Stealing a hit counter

Stealing a hit counter

Yes, I didn't follow the TOS for a free hit counter. How do you steal something that was offered to you free?

Now, let's put it in perspective. According to public foreclosure records, CREDITWRENCH CEO Bill Bauer tried to steal a whole fucking house.

And then in the next episode we get this a totally blank screen with broken html coding.

CREDITWRENCH and interest rates

CREDITWRENCH and interest rates

CREDITWRENCH CEO Bill Bauer today advised readers interested in his credit repair offerings that even with bad credit they can borrow money from BankOne at 5%. Seems rather low considering that I am, at this moment, reading today's Wall Street Journal and they quote today's prime interest rate at 5.50%. (Prime interest is what banks charge their most creditworthy corporate customers.) Wonder how an Oklahoma City BankOne is able to charge credit-risk customers less than prime.

Additionally, it seems his BankOne is earning and paying interest on pledged security contrary to federal banking regulations.

We'll delve into this matter futher tomorrow, as right now I'm working on some other false and misleading credit repair claims made by CREDITWRENCH CEO Bill Bauer.

Uncle Normie needs to find greener pastures

The peculiar (and annoying) tendency for the ignorant and irresponsible to nitpick and quibble manifests itself in three distinct ways: back-seat driving, armchair quarterbacking and carping.

Every single measure taken by the CREDITWRENCH to wage the war on abusive debt collectors and the credit bureaus has been opposed by the Uncle Normie. Yet he has no strategy, no plan, no proposals other than "everything CREDITWRENCH has done is wrong." Let's examine the Uncle Normie's complaints about CREDITWRENCH, and see what pattern emerges. The nature of the debt collectors and their terroristic threats demand that some techniques which are legal to be used be put to good use by consumers. These measures, signed into law by Congress, or devised by the simple application of good old common sense have been overwhelmingly opposed by "Uncle Normie" and his cohorts. It is the height of hypocrisy to claim that the war cannot be won by CREDITWRENCH methods and then fail to come forth with his own proposals and plans if indeed he had any.

Information is intelligence but "Uncle Normie" obviously has little enough of that indeed. Intelligence is information, it is not action. Knowing where your enemies are is useless until you do something about it. Debt collectors depend on consumer ignorance and frustration to accomplish their ends and maintain their funding. In order to defeat debt collector terrorism, we must learn from those we can trust to provide good information and teach us how to use it in a common sense way and not by the application of false and misleading information to junk legal theories.

Before, and during, the present time when a new and loudly braying jackass appeared on the scene embodied in the corpus delecti of one "Uncle Normie" and said it could not work, would not work, and should not be done CREDITWRENCH methods have and will continue to be the standard of excellence which others seek to emulate.

"Uncle Normie" is nothing but an amusing but clearly befuddled creature who has nothing better to do and will soon pass on to other less challenging enterprises.

Let us not be duped by his loud and incessant braying. He will soon move on to greene pastures.

CREDITWRENCH credit repair via bad advice

Making Mountains Out of Molehills

"Uncle Normie did his usual rabid attack on CREDITWRENCH today (12/15) , completely ignoring -- as usual -- most of the FACTS of the story. If "Uncle Normie" were "reporting" that the sun rose this morning, he'd try to make it sound like a shocking scandal, unprecented in the annals of humanity. Here is his latest shot at shame:

CREDITWRENCH proposes an idea to improve your credit rating here. Problem is, not only will it do very little, if anything, to improve your credit, it will prove to be disasterous on your financial situtation.

He claims in his message that this is his idea and it's copyrighted. First of all, you can't copyright an idea, secondly this scam as been around longer than his scam.

This scheme involves borrowing $1000 from a bank by putting up $1000 dollars of your own money as security, then using the banks money to deposit in another bank etc., etc.

So what's the bottom line? This scam was created ages ago before the advent of the FICO scoring system used today by all creditors to determine, not only creditworthiness, but as a measure of what to charge for interest.

If you're in a situation that you're considering using a credit repair method such as this one proposed by CREDITWRENCH CEO Bill Bauer, your FICO score is most likely in the 450-550 range.

With a score in that range, you will find yourself paying around 15% interest on a secured loan. Now keep in mind, you are actually borrowing $3000 using his 3 bank trick. Doing a quick calculation of 15% on $3000, and that's only compounding it once annually, you will pay $450 for this $3000 in loans. Almost 1/2 of your $1000 deposit wiped out in just 12 months to play his silly "trick". As you can see from the math, the trick is on you.

He say's that the cost of the loan would be offset by the interest earned. Wrong again. First off, banks do not pay interest on their security. Anytime you use cash as security it is put into an escrow account, not a savings account.; it draws no interest for you.

At the end of 12 months you lose 1/2 your savings and this type of account being paid in full will have marginal, if any affect on your FICO score.

Uncle Normie and his most treasured falsehoods.

CREDITWRENCH, the FDCPA, and the law Part VII

For the first in a long series of total bullshit lies, Uncle Normie claims the following:

CREDITWRENCH CEO Bill Bauer has stated:

a collector can avoid being sued for past violation of FDCPA by stopping the collection process.

This is a real blooper. He posted it first on www.pcmholdings.com and that one really burned his butt.

His statment has absolutely no basis in law or the FDCPA. That's like saying if you run a red light, and hit another car because your brakes fail, you can avoid being sued by getting your brakes fixed.

The FDCPA is a strict liability statute, and as such, a consumer has the right to sue under statute for any violation, regardless of subsequent remedial actions taken.

CREDITWRENCH Bill Bauer's statment that a collector can avoid being sued for a violation of the FDCPA by stopping the collection process is false and misleading.