Federal Credit Reporting Laws
Federal Credit Reporting Laws Limit the Options of Average American Workers and Instead Tie us Firmly Into a Lifetime of Financial Slavery With no Way Out.
Federal credit reporting laws are getting to the point of ridiculousness given the poor state of the US economy.
Credit itself is worthless and our livelihoods are based on these impersonal numbers that exist in far away secret computer databases.
The concept was created by the banking mafia to gauge what kind of person you are.
This is what we are being reduced to, nothing more than a number in a database that decides if you are eligible to purchase a home, car or fancy television.
The always fluctuating interest rates are nothing more than a creation of the banking elite lenders to take full advantage of specific periods of time.
Measuring you on your credit score has become something of a serious nature because no matter what the reasons are for your score being low, they are never gone into with any great detail.
Of course there are some people that are irresponsible and take advantage of the system and should not be in a position to borrow money from anyone.
The astronomical prices for goods caused by unnecessary inflation due to the banking elite are what has created the need to have credit in the first place.
The barrage of credit card companies that want to get you wrapped up into the ease of buying with credit are reaping the benefits of cornering you into this endeavor.
Giving people who have good credit unbelievable amounts of credit is a way to set it up so you will never be able to get out from under the debt you are creating.
Federal credit reporting laws make it so no matter what you do your credit score will be used as a measuring tool to decipher what kind of person you are and how beneficial you are to the banking elite.
The reality is the kind of person you are has nothing to do with this number that has been created to measure you.
The banking elite use the credit ranking tool to keep us enslaved to debt. If we have a good score they offer us more debt, if we have a bad score they restrict our freedom.
In the end, the two end up the same; completely under the thumb of debt enslavement.
Federal Credit Reporting Laws: Constant Debt
The more debt you have the easier you are to manipulate when you are in need of credit.
If a credit card company gives you a $20k limit and you max this out you will have difficulty applying for more credit anywhere else.
This creates a vicious circle that leaves you in the middle of a difficult situation that will have you paying nothing but interest if you can’t make more than a minimum payment.
Bad for you, but nothing but profits for the bankers.
Federal Credit Reporting Laws: High Interest
The lower the credit score you have the higher the interest rate you are going to pay.
This means that for whatever reason your credit score is what it is, you will not qualify for a good interest rate on the money you are borrowing.
This sets it up so someone who has not recorded a good credit score can be taken advantage of by the credit card companies or lending corporations.
Bailout Plans Show Hypocrisy
We are giving companies trillions of dollars in the bailout bills that were signed in 2008 and 2009.
These companies are recording billion dollar losses and the federal government sees fit to give them whatever they need to turn things around.
Taking advantage of people who are not financially well off has been paying dividends to these multinational banks.
You are unable to get a few thousand dollars without putting up your house, car, or some type of collateral and the government is giving trillions to the auto industry and the already wealthy Wall Street businesses.
It’s clear where the elite bankers stand. They profit from owning the big businesses that take the money from the government and they profit from taking money from the little people. Will they ever stop?