ShareThisWASHINGTON - Federal authorities have issued a sweeping order for some of the nation's largest debt collecting companies to open their books.
In its first investigation of the $60-billion consumer debt resale market, the Federal Trade Commission has directed the nine companies that buy the most second-hand debt to turn over essentially all purchase and sales records for a six-month period in 2009.
That's just one part of a sweeping request included in a 15-page demand for information issued by the FTC in late December and obtained by the Scripps Howard News Service this week. Sent to the country's nine largest purchasers of unpaid credit card bills, hospital fees and other debts, the request is formally known as an "Order to File a Special Report."
The FTC's examination focuses on a segment of the debt collection industry that has mushroomed in the last decade and is drawing criticism for some of its practices. A Scripps Howard News Service investigation beginning in November documented serious problems spawned by this market.
The Scripps articles showed that when old credit card and other debts are sold, the new owners frequently do not receive documentation of the original debt. That, in turn, can lead collectors to use bad information to try to collect unsubstantiated debt, sue consumers without proof and damage their credit scores.
No federal law requires collectors to verify the alleged debt owed by a consumer or to transfer the proof of the debt to the new debt purchaser, the Scripps report found.
Following the Scripps reports, the FTC announced last week it has started its first-probe of the debt resale market. Agency officials say they want to pinpoint where, how, and when there is an information breakdown about these old debts.
The FTC's order -- which received a unanimous thumbs-up from the FTC's four commissioners -- seeks all transaction information for debts that were bought and sold during the specified period last year.
"The FTC is making it clear that they're out there to help consumers protect their rights," said Gerri Detweiler, co-author of "Debt Collection Answers" who has written four other books on credit and debt. But even as federal authorities take a more aggressive stance, consumers who feel they have been mistreated should stand up for themselves, Detweiler said.
"It still is important for consumers to speak up," Detweiler said. "Let the regulators know what's really going on."
The information requests to the firms aren't voluntary. The FTC's order carries weight similar to a subpoena, said Tom Pahl, assistant director of the FTC's division of financial practices.
But it's unclear how the nine companies will respond to the information orders. Each company either did not respond to interview requests or declined to comment, with one exception: Niles, Il-based Arrow Financial Services. Arrow is owned by Sallie Mae, the student loan giant based in Reston, Va.
"Arrow is cooperating fully with the FTC's study of the consumer debt resale market," company spokeswoman Martha Holler said.
The FTC -- which oversees debt collectors -- is asking for an array of records, including contracts between debt buyers and sellers, policies on providing information and detailed statistical calculations. The debt collectors have until February 25 to turn in their records, explanations and statistics.
To Detweiler, the debt expert, the rule change that would most help consumers would be a requirement for collectors to verify and itemize a debt. "The one thing I hear from consumers is 'I don't understand why they think I owe this much'," Detweiler said. "When consumers pay these debts, they should at least understand what they're paying and how soon they'll be able to retire the debt."
According to the FTC, the nine companies are:
-- Arrow Financial Services LLC, based in Niles, Ill. and part of Sallie Mae
-- Asta Funding, Inc., based in Englewood Cliffs, N.J.
-- B-Line, LLC, based in Seattle, Wash.
-- eCast Settlement Corp., affiliated with New York-based JP Morgan
-- Encore Capital Group Inc., based in San Diego, Calif.
-- NCO Portfolio Management, Inc., based in Horsham, Pa.
-- Portfolio Recovery Associates, L.L.C., based in Norfolk, Va.
-- Sherman Financial Group LLC, based in New York, N.Y.
-- Unifund Corp., based in Cincinnati, Ohio
(E-mail reporter Isaac Wolf at wolfi(at)shns.com)
(Distributed by Scripps Howard News Service, http://www.scrippsnews.com)
NO PROOF OF OWNERSHIP JUST LIES BY ALLEDGED BUYERS
John E. Jacobs
8307 West D Ave.
Kalamazoo, MI 49009-8820
E-mail johnejacobs@chartermi.net
Phone No. 269-342-9590
http://www.debtorsupportministry.net/
Thursday, November 12, 2009
I am now 77 with TWO LUCKY NUMBERS 7 & 7;
MAYBE I WILL NO LONGER BE AN ENSLAVED DEBTOR
TO THE SCUM OF THE EARTH, ASSET ACCEPTANCE.
President Barack Obama Minority Leader of the Senate
U. S. of America Senator Mitch McConnell
Senator Christopher Dodd Assistant Minority Leader of the Senate
Chairman of Banking Committee Senator Jon Kyl
Senator Carl Levin Senator John McCain
Chairman of Credit Card Committee Senator Orin Hatch
President of the Senate Senator Richard Shelby
Joseph R. Biden, Jr.
U.S. Vice President Senator Bob Corker
President Pro Tempore of the Senate House Republican Leader
Senator Robert C. Byrd John Boehner
Majority Leader of the Senate U S Secretary of Defense
Senator Harry Reid Robert Gates
Assistant Majority Leader of the Senate Securities and Exchange Commission
Senator Richard Durbin Chairman Mary L. Schapiro
Senator Paul Kirk “Interim Senator from MASS”
“Senator Edward M Kennedy, NOW HAS AN INTERIM REPLACEMENT”
Speaker of the House State of Michigan
Nancy Pelosi Governor Jennifer Granholm
Office of the Majority Leader State of Michigan
Steny Hoyer Attorney General Mike Cox
House Financial Services Committee State of Michigan
Chairman Barney Frank Katharyn A. Barron, Division Chief
Consumer Protection Division
Federal Reserve Chairman Michigan Dept. of Attorney General
Ben Bernanke
American Legion Disabled American Veterans
National Commander David K. Rehbein National Commander Roberto Barrera
CNN Michigan Supreme Court
Lou Dobbs Justice Elizabeth Weaver
Budd Hibbs, Consumer Justice
http://budhibbs.com/collectorpages/asset_acceptance_corp.htm
SEE SCHEDULE ATTACHED No. 1
SUBJECT: MASSIVE ABUSE OF ALLEGED SALE OF CREDIT CARDS BY
THE ISSUER WITH NO LEGAL NOTIFICATION BY
THE SELLER TO THE DEBTOR
Gentlemen/Madam:
All of you have been blessed by Almighty God and given the power of your office to help MASSIVE MILLIONS of his people with “ALLEGED SALE OF CREDIT CARD DEBT”.
I followed the three days on TV of Senator Edward M. Kennedy’s life and his 47 year career in the Senate.
IMHO, I make the following suggestion for all of you to seriously think about.
This new law is placed as an Honor and a Memorial to Senator Edward M. Kennedy’s
47 Years of Service to and for all of GOD’S PEOPLE.
This new law would help
MEGA MILLIONS of GOD’S PEOPLE.
Our Men and Women in the Military,
The Poor and the Elderly
And million upon millions who have
Lost their jobs, 14 to 15 MILLION,
and maybe MEGA MILLIONS
more still to lose their jobs.
Senator Dodd, where do I find SUBJECT A in your S.414 Bill at http://thomas.loc.gov.
If it is in the above Bill, would you please have your staff Email me John E. Jacobs.
If it is not in the law now, I know that you and Senator Levin want it in the law.
Senator Levin, I received a great email on May 26, 2009 from you thanking me.
MY 350 PAGE REPORT
In January 2008 I took 5 sets of my 350 page report to Senator Carl Levin’s
Grand Rapids Office, and they shipped them on to his main office in the Capital.
The following received a copy: Senator Christopher Dodd, Senator Carl Levin,
Senator Barack Obama, Senator Hillary Clinton, Senator John McCain. I had one last
set for Mitt Romney. However, I could not find a good address to mail it to. Therefore, I came up with the idea to give it to Michigan’s A/G Mike Cox at the Safe Sound and Secure Conference on May 15, 2008. I had it put into his hand personally, and I talked very briefly with him. I then went to Katharyn A. Brown, who was also at the Conference, and she said it would be on her desk within 7 to 9 days. To all who do not have my 350 page report, maybe one of the above mentioned parties in Washington D.C. will share it with you.
It would cost me a fortune to get this printed for the 29 above parties. However, I will put an summary from my 350 page report below. Now you will see all the MAJOR SUMMARY TITLES BELOW, and you can request a copy of the subject you are interested in from one of the five who received it.
MY 350 PAGE REPORT, ITEMS YOU WISH TO SEE AND CAN OBTAIN FROM THE FIVE WHO HAVE THE 350 PAGE REPORT.
MAJOR SUMMARY TITLE No. PAGES SEE ATTACHED SCHEDULE
Thursday, January 24, 2008 3 No. 2
Friday, January 25, 2008 1 No. 3
Thursday, January 24, 2008 12 No. 4
Master Summary of Enclosed Documents 2 No. 5
Master Summary of Enclosed Documents 1 No. 6
Master Summary of Enclosed Documents 1 No. 7
President Barack Obama
President Obama, You received my 350 page report when you were a senator. Would you please ask both senators to put thru a new law with only the SUBJECT A. The slaughter of our Military, the Poor, the Elderly and Millions who have lost their jobs, and face massive abuse from the so called collection industry.
We “DEBTORS” really don’t know who owns the credit card; and we could just be throwing money away wastefully, and the account will never be paid in full by paying the wrong party. This is why we need a law so the DEBTOR really knows who owns the credit card, and who we should be making payments to.
Mr. President, if you were to ask the FBI to investigate if the MAFIA is involved with DEBT COLLECTORS, like Asset Acceptance Corp, you would know within a week, all IMHO. Mr. President, you may also wish to ask Securities and Exchange Commission Chairman Mary L. Schapiro to investigate if the MAFIA is involved
with DEBT COLLECTORS, like Asset Acceptance Corp.
CHASE BANK
The Law Office of Paul J. Coleman is now the sixth alleged owner of this credit card. I have never paid anyone on this credit card. It is now almost 12 years. I will be filing Chapter 7 by myself in the first quarter of 2010. SEE SCHEDULE ATTACHED No. 8
SUBJECT A
FROM THE SELLING INSTITUTIONS IN THE STATE OF MICHIGAN AND
ALL OTHERS LICENSED TO DO BUSINESS IN THE STATE OF MICHIGAN
That Comerica Bank sold Account Number 5407-7821-2830-3170 RE: John E. Jacobs to Asset Acceptance Corp, a Corporation existing under the laws of the State of Nevada and doing business at P.O. Box 2036, Warren, MI 48090.
(1) That the amount due from John E. Jacobs at the time of sale was ________________
(2) That they sold this said account with “A NON RECOURSE CLAUSE” back to Comerica Bank.
(3) That the date of sale was on _____________
(4) That the cash consideration for said sale was __________
This would protect the debtor from the massive abuse that I underwent in this case with all the lies and FRAUDULENT DOCUMENTS perpetrated by scum like Asset Acceptance Corp. and FRAUDULENT LIES by Comerica Bank. IMHO this could be done in about a small 12 page law.
Ms. Jennifer Granholm, I know and understand they used your name in this press release to help themselves. Also President Obama, they are using “government stimulus money” to slaughter the above groups, our Military and etc.
THE FOLLOWING WAS COPIED FROM THEIR PRESS RELEASE.
Asset Acceptance Signs Job Creation Agreement With Michigan Economic Growth Authority
Ticker Symbol: U:AACC $2.7 Million in State Tax Credits to Support Job Creation; Company to Invest $8.1 Million on Growth Strategy
WARREN, Mich., June 18 /PRNewswire-FirstCall/ --Asset Acceptance, LLC, a subsidiary of Asset Acceptance Capital Corp. , today announced that it has formally executed an agreement with the Michigan Economic Growth Authority (MEGA) to provide tax credits to the Company to support job creation at its Warren facility. Asset Acceptance is a leading purchaser and collector of charged-off consumer debt.
The Michigan Economic Development Corporation (MEDC) announced the approved tax credits for Asset Acceptance and other companies in a May 19 news release: (Granholm Announces Companies Investing Over $103 Million, Creating and Retaining More Than 4,200 Jobs in Michigan).
IMHO, I guess CNBC NEWS AND NBC NEWS had their stories
correct as to what is happening in Banks and Credit Card Companies.
CNBC NEWS
This story was on CNBC Power Lunch on Tuesday, March 16, 2004, between 12 p.m. and 2 p.m., a story about how five companies manipulate the public. “ASSET ACCEPTANCE CORP.” was on that list. They went on to also say that these companies leave a lot to be desired about their style, and that they pay nothing really for the credit card balances.
NBC NEWS
Special Documentary on Friday, January 31, 2003 about Credit Card Files “BEING STOLEN OUT OF CREDIT CARD DEPARTMENTS FROM”---- ““BANKS”” ----and “CREDIT CARD COMPANIES”, and stated that the “MOB” is involved in this “IDENTITY THEFT ACROSS THIS GREAT NATION”.
State of Michigan
Governor Jennifer Granholm
Governor Granholm, your letter dated January 30, 2004 inspired me so much that I have tried to follow it. SEE SCHEDULE ATTACHED No. 9
I am now at the last road in my life. I will file Chapter 7 by myself in the first quarter of 2010. A/G Mike Cox has done an outstanding job on many of my problems. However, when it comes to ASSET ACCEPTANCE CORP, IMHO it has hit a road block.
State of Michigan
A/G Mike Cox
A/G Cox, I put the 350 page document into your hands personally on May 15, 2008 at the Safe, Sound and Secure Conference. I also sent you the following emails and letters.
Monday, December 1st, 2008
Monday, May 5, 2008
Monday, February 23, 2009
Email 4/14/2009 http://budhibbs.com:80/collectorpages/asset_acceptance_corp.htm
And some others; I’m sure you have seen them.
A/G Cox, I hear thru the news media you are planning to run for the position of Governor for the State of Michigan. If you do something about the alleged sale of CREDIT CARDS in our state, you will be a shoe in to win the Governor’s race.
My life is now in your hands. I sincerely hope and pray that you will do what is right for me and for MILLIONS of GOD’S people in the State of Michigan. We have maybe the largest unemployment in the U.S of America at 15.2%. Asset Acceptance Corp. will SLAUGHTER them all with “MASSIVE PROFITS” in their treasury.
What about the “UNJUST ENRICHMENT LAW” in the State of Michigan. If Asset Acceptance Corp. was to win against me, they would make a Gross Profit of 80,000% on their 100.00 cost Investment or $79,900.00 CASH PROFIT IN DOLLARS.
SEE SCHEDULE ATTACHED No. 10
They will never make their Intent to Lien on this home a success, not in my lifetime. I’m now 77. I will not let the SCUM OF THE EARTH, ASSET ACCEPTANCE, steal my wife’s home, based on a notice of Intent to Lien which took 264 days to serve me. Had I known that the SCUM had done this, I would have filed in 2005. SEE SCHEDULE ATTACHED No. 11
A/G Cox, you did another outstanding job for me against Portfolio Recovery Associates. They closed their file against me and sent me a 1099 which I put on our 2007 joint 1040. SEE SCHEDULE ATTACHED No. 12 No. 13
A/G Cox, you did another outstanding job for me against Fourscore Resource Capital. They closed their file against me. SEE SCHEDULE ATTACHED No. 14
A/G Cox, my letter to you dated Monday, May 5, 2008 still stands. I will put ads in many papers; my friends will help me pay for them. You will have massive response from the public. SEE SCHEDULE ATTACHED No. 15
State of Michigan
Katharyn A. Barron, Division Chief
Consumer Protection Division
Ms. Barron, I received your letter dated July 31, 2009. I know that you are a very busy person. I guess that is why it took you 1 year and 1 month to write me this letter with all of the attachments. SEE SCHEDULE ATTACHED No. 16
These attachments are very sad. I will explain why in great detail.
SCHEDULE OF LETTERS SENT TO OFFICE OF PRESIDENT AT COMERICA BANK
SEE SCHEDULE ATTACHED No. 17
First of all, please read my letter dated Thursday, January 23rd, 2003 to Ms. Shirley Glenn, Office of the President. This is what this bank said to me. Please read it very slowly and what is in Par. 2. Mr. Frank Peraino told her to tell me that my credit card had been sold to MBNA America Bank. SEE SCHEDULE ATTACHED No. 18
Now read my filing with the 9th Judicial Circuit Court, Monday, January 27th, 2003. requesting a DEMAND LETTER AGAINST COMERICA BANK. I attached to my Court Filing a letter dated Monday, January 27,th, 2003 to Mr. Ralph Babb, President of Comerica Bank, a DEMAND LETTER. SEE SCHEDULE ATTACHED No. 19 No. 20
Now read my filing with the 9th Judicial Circuit Court, Monday, February 3rd, 2003.
I attached a copy of my letter dated Sunday, February 2nd, 2003 to Mr. Frank Peraino, Legal Department. Ms. Barron you will enjoy this letter. SEE SCHEDULE ATTACHED No. 21 No. 22
Now please read my letter dated Monday, February 10, 2003 to Mr. Ralph Babb, President of Comerica Bank, asking him to CONFIRM they had sold my account to MBNA America Bank. SEE SCHEDULE ATTACHED No. 23
Now read all the stories he sent to your office. First, Mr. Frank Peraino signed the letter December 21, 2006, Vice President and Senior Counsel. Another letter dated May 13, 2004, Vice President and Corporate Counsel. Another letter dated May 9, 2003, Vice President and Counsel.
Now, again please read my letter to the President of Comerica Bank, Mr. Ralph Babb, dated Monday, February 10th, 2003. This is the TRUTH. You can now read and enjoy what and who are storytellers. SEE SCHEDULE ATTACHED No. 23
My signed sworn affidavit to the Court. SEE SCHEDULE ATTACHED No. 24
IMHO, you can now reopen your case and file that you closed because you had many stories from Mr. Frank Peraino. Whose stories leave a lot of the untold real story?
Ms. Barron, you will enjoy this letter. SEE SCHEDULE ATTACHED No. 10
Ms. Barron, you are a very fine person; and I have enjoyed you for many years at the Safe Sound and Secure Seminar.
It is my hope that all 29 parties in this letter will read the attached. It will shock every reader. You will very clearly see why we need this new law. SEE SCHEDULE ATTACHED No. 25 Line 10, MBNA America Bank, N. A. ALSO SEE No. 25A MBNA
In your letter you suggested I look for an attorney. I do not have “money to pay for
an attorney.” But the truth really is, IMHO God wanted me to fight the battle and
see how his people are being slaughtered. I have learned first hand how bad it is.
I was a receiver for three Wayne County Circuit Court Judges and one in Pascagoula, Miss. So I know a lot about being HONEST IN A COURT OF LAW, and not a liar with a FRAUDULENT bill of sale doc.
In all the attachments to your letter dated July 31, 2009, Comerica Bank does not talk about the FRAUDULENT bill of sale dated 11-17-98 that they gave to Asset Acceptance Corp. Asset Acceptance Corp. put this doc in a Court of Law against me and won a judgment against me for about $47,000.00. SEE SCHEDULE ATTACHED No. 26
Now, please look at what Comerica Bank said to Ms. Melanie Near, State of Michigan, Office of Financial and Insurance Services, Lansing, MI. on June 23, 2003. They said before a Notary that they sold my Account to Asset Acceptance Corp. on March 25, 1999. SEE SCHEDULE ATTACHED No. 27 Ms. Barron, now what do you think of this document.
Now, please look at what Asset Acceptance Corp. said to Ms. Near on June 23, 2003.
They said before a Notary that they PURCHASED MY ACCOUNT ON MARCH 25, 1999. SEE SCHEDULE ATTACHED No. 28
HOWEVER, I WAS FOUND GUILITY BASED ON THE FRAUDULANT DOCUMENT DATED 11-17-1998. SEE SCHEDULE ATTACHED No. 26
TO SUM IT ALL UP, YOU AND THE ATTORNEY GENERAL MIKE COX HAVE THE POWER TO VACATE THIS FRAUDULANT JUDGMENT AGAINST ME.
I now have a Bankruptcy attorney and will file first quarter next year, or sooner if Asset Acceptance Corp. bothers me at all. I have been fighting this alleged sale of credit cards for over 12 years. We are thankful that God has seen us thru this time with a roof over our heads and three meals a day.
Federal Reserve Chairman
Ben Bernanke
Chairman Bernanke, there needs IMHO to be a very short law, maybe 12 pages, dealing with the sale of credit cards by the OWNER to the DEBTOR telling the DEBTOR to make all payments to the new owner. If the new owner sells it, they must also tell the debtor. I wrote you a letter dated November 12, 2006. SEE SCHEDULE ATTACHED No. 29 I may have sent you copies of other letters, so
you may have a fair sized file on me.
Securities and Exchange Commission
Chairman Mary L. Schapiro
Chairman Schapiro, welcome to your new position and a massive cleaning up of “MAJOR” problems. I hate to say it, but I am a major problem LOL. I really hope that you can find all the documents I have sent to former Chairman Christopher Cox over the years. I hope they have not been shredded or lost.
1. IMHO, I think the information hereafter is to the best of my knowledge. Did they do a private or public placement of shares at $14.00 and maybe sold it at around 34.00 when they became a Nevada Corp. in 2002. Could some of the buyers be Mafia related people in Nevada. If they did, they made a very sweet deal of 20.00 per share profit. This year the stock hit a low of about 3.19.
2. Is ASSET ACCEPTANCE CORP. carrying me as a SECURED accounts receivable at around 75 to 80,000. If they are, they are overstating their assets and their profits to the shareholders and to the securities market. They may think this because they have a notice of Intent to Lien filed on our JOINT PROPERTY. They will never ever get this home. I will file Chapter 7 Federal Bankruptcy by myself without my wife. It will be around the end of the first quarter 2010. However, if they have friends in the SEC and they find out, I will be in Chapter 7 in “NANO SECONDS”.
3. I’m sure that you and your staff can find many more things that you should look into.
SCHEDULE ATTACHED No. 30 No. 31
I just saw you on CNBC Tuesday, October 27, 2009 at about 9:20 am.
I hope and pray that God will lead you to help and protect his people. When you work on the subject matter I have been talking about, you are helping IMHO MEGA MILLIONS of God’s people. The very best to you, please don’t take it wrong because I asked the President to ask you to investigate whether the Mafia is involved with Asset Acceptance Corp.
U S Secretary of Defense
Robert Gates
American Legion
National Commander David K. Rehbein
Disabled American Veterans
National Commander Roberto Barrera
Our God has placed in the hands of Robert Gates the lives of our military while in the service and also David K. Rehbein and Roberto Barrera when they come out of the military.
Do any of you three know how many of our military in or out of the military are being slaughtered by the DEBT COLLECTORS and or Asset Acceptance Corp. as I have been? If you know this, please share it with all the parties in this letter. If however, you have no knowledge of this, please, please seek and find out this information as to just how bad our military are being treated by debt collectors and Asset Acceptance Corp.
Just to say one last thing, please do not get angry with me, but I was shocked beyond belief that Walter Reed Hospital, our greatest hospital in our military, was in such a massive mess.
Michigan Supreme Court
Justice Elizabeth Weaver
Justice Elizabeth Weaver, I want to sincerely thank you for inviting me into the Michigan Supreme Court several years ago. SEE SCHEDULE ATTACHED No. 32 No. 33 No. 34 No. 35 No. 36
I read your résumé; it is outstanding IMHO.
http://www.courts.michigan.gov/supremecourt/AboutCourt/biography.htm#weaver
No. 35 In my letter dated Wednesday, March 1st, 2006, the court never tried to explain its decision. The data I submitted was plain and simple, two fraudulent documents. However, which one is the true and correct document, and which is a fraudulent document. SEE SCHEDULE ATTACHED No. 26 No. 27 No. 28
No. 34 “DENIED, because the Court is not persuaded that it should grant the requested relief.”
Who really made the above decision; the judges by vote or was it just the staff for the judges that made this decision.
What did I do wrong? I gave the court the two bills of sale; and IMHO, I was found guilty on a very obvious and fraudulent bill of sale No. 26
No. 27 No. 28 Speak to the true date of sale, not a fraudulent date of sale in No. 26
On the ceiling of your Court it says “IN GOD WE TRUST”. IMHO, this Court could still reconsider your decision and free me as an enslaved debtor.
On Monday, April 5th, 2004 I wrote a Brief to the 9th Circuit Court; and it was addressed to 268 Michigan Judicial Association Judges, and to 7 Michigan Supreme Court Justices, In Honor of Past 91st Justice of the Michigan Supreme Court, The Honorable Blair Moody Jr.
In the 1960s, I had the honor and privilege of serving as an active receiver for the
Wayne County Circuit Court. These justices were: Judge Blair Moody Jr.,
Judge Ben Burdick, and Judge Thomas Foley.
I also acted as Trustee for an “Assignment for the benefit of creditors in Jackson County in Pascagoula, Mississippi.”
A very prominent and powerful lawyer in the Detroit area agreed with me, but he was too loaded or busy with cases and could not take in on.
IMHO, the court can still make right a wrong if they so believe and see it.
IMHO, this whole process in my life for 12 years or more has been in God’s hands; and he wanted me to go thru the whole terrible process, and then tell the world so that his people would finally get a new law and new justice again, all IMHO.
CNN
Lou Dobbs
Mr. Dobbs, sometime in January 2007 you had Senator Carl Levin on your show. He said that we should look up his web site and find which of his many offices in the State of Michigan is the closest to us, and we should send all our mail to that office for him. They would then forward it to him at his main office in the Capital. I looked it up and called that office, and talked to his chief of staff at his Grand Rapids office. I told him I was working on a project, and I would call when finished and bring it to his office. When I had it completed, I called and then took it to him. He asked me to come into his office and talk. Guess what we talked for about an hour. He was a great guy and cared about the subject that I brought before him, which was the military.
Mr. Dobbs, you did a BRILLIANT job about the war in Iraq keeping us well informed every night about the number of our military killed and wounded on an accumulation basis. So IMHO, I know that you love our military with all your heart.
The subject matter in this letter affects the military who lose their lives, and the collection agency and the debt buyers will still pursue the family for collection that the deceased owed.
The wounded will be harassed also because the collection agencies don’t care if they have a job or not, or are so badly wounded that they cannot hold down a job.
Those who are blessed and come home in good shape; they may not get their former jobs back because there is no job. Therefore, they are jobless among mega millions looking for work in a jobless economy. However, the debt buyers and the collection agencies do not care. They will harass them for payments on their bills.
They buy the debt for maybe 50.00 or 100.00 and try to get all the debt they owed paid to them. It is the most silent and ferocious crime in America today and nobody talks about it at all.
I am asking you to please pray and think about the mega millions of people that this affects across this great nation. I sent you an email on your web site. I hope it worked its way up the chain of command to your desk.
I hope you will take up this subject as a major cause and fight for a very simple law that the seller of credit cards will tell the debtor who it has been sold to.
Budd Hibbs, Consumer Justice
Budd Hibbs, I hope this project for JUSTICE could possibly get on your web site.
The following are very sad stories I have found over the years, and I wish to share them with all of you.
No. 1 Boston Globe “Debtors Hell”
I have gone within the last week to all these web sites, and they are still active. Starting with the black typing on this page, these are all of my own opinions. SEE SCHEDULE ATTACHED No. 37
No. 2 DebtConnection.com Talks about AACC which is Asset Acceptance Corp., which shows it does business in almost all 50 states. So IMHO this affects all 535 Members of CONGRESS. SEE SCHEDULE ATTACHED No. 38
No. 3 The Unpayable Debt This is a very, very sad story, all IMHO.
SEE SCHEDULE ATTACHED No. 39
No. 4 The Washington Post Saving Soldiers’ Jobs 2 Pages
Robert Gates, David K. Rehbein, Roberto Barrera
This is a must read for all three of you and also all 535 Members of CONGRESS. SEE SCHEDULE ATTACHED No. 40
The following are major stories in my life so that each of you receiving this letter, including all 535 members of congress, realizes that I am not a DEAD BEAT.
I am only asking for a very small law that will require the selling company of a credit card to another company tell the debtor that it has been sold to company X; and if company X sells it to another company Y, and on and on. By no means am I stopping the capitalistic system. I am just adding full disclosure to the system.
Please go to my web site http://www.debtorsupportministry.net/
Religious Service to our God and his Church-- Please go to the above web site.
God’s Economic Blessings-- Please go to the above web site.
LSSM—Lutheran Social Services of Michigan-- Please go to the above web site.
Lutheran Unity Movement Survey-- Please go to the above web site.
Lutheran Unity Tribute-- Please go to the above web site. The top part is my writing.
However, scroll down to " Without Condition of Structural Design".
A Perspective on the ALC Quest for Lutheran Unity and a Tribute to John E. Jacobs
By A. Joseph Everson
Position Paper-- http://www.debtorsupportministry.net/position_paper.html
This is a survey on Lutheran Unity that I did in 1979 and is now in ELCA Archives.
John E. Jacobs, Survey of 1980
American Lutheran Church Convention
Delegates, “Here I Stand
Survey on Lutheran Unity,”
1979, .6 cu.ft.
http://www.elca.org/ELCA/Search.aspx?q=John+E+Jacobs
Found 139 results for John E. Jacobs
It is my hope that you have taken the time and effort to read how mega millions of God’s people are being slaughtered by debt collectors and the scum of the earth, Asset Acceptance Corp.
Sincerely,
John E. Jacobs
An enslaved debtor, to the scum of the earth, Asset Acceptance Corp., only until the end of the first quarter 2010 or sooner.
Summary
I have taken IMHO the best from my 350 page report.
Schedule of attached documents 84 Taken from 350 page report.
Schedule of attached Documents Cover Sheet 2
Cover Memorandum 1
November 12, 2009 Letter 11
Grand Total Pages 98
NO PROVE OF OWNER SHIP JUST LIES
SCHEDULE OF ATTACHED DOCUMENTS
No. of
Pages
1. BudHibbs.com RE: Asset Acceptance Corp. 3
2. 350 Page Report RE: Thursday, January 24, 2008 3
3. 350 Page Report RE: Friday, January 25, 2008 1
4. 350 Page Report RE: Thursday, January 24, 2008 12
5. 350 Page Report RE: Master Summary of Enclosed Documents 2
6. 350 Page Report RE: Master Summary of Enclosed Documents 1
7. 350 Page Report RE: Master Summary of Enclosed Documents 1
8. Chase Bank RE: Law Office of Paul J. Coleman 3
9. Governor Jennifer Granholm RE: Her letter to me January 30, 2004 1
10. UNJUST ENRICHMENT RE: Asset Acceptance Corp. 4
11. Asset Acceptance RE: Took 264 Days to serve Intent to
Lien against me JEJ 1
12. Portfolio Recovery RE: Letter October 11, 2007 3
13. Portfolio Recovery RE: Victory Letter from A/G Cox 2
14. Fourscore Resource RE: Victory Letter from A/G Cox 2
15. May 5, 2006 Letter RE: Letter to A/G Cox 1
16. July 31, 2009 Letter RE: Letter from Katharyn A. Barron 2
17. Comerica Bank RE: Schedule of Letters to Comerica Bank 1
18. Comerica Bank RE: Letter January 23, 2003 to Ms. Glenn 5
19. Comerica Bank RE: Court Filing January 27. 2003
DEMAND LETTER, MR. RALPH BABB, PRES. 1
20. Comerica Bank RE: DEMAND LETTER, MR. RALPH BABB, PRES. 2
21. Comerica Bank RE: Court Filing February 3. 2003 Demand letter
Attached to this filing 2
22. Comerica Bank RE: DEMAND LETTER Feb 2, 2003 to Frank Peraino 2
23. Comerica Bank RE: DEMAND LETTER TO TELL THE TRUTH TO
MR. RALPH BABB, PRES. dated Feb 10, 2003 1
24. Comerica Bank RE: My Filing with the 9th Judicial District on Wed., Feb 5th, 2003, the first two lines say it all. 2
I hereby certify and affirm to this Honorable Court that I am telling this Honorable Court the whole truth and nothing but the truth in this my affidavit so help me God.
25. Colonial National Bank RE: Massive alleged ownership of credit card. 2
25A. MBNA Letter May 9, 2003 RE: Nothing in my file, they closed file 1
26. Comerica Bank RE: Fraudulent bill of sale dated 11-17-98 1
27. Comerica Bank RE: Notarized bill of sale dated March 25, 1999 1
28. Asset Acceptance RE: Notarized bill of sale dated March 25, 1999 1
29. Chairman Bernanke RE: Letter dated 11-12-2006 4
30. SEC Mr. Cox RE: Letter dated 10-20-2005 1
31. SEC Mr. Cox RE: Letter dated 11-20-2006 3
32. Mich. Supreme Ct. RE: Letter dated 8-26-2004 1
33. Mich. Supreme Ct. RE: Letter dated 10-27-2004 1
34. Mich. Supreme Ct. RE: Order dated 6-28-2005 1
35. 7 Mich. Supreme Ct. RE: Letter dated 3-1-2006 To 7 Justices 2
36. Mich. Supreme Ct. RE: Request for reconsideration 2
37. Boston Globe RE: Debtors Hell 1
38. AACC RE: Asset Acceptance Corp. Maybe in 50 States 1
39. Unpayable Debt RE: A Very Sad Story 1
40. Washington Post RE: Saving Soldiers Jobs 2
GRAND TOTAL PAGES 84
NO PROOF OF OWNERSHIP JUST LIES BY ALLEDGED BUYERS
COVER MEMORANDUM
I guess I am guilty of sending a letter to all of you with your names on pages one and two.
I stand guilty!!! I am following Martin Luther who nailed his 95 Thesis on the front door of his Church and stated “Here I Stand”.
What has happened to me since I lost my job on Jan 4,1994, soon to be 16 years, is also happening to Mega Millions of God’s People in every state all across America, believe it or not.
First and foremost, do you care about the following?
Our men and women, who are still serving in our Military today.
Our men and women, who have given their lives for our freedom.
Our men and women, who have been severely injured for our freedom.
The Poor and the Elderly.
The Mega Millions who have lost their jobs.
The Mega Millions who still may lose their jobs.
All of the above will be VICTIMS of the scum of the earth, debt collectors and Asset Acceptance, who operates in almost every state.
This COVER MEMORANDUM will appear on the top of many folder envelopes or on the inside of the envelope on top of the letter itself.
One last thought-- Will the United States, who IMHO is a MASSIVE debtor country, repay and deal with our debts when they can’t pay even the interest on them, or maybe cannot get any country to buy their debt instruments in 5 to 10 years. Will we go the way of the ROMAN EMPIRE??
Great letter from DAV Disabled American Veterans
You wont let me post it.