An excellent educational video enlightening us on what is really happening out there with regards to money, taxes and government.

If you want to really know what is going on, why we are burdened with taxes, who the government pays and how it is completely fabricated, then watch this Freedom to Fascism

Did you see Monday’s Panorama?

Amazing stuff!

Monday’s Panorama, presented by consumer champion Paul Kenyon, took a look at the debt industry and its battles with borrowers.

A debt avoidance industry has grown up in the past decades, with websites such as RPM Finance looking for loopholes in credit card agreements.

Most adults owe more than £5000 in credit cards, loans or overdrafts.

Basil and Amanda Rankine, who run the site Credit Card Killer (complete with news reading robot) had debts over £100,000.

They had 13 credit cards, 4 loans, and an overdraft.

They got hold of a copy of the Consumer Credit Act and began confronting lenders such as HSBC with the mistakes made in their contract.

HSBC claim that they wrote off a £10,000 debt as they’d lost the original documents.

Sir Roy Goode QC, who wrote the Act, says “it is easy for a creditor to make a little slip…which entitles the consumer to refuse to pay.”

To read more about it, go to the Panorama website here

Download your free report 

Here is a very interesting article I came across in the Financial Times. It highlights a company who have identified a loophole which enables them to claim back bank charges on behalf of their customers.

They claim that this loophole is is unrelated to the decision we are awaiting from the Office Of Fair Trading.

Customers are claiming back on average £2500 ….. worth considering !

Working as a Claims Specialist Agent does have it’s up’s and downs.

Take last week for example. I was up in Scotland at a customers house at nearly 10pm at night while husband and wife both grilled me.

She was very diligent, she had spoken to the FSA and the Ministry Of Justice. I went through the paperwork with her and answered all their questions to the best of my knowledge. I spent about an hour and soon realised they were not ready to sign anything now, so I did the sensible thing and left them the paperwork to peruse. She was not finished though and wanted to further check the references I had given her.

I flew back down south the next morning and although disappointed, I felt I had done what I could.

One question she did ask was why we were not FSA regulated?

I had to get back to her on that and I found out that the reason was because the Ministry of Justice regulates compensation claims whereas the FSA regulates Lending, (though we still have to follow FSA guidelines).

She called me up last night to tell me she was very happy with me and the information I had given her and would like to complete the paperwork.

Another customer I saw at the weekend works for a bank and her partner is a mortgage broker. She was keen to have her credit card cleared whereas he thought it was immoral with what we were doing. I had a very interesting discussion with him and we agreed to disagree. She went through the paperwork with a fine comb and came across a clause which she was not happy with.

Again I told her I’d leave the paperwork with her and get back to her on that particular clause. I followed up on Monday and satisfied her after explaining why the clause was in there and reassuring her in writing that she would not be subject to any other fees than what was stated under the Conditional Fee Arrangement.

She sent me the completed paperwork today.

So it seems to me, if you look after your customer and put the effort in then they’ll pass you the business. I would never try to persuade someone to go ahead, if they were not sure. It is far better to leave the paperwork with them and address any concerns they may have. It not only helps me build a business and an income but means I am happy in the knowledge that I have done the right thing.

If you have an outstanding balance on any credit card taken out before April 2007 then some of these companies may be able to have your credit card canceled, even have your balance cleared and your charges and interest payments refunded.

If you have ever taken out a mortgage, whether redeemed or not, you may be entitled to compensation. Some companies will review the claim, free of charge and will be happy to process your claim, provided there is a minimum compensation claim. In some cases outstanding mortgage balances have been written off.

If you have ever used Car Finance and borrowed at least £10,000 then you may be able to claim compensation. This can result in your car loan being written off and all the interest you have paid being returned to you.

If you have ever taken out a secured or unsecured loan, you may also have a compensation claim. Again this could result in your balance being written off and/or all your interest payments returned.

I do a free review and with a little information from you can determine within 24 hours as to whether you have a claim.

It may sound too good to be true but it is happening now, thousands of claims are being made and paid out. This phenomena is sweeping Britain and is big business. The banks have set aside £6.6 billion for personal consumer debt. Whether you believe it or not it is happening.

Where does money come from ?

Now that is a good question and if you are interested I highly recommend you watch the video The Big Swindle

The Central Banks and the Federal Reserve create it out of thin air ! These are private, unaudited institutions. The system is called Fractional Reserve Banking and most economists agree that it is unsustainable.

They print money or create it through computer transactions and then they lend it to our Governments. They then charge those Governments interest. That is interest on something that they have just created out of thin air. The Governments then have to suffer taxes on the people in order to pay these Bankers.

In effect when you borrow from the bank, (for example for a mortgage), you have yo put up a physical asset (your home) while they simply create a computerised transaction (a debt). You risk your home, your livelihood and even bankruptcy, what does the bank risk?

Think about it…….. you have been had !

One of my friends phoned me up a few weeks ago. He and his wife are well respected and somewhat successful Property Investors. With nothing to begin with, they had educated themselves and with a lot of passion, threw themselves into their business. Many of us looked up to them as they were ethical, creative and sharing. They had put into practice everything they had learned and had built a nice little Property Portfolio.

Now they are facing Bankruptcy,

I know many, including myself who are facing a similar fate.

My wife and II own fourteen properties, all bought in the last two years, yet we make no income from them.

I am unable to return to my former career as I’ve been out for too long, at least that is the impression I’m getting at the interviews.

I have no cash and cannot afford to pay our own mortgage, never mind service the debts.

I have a wife, a seven year old daughter and a four week old baby and the bills just keep coming.

There are many out there who judge, they would say, it’s our own fault and we should suffer the consequences, some even blame us for the state of the economy, others call us greedy. Yet we decided to create our own future, instead of following the herd. We learned a lot and we regret nothing.

Like many others, have felt the fear, it does your head in, it is relentless and can be overwhelming. You feel you need to suffer, that you have let yourself and others down. It can be devastating.

I write this blog because I had enough of the fear, it is now time to demonstrate humanity and to help support and inspire those, that for whatever reason are struggling in these very difficult times.

I also intend to add a little Personal Development content. I’ll comment on books, seminars and people who have been of value to me.

It is late Wednesday night and I’m writing this post from the house I grew up in, back in Polbeth, West Lothian.

I bought a few leads and a very cheap flight and made my way up to Scotland. I was pretty lucky as I had arranged a day’s training in Glasgow on the Tuesday.

I had bought eight leads and phoned them all. I had figured at £20 each lead plus a £24 return flight that I’d be quids in, provided I converted a couple of them. However two of them never answered after repeated attempts, so I left them messages. Another one would later fail to be contacted. I arranged appointments with four of them on the Wednesday.

I printed off all the paperwork and Tanya dropped me off at Bournemouth airport on Sunday night. A couple of hours later I was being picked up by my Dad at the other end.

I met up with Debbie on the Monday and went through the business. I showed how to process claims and what to tell the customers. It was pretty good and I fairly enjoyed it. She had just joined the company last week and was looking forward to some training tomorrow afternoon.

On Monday night my Dad and I did a bit of father/son bonding, reminiscing and drinking whisky to the wee hours of the morning. It was a pleasant time.

The following afternoon we arrived at a hotel near Glasgow Airport and spent the afternoon in the company of the trainer and ten enthusiastic salesmen (and women). We went through the processing of claims, how to generate leads and he updated us with the latest developments within the industry. It was pretty interesting, especially when I heard that the company had yet to lose a Credit Card compensation claim AND that we could tell our customers this. That did excite me ! I was also told about Monday night’s Panorama which I watched a bit later courtesy of the BBC iplayer and sure enough, it only reinforced what I knew was going on with Credit Card compensation claims. You can have your balance cleared off your credit cards, it is not a question of how but merely a question of when. Tremendous stuff ! What we are doing with this business is quite amazing and is a huge opportunity. I left, sufficiently educated and fired up. I know this is a great business to be in during the Credit Crunch and beyond. Debt is big business.

Wednesday morning was busy. I was inundated with phone calls, all Property related and all problems. I really am beginning to hate everything to do with Property.

One of my new customers called me, she was very open and honest and had a number of reservations about what my new company were able to do. This was an interesting challenge for me. She asked me why we were not FSA regulated, she was also concerned about giving out bank details etc… They were all legitimate questions and I answered them as best I could though I had to get back to her on the FSA question. It worked though and she wanted to see me before I returned home, back to England, tomorrow morning.

So I had four clients lined up. 3pm, 4pm, 5.30 and later. Around 60 miles between them all. It was going to be tight !

The journey out to my first client was slow, we got stuck behind a tractor and we arrived about 20 minutes late. Not a good start. On top of that I had earlier realised that I had informed the lady that one of the 2 products she was claiming was refundable, when in fact, I was mistaken and it was not. I explained my mistake and she was happy for me to proceed with the paperwork. She was a lovely lady and I was pleased to be helping her (and myself). Unfortunately when we left, I realised we had been in there for an hour and a half and should have been with the next client nearly an hour ago. Lesson 1 is give yourself at least one hour with each client and 30 minutes in between.

I called up my second client, apologised and got over there as quick as we could. She too was very pleasant and I processed her paperwork much quicker but failed to check my paperwork and realised I was one form short. I am now going to have to email it to her and get her to sign and return. Lesson number 2 - always double check your paperwork before visiting a client.

Now I had another problem as client number 3 wanted to see me in the presence of her husband and now he was out. I had arranged to visit her anyway, complete her paperwork and leave his. Just as we arrived at her house, I found a message on my phone, she wanted to re-arrange for another time. Lesson number 3 - be prompt, professional and give the customer what they want.

I figured that she was uncomfortable and unsure and felt a little rushed. That was fair enough so I arranged to come back to her at a later date.

My final customer was 60 miles away, back towards home and Debbie dropped me off in the rain, near their house. They made me very welcome and set out to dissect me, the company and the processes. I could see they were not ready at this stage to sign anything so I went through the paperwork and answered all their questions. I left them plenty of information so they could do their due diligence on the company and what I was doing. I think I did a pretty good job, built rapport and left them the paperwork. I believe she will get back to me and I’ll process their claims. The lesson here is don’t expect everyone to sign up there and then, some people need a lot of persuading, others do a lot of due dillgence.

My Dad picked me up at 10pm while I ate my chips. It had been a long day.

I do feel a little disappointed, out of the eight leads, I have only converted two but I shouldn’t be too despondant, after all when I look at what I’ve just achieved….

- Debbie, a new Representative that I’ve introduced and help train.

- Commision of £365 next month.

- Bonus commision of £1000 next year.

- A Christmas bonus of £500 next year.

- Potential further shares.

- Valuable experience and further knowledge and confidence.

On top of all that I have now been given the go ahead to proceed with eight more mortgages and three credit cards from another client as well as being invited to have a consultation with two more clients. I shouldn’t be too unhappy !

Now the question is .. how do I earn £4k a month?

I have decided to become an Agent for a company who focus on claiming compensation against banks.

This is a company who offer products which in effect ‘write off’ debt. Imagine having £7k wiped off a credit card or a lump sum for a mortgage that you redeemed 2 years ago. I was at their Sales Conference in the Summer and was impressed with their CEO, I liked the business model, the branding and the timing of coming to market. The credit-crunch is hitting hard, energy prices rising, inflation and even unemployment raising their ugly heads. Debt is everywhere and this company can provide solutions.

I believe it is wise to join forces and create partnerships. I am working with a good friend in this new business. Rob is a very interesting chap and motivated as he is in a similiar position to myself. He has been working with the company for  about two months now and is doing some great business. He has made about £3k last month and a huge bonus commision. I believe if I remain focused and determined I can create this income for myself and my family.