What you’re about to read is highly controversial.
It took a lot of encouragement to feel comfortable sending it.
I’m sure I’ll get a mountain of blowback from those people
who feel like I am helping you cheat the system.
However, I felt obligated to share the following secret.
This secret is a 100% legal way to NOT pay your bills. (It isn’t really a
“secret” at all yet so few people bother
researching it so it is often ignored.)
“secret” at all yet so few people bother
researching it so it is often ignored.)
Ok – here it is: Use the Statute of Limitations
to NOT Pay Your Bills
to NOT Pay Your Bills
Here’s how it works:
The statute of limitations is a legalism created
by our lawmakers. It creates time limits on
certain debts.
The statute of limitations is a legalism created
by our lawmakers. It creates time limits on
certain debts.
In other words, you may not have to
pay certain debts after a certain amount of time
passes. (I think of it like a “shot clock” for
creditors).
pay certain debts after a certain amount of time
passes. (I think of it like a “shot clock” for
creditors).
I don’t want to get into a super detailed explanation here
because it could go on for pages and I’m not a statute of
limitations lawyer.
However, I can tell you about the basics which include the following:
- The statute of limitations for credit card debt
is usually between 4-6 years. (check your local
state laws here at bankrate.com)
- A payment or a promise to pay tolls the statute
of limitations. So, if you made a small payment
towards an old bill, the clock will start from the
beginning.
of limitations. So, if you made a small payment
towards an old bill, the clock will start from the
beginning.
- The statute of limitations eliminates your
legal obligation to pay a debt…not your moral
obligation to pay that debt.
In other words, if a creditor tries to sue you to collect
an expired debt, you could use the statute
of limitations as as defense.
an expired debt, you could use the statute
of limitations as as defense.
- Creditors and collection agencies will keep
trying to collect expired debts. They assume
(correctly) that most people are ignorant about
how to use the statute of limitations to their advantage.
trying to collect expired debts. They assume
(correctly) that most people are ignorant about
how to use the statute of limitations to their advantage.
- The statute of limitations will not stop bill collectors
from calling and trying to get money
from you.
from calling and trying to get money
from you.
(sorry, it can’t help you in this
department – but you can at least feel better
knowing that any threats a bill collector makes
to sue you are just empty threats)
department – but you can at least feel better
knowing that any threats a bill collector makes
to sue you are just empty threats)
I’m sure that I’ll get some hate mail because I sent out this information.
However, I’m in no way encouraging you not to pay your bills.
My job is to educate you. Laws are created for a
reason. It’s not my job to judge whether those
laws are fair or not.
reason. It’s not my job to judge whether those
laws are fair or not.
My opinion is that these
laws were created for some good reasons and that
we should use them to our advantage.
laws were created for some good reasons and that
we should use them to our advantage.
If you can use the statute of limitations as
leverage when dealing with unethical, unlawful, or
rude bill collectors, then I’ve done my job.
leverage when dealing with unethical, unlawful, or
rude bill collectors, then I’ve done my job.
By the way, by the time the statute of limitations expires on a debt,
it has usually been bought and
sold so many times that the current creditor probably
paid no more than one or two pennies on the dollar.
it has usually been bought and
sold so many times that the current creditor probably
paid no more than one or two pennies on the dollar.
Often that same bill collector will try to add ridiculous interest
and fees and attempt to gouge you for 150-200% of the
original debt.
and fees and attempt to gouge you for 150-200% of the
original debt.
If you have any questions or comments, feel free
to post directly below
how much do you charge for your services. I need expertise to remove old chargeoff, old lease that was broken due to safety issues after paying months in advance during a one year lease that was completed, a chapter 13 payoff that was supposed to take care of my vehicle after one year of payments + 4 years of 13 and the entire balance is on my credit.
please help me with this situation. capital one bank through united recovery systems continue to have a negative reoort on my credit as a balance and a charge off. I reached an agreement with capital one that upon paying the balance of 5000. my account would be marked off as paid. Yet they continue to report the account as a charged off with a balance. Your assistance would be greatly appreciated.
Thanks.
Ben,
Thank u for the information! I will be using it in my own personal circumstances!
Ben,
I have used this idea of not paying my bills. . . almost all of my debts will fall off my credit report this year. Moral obligation? Of course. I feel bad. But bad things happen to good people and they shouldn’t get screwed their entire life because of it.
I should be able to write a letter to the credit agencies demanding these old debts be removed too. What about the collection companies that have bought and rebought the old debt? The credit agencies have to remove them from my record too. . . don’t they? After all, the debts are over seven years old and I haven’t made a payment to anyone on any of it.
So. . . why would anyone file for bankrupcy to try to save their credit. . . it stays on their record for 7-10 years. DUH! And don’t start making payments and then stop. The time limitation starts from the time you made the last payment.
Thank you for your continued support of those in need of help.
Hello Ben,
Thank you for the email. I think you are a great individual because you are letting people know that they have tools (legal) to use to fight those scum bags collectors who will not stop for nothing to aggravate the hell out of honest and dishonest people. The only ones who would have an issue with this email are the ones who do not want any one to open other people’s eye to other means of fighting back.
Keep up the good work….. God Bless
Gus
Any further explanation of “tolling”?
You said that if a payment was made towards a debt then it starts from the beginning. Do you mean when the debt was first accrued?
Glenn