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Welcome to True Crime, Authors, and Extraordinary People, the podcast where we bring two passions together. The show that gives new meaning to the old adage,
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truth is stranger than fiction.
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And reminding you that there is an extraordinary person in all of us. Here is your host, David McClam. What's going on everybody and welcome to another episode of True Crime, Authors, and Extraordinary People. Of course, I'm your man, David McClam. If you haven't already, make sure you follow us on all of our social media. One link to a link tree would get you every place you need to go pertaining to the show. And as always, I'd like to remind you, if you know someone or if you are someone that's thinking about hurting yourself or others, please leave this episode and dial 988. It is a suicide prevention hotline. They will get you the help that you need. And in case no one has told you this today, let me be the first to tell you. I do care and I do need you to be here. Nothing is worth your life. And also remember, if you want to help support the show, Crowdweave gives you a fun way to support the show and also get something back from us, whether it's getting to pick the next episode, shout out from me, whatever it is, make sure you check out Crowdweave. The link will be in the show notes for that. All right, guys, if you're looking... at the calendar. It is now time again for another extraordinary person. The guy that I'm about to introduce you to actually fits my bill kind of in all three of the shows, so it's kind of hard to put him where he is, but you will find out that he is truly extraordinary. Let me introduce to you who our guest is for this episode. He is a retired American living in the Philippines, teaching farmers how to build dome structures with bamboo. vertical gardening, and to open free self-managed healthcare clinics. He was born and raised in California, has a double major in abnormal psychology and accounting. He wrote a book on health and healing in 2004. He signed an infomercial contract. For six months, he was booked on radio shows as a test and used his three credit cards to survive. There was another author who got into trouble with the FTC and the infomercial company, so the New Talents contracts were canceled. and he was stuck with $85,000 of credit card debt. He sued his three banks in the federal court by himself. So did he win? Well, his cases were dismissed by the judge. Now, did he lose? Well, the alleged debt was removed from his credit report, and there was no 1099 sent to the IRS. He believes people are suffering under $1.3 trillion of bank-issued alleged credit card debt, which is not a debt. and can be eliminated within 45 days. He is an author, teacher, entrepreneur. He is the author of the Forgive and Forget How to Nuke Your Credit Card Debt. And he is my extraordinary person. Please welcome Tommy Kilpatrick. Tommy, welcome to the show.
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Well, thank you. What an introduction. Thank you so much.
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Well, I know it's long, but I think it's very important for my audience to know exactly where you come from so that they know you're credible for what we are about to talk about. So the first question I ask everyone that comes on the show, is there anything else that we don't know about Tommy Kilpatrick that we should that was not in your intro?
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About 12 years ago, the wife of 28 years said, get out and take the dog with you. So I left Southern California with a dog and a backpack. And I ended up in Sedona and I gave a year to this Christian family that took me in. And they actually had a bakery. in their home, so I became a baker. And then after a year, traveled along to the east coast and ended up in eventually Maine on a farm. And I was there for about 10 years. And then shift happens and make sure you pronounce the F. And I found myself on the outside, and I was never expecting that. I thought I was going to die on a farm and just bury me in the back. So I decided to do some good for people, and I was headed towards Argentina, actually. to buy a farm there with no money. Yeah, that's fine. There's creative ways of doing it. And I do a detox for people who have been suffering in that. I'm trying to think, OxyContin. The Sackler family had targeted that particular area of Maine, and they had devastated for the last 25 years, just ruined people's lives by giving painkiller that was supposed to be end of life painkiller to children. Then they got addicted and 20 years of addiction. It's just has ravaged the cat, that whole County. So my idea was to detoxify him there and get a part, get a conditional pardon. and ship them off to my farm in Argentina and then clean them up. They already will be clean, but have to change their life. I can detoxify their body. That takes about 30 days. Detoxify their mind takes about three months. But to detoxify their life, they're just going to go right back into the cycle and the circle of devastation. So this would be a way out for them to be on a farm in God's mother nature, learn how to be a real man, how to build his own house, do his own thing. and then find a new life, a new name, and a new wife. So we can come back later with letters of recommendation, and a judge will change that conditional pardon to a full pardon because of what they've done in there. And within two years, they will actually get a passport. They'll be a citizen of the Argentinian government there. So then I thought, someone told me about the Filipinas and how wonderful they are as a white. So I decided to come to the Philippines. And. I might hear, what I say when I came here was, So I came here looking for a wife. And I've learned the language in 30 days. And I've written a book on how to do that. It's right now in the, my assistant is putting her artwork to it. And we should have that book in about 30 days, how to speak, read, write, and hear a new language in 30 days. And this one's in particular, it'll be Hiligaynon. The next one will be Basaya. The next one will be Tagalog. And then I'll do about 50 of the popular languages all around the world. So it's a revolutionary new idea of how to learn a language. So that's what your audience doesn't know about me. But I am a doubting Thomas. So I want you to doubt whatever I have to say. I don't want you to believe anything I have to say. I've sent you some links. So in your show notes, the audience can verify this. And I really encourage you to send this podcast to your CPA. Someone who has some education and knowledge in accounting, because my argument is sound accounting principles. This is not some crazy, weird, out-of-the-box thinking. This is just basically accounting. This is my argument. So that's what your audience doesn't know about me, and I encourage you to doubt me, too.
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Well, first, let me say, before we jump into what we're here for, which is about what you just talked about, thank you for doing what you did for those young men. I work with a partner of mine, LaDonna Humphrey. She is a sober living coach. So I'm very well versed into the addiction community. And a lot of people don't care about the addicted. They wash them off. They think that they're not a good cause anymore. There's a lost cause. So a lot of people wouldn't have done what you did. And I know people tell you this, but I want you to hear it from someone you don't know. Is this true? You took these young men out there and you completely changed their lives. And because of you, We're not going to find them in the ditch or under a bridge somewhere. So I want to say thank you for helping the addicted there.
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Yeah, I went to an addiction meeting and about three-fourths of the way through, all but 12 people looked at me and I said, are you a drug addict? I said, no. What are you here for? I want to hear your story. And then they had talked about how many people had died. And me being an accountant, I have a way of numbers. They got to 15. And those are just people who recently died. So this is really, it rips my heart out, but I do have a method. I used to have five medical clinics in Southern California and we would detoxify people. We had an agreement with the military. I was invited to their, the Marines there on Camp Pendleton had their very first time they admitted that PTSD existed. And I was there with my chairs They gave you a massage. I had a foot bath ionizer. And the chaplains came up to me and said, we're the ones who deal with the suicide. We're the ones who are dealing with these guys undergoing PTSD. And I said, come to my clinic. So they got in a bus, drove them to our clinic there in Riverside, and they got off and they spent four hours with us. And the military found that we were the most effective way of dealing with their PTSD. But it didn't get a contract because at the time there was a representative that you had day. buy off. I didn't know this, but you actually had to pay Cunningham a bribe to get the contract. But what do I know? So even though I was the most affected I've ever had, I didn't get a contract, nothing moved forward. But I used physical and emotional techniques to relieve them of their drug addiction. And I've stopped drug addiction within minutes. I know it sounds crazy, but I changed the brain chemistry through essential oils. The fastest way to a memory is through the brain through the nose. So I have them smell an essential oil, flip that emotion to the opposite, say a phrase, and within minutes they have no desire. But it'll come back. Well, of course, what do you expect? So then that's what we do. We keep repeating it and detoxify the body by sweating and by many different techniques. And the relaxation, the visualization really helps. So we want them completely clean off of everything. Alcohol, of course, and tobacco, everything. They'll be completely clean eating food that they'll be growing. So for every first day they come in, we hand them seeds. And we say, this seed represents you. Hard on the outside. Maybe soft on the inside. I don't know. But you're going to plant this and you're going to eat this food in seven days. Every day they plant, they plant, they plant. Every day after that, on the seventh day when the sprouting is ready to harvest, they'll be eating the food they planted. So it's planting a new idea, a new seed into them that they could grow and become a phoenix. And that's why I encourage them to change their name. Start thinking of a name that really describes you, not the one given to you, but the one you want to carry for the rest of your life. For a while, you don't have to keep it. You can change your name again. So you can go in transition. But that name is the most important thing. That's what God gave Adam and Eve the power, the very first power to have, the name. And so once you're named, if you're drained a drug addict, which I don't say, you just happen to use and maybe abuse. But we don't do that. I don't use those terms. So you are a human being ready to be healed. So let's move forward.
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Yeah, absolutely. Once again, thank you for that, man. I mean, it touches my heart that you do this kind of work. So thank you. Now to the audience, what we're here to talk about today, after all that fascinating stuff you just heard about Tommy, is your finances. When Tommy pitched to come on the show, I just want you guys to know, not only did I read every word that he wrote to me, because he was telling me pretty much that your credit cards is pretty much true crime and about how the banks go about getting money from you and all that. I did also follow the links in which he did show me. I also can tell you that there are CPAs that has backed him up and that has left comments on his book. So I want you guys to know he has been vetted. So sit down, get a notepad, spit if you have credit cards. Tommy thinks he has a way to help you out. So we're about to find that out. First question for you, Tommy, is this. Why do you believe that people are underneath $1.3 trillion of bank alleged credit debt?
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That's what the figures say. And I don't know if it's just American debt. or if it's worldwide debt, I'm not quite sure. But what I'm saying affects anybody and everybody around the world. And so when you say you have a debt, you have a debt and you owe it, you pay it. There's no argument. Now we'll watch the TV news and we see a bank robbery in place and they'll say alleged bank robber. Even though they know the guy's name, he dropped his wallet. They open it up, they show you his ID. You know his name is, but we always have to use the word alleged. So we're assumed innocent until proven guilty. So all I want you to do is add one word to what you say when you have a debt is alleged. So the question is, can you nuke your alleged credit card debt? And that's true. You can. So you can by adding that one word alleged that forces the bank to come forward and prove that they have a debt. And that's my primary. My main argument is make the bank prove that there's a debt.
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Okay, so what if someone comes back and says, or the bank even comes back and says, well, it's a proven debt because when they took the credit card out, they had terms and conditions and they agreed to those terms and conditions. But you're telling me that that doesn't necessarily lock them into that. Can you explain that for us?
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Yes. Well, kind of what happened to me personally is I was left with that $85,000 of credit card debt, and it put me in a tailspin for about a month. And then I came out of it and I was thinking about my dad being a CPA and me in school to be a CPA. And I realized that the bank never had an invoice because that's what accounting principles are all about is a debt. A debt has to be some kind of written down document and that's called an invoice. The invoice is going to show the date, the product, the taxes, the shipping, the terms and conditions, all that kind of stuff is on there. So when I... I came across this guy who was promoting going to federal court. He said it was so easy. The judges are so nice to you. They really will help you out. And that was what he was doing. It was in Texas. So I thought, OK, I'll just file a lawsuit. And I laid out in my pleading the exact story of what I believe happened. And that's where the judge took a look at this and basically threw the case out, because that's where he was saying that you have used the card, didn't you? And I said, Well, it's not really a trend. He never allowed me to start from the beginning. So in my book, I have a scenario of a courtroom that actually happened to me and happened to many of my CPA expert witnesses. So I run that story through. So the bank, that's what the bank's going to say is you use the card. So you agree to the terms and conditions. Now, my father-in-law at the time was a judge and attorney. And we had long conversations about how fraud undoes all contracts. So you can't unknowingly, you can't enter into an agreement with a criminal and then have the criminal go to court and say, your honor, he agreed to pay me. you know, 100% on this loan and he's not paying me. The court is not there to ferment and to support crime. So in the Supreme Court has ruled over and over again that fraud undoes all contracts. So I have no contract. And the other part of it is that then you say that there's a loan, but the bank never had me sign a promissory note. So a true credit cards are out there. I'm not trying to pull some scam. or you're out of all your debt. No, no, we're very specific. So what you want to do is know that there's a true credit card like this example. Let's say you need tires for your car. You go into a tire store and you say, I really don't have a thousand dollars. I might have to think about it, but I'm on treads. I'm just very dangerous. So what am I going to do? And they say, oh, why don't you apply for the in-store credit card? And if you're approved, we'll move forward. So you try it out. You get approved. Great. They put the tires on your car. They balanced it, did everything, and you drive away without paying. With an agreement, you're going to pay later. And you might have a refund check coming, or you might have a bonus coming, or your paycheck is coming. So that's when you can pay it. A statement comes in the mail, which is true, and you see the bill, and you owe the money. And that's because they have an outstanding unpaid invoice. Now, how can you tell if... Let me try to think here of Walmart or if Amazon or some store, is that a true merchant credit card? All you need to do is look at the back. Look at the back of your credit card. And if it says they're issued by Bank of America, Citibank, Wells Fargo, or Deutsche Bank, or some bank of anywhere you are in the world, then that's a phony one. That's one where you can challenge this. So you owe the money. on a true credit card, you don't owe the money on a phone-y one.
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Okay, so let me ask you this one, because I know a lot of my audience is going to want to know, because they use these services. Where do services like Afterpay and Zip fall into this?
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And also people had mentioned, I'm trying to think of like Diners Club or like American Express, and these are banks. When you look into it, if there's a bank behind it, it's true. Now, the thing is that you sign a promissory note. If you didn't sign a promissory note, there's no loan. So you just got to think about it. Did I go into that merchant? Did they have their own goods and services? Did they give them to me and I didn't pay for them? If that's the case, then you have an invoice, you owe the money. Now, if you go for these other kinds of loans that don't ask you for a promissory note, there's no promise to pay them back. And so that has to be done by a bank. So what they're doing is a scam, and that's the crime we can talk about.
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Let's go to the next question. You can fill in with that. Yeah, because I'm interested to know how that is scamming, because a lot of people, when I talk to this, you know, I've heard of some of this before. And then I had a friend of mine that said, yeah, this is exactly what's going on. It's kind of a scam because I have a friend that's a CPA because I will never pay my credit cards. Here's what I'm going to do. They're going to do this. It's going to be written off. And then I'm like, you can do that. So how do you begin or how do you totally nuke your alleged credit card debt then?
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Right. So when you enter into a bank without money, you expect to leave the bank with money. Now, of course, you're not going to go in with a gun, but you're going to go in for a loan. So let me ask you a question, David. If you apply for a loan and you're turned down, do you still get the loan?
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No. No.
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So if you're approved of it. then what you do is you go into the bank and you fill out loan documents. You have to provide proof that you actually have an income because how are you going to pay this back? The bank could be accused of predatory practices. So they have to show the judge, look, we vetted this person. We knew that they had an income. We didn't just scam people. We're not stealing people's money. They actually have a true income and they agreed to pay us back. Then you also have to have collateral. You're going to use your house, your car, or something. If you have a personal loan, you have to give up something that the bank can take away. and they can sell it to make their money back. So you have taken money from the bank. You've got to have some kind of collateral. You have to have a credit report to show some history, and your credit score determines your interest rate. But the last thing you sign is a promissory note, and that's the critical thing. You have to promise first to pay the bank. They have to have that in a written document so they can go to court and say, look, Judge, this person promised to pay us back. and they didn't. And that's their foundation of getting their money back from a loan that then went south. So what happens is that when you sign a promissory note, you're agreed to pay them. And that is what the Federal Reserve requires. So I want this to go to a CPA. I want this to go to somebody who took an accounting class. Because in accounting class, we read a book called Modern Money Mechanics. And that's the second link I sent to you. Anyone can go on Type it up, and the first place will be Wikipedia. We'll look at that. It will be the first site. You can just download the document, look on page six, and it says right there, it makes a joke that you think the bank is loaning you money. It starts off saying, ridiculous. We don't loan money because there's no money to loan out. What we do is we accept a promissory note first, and then we write numbers into your free checking account. So that's basically what they do. You sign a promissory note first, and then they write numbers into the account. Now, obviously, when they issue these loans and people can use the money out of their free checking account, it then puts more paper money into the economy and didn't take paper money out. And that caused inflation. So all you got to do is look up inflation since 1776, and you'll see it flat, straight flat, even with the Federal Reserve. Act happened in 1913. It took the Federal Reserve about 20 years to consolidate their power. And I believe that they caused the Depression to force out banks because that's the end result. All you do is look at what happened afterwards. And what happened afterwards? Lots of banks failed. And so the Federal Reserve had control and now they can implement their fractional banking. And that's where they play the game of having you sign a promissory note. and they write numbers into their checking account, and they're the ones that cause the inflation to be straight up crazy. And that's what happened during COVID. When they passed all that money out, inflation went crazy again. So that's the crime that they're committing. Just partly, we'll get into the other part too, but that's what they do is they accept your loan application. They fill out all your documents. They accept your collateral and your proof of income, and they check you out on your credit score. and then you sign a promissory note, and then the loan commences. So that's how partly the bank is scamming you.
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So what is the difference then between having the bank loan you just described and a bank-issued credit card? Is there a difference between those two?
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Absolutely. Because in the loan, you signed a promissory note. In the alleged bank-issued credit card, there was no loan. There was no promissory note. So... What happens is how you can nuke your bank-issued alleged credit card is to send the bank a letter to close your free checking account that's associated with that card. That's all you got to do is send a letter.
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Okay, so just to clarify for the audience, you just briefly explained how the checking account works. And I know one of the questions I had, too, here that I thought of before I read the questions that you had said, too, as well is. If that is the case, then if you take them to court or whatever, you got a statement that shows how much you owe. Wouldn't that stand up in the court of law to the judge and say, well, you got the statement that says you owe it, then you got to pay it.
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Right. And that's, again, you have your CPA, your expert witness, that's going to explain to the judge that a statement is not a bill. I had a job first time and I had the controller come to me and say, if you pay from a statement, you'll be fired. We only pay from invoices. We don't look at statements. We might've missed something, so look at it. But we do not pay from statements because maybe the bill crossed. We don't know. They're claiming it's this much, but we know they shorted us. And so my inventory person rewrote the amount that's due. And so you don't write out a check from that statement. So think about this. You have a checking account, a normal checking account. you receive a monthly statement, now by email that used to come in the mail. Now, is that a bill?
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No.
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No, no, that's not a bill. It shows what you started with, your deposits, your charges, your checks, your debit card usage, and then other fees can be taken out, all kinds of stuff. And you have an ending balance. So it's the same exact thing. What banks do is they advertise to get you as a customer. Okay. And they have an advertising budget. So they have money to spend to get you to be a customer. Years ago, they would give you a toaster or a wall clock. to get you into the bank. And one time the bank had an ad that said, come into our bank, deposit $25, and in 90 days, we'll match it. And that's what I did. I took my $25. They happily took my $25. And in 91 days, I went into the bank, withdrew $50, and closed the account. I got a question for you, David. Did I rip off the bank?
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So some of them would say, yeah.
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Some would say, yes. The bank said, if you come into our bank and deposit $25 and keep it there 90 days, which I did, you can draw out the $50. Oh,
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then in that case, no.
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Yeah. I took advantage. Okay. I took advantage of the bank. Oh, are you going to cry about that? So that's what they do is they induce you to come in. They'll even give you money. And that's my whole argument to the judge that's through the, to your CPA expert witness is going to say. that what happened is you received a $500 credit card, but actually it was a gift card. You applied for a card, you were approved, and they gave you the card. There was no loan. There was no purchase. They mailed it to you. So we always say the bank gave me a credit card. Right. But what we call a gift is called a gift card. So even though it's disguised, and that's the true crime. The bank is lying to you, putting credit card on there. So when I went in and a judge called me in to, because he saw the complaint, he knew I knew what was going on. He's there to defend the banks. So he said, oh, Mr. Cabadry, do you have a credit card? Well, no, you can't start there. You got to start back with a gift card. Oh, we'll get to that later. And then did you use the card? Yeah. Did you get a statement? Yeah. And there I went down the hole and he said, you're crazy. Get out of here. But then a month later, I looked at my credit report and those three things were gone. They didn't come after me. They could have sued me. They sue everybody else. They could have gotten $85,000. And simple enough, they could have just written out a 1099-C, which is sent to the IRS to tell them that I made a gain. I got $85,000 cash from the banks and I didn't pay it back. They get to take an $85,000 tax deduction. So everything has got to be equal. So that's what happens. It bounds out. Now, why didn't they send one? In my pleading, I said, if they do, I'm going to file a 3949A, which is an IRS form, about fraudulent filings. So now I've got the bank fraudulently filing, committing a tax evasion and tax fraud. So they didn't want to do that. So that's where the judge threw it out, and I had no place to go. And that's the reason I just figured this out. Because I was going to have a podcast with an attorney. And I was going to go, oh, you know what's going to happen? That's going to happen to you. You take this client into the courtroom with my story. The judge is going to say, Mr. Counselor, do you have a credit card? And what are you going to say? Do you use a card? Yes. Do you get a statement at the end of the month? Yes. Is that a bill? Yeah. But what if you don't pay? I'd be right here in front of you. Exactly. And now I find you. have committed fraud on the court. You have deceived your client. And so that's in my book. So this whole scenario runs through. So that's why the attorneys that I hired to help me would sabotage at the last minute back out because they couldn't face the judge doing that. But that's why you do it yourself. But I actually have a better way because you don't even file. It looks like you file it with the court. You don't have a docket number. but you got all the paperwork. So I have it all figured out how to survive like I did. So the $500 gift card, you receive it. So what'd you do with it? You went to Home Depot and you bought a toilet, let's say, a golden throne. So you're walking out of your toilet and the person at the door said, hey, wait a second, did you pay for that? And you have a receipt. Now, are you going to get...
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A statement from Home Depot with an outstanding unpaid invoice.
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No.
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No, they were paid. They were paid by who? The bank. They were paid that night or the next day. Well, where'd they get the money? They got the money from their advertising budget. The whole point was to get you as a customer. They sent you a statement that only showed the statement of your gift card. But you thought it was a bill. They lied to you. So you. When it was a good person, honest and moral, you wrote a $500 check out and mailed it to the bank. Now, this is something important. When you send money to the bank and you put it in your checking account, your savings account, that's actually technically a loan. You have loaned your money to the bank. The banks are only involved in loans. Either you take money out of the bank by a loan, or you put money into the bank and that's considered a loan. When you spend it, It's the obligation that the bank has to you is less and less and less. So the time you sent that $500 was the first time the bank ever counted your money, put it into that account. And from that point forward, every purchase that you have made has been with your own money. You have paid the bank thinking it was a bill. No, you're just filling up your checking account. But here's the scam. They're charging you interest on that, not up to $500. Who says I got to keep $500 in my checking account? They do. And if you don't, they're going to charge you interest. Then you have late fees, overdraft fees, annual fees, all this on a free checking account. So the bank, you can type it up. I looked it up recently. I said, how much does the bank average make on every cardholder? And the answer is $23.04. So if a bank has a million cardholders, they're bringing in $23 million a month. And I calculated that to be about one-fourth of their whole profits. So their profit is being on this true crime, which I finally realized with your podcast, I'm now saying that now from now on, the true crime is that they are charging people $23.04 for a free checking account. And that's how they make the money. And that's what you can do with your letter, asking them to close your free checking account associated with that alleged bank-issued alleged credit card.
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Now, before we get into what the letter says, I have to ask this one and go back about the credit cards, because I know a lot of my audience have these. They get socked for it all the time. I just use the most popular one, Best Buy. So you go into Best Buy, you want to buy a brand new computer that costs $3,000. They say, hey, we got these great financial options. You can get this Best Buy. credit card and we're going to give you 12 months no interest. Does those type of cards fall underneath the exact same thing being that they are backed up by a bank?
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Just look at the back of that card. If that card there from that electronic store is issued by Bank of America, Citibank, Wells Fargo, that's a phony bank. That's a scheme to get you to be a customer of the bank and they're willing to give you thousands and thousands because they know they're going to make $23.04 every month for the next 20, 30 years. So they're way ahead of the gate.
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That is crazy. I've never, I've never known that. Okay. That brings this question then, because usually the poorly financed or the people with the worst credit is usually the most easiest targets. So why is it still, if they're making this $23 plus change offer of every customer, why is it still hard for people with poor credit scores to obtain credit cards?
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Well, they can charge them higher interest, but here's the best thing for you. I have been off grid for about 10 years. I had no credit score. I had no credit report. It was completely blank because I dropped off the face of the earth. As I said, I thought I was going to die. They're on the farms. Just let me be. I didn't even venture out. About 12 times I left the farm in six years. I recently, about nine months ago, applied for a credit card with Capital One. And you know what? They sent me a $500 credit card with no score and with no credit report.
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Now,
- Speaker #0
can that happen? You can't do that without a credit. I was a previous customer. They still had me in their system. And that's one of the banks I sued in federal court for $35,000. So they gave me a credit card, even though I assumed them. But I must have been on good terms, right? Because how would I have gotten a credit card? They didn't blacklist me or put me on a list that says you can't get a credit card. Is anyone? So now I have it up to 703 because there's ways of raising your credit score. So do I have a credit card? Yes. Do I use the credit card? Absolutely. 10% every month to get my score higher. I like to get in the 800. What are you doing that for? You never know when you might be credit, might be a business opportunity come my way. So I like to have a score of 800. So I do understand it's a scam. It's all things. But my mother, she had a credit card for what? 50, 60 years, never once paid interest, never paid a dime to them. So for her, she had zero costs. But then on the other side, other people pay a lot more. So that's where they work after the poor because they need the money, they need to survive. So they give them a little bit, but it's not a loss. This is from their advertising budget. So as long as they get something out of them, it's just the law of averages. That's the game they're playing is get everybody in as a credit user. And they'll use them, abuse them as best they can.
- Speaker #1
Yeah, because I have started seeing over like the last 10 years or so, back when I was younger, if you had a poor credit rating, it was just, no, you're not getting anything. You can even go and get a decent car. Now, like you said, they've changed that lingo with saying, OK, well, we'll give you this card. But if the person with good credit pays 18 percent, what is going to charge you? Thirty five percent. So they made the extra bit of money. And then the way I look at it is. If that person with bad credit happens to default on that card, they've already made so much money off of them at that point, especially with the higher interest rate. If they only paid it for a couple of months, they pretty much wiped off their loss. Am I right about that? Yeah.
- Speaker #0
And let's say the poor person runs up a $1,000 credit card. It's not a big deal for that. Let's say someone who's got a business that runs it up $100,000. Now, remember, the bank took no loss. They initially set them up. to get the credit card as a as a phony uh gift card okay so that was from their advertising budget once they got them in they can raise their credit uh limit which again gives them money i know but again it's from the advertising budget but then what happens is that um they will be paying that 2304 every month let's say they go south then they get to sue them And so the process is automatic. It's in my book. It's very entertaining that this is, I have seen this for years. I've been in court for years with my clients. I had a charity that I rebranded to help people's credit report. And some of the people had credit card debt. So I would write a letter to the bank. It would be forgotten, given no 1099C because I knew what to say. Now, some of the bigger amounts, the bank did push back. And that's where I would have them represent themselves, which was not a problem. Because now when a judge says, do you get a credit card? No, I never got a credit card. You didn't get a credit card? No, I got a gift card. So, but then I have my CPA explain it to you. So you weren't held that same standard as an attorney. So what happens, you do is the bank then issues a 1099C and that's the biggest fraud. Again, another crime. There was no loan to you. So they got somebody with $85,000 of credit card debt. They send a 1099-C to. And they got someone who's got $1,000. They send them a 1099-C. All this money is tax deductions off their profits. So the banks do not pay their fair share. They're falsely filing these 1099-C, which everybody accepts. I met an attorney in San Diego, and he would sue class action-wise each bank. on a rotational basis. I figured it out. He was doing about every two years, he would hit up one bank. And then three months later, he did the next bank. I read his pleading. And he said, basically, they're saying it's fraudulent. And then he said, and when they negotiated a settlement, he got $85,000 for his legal fees that bank would pay him. So he was getting a check every three months for about $85,000 by the banks. And he would pull these people together. But what would happen to these people is they would get bad credit and they would get a 1099C. So the bank was ahead of the game. They didn't care about paying this. And so I tried to explain it to him that he could work up. He didn't want to hear anything from me. So I had to walk out of his office going, okay, he's got a gig. He doesn't have to worry about the judge saying, do you have a credit card and stuff like that. So maybe he wasn't that stupid. I thought he was all these years. So I can understand it now.
- Speaker #1
Well, while this is a wealth of information, I could probably be with you all night because this is fascinating stuff. But in closing, let's talk about what is in the letter that you send to the bank.
- Speaker #0
So if you have just a little bit. of bank issued. Again, I keep focusing on bank issued, not store issued. And you can tell the difference right on the back of the card. If it's a bank issued, that can mean. But you see, the problem is that if you have a checking account and you go in and close it, they say, oh, here's your money back. And they close the account, right? This checking account, they keep the money. They keep your deposit. Again, another true crime. I can't believe that I'm talking to you about this. This is like one, I'm getting realizations right now, what I'm saying to you. So here's another crime. So when those people came to my charity, they didn't have any money. So how do they pay or how do they make a donation to my charity? I would find them money. So I would look through their card and say, oh, there's a card here with 500 pounds still. And this one over here is 250. That's $700. You want to split it? They'd say, sure. I said, what do you want to give me? What do you want to give the charity? They'd say, 50-50. Okay. They can say, I'll keep 70, give me 30. Okay. It was free money to me. It cost them nothing. So I didn't mind. So any dollar coming into charity was again, an advantage. Then that was what funded the medical clinics and helped the people that were in most need. So it was all working out for the best, all for the best. So that's what I do is I find money that's still in your account. It's your money. It's your checking accounts. You need to withdraw that before. You send the letter. Now, the letter can be very weak, and that's just a close the account. Now, if you want to make it a little stronger, then that's where you have your CPA write a letter that says, first of all, there is no invoice. There is no debt. You cannot issue a credit card because that can only be done by a merchant. Two, there never was a loan. The loan has to have a promissory note. You did not get a promissory note from my client, and that would be very bad. business activity, you're giving loans out and not having people promise to pay them back, what kind of bank are you? And that's what it is. It's a scam. So we also lay out that we know it's a scam, what they're doing to us, then that would be a second level. If you want to bump it up and even more strength, then have that because that's where they're going to argue. You use the card and now you have to agree to the terms and conditions. That's where you have an attorney write a letter. Oh, no, that's going to be $200, $300. No, there's a thing called Legal Shield. And for $29, you can join for one month and quit. You don't have to keep paying every month. Just do it for one month, and you'll immediately talk to an attorney, say, I need this letter to be sent to the bank that basically says, under whatever state law or country law, and the Supreme Court has ruled over and over again, that a fraud undoes all contracts. So in my opinion, then my client has no contractual agreement with UBank except for that you have their free checking account and they wish to close the free checking account. Now, if you want to go a little further, I have the legal documents that I filed in federal court. You don't need to go to federal court and you just need to make it look like a state filed lawsuit. And it's easy enough to find. those examples and I have it too. So it's not a problem. And then what you do is you fill it all out except the docket number because you don't go to court. Okay. It looks like you did. So you have the complaint. Then you have discovery. Normally you file a complaint, the other side answers, then you get around to discovery. It might be a year or two and just drag it all out. No, no, no. You want to send them exactly the... production, a demand for production of documents. You're asking for the invoice. You're also asking for a affidavit of debt. You want someone inside the bank to swear out that you have a debt. Then you're going to have the interrogatories, which means questions. You're going to have admissions, admit this, admit that. And then there's the deposition. And that's what the bank does not want. And that usually is 10 days after they respond. So they already are seeing a date. They get to pick three dates sometime in the future with you anticipated them answering the thing in about 20 days and then give them some days and give them three choices. They like to have that. So you've got three dates for the deposition. They don't want that to happen. And here is the haste of resistance. The cream of the cream is an injunction. If you have someone bothering you. and saying, you owe us money, you owe us money, you can take them to court and then file an injunction. You're asking the judge to stop this behavior. They're claiming I have a debt, I don't have one. So in the injunction, they have to bring to the judge proof and evidence. One, that there's an invoice, outstanding, unpaid invoice. And two, a certified copy of the promissory note. They don't have either one. So if they don't produce that in 30 days, the judge is going to hold them in contempt. They're now in contempt of court. Everything stops until we deal with this. And that's, again, once you send this brick. And I want to kill a gnat with a cannon. So I'm going to send this brick of paper to the registered agent. They're the ones who accept the lawsuits. They'll accept it. No problem. They'll send it to the attorney. The attorney's going to take one look at this and go, this is going to cost us $40,000 just to start. And now we get a deposition called in 10 days. We have an injunction. And all we want is click off the credit report. That's all the bank has to do is one click, it's off the credit report. Now, you probably will sign a nondisclosure because, David, you sent to me in an email that you've heard of me or my argument or maybe something vaguely like it. I have not heard anybody argue my same position. So if you know someone out there doing it, I'd love to talk to them. They must be having people sign nondisclosure because this should be common knowledge because once you file it in court. It's a public document and no one's reading it. No one's figured this out. No one in 50 years has figured out there's no invoice and there's no promissory note. So I don't know. Help me out if you know, if you know of anybody out there, but it's got to be an NDA. That's why people are not popularizing this. And maybe I'm in between until they find me, but I'm here. I'm here in the Philippines. I'm safe. I'm on a tiny island. Everybody knows me. And they did. The elements well known, they don't mess with people on this island. So they know me, they know me very well. So you'll be the foreigner that stands out.
- Speaker #1
Yeah, I do agree. It must be NDA because you're the first person I've ever heard talk about it this way with all of this knowledge behind it. Now, I've heard tidbits of, yes, it really isn't right alone. There is no note, but no one's ever said, well, this is how you get rid of that. And I used to be a debt collector. And that's what they're doing, collecting the debt, right? So then they pass it on to the next collector if they can't get it. And then they start giving, hey, if you can get this guy to pay this bill, we'll give you this percentage. Now, I've never really understood that job until I talked to you here. And I said, oh, this is why they are so gung-ho to get that, because there really isn't no contract. So you really don't owe any money. But no one up until now in my audience up until now did not know. How you go about getting rid of that, what letter you can actually file, or you can do this yourself and get rid of it. So I thank you for that because I'm not trying to help nobody beat, you know, the system or whatever the case is. But I do agree. Banks have been fraudulently taking money from us for a long period of time. Bank of America is probably one of the biggest offenders because they've been sued several times. And Obama was president. He put big injunctions against them because of mortgage companies and interest rates. And it's ridiculous. So we do thank you for shedding light on everything you have today. How can my audience contact you if they would like to?
- Speaker #0
I have a very simple Tommy A. Kilpatrick on my Facebook, so you can find me that way. There's also, I'll send you my email and the show notes, and there's a landing page. And I also offer a free 15-minute consultation. And if you do that, I will send you my $69 book for free. I want you to be able to do this yourself. and share it with other people. So the dollars I get help me with the clinic and helping me with the vertical gardening here and what I do for the bamboo housing. So that all goes for something good. I don't need anything. God provides everything for me.
- Speaker #1
So in closing, is there anything that you'd like to say to the audience or people that may be your fans out there reading your book? And tell us why everyone should grab a copy and read Forgive and Forget, How to Nuke Your Credit Card Debt.
- Speaker #0
Well, first off, the short book, it's a flip book. So there's lots of little things in the very beginning, which are very kind of summary. And there's a very funny part of the courtroom situation. So that was from my own personal experience. So you actually, it's an enjoyable read. And what I would like to say to people is one question. Have you been lied to, indoctrinated, and brainwashed? Okay. The lie, we can kind of see the lie, sort of obvious sometimes. But when they repeat the lie. over and over again, we get indoctrinated to it. And then if we don't question. then it's brainwashed. So if it's possible that you've been lied to and documented and brainwashed about this bank issued alleged credit card debt, all I want you to do is open your mind. Your mind is like a parachute. It only works when it's open. So I want you to have an open mind. Don't believe me. Read the show notes, go to the links. And there's actually a link by a guy on YouTube who says, I have made $361 off the banks. And how'd you do it? They offer the money. He matches the money. The bank matches the money. And then he closed the account. So far, he's made $361. So there are people doing this. I'm just saying you can do it too and get out of the situation you're at. And don't be surprised that you could apply later to that same credit card company and get a card again if you want to. Wouldn't that be a hoot?
- Speaker #1
Well, Tommy, I thank you for coming on the show. You have been a wealth of information today. And I know that this information will help my listeners tremendously. It's helped me. I haven't read it all the way through, but I am going to finish your book. I have sent this off to my CPA to let you know. He's my best friend's name is Dion. He's already said, yeah, man, this is exactly it. So if you ever want to come back on the show, you have my information. You're always welcome to come back and I would love to have you back. So thank you for joining us today, man. I really appreciate it.
- Speaker #0
Thanks so much. See you later.
- Speaker #1
All right, guys, that was Tommy Kilpatrick. I want to remind you that he is so telling you the truth right here, that he has challenged you to send his book in this podcast episode to your CPA if you have one, and I'm guaranteeing you, no one's going to dispute this. You can get a copy of his book, Forgive and Forget, How to Nuke Your Credit Card Debt at Amazon, as well as Kindle Unlimited and anywhere books are sold. I would like to remind you, like I always do, if you get his book by Kindle Unlimited, he does not make any money unless you read it. You have to turn the pages. So make sure if you get it by Kindle Unlimited, you actually read it so he gets the credit to keep helping those farmers over there. doing what he's doing because he is doing God's work. All of the links that Tommy sent me, he asked to come on the show so that I could verify that he was telling the truth. I will post those for you guys. You guys are free to also read those. Also, to find out more about Tommy, just go to my website, which is in the show notes, and his profile will be attached to his episode. There you can read all about him and his social media handles will also be there as well. Once again, to Tommy Kilpatrick, thank you for coming on the show. Wealth of knowledge and information, and I know we're going to use it. And thank you for joining us today. I know you have many choices in True Crime and Interview podcast, and I am grateful that I am one of your choices. And you have been listening to the only three-faceted podcast of its kind. So be good to yourself and each other. And always remember, always stay humble. An act of kindness can make someone's day. A little love and compassion can go a long way. And remember that there is an extraordinary person in all of us. I'll catch you guys on the next one.
- Speaker #2
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