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Forum Post: Debt Suspension Rights for Consumers, Where are they?

Posted 10 years ago on Oct. 29, 2013, 2:05 a.m. EST by DebtSUSPENSIONRights (181)
This content is user submitted and not an official statement

The title of this post is the title of my facebook page as well, Debt Suspension Rights for Consumers, where are they?

If you click on this link www.facebook.com/debtsuspensionrights you will be sent to my facebook main home page. Once on my homepage please look to the left and click on debt suspension rights for consumers, where are they?

I don't believe that any one group is solely responsible for the erosion of main street's wealth in the U.S.

Most of the damage is being done by simply adding small, onerous rules that favor wall street over main street.

Example. Most Strategic Defaulters are usually people with wealth who know when to go to a lawyer to get a sweet deal on some type of secured or unsecured debt they have defaulted on or are planning to default on.

Most Involuntary Defaulters are good hearted people who never say quit, people who finally, usually through a stroke of bad luck not of their own doing, have to default on a debt.

Judges and the courts treat Strategic Defaulters much better than Involuntary Defaulters. NOBODY talks about this, I am the only one. Google both phrases together in quotes "Strategic Defaulters" "Involuntary Defaulters". The only person up until now who talks about Strategic Defaulters vs Involuntary Defaulters has been me.

Is it a conspiracy? No.

Lawyers simply tend to patronize strategic defaulters because S.D.'s pay. Involuntary Defaulters don't have any money to pay a lawyer because every last cent went to keep paying their bills as long as possible.

Judges basically respond best to those with the best paperwork, therefore Strategic Defaulters are treated better than Involuntary Defaulters.

So while S.D. versus I.D. is not a true conspiracy, A destructive economic cycle has been created that repeats every day in every state.

The Injustice of treating Strategic Defaulters better than Involuntary Defaulters affects millions of americans every year and is creating a cascading negative economic affect as more and more income is being leeched from main street simply to pay the interest rate charges to Wall Street on adjudicated debt that may never go away.

I have 20 likes for Debt Suspension Rights for Consumers on facebook, where are they? Will you make it 21?



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[-] 0 points by HCHC4 (-28) 10 years ago

Nice post.

[-] 0 points by DebtSUSPENSIONRights (181) 10 years ago

Thanks HCHC4. I believe unfair treatment of involuntary credit card (unsecured credit )defaulters is the true economic erosion point and that a lot of the economic debating going about the national budget deficit redirects focus away from main street, where it needs to be.

[-] 0 points by DebtSUSPENSIONRights (181) 10 years ago

I probably should have been more clear and mentioned this is more for credit card debt, also known as unsecured debt, than real estate.