Truth about Credit Card Debt in This Economy with Biased News Reporting by Uneducated Reporters

May 8, 2011 - PRLog -- The real truth about credit card debt is even being suppressed by the mainstream news media who must be accepting bribes from the card companies for not telling the whole truth or their investigative skills are nonexistent as economic insanity combined with lack of knowledge continues to beat down the nation and its citizens.

Just as sickening are the debt gurus like Ramsey, Orman and Commuta selling their expensive "get another job and keep on paying no matter what" courses which offer absolutely no help to the masses that are unemployed, facing foreclosure, already homeless or broke. You could call them the "cut back on food to save money, starve to death but pay that card account" gang.

As a quick reference here are just a few search terms in quotes you can examine at your leisure which will give you a clear picture of financial deceptions and elevate your understanding of these matters far beyond that of politicians and news reporters at any level:

1.   "The gig is up – money the Federal Reserve and you" is an extremely important video presented at The University Of Colorado School Of Law showing the history of the Fed and why our economy is in shambles because of their reckless actions.

2.   "The Chicago debacle" a PBS article revealing the fraudulent history of credit cards including an upset Congress that almost outlawed cards altogether due to the banks outrageous acts and states with no usury laws supporting unscrupulous interest rates.

3.  The "Fair Debt Collection Practices Act" which is the law that angry Congress  wrote to stop banks and debt collectors from being able to legally collect if  someone chooses to opt out of card accounts without paying.                                          
     
4.   The "Fair Credit Reporting Act" where section 609 requires reporting agencies to have verifiable that what they're reporting is true. Not one single agency has a single document offering legal proof that what they are reporting is accurate so any  information can be forcibly and legally removed from anyone's credit record.
       
By combining these laws and historical fact into one single body of knowledge anyone can stop paying their card accounts, stop all collection efforts and make reporting agencies permanently remove any references to derogatory information of any kind.

So you may find it strange that mainline news media fails to report the truth about credit card debt and choose instead to point fingers at energy companies about high fuel prices while turning their head at injustices brought about by the banks and their debt collectors. Knowledge is power and in this insane economy few will tell you the whole truth.

If you need affordable expert professional legal help to beat collectors, restore credit scores, answer your collection calls and legal notices or $20,000 in new credit at less than 3% then visit http://www.shieldedcircle.com/phil  or http://www.creditcarddebtprotection.com to talk with a certified consultant.

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