all of my payments on time I will have
perfect credit.
Creditors
have successfully convinced most people into believing that you
will have good credit if you always make your monthly payments
on time.
Most
of us are surprised and upset when we check our credit scores.
We are not aware that our Payment History is only one of
many variables that make up our credit score. You
may be surprised to learn that our Payment History makes up only
35% of our score, while 30% of our score is based on the amount
of money we owe. Never
having been late on making a payment does not mean that we will
have a high credit score if we have a significant amount of
credit card debt.
The
primary reason most of us go to great effort and expense to keep
up our credit is to qualify for mortgage or car loans and to get
the lowest interest rates possible.
Mortgage
companies and automotive lenders pay close attention to income
as it relates to debt obligations. They
calculate our “Debt to Income Ratio.”
If it exceeds 38% we won't qualify for a new mortgage or
car payment in spite of our good payment record.
Myth
#2:
My only alternative to maintaining my Payment History
is to keep making payments until I pay off my debt.
Most
of us come to this conclusion since Credit Counseling, Debt
Consolidation, Debt Negotiation and bankruptcy all cause us to
have a diminished credit report.
Most
people are shocked to learn that it will take 26 years to pay
off $8,000 in credit card debt at 18% interest, if we are only
paying the minimums each month.
And the interest paid would be $11,423!
What
are the chances that we will have an emergency during those 26
years and get behind on our payments?
Just one late payment will cause interest rates to be
increased!
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| Q.
Does the cost cover family members? |
TOP5
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| A.
Technically,
our program is to be used only for husband and wife, but we are
flexible with allowing family members who live in the same
household to be added to the program.
|
| Q.
Will I have to terminate all of my cards? |
TOP5
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| A.
You
can pick and choose which cards you want to terminate, as
opposed to bankruptcy where the courts decide which debts you
can discharge. You
maintain absolute privacy and control with our program.
|
| Q.
Will
I be able to get more credit cards after I have done your
program? |
TOP5
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| A.
Once
you clean up your credit after doing our program, you are going
to get offers for new credit cards and you may get offers from
the companies that you just terminated with.
They base their decisions on your credit report, not on
their internal records.
|
| Q.
If
I use a credit card to pay for your program, and then terminate
my credit card debt, isn’t that the same as getting the
program for free? |
TOP5
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| A.
Yes!
|
| Q.
Can your program be used with secured debts? |
TOP5
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| A.
Yes
|
| Q.
Could
the banks take me to court? |
TOP5
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| A.
No.
They will voluntarily discharge the debt, and you will be reducing
the National Debt by the amount you are discharging. During
the last decade in which this program has been available, no one
who has ever implemented these strategies properly has had to
pay as much as one penny on any credit card or debt collector
account.
|
| Q.
What
are the advantages of your program to bankruptcy? |
TOP5
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| A.
When
you apply for bankruptcy, you have to open up all of your books,
and your records become public knowledge.
You have to expose all of your income and liabilities.
The courts decide what you can and cannot do.
The judge may deny the discharge of your credit card debt
if he feels you have adequate income or assets to pay your debt,
and/or may require you to liquidate certain assets to satisfy
the debt.
A
Chapter 7 bankruptcy can be reported on your credit file for ten
years, and a Chapter 13 for seven years.
But even after your file is clear of these negative
marks, a bankruptcy may adversely affect your future.
Consider this -- a bankruptcy is never removed from your
Master File. For
the rest of your life, you will have to answer “Yes” to the
question, “Have you ever filed bankruptcy?” on applications,
forever reminding you of the pain of your decision.
Filing bankruptcy may permanently disqualify you from
some high-level or sensitive positions, and can prevent you from
becoming bonded.
With
our program, you decide which cards you want to terminate. You
are in control of your situation.
Also, your records stay private.
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| Q.
How
long have you been in business and have you had a lot of success
with this program? |
TOP5
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| A.
Our
program has been used with literally thousands of collection
cases and it has stopped hundreds of millions of dollars from
being collected. During the nine years this program has been
available, no one who has implemented these strategies properly,
has had to pay as much as one penny on any credit card or debt
collector account.
|
| Q.
Why
haven’t we heard about this? |
TOP5
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| A.
The
majority of the stock in the prominent newspapers and television
stations is owned by the eight families who own the Federal
Reserve.
Most
people do not realize that the Federal Reserve is not part of
our government.
They are not "Federal".
The Federal Reserve is a private, foreign corporation
owned by eight very wealthy families, such as the Rockefellers
and Rothschilds, just to name a few.
These eight families own the media...They
control the news that goes out over the Associated Press (AP)
and United Press International (UPI).
Obviously, they are not going to permit the media to
educate the public as to what really goes on in the banking
business.
More and more people are learning about these programs, and
frankly the banks are getting worried. It is still very
small and they can "absorb" the loss, but one day, that may not be
the case.
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| Q.
What
would my banker say about your program? |
TOP5
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| A.
The
people who work in the banks are not aware of what we have been
discussing. One of
the principles of our Organization was in bank management for
nearly 14 years prior to learning this information.
After learning about it, he left the banking business.
|
| Q.
What
would my attorney say about your program? |
TOP5
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| A.
Your
attorney can confirm that contracts are null and void if there
is not full disclosure and no consideration.
It is doubtful that he or she would be knowledgeable of
the monetary banking system.
Even the people who work in the banks are not familiar
with this information. I
suggest you invite your attorney to attend one of our conference
calls and do the research necessary to verify the information.
|
| Q.
Why
haven’t the banks come up with legislation to stop your
program? |
TOP5
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| A.
Banks
do not create legislation, Congress does. However, banks have a
significant lobbying power.
Regardless of that fact, it is important to understand
that if bank legislation was changed, the banks would eliminate
their ability to create money exponentially.
This process is far too profitable for the banks
considering there are more than 150 million credit card accounts
in this country and only thousands of people who may implement
these elimination programs.
|
| Q.
Will
your program work if my accounts are in consolidation? |
TOP5
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| A.
You
must not be in consolidation for our
program to work effectively.
You can cancel your consolidation agreement by contacting
the organization with which you are working, and ceasing
payments. Also,
once you begin the process, you cannot make payments on your
account or use it in any way. You must be sure that all
automatic debits are canceled before you begin this process. If
a charge is made on your account after you begin the program,
you must discontinue all charges and begin again.
|
| Q.
How do I purchase your program and where do I send the money? |
TOP5
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| A.
Talk to your consultant at ACR. He will instruct you on your
process. |
| Q.
Are there any other costs involved beyond the purchase price of
your program? |
TOP5
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A.
No other that filing fees, notary public fees, and shipping fees.
Other costs you will incur are postal charges for mailing
responses and documentation (usually via Certified Mail).
|
| Q.
Can you help me if I already have a judgment and/or a
garnishment because of the judgment? |
TOP5
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| A.
We may be able to assist you. Some default judgments are
relatively simple to have "set aside" by the court,
however every situation is different, and will need a
preliminary evaluation by our workgroup.
|
| Q.
What other benefits does your program offer? |
TOP5
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| A.
You can avoid the invasive nature of bankruptcy and be selective
over which accounts you want to terminate. You can keep some of
your credit accounts open, if you wish, while terminating
others. You will save thousands of dollars not possible with a
debt consolidation programs, credit counseling or debt
negotiation. We will provide you with professional support not
offered by any other organization. |
More FAQ about
Mortgage Elimination The Critics of Debt
Elimination - what do they say?
Back to Debt Elimination
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