Moderators: nickj, Lady of Mystery, Mandrake, bananafish, support
Gary Dickson wrote:OK. When a company issues you a bill, at the bottom is a bank giro credit, issued in your name. Take a moment to think about that, it's not a bank giro debit, but a credit.
That slip of paper is called a remittance. According to Bouvier Law Dictionary a remittance is:
"REMITTANCE, comm. law. Money sent by one merchant to another, either in specie, bill of exchange, draft or otherwise."
So, they issue currency in your name, without your permission. Now then, all currency is fiat currency, because it's not backed by the gold standard. That means it has no real value. It's a made up number. In fact, inflation is the creation of currency out of nothing.
So, the remittance is a form of currency, pursuant to the Bills of Exchange Act 1882, which is still in full force and effect in the UK.
So what I did, was to send them the remittance, along with the Notice of Acceptance for Value.
Anybody can send a notice, and it is important to note that a Notice is not a letter. It is a legal document.
So, the Notice of Acceptance for Value was sent. I received a reply saying they could not accept the remittance as payment. This means they have dishonoured the payment. In commercial law maintaining honour is more important than being right. Of course, in this case I am in the right because the original credit agreement was fraudulent, in that the credit company did not lend me any money. The credit is created by my signature.
During this process, I am maintaining my monthly payments to ensure I maintain honour by not defaulting. However, when I serve my notice of cancellation of payment, then I will cease payments while retaining honour.
The Notice of Cancellation of Payment will include a fee schedule of £150 per Notice I have to write, phone call I have to deal with, and hour of time (or portion thereof) spent dealing with the credit bandit.
Beardy wrote:So by using your credit card once you are about to make a killing? Or am I way off mark?
Users browsing this forum: No registered users and 2 guests