What is NOT MENTIONED AND DISCUSSED….
High interest rates are but the tip of the iceberg….
CONSIDER THIS….
The RISK default on loans given individuals are a given…. ie…. the gambling and lottery industry know this all too well…
Win more, lose some…. lure & bait with pictures of paradise and a huge ckeck in hand…
With the same thinking, high interest lenders…
If they don’t pay out…. will get little to no business… catch is high interest…
Surely they have put their experience through the due diligence risk machines… they know going in more than an individual who is more or less going to be stretched thin and lose their shirts….
So, if an individual defaults…. worst credit score and possibly bankruptcy… end of story
NOPE ALL WRONG… WAY WRONG !!!
PAY ATTENTION SUPER CRITICAL HERE….
HIGH RISK LENDERS HAVE COSY IN THE SAME BED WARM & FUZZY RELATIONSHIPS WITH….
None other than…. DEBT COLLECTORS…
IN FACT, THE WAY I SEE IT BEING PLAYED OUT IS….
HIGH RISK LENDER WANTS TO MAINTAIN A GREAT AAA+ CREDIT RATING FOR THEIR OWN BUSINESS… MAKES SENSE RIGHT !
BUT THE CATCH IS….
IF THE BORROWED LOAN GOES INTO DEFAULT, IT IS REFLECTED AS BAD BUSINESS DECISIONS AND POOR BUSINESS PRACTICES…
SO WHAT DO THEY DO ???
THEY EITHER CREATE A BACKDOOR BACK OFFICE COLLECTION AGENCY, “SELL THEM THE BAD LOAN”…
TAKE OFF THEIR BOOKS AS PAID IN FULL AND VOILA…. CLEAN TRIPLE A ACCOUNTING SAVES THE DAY…
COLLECTION AGENCY OWNS BAD DEBT AND HOUNDS BAD LOAN DEFAULT CLIENT TILL THEY COUGH UP OR GO INTO BANKRUTCY….
CREDIT SCORE TANKS FOR CLIENT….
And voila…
BACK TO LOAN SHARKS AGAIN…
NOW I AM WILLING TO BET THAT MANY HIGH RISK LENDERS AND EVEN MORE REPUTABLE BUSINESSES “OWN” BACK DOOR DEBT COLLECTION AGENCIES AND TURN A SIZABLE PROFIT DOING SO…
AFTER ALL…. MONEY EQUATIONS THESE DAYS IS EXPRESSED AS….
CREDIT SCORE… LIVE OR DIE BY IT…
I WOULD GO THE EXTRA MILE AND SEE HOW WARM THE BEDS BETWEEN LENDERS OF SO CALL CREDIT AND THEIR HANDED OFF DEBT COLLECTION FRIENDS WITH BENEFITS ARE SO TIGHT….
IT MAKES THE PORN INDUSTRY LOOK BAD FOR NOT FOLLOWING IN THEIR FOOTSTEPS….
PRIME EXAMPLE IS…
ROGERS & COLLECTION CROOKS
HEY ITS BUSINESS AND A FREE MARKET AFTER ALL…
BUT LAW MAKERS HAVE GIVEN THESE CROOKS A FREE RIDE….
ELECTIONS ARE COMING UP….
SPEAK UP OR FOREVER GO HOMELESS WHEN YOU CAN’T PAY THE BILLS ANY MORE
And that my friends is how you end up putting ….
2 + 2 together and end up with pure legal criminal laundering….
MY MATH ADDS UP BECAUSE I HAVE DATA
BTW – GOVERNMENTS DO THIS ALL THE TIME WITH THEIR BUDGET BOOKS
LIVE & LEARN, OPEN YOUR EYES
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