When you sign a credit agreement your the only one that signs it, ever noticed that then they take a photocopy and give you the photocopy or the carbon copy, it’s never the other way around where you keep the copy with your wet ink signature on it, ever wondered why ?
Well they need your copy with the wet ink signature to apply for the money they claim their loaning you, the carbon copy you get is worthless, in effect they sell that credit agreement you signed, it’s what called securitising the debt by selling it on,
Now the minute they do that the loan / debt is paid for, they just end up getting paid twice by getting you to repay and add interest, their basically charging you for the credit you created with your signature, tut tut !
Now what i do is demand proof their is a valid deb owed in the firm of that wet ink signature contract you signed we demand to see the original not the carbon copy because that’s worthless, now trust me when I say they kick up a stink about this and try everything to avoid supplying the original copy that you signed which we know they haven’t got, then all the threats start court action bailiffs etc etc so then we use their own rules against them and litigation to enforce our demands for evidence of an alleged debt owed by you,
Now sometimes it’s a quick process of them folding like I have proven by other members but sometimes it drags out, the bottom line they have got to produce the original credit agreement with your wet ink signature on it not a photocopy or a carbon copy only the original top copy with your wet ink signature is proof of debt as we know they cannot produce because they sold it to create the money they claim they lent you
Its your signature that creates the money nothing else 😆