• Report: #429792

Complaint Review: ROBERT K LOCK JR , COLLEEN TOMASINO LOCK, CCDN ,SUED IN MANAY VENUES

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  • Submitted: Mon, March 02, 2009
  • Updated: Mon, July 27, 2009

  • Reported By:SADDLE RIVER New Jersey
ROBERT K LOCK JR , COLLEEN TOMASINO LOCK, CCDN ,SUED IN MANAY VENUES
7144 NORTH HARLEM AVE UPS OFFICE, CHICAGO, ILL CHICAGO, Illinois U.S.A.

ROBERT K LOCK JR , COLLEEN TOMASINO LOCK, CCDN ,SUED IN MANAY VENUES CCDN , ROBERT K LOCK JR, AND DEBT SCAMMERS SUED IN NORTH CAROLINA, SOUTH CAROLINA, ILLINOIS AND CHICAGO Illinois

*Consumer Comment: Article Above

*Consumer Suggestion: Avoid CCDN - Credit Collections Defense League - www.legaldebtcure.com

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PLEASE FIND A PARTIAL LIST OF THE LEGAL ACTIONS AGAINST CCDN

:

1) NORTHERN DISTRICT COURT OF ILLINOIS EASTERN DIVISION CASE # 08CV6165 GREENE VS ROBERT LOCK JR ESQ, CAF, CCDN, PHILLIP MANGER ESQ,OTHERS



2) US DISTRICT COURT ,DISTRICT OF SOUTH CAROLINA (ROCK HILL)

CASE # 0:08-CV-02274JFA

CAPITAL ONE BANK VS CCDN, FDRS AND OTHERS

3)

MANY CASES IN THE COURTS OF NORTH CAROLINA

FOR EXAMPLE:



BLADEN COUNTY SUPERIOR COURT CASE # 09-CVS-000019

S.SOUTHWOOD VS THE CREDIT CARD SOLUTION, CCDN LLC, R K LOCK & ASSOCIATES, COLLEEN LOCK, PHILLIP MANGER, ESQ, ROBERT K LOCK JR ESQ

ROBERT M LINDSEY





PLEASE BE ADVISED ON PUBLIC RECORD ROBERT K LOCK JR AND WIFE COLLEEN LOCK (TOMASINO) HAVE BEEN SUED BY VARIOUS CREDIT CARD COMPANIES AS PER THE RECORDS OF THE COOK COUNTY COURT OF ILLINOIS



FOR EXAMPLE:

MONOGRAM CREDIT

MBNA

OTHERS



PLEASE REVIEW THE RECORDS THAT LOCK HAS NOT PERFORMED FOR HIMSELF AND HIS WIFE THAT WELL

YOU BE THE JUDGE



THERE WILL BE MANY , MANY MORE TO COME AS DISGUSTED AND FINANCIALLY RUINED CLIENTS OF THE CCDN GET TO KNOW HOW THEY HAVE SCAMMED



Credit defense league

SADDLE RIVER, New Jersey




Credit defense league
SADDLE RIVER, New Jersey
U.S.A.

This report was posted on Ripoff Report on 03/02/2009 07:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/ROBERT-K-LOCK-JR-COLLEEN-TOMASINO-LOCK-CCDN-SUED-IN-MANAY-VENUES/CHICAGO-Illinois/ROBERT-K-LOCK-JR-COLLEEN-TOMASINO-LOCK-CCDN-SUED-IN-MANAY-VENUES-CCDN-ROBERT-K-LOCK-429792. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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#1 Consumer Comment

Article Above

AUTHOR: Anonymous - (USA)

Was this story published somewhere...or did U write it?
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#2 Consumer Suggestion

Avoid CCDN - Credit Collections Defense League - www.legaldebtcure.com

AUTHOR: Mark J. - (U.S.A.)

Avoid this company like the Swine Flu

The "Credit Card Debt Termination, Elimination,Invalidation, FDCPA" Scam


"Legally terminate credit card debt! You can be debt-free in 12-18 months!" Advertisements like this are for a new type of program that has spread via the Internet over the past few years. It's called "Credit Card Debt Termination," and victims are paying up to $3,500 and MORE for this bogus service. In this article, I'll review the principles behind this program and explain exactly why it's a scam to be avoided.

First, let's get our definitions straight. The scheme I'm describing here should not be confused with Debt Consolidation or Debt Settlement (also known as Debt Negotiation), both of which are legitimate and ethical methods for debt resolution. The easiest way to distinguish the Credit Card Debt Termination scam from other valid programs is based on the central claim that you really don't owe any money!

With Debt Consolidation, you pay back all of your debt balances. With Debt Settlement, you pay back a lower amount (usually around 50%) while the creditor agrees to forgive the remaining balance. However, with the bogus Credit Card Debt Termination program, promoters claim that you won't need to pay anything at all (except their outrageous fees, naturally). They make the surprising claim that you can legally wipe away your debts simply by using their super-duper magic documents. Based on some legal mumbo-jumbo, the claim is made that you really didn't borrow any money from your creditors!

In order to understand this scam, a little background is necessary. Remember the tax protest movement back in the 1970s? People were claiming that the IRS tax collection system was unconstitutional, and based on their misinterpretation of the tax code, they refused to pay taxes. The IRS came down hard on the tax protest movement, and through the court system, they blew holes in all the legal arguments put forth by the protesters. The Credit Card Debt Termination scam is a lot like the tax protest movement. In fact, among collection professionals, it's called the "monetary protest movement."

Just like the tax protest movement, there is a common theme that runs through all of the promotional materials issued by the monetary protestors. The basic idea is that our Federal Reserve monetary system and generally accepted accounting principles (GAAP) do not permit banks to loan out their own money. Therefore, according to their interpretation, the credit card banks are the ones running the scam on the American public.

Stay with me here, because the logic is pretty strange. If a bank cannot lend its own money, how does a credit card bank extend credit? The claim here is that your credit card agreement itself becomes a form of money (known as a promissory note) the moment you sign it. The idea is that the bank "deposits" your agreement as an asset on their books, and then any credit you use is offset as a liability against that asset. In other words, the core concept here is that you literally borrowed your own money from the credit card bank.

So let's say your balance with ABC Credit Card Bank is $10,000, which you borrowed against the card to make everyday purchases. The scam promoters say all you need to do is notify the bank that you want your original "deposit" back. However, you will permit the bank to offset the amount you borrowed against the amount you have on "deposit." Presto! You don't owe the balance anymore!

Now, as you can imagine, the banks don't take kindly to such tactics. Many of the consumers using this technique are getting sued by their creditors. But the scammers have more tricks available, as if the "smoke and mirrors" financial nonsense wasn't enough. One of their techniques is the use of bogus "arbitration" forums. Arbitration is of course a legitimate system that allows businesses and individuals to resolve disputes without going to court. What do the scammers do? They coach people on how to set up a fake arbitration forum, for the express purpose of making a dispute against their creditors! Naturally, the creditors will not send representatives to some non-existent arbitration forum, so the consumer gets to rubber-stamp their own arbitration award. If they get sued in a regular court, they present their bogus award to the judge in the hopes that the creditor's lawsuit will be dismissed.

There are other techniques used by promoters of this scheme, but the key point to remember is the central claim that your credit card debt does not really exist. Of course, it's all nonsense based on a misinterpretation of our monetary system, and if you step back and think about for a minute, the truth seems pretty obvious. What these scammers are saying is that the entire $700 billion credit card industry is operating on an illegal basis! Even if the legal theory used by the promoters were true (which it isn't), do you think for a moment the government would allow this giant industry to go under? That's exactly what would happen if the promoter's claims were proven true and used on a widespread basis.

The Federal Trade Commission, which has jurisdiction here, hasn't stomped on these con artists yet, but it's only a matter of time. Unfortunately, in the meanwhile, consumers are being bilked out of millions of dollars for a worthless program that will only get them into deep trouble with their creditors. If you are approached by someone offering to wipe away your debts using this system, I strongly recommend you run in the other direction while you hold on tightly to your wallet or purse.

Remember, you can eliminate your debts if you take a disciplined approach to your finances, make a budget and stick to it, and don't use your credit cards unless you can pay off new balances in full each month.

Good luck in your financial future!
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