CREDITWRENCH vs. debt buyers

Another dumb slam by the enormis Dingleberry. He says that I claim the following.

CREDITWRENCH CEO Bill Bauer has advised debtors:

"Only an original creditor has standing to sue in court. A person or company having bought the debt has placed himself in harm's way and has no standing to bring suit."

Once again CREDITWRENCH CEO Bill Bauer has made a grevious error on a matter of law, to this poor debtors detriment.

The fact is, an assignment of rights on a contract binds the obligated party to the new assign, and the assign has legal standing to bring suit to force the obligated party to perform to the terms of the contract.

CREDITWRENCH stating that a debt buyer has no standing to bring suit on a debt is false and misleading.

More bad advice on RICO

The Enormis Dingleberry has been using invented people to make his outrageous defamations against Creditwrench. He claims that some debt collector was told something he invented but no such conversations ever took place nor was any such advice given to anyone. Look at this enormis lie below.

Advice by CREDITWRENCH CEO Bill Bauer to a debtor being pursued by a law firm was:

"charge all your bill collectors and creditors with violation of the Rico Act."

Since he admittedly doesn't know much about RICO to begin with, why would he advise someone being pursued by a law firm to file civil RICO charges against them?

Simple collection procedures by a law firm hardly qualify as racketeering, and someone following his advice could find themselves being guilty of filing a frivilous lawsuit.

Credit card debt

Most people wanting to know about state statutes on such things as Statute of Limitations want to get a quick idea of what the law in their state might be. They don't want to have to go to a law library just to get a quick answer to a simple question. I always refer such questions to The Law dog website which usually has pretty accurate information on such matters. If there is anyplace to get false and misleading information it would be art of credit or creditnet or even creditboards and maybe carreon. Yes, I would most definitely refer dumb debt collectors to such places as art of credit or creditnet. Normie has proven by his blog brayings that he is totally bereft of any morals or credibility whatever.

In a conversation with a debt collector, CREDITWRENCH CEO Bill Bauer stated:

"I seriously doubt that any state's SOL on a credit card debt is 7 years".

And, what does he list as his reference source for such a false and misleading statement? Creditnet and artofcredit!

In reality, there are numerous states who's SOL on credit cards extends beyond 7 years. The source for such information is best obtained from the individual states statutes themselves, not an online discussion board.

It seems that someone who lists his occupation as "Credit Repair" would familiarize himself with how to look up state statutes.