(Signing affidavits of confession of judgment when asking for a loan would take you out of your life savings and all your possessions...)Then they will call the loan (Cash advancements)

Government officials enable the whole scheme. A few are even getting rich doing it.


Janelle and Doug Duncan
“Somebody just comes in and rips everything out. It’s cannibalized our whole life”

The lenders’ weapon of choice is an arcane legal document called a confession of judgment. Before borrowers get a loan, they have to sign a statement giving up their right to defend themselves if the lender takes them to court. It’s like an arbitration agreement, except the borrower always loses. Armed with a confession, a lender can, without proof, accuse borrowers of not paying and legally seize their assets before they know what’s happened. Not surprisingly, some lenders have abused this power. In dozens of interviews and court pleadings, borrowers describe lenders who’ve forged documents, lied about how much they were owed, or fabricated defaults out of thin air.

“Somebody just comes in and rips everything out,” Doug said one evening in August, pulling up a stool at a Starbucks and recounting the events that killed the Duncans’ business. After a long day spent selling houses for another company, the name tag pinned to his shirt had flipped upside down like a distress signal. “It’s cannibalized our whole life.”

Confessions of judgment have been part of English common law since the Middle Ages, intended as a way to enforce debts without the fuss and expense of trial. Concerns about their potential abuse are almost as old. In Charles Dickens’s 1837 novel The Pickwick Papers, a landlady who’s tricked into signing one ends up in debtors’ prison. Some U.S. states outlawed confessions in the middle of the 20th century, and federal regulators banned them for consumer loans in 1985. But New York still allows them for business loans.

E-mail me when people leave their comments –

You need to be a member of Ashtar Command - Spiritual Community to add comments!

Join Ashtar Command - Spiritual Community

Copyright Policy: Always Include 30-50% of the source material and a link to the original article. You may not post, modify, distribute, or reproduce in any way any copyrighted material, trademarks, or other proprietary information belonging to others without obtaining the prior written consent of the owner of such proprietary rights. If you believe that someone's work has been copied and posted on Ashtar Command in a way that constitutes copyright infringement, please Contact Us and include the links to these pages and relevant info. 

Latest Activity

UniversalVortices left a comment on Comment Wall
"Wordy words have weaved infinite fables upon the minds of Common Folk. With many names over many ages a Cult of Usury has laid hidden weaving itself amongst the Common Folk. Goblin is the name I have chosen to show you the Cult of Usury as One,…"
1 minute ago
RailRestro updated their profile
27 minutes ago
Roaring Lovely replied to Krishna Kalki's discussion Human Clones Grown To Give People Spare Parts…Any Comments
"What these dreamers forget is that the brain too ages, and this is the main driver of aging. But you cannot transplant the brains without transferring the consciousness, unless the latter is due to 'the soul', and then we are back to square one. Why…"
1 hour ago
RichRaelian liked rev.joshua skirvin's blog post The Pleiadians: Step Forward Posted on 02/08/2023 by EraOfLight —
1 hour ago
RichRaelian liked rev.joshua skirvin's blog post Alien Beings May Actually Live Among Humans, Some Scientists And Officials Claim..
1 hour ago
RichRaelian replied to Krishna Kalki's discussion Human Clones Grown To Give People Spare Parts…Any Comments
"Hi! Your on the right track when you connect human cloning with immortality and since you've asked this question.I will answer it by recommending that people who read my reply should watch the movie,"The Island,"That revolves around the very same…"
1 hour ago
RichRaelian liked Krishna Kalki's discussion Human Clones Grown To Give People Spare Parts…Any Comments
1 hour ago
Roaring Lovely left a comment on Comment Wall
"The explanation that the earth is supported by giant elephants, who in turn stands on a huge tortoise, and that earthquakes are caused when the elephants shake, makes more sense than saying that the earthquake is caused by weather modifications!😆"
1 hour ago
More…