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FIB - Scams 101
Re: Uhmmm.... I take it you don't own any GPSes?
Posted By: Advertiser From Canada In Response To: Re: Uhmmm.... I take it you don't own any GPSes? (Gary)
Date: Monday, March 3, 2008, at 4:06 p.m.(pst)
In Response To: Re: Uhmmm.... I take it you don't own any GPSes? (Gary)
This whole thing makes me laugh my head off, and if you, the author of this thread, bothered to take the time to go through the website and watch a 45 minute presentation explain in full detail how the software works at CANCELLING INTEREST in conjunction with the HELOC, PLOC or BLOC. Yes, if you have no equity in your home a PLOC will work just fine - as long as it has the prescribed characterists.
Here's some info on Open-end and Closed-End loans:
Money Matters - Difference between a Closed-End Loan & Open-Ended Loan MORTAGE: This is a perfect example of a Closed-end loan. You can put money in but you cannot take money out.
So if you pay more on your mortgage every month, that's great, but if you have an emergency you cannot use the extra money you paid in.
HELOC: A HELOC is a Home Equity Line of Credit - and Open-ended, which means you can put money in and you can take it out. The ideal parameters for a HELOC are as follows:
Variable interest rate works best (can be fixed)
Free cheque writing (or minimal cost)
Unlimited cheque writing out of HELOC
No fees for drawing funds out of the HELOC
Best HELOC Functionality for online banking:
1. Ability to transfer money from checking account to HELOC and HELOC to checking account. Line a checking/savings account.
2. No limit to the number of transfers a month
3. No fees for online transfers
4. No dollar amount limitation on transfers
5. Ability to link HELOC to checking account as overdraft protection.
6. No fee for overdraft protection
7. Shortest turnaround time for posting online transfers to chosen accounts.
8. No fee for online bill paying
If this sounds complicated it's not. Some of the major US banks offer this type of Loan, Bank of America and Chase to name two.
Personal Line of Credit:
If a homeowner has no equity in the home, but has a FICO credit score of at least 650 or more, chances are they would be able to get a PLOC (personal line of credit).
And if you have your own established business you could probably get a line of credit quite easily.
(while that part was interesting and useful, the rest of this message was a long ad for the Same Old Stuff and got nuked by the Coffee Moderator.)
Messages In This Thread
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| PLEASE READ THIS LEGAL NOTICE CAREFULLY BEFORE YOU FILE A LAWSUIT OR EVEN WASTE TIME THINKING ABOUT IT. It has been done before, but never successfully. In fact, the last dodobird who tried it ended up being ordered to pay more than $77,000 in attorney fees ($65,000+ to my attorneys and $12,000+ to my co-defendant's legal advisor).
If your attorney is worth his salt, he's going to tell you that the expense of filing a lawsuit you can't win is a whole lot worse than any "damages" resulting from messages posted on this insignificant little chunk of cyberspace.
NEWS FLASH: I didn't just climb down off that ol' turnip truck yesterday. I'm well aware that expressing a negative opinion, relating one's personal experience, and restating provable facts are all legal in this country and do not constitute libel, slander, or defamation -- so you don't want to play games with me, and you sure don't want to start something you aren't prepared to finish. I don't take threats lightly, and I don't accept bribes (or did you call it a "mutually-beneficial arrangement"?). I'll turn you in faster than you can yell, "ARREST ME, I'M SCUM!!"
Do yourself a favor and turn your legal team loose in greener pastures.
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In closing, I would like to remind you once again that it is still legal, in this great country of ours, to express a PERSONAL OPINION, as long as it is presented as opinion and not as fact.
And finally, all you scammers out there will do well to remember that TRUTH IS AN ABSOLUTE DEFENSE against charges of libel, defamation, and slander... so if you're operating just a hop, skip, and jump ahead of the law, you might want to think twice before doing anything stupid... (AND SHAME ON YOU!!).