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Overcomers Approach
“The Overcomers Approach” podcast showcases stories of resilience, where individuals transcend challenges to achieve personal and professional success. With a focus on spiritual, mental, emotional, physical, and financial growth, the podcast inspires listeners to embrace their potential and thrive in all areas of life. Join us to learn how overcoming adversity can lead to evolution, healing, and lasting success.
Overcomers Approach
Breaking Free from Credit Card Debt
What if everything you believed about credit card debt was built on a misunderstanding of banking? Tommy Kilpatrick's remarkable story begins with $85,000 in credit card debt and ends with a financial revelation that changed his life forever.
When Tommy found himself drowning in credit card obligations after a promised contract fell through, he didn't accept defeat. Drawing on his accounting background, he questioned the fundamental nature of his financial arrangement with the banks. His discovery was stunning – the banks had no invoices for his purchases and he had never signed a promissory note, two essential components of a legitimate loan. Armed with this knowledge, Tommy took an audacious step: he sued three major banks in federal court.
Though initially dismissed, something remarkable happened. All three banks quietly removed the alleged debts from his credit report rather than fight his claims. This outcome reveals a banking truth hidden in plain sight – what we call "credit card debt" may not be debt in the traditional sense at all. Tommy explains that credit cards function more like free checking accounts than loans, with banks issuing them to generate an average of $23.04 monthly per cardholder in fees and interest.
Tommy doesn't just expose problems; he offers practical solutions. He walks us through the specific steps to challenge questionable credit card debts, build credit without paying unnecessary fees, and reclaim financial power. His approach emphasizes the importance of language – by referring to "alleged debt" rather than accepting bank terminology, consumers can shift the power dynamic in their favor.
The conversation extends beyond personal finance into a profound discussion about questioning established systems. Tommy's journey from financial distress to freedom demonstrates how knowledge can transform seemingly insurmountable challenges into opportunities for growth. His current humanitarian work in the Philippines, helping farmers build affordable housing and establish sustainable food sources, shows how financial liberation can enable us to create positive change in the world.
Ready to transform your relationship with money and banking? This episode will equip you with knowledge that financial institutions would prefer you didn't have. Share this episode with someone struggling with credit card debt – it might be the key to their financial freedom.
More information about Tommy Kilpatrick at https://www.diy-debtrelief.com/
Thank you for listening!
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Thank you for listening!
Good day people. My name is Nicole Ellis-McGregor. I'm the founders of the Overcomers Approach podcast, where I meet with different people from different walks of life, different experiences, different journeys, but the overarching theme is that we're able to overcome almost anything that is presented our way, whether that's financial, physical, mental, emotional or it could be all of them together, and I believe that people are empowered by people's experiences and stories, and I'm so happy to have Tommy Kilpatrick here today to talk to us about credit card and how to bust debt card or credit card debt relief. He can tell you a little bit more, but I was really interested because I think people are really overcome. The more educated we are, the more empowered we are, the more information that we have, we don't have to go into things so blindly and we have some tools to help us work through that. Tommy, I want to welcome you here to overcomers approach today. I greatly, greatly appreciate it. Welcome. Please tell me a little bit about yourself and how you got into this space for sure.
Speaker 2:Well, thank you for inviting me. It's wonderful to be here with you. I'm very excited, for sure. Well, thank you for inviting me it's wonderful to be here with you.
Speaker 2:I'm very excited. I'm an author. I'm a retired teacher now and I'm an author. I wrote a book on health and healing which ties right into your podcast, and I was booked on the radio all across the country at all times, so I had to be available. So I used my three credit cards to live on. Now I was promised and I had a 13 page contract that I was going to be making about a hundred thousand dollars a month. So I was on my way. So I'm very, very happy. So running up $85,000 is no big deal, because I'd still have $15,000 as money. I didn't mind it at all.
Speaker 2:And then one of the talents I won't mention his name, but he got in trouble with the FTC and he made claims in his book that wasn't true. They came down hard on him and the company and so my contract was canceled. They came down hard on him and the company and so my contract was canceled. $85,000 of credit card debt. So what do you do?
Speaker 2:Yeah, I put in depression, which ties right into how do we overcome this. And I wake up one morning and I think of my dad. He's a cpa and I was in school to be a certified public accountant. I never got the title, but I did the work and I realized that the bank does not have an invoice, so I don't have a debt with the bank. Then I remembered my accounting class and I have a memory and one of the books we read was Modern money mechanics.
Speaker 2:It's required reading from the federal reserve and it says right there, mockingly, and that's in your show notes. It says we, we don't take the potter's money and loan it out. That's ridiculous. We can't do that. There's not enough money. So what we do is we take in the promissory note and write numbers in your free checking account. So that's how they create money in this world we live in. So I knew I didn't sign a promissory note. My father at the time was an attorney and a judge. We had long conversations about how fraud undoes all contracts. So I do not have a contractual agreement with the bank. So what did I do? I sued the three banks and federal court by myself that's.
Speaker 1:That's a big overcomers approach and, like you said, there was no promissory note.
Speaker 2:So no promise to pay, but then you feel obligated. We'll get into that because law is language, and language is law.
Speaker 2:So if you say you have credit card debt, you've got it. You can't get out of it, okay. But we watch the TV and we see a bank robbery and we always say alleged. So all I'm asking your audience to do is add one word to be alleged. Now let me ask you a question, nicole. Is it possible for you, your audience and me too, don't forget me is it possible that we've been lied to, indoctrinated and brainwashed?
Speaker 1:Is it possible.
Speaker 2:It's possible lie, but when it's told generational. So when your parents told you here's the credit card you make the payment every month, here's a statement and it's a bill, and that's how grandmother would be telling you the same thing. So generationally you've been lied to. Now if you question it, then you're brainwashed. So I'm not here to insult your audience. I'm not saying that. All Me too, yes, but start to ask the question. And now you're not brainwashed. So all I want you to do is have a mind is like a parachute it only works when it's open. So let's open your mind up and don't believe anything I have to say.
Speaker 1:OK, I love that. I love that. I love that Because, for my own personal approach, I like to challenge just anything that comes my way, not in a bad way, but just more like asking questions, have a sense of curiosity. Yeah, and there's nothing, and we shouldn't feel bad about that. So this is like confirmation.
Speaker 2:Yes, so don't believe anything. I have to say, I'm a doubting Thomas and I want you to be a doubting Thomas too, and your whole audience. Okay, yeah. So in the show notes there'll be links, so look up the links yourself. Yeah, send this podcast to your CPA, your certified public accountant, or anyone who's had one class of accounting. They're going to tell you I'm 100% accurate, so I don't help out anybody, unless they have a third party. Tell them I'm right. Okay, so doubt everything I have to say, which is fine, but let's see if there's any logic to it.
Speaker 2:So what banks do is they are about loans. So if you have a true credit card, you're not going to get it from a bank, right, so there is a true credit card. This is not getting out of debt, even though I sound like that. We may say that in this podcast, but I'm not offering you a get out of debt scheme, right, what it is? Let's think about it.
Speaker 2:You want tires for your car, so you go into a tire store. You see how much it's going to cost. You don't have the money? Oh, nicole, apply for our in-store credit card and get your approval. You drive away without paying. Fantastic, at the end of the month, you get a statement, just true, and it says they have an outstanding unpaid invoice, which is true. You owe that money, you have to pay that. That's legally, morally, that's what you have to pay.
Speaker 2:However, look on the back of Amazon, walmart any of those departments store credit cards, you think is a store-issued credit card and it says issued by Bank of America, citibank, wells Fargo, bank of London, bank of Tokyo. It works worldwide. So that is a phony card. They never put tires on your car, they never came out to your house and did a plumbing job. The banks are only involved in loans, right? So that's the thing we have to kind of comprehend. So I went into federal court, being very confident. Things were going on very well. We had a deposition coming up. The bank was going to have to send one of the employees to my office.
Speaker 2:I was going to be all the questions I wanted to ask. They had to, truthfully, and they had to bring the evidence of one of an invoice. I said bring me the invoice, send it to me, I'll pay it. I promise I will pay the invoice. What invoice? And then I asked them for the certified copy of the promissory note. You can't do that without a loan. That's what was coming up. Then, all of a sudden, I got called into court. Now my father-in-law said that's unusual.
Speaker 2:Federal district courts don't waste time with you. They want to know how they're going. When's the trial? They only do that kind of house. They didn't even have the other side of the sentence written there. So the judge said Mr Kip, do you have a credit card? Well, let me start at the beginning. Well, no, we'll get to that later. Do you have a credit card? Well, it started off as a gift card. A gift card. Right, pull that card. What does it say? Right there, credit card, you're an idiot. Pull that card in. What to say? Right there, credit card, you're an idiot, get out of here. So he dismissed all three cases. And now what? Now you're back to lawsuits. $100,000 with all the fees and the court fees, attorney fees, everything they're going to get me for it. I just again back to the depression. I look at my credit report a month later and all three banks are gone off my credit report. Wow.
Speaker 1:Gone. Yes, yeah, wow, and that was just from that court case.
Speaker 2:Yep, yeah, because in the pleading in my court case I laid out the crimes that they had committed and they said that if they send me a 1099-C, I've got to stop for a quick second. If you borrow $100,000 from the bank and you don't pay it back, they tell the IRS that you got $100,000 income and you've got to pay $35,000, $40,000 on that. They get to take a tax deduction so they don't pay as much taxes. So that's the motivation of them sending this to you. And in my pleading I said if you send that to me, I'm going to send you a 3949A.
Speaker 2:My dad being a CPA. I grew up with my DNA as part of the IRS. It's just part of us. So I know these forms. So that's a form you fill out to notify the IRS of a fraudulent form being filled out. So I told the bank if you do that it's a lie, I'm going to tell them you're doing being in a tax cheat, you're being defrauding the government of taxes. So they did not want any part of me. They shouldn't. I took a bite of them and they didn't like the taste, so they just took it off the credit board and said nothing to me. So they say, oh well, you're not ever going to go to the credit board again. Well, about 13?
Speaker 2:years ago the wife said get out, take the dog with you. And I became homeless on purpose and I took a vow of poverty on purpose. I wanted to feel like what it was to be poor and not to have a food and not to have a place to stay. But I was never dirty, I was never a drug addict, but I always worked on exchange out. So what happened? I didn't have any credit report, I had no credit score and I knew I was coming to the Philippines. So I knew I needed to have a credit card to book an airline. I needed a credit card to rent a car. They won't let you do that with a debit card.
Speaker 2:So I applied for Capital One and they gave me that's the important word I said they gave me a $500 credit card. How do you do that with no score and no history? Because it was not clean? Well, I was a previous customer. Oh, okay, that's where the bank I sued for $35,000. Right, as a good customer, yes, but there's more to it. So what the banks do is they're all about loans, okay. So if you don't have any money and you have money, you go to a bank, not with a gun, but you apply for a loan okay. So here's your question, nicole If you apply for a loan and a bank turns you down, do you still have a loan?
Speaker 1:No, I don't think so no.
Speaker 2:No, they turn you down, go away. They don't pay you anymore. But if they turn you down, go away.
Speaker 1:They don't call you anymore.
Speaker 2:But if they approve you, because that's what an application needs, it's a request You're asking, and then they say yes, well then you go to the bank and you fill out loan documents. You remember that? Yes, all those pages.
Speaker 2:You have to prove you have an income, because think about this the bank's called it a court. The judge says you're loaning money to people who don't even have an income. That's predatory. So if they can't do that, they've got to make you prove that you actually have the income, because how are you going to pay it back? That's right. Then you have collateral. You have your house, your car, or if you have your house, your car, or if you have, like a personal loan, like you put up your yacht, yeah, so what I'm saying does not work for this. This is one particular debt that's not a debt. So if you have the collateral, they can legally take it away from you, sell it and then if they come up short, well, that's their problem, right, if they come up long, they've actually made money. They can't keep the money. They have to give you the difference. So when you on the other side, when you send money to the bank, you're actually loaning them money.
Speaker 2:So here is what happens the bank wants you as a customer, and years ago they would purchase toasters and wall clocks and have them in the bank. They would tell you if you open up today, you walk out with a toaster Back in the 50s and early 60s. You remember that, yeah, you don't have a toaster or another toaster. It was a great gift, so they spent money to get you as a customer. One time in a newspaper they said come into our bank, bank and deposit 25 and we'll match it in 30, in 90 days. So what did I do? I took my 25, put into my savings account, waited 91 days, went into the bank, took out my 25 and the bank's 25. Right right, I walked out with 50 and I closed the account. I walked out with $50 and I closed the account.
Speaker 1:Now let me ask you a question Is that illegal? I don't think it is. I don't think so. Did I rip off the bank?
Speaker 2:No, is that immoral? Is that immoral what I did?
Speaker 1:Not that I'm aware of, because they gave money to put your money in there.
Speaker 2:Yeah, Some people you lose, so that's OK. In the show notes on link number four, there's a guy on YouTube that says do that and I've made three hundred and sixty one dollars, right, ok, this is the same thing when they gave you a $500 credit card. So there is no debt, so we know that they don't have an invoice, so forget that argument. Now, the loan you didn't fill out, a loan document you didn't fill out, put up collateral. They didn't look at your credit report and you certainly didn't have a credit score for them to measure how much the interest rate was going to be, and then you had to sign a promissory note. You didn't have a credit score for them to measure how much the interest rate was going to be, and then you had to sign a promissory note.
Speaker 2:You didn't sign a promissory note, so there is no loan. So they gave you this gift card. Again, use the language of the criminal You're going to lose the argument. The truth is, they gave you this card to get you to be a customer. What's the big deal about being a customer? I typed this up two months ago. You can do the same thing.
Speaker 2:How much does the average person pay on a credit card fees? And it turns out to be $23.04. Okay, if a bank has a million cardholders, they're bringing in $23 million on bonds. That's a lot. Yes, that's a lot. Yes, that's a lot. So if they give out a $500 gift card and they make $23, do the math in about 22 months they've got the $500 back. And now they got you paying $23.04 on average every month for the rest of your life. Yeah, and four cents on average every month for the rest of your life, yeah. Interest one podcaster told me he pays eight hundred dollars for the annual fee on one credit card. That's a free check-in account. Yeah, that's the whole thing about this. It's a free check-in account, right? What free check-in account? Remember, that's what they're doing when the bank makes an accounting. They count the money up and they put it in an account. So they sent you a $500 gift card. So what did you do with your $500 gift card, nicole? Think of something you would buy right now for $500. What would that thing be?
Speaker 1:that you'd want to buy A new washer for the house there you go.
Speaker 2:So you go to the store and you buy that washer. You're walking out with it.
Speaker 2:Now, some guy's pushing it out right with the cart, right. So somebody said wait a second, nicole, wait a second, ma'am. Did you actually pay for that? And what do you have? I have a receipt, right? Okay, you pay for it. No, no, nicole, you didn't pay for that. You didn't take $500 out of your pocket and give it to that store, that's true. Why would the store give you their $500 washer and let you walk out the door with proof that you actually paid for it? Because they were paid that night or the next day, right?
Speaker 1:Right. At least that's what I'm aware of. Yes.
Speaker 2:Who paid the store to let you walk out with their $500 washing machine?
Speaker 1:That would be the bank, yes, the bank right.
Speaker 2:So the merchant ran the card, it got approved and they know they're going to be paid that night or the next day and they let you, with evidence, prove that you're walking out with your washing machine. You own it. Now, right, right, the bank doesn't own it. You own it, so you're the owner. Are you going to get an invoice from that store in a month from now saying, hey, you owe us $500 for that washing machine?
Speaker 1:No.
Speaker 2:No, no, but you get a statement. That's right. You have a normal checking account and you get a statement. That's right. You have a normal checking account and you get a statement every month Is that a bill?
Speaker 1:No, no, that's not a bill.
Speaker 2:No, it's a statement. It shows your beginning balance, your deposits, the checks, the debits, the other fees and the ending balance. Now, that's not a bill. It just told you what happened. I have an experience that you don't have. My first job as an accountant that CFO, which was a CPA, he walked up to me and pointed the finger at my face. He said if you pay from a statement I'm going to fire you. And then he got nice and he said the owners of this company may work a deal out and that's not a true invoice anymore. They've done a swap. I you don't know what we're doing backstage or the check, the other accounts payable clerk mailed off, has crossed in a mail, so don't believe a statement only pay from an invoice.
Speaker 2:And only here see that department head signature only from approved invoices are you to pay. So that's my experience. So I know the bank does not have an invoice and so you're never going to get an invoice. But you're a good person, you're a moral person, you want to follow the right things. You write a check out from your, let's say, bank of Sedona, right, let's say a bank of Sedona. The bank of Sedona is your bank and you've got a Bank of America credit card. So you write $500 out because you think it's a bill and you mail it off to Bank of America.
Speaker 2:Now here's the question Is that the first time the bank has ever seen your money? Think about it. You've got a card in the mail, didn't even apply for it, it just came in the mail me like a pre-approved. It's from bank of america. You get a, a beautiful washing machine, you bring it home and then a month later you get the statement, yeah, and you write it from the bank of sedona to bank of america. Is that the first time bank of america has ever seen your money?
Speaker 1:I think so. If I'm making the first, if I'm making a payment, yes, it would be the first time, right? Yeah?
Speaker 2:that would be now. You see, so when you take money and put it into a bank account and leave it there, it's called a loan. You've actually owned Bank of America five hundred dollars, so every purchase since then has been with your own money. There's not a loan. They're not fronting anything for you.
Speaker 1:The light bulb has went off. Yes, okay.
Speaker 2:Now you're loaning the bank money and now you made another purchase. Well, that decreased it and that lessened the obligation they have of the loan. At the end of the month you get another bill. You think it's a bill. Let's say you bought a $400 dryer. Well, now you write a check out for $400 and put that back up to what they would call a credit limit. It's not a credit. See, if you use their terms, you're going to lose it's the truth A free checking account.
Speaker 2:You shouldn't pay for it and you don't get any checks. It right, and you don't get any checks. So the only way you can access your money is through your debit card. What it's? The disguise as a credit card. It came in the mail said credit card, but it's actually truly a gift card. They wanted you to become a customer. You became a customer by sending money to the bank and they're going to make $23 on average from you and everyone else on average every month. So that's what gave me a final verdict After I sued them. Because they're going to make $23, they think, but I never pay interest, I never pay the late fee, there's never be a late fee and there'll never be annual fee.
Speaker 2:So what do you do? How do you get out of the situation? Right yeah, here's the practical steps. If you write a letter to the bank asking to close your free checking account associated with that card, right Well, if you go into a bank and you close your checking account oh so sorry, nicole, to see you leave as a customer here's your $3.15 that's left in your account. Oh so sorry, nicole, to see you leave as a customer here's your $3.15 that's left in your account. In this case they keep your money, so you have to withdraw your money first. So I have helped lots and lots of people and I usually find the money, sometimes thousands and thousands of dollars, that they didn't know they had. So I find them money and then in about 45 days it's off the credit report and a gun call right back around, apply for a credit card, but this time they know don't do the annual fee and never be late, because we're trying to build a credit score.
Speaker 1:The only way you can do that is once a credit card.
Speaker 2:So when capital one gave me the credit card right I'd say the thing is you allegedly so they got me a credit card and I gave me a score of about 5, 30, 550. And then I could a credit union and there was more available, more agreeable to you, because you're a member, and so you get a small loan and I make payment. I have an installment loan that boosts me up to about 625. I use percent of the credit card, never carry a balance. Don't believe other people saying you should show them how you can pay. No, that's an indicator. You can't pay, so you know this month, right about so and then pay it off immediately, before it's even due. So you're never late. And now that I'm at 705, I just got noticed that my score went up. So I want to show you that within a year I went from zero to 800 in a matter of time, yes.
Speaker 1:So you're saying never be late, never, never be late, yes, and pay it off Like just pay it Right and you're only going to buy things that you can pay back.
Speaker 2:Now it sounds like it's a loan, but I'm trying to tell you, educate you, that it's your money. So when you're ready to leave the system, take the cash out and then write them a letter saying to close the account. Now that's kind of weak. So what would be better is if you had your CPA write a letter to the bank saying if you have an invoice, please send it to me and I promise I will pay it. Also, there is no promise or a note. You violated federal banking regulations and there was no real loan. And then that sounds pretty good. Have your attorney. Oh no, $300 for the attorney letter.
Speaker 2:There's a thing called prepaid legal and now they call it legal shield, and for 29, you get an attorney for a month. Don't pay anything more than that. Quit the system. So have your attorney. Write a letter to the bank saying fraud undoes all contracts. So do not have a contractual agreement. Now, after I was successful, a friend of mine had a charity and it was called Lighthouse of Hope and she gave it to me and I revamped it into credit repair. A lot of credit repair problems also had a little bit of debt, so I would write a letter and 45 days to be off the credit report because it was just easier for the bank.
Speaker 2:Once they saw that I knew what they were doing, they would just delete it.
Speaker 1:But for some.
Speaker 2:If the $100,000, $200,000, they would push back. And so I had a CPA witness. My expert witness was a CPA. So when you go into court and that's where some of my clients could do it themselves and they haven't ever had a problem in the school they wouldn't do it without an attorney. It all fell apart. Even though I had the expert witness, the attorney would not go into court and they you know it's high and dry, so we had to get it to an attorney. All of a sudden, they had to act like they were doing something. So once we got the expert witness up, the judge asked me if I had a credit card. Do I have one? No, really, cpa, tell us the truth. So you're going to have someone, a third party, validate this.
Speaker 2:Now what you could do for the bigger amounts is file a lawsuit but not file it. Okay, draft it up and don't file it with the court. The bank gets this brick of the complaint, all the discovery, and here's the best thing it's an injunction Right Now. I didn't say this before, but nowadays everybody knows that Trump does one thing, someone's on the court and they have an injunction and it stops everything. Right, people are well aware of the word injunction.
Speaker 2:That's what you know by the bank. So if the bank sues you, you're going to file an injunction. If you sue the bank, I'm going to file some injunction. And what it means is that the judge will know that the bank is going to send you proof of a debt. They're going to send you a copy of the invoice that's unpaid and outstanding and a certified copy of the promissory note and an affidavit of debt. Someone in the bank swear out, on the penalty of perjury, that they're going to go to jail or face a fine if they lie and they have the evidence, and if they don't do that in 30 days, they're in contempt, of course.
Speaker 1:So if the bank.
Speaker 2:Do this click. That's all you're asking for is a click on your credit report and leave me alone right, that is amazing.
Speaker 1:So yeah, I am amazed, like so, basically, a lot of these credit cards that are, you know, based out of most banks, you know there is just kind of how there's money, there's really not money there. It's kind of like a general ledger that you're just kind of Explain that to me just a little more Sure.
Speaker 2:I'd be happy to All you need to know, in America, 1776, to present the inflation rate. You'll see a chart that's flat, flat, flat or like from 1776 to 1930, then straight up yes, what happened is, I believe, that the Federal Reserve created the Depression. It is admitted that they raised the interest rates. Well, when you keep raising the interest rates, you choke off the economy. You don't allow money to be circulating and it stops. So what was the end result of the Depression? Banks went out of business. Wow, banks were consolidated and by doing that, the Federal Reserve became stronger.
Speaker 2:In the beginning of 1913, they had no power, they had no banks, but they instigated this rising of the interest rates, eliminated all the banks, got them consolidated into their buddy banks, and so now they control it. That's when fractional banking occurs. Yeah, what that is? They accept a promissory note, so you first promise to pay it back and they write number in your free checking account, any number they want. So this is causing inflation. So we say, oh, inflation's bad. No, inflation's really bad. Okay, how could inflation be good? Right, when I was married, I married a nurse and when we got married she had a student loan and $100 a month we had to pay for like the next five years.
Speaker 2:Well, she was being paid about fifteen dollars an hour when she first got out. She's the brand new nurse, so it was about seven hours of work to make a hundred bucks, right. Well, a couple years later she got more credentials, she got more training and then she did per diem and then she was a home health nurse. So things went really up high and she was paid 25. So things went really high and she was paid $25 an hour. That one took her hours to pay the loan back. So if you know inflation is going to happen, you borrow money now, invest it, because you know the house price is going to go up in 10, 20, 30 years. So you're going to make money giving the bank back cheaper dollars. So if you know this, then you're in on the secret, you're in on the deal. So us on the outside I was working at UPS. We were paid $11 an hour. After a couple of years we got up to $13. Every six months we got a cost of living allowance, but it was never enough.
Speaker 2:We were always behind, so we were the ones paying for it. So that's the reason why they write numbers and any number they want, and that's why we saw a lot of inflation after the COVID payments. They just gave money. They didn't give up money because they didn't borrow it, took it from somebody else. They just created out of thin air and that's why the prices rise.
Speaker 1:That's good, tommy. That is so good. This information is very empowering and informative. I think you know, because if you take things kind of as face value and you really don't kind of dig in a little deeper and, like you said, kind of look at the wording, you know, really understand how the system works, then kind of navigating, you know, through that system and knowing what to say and what to do, I think puts people in better positions in their lives. So, man, I really really appreciate that.
Speaker 2:I mean it's so, and then when you talk oh, go ahead, I got one more thing for you. Think about this, nicole you purchase one share of Bank of America. Yes, now you are an owner of the bank. It's your bank, it's your money. You think differently when you are a shareholder. It's my bank, that's right.
Speaker 2:Would you want your bank to loan your money to someone who can't pay it back? No. Would you want to loan your money to someone who doesn't have an income? No, no income proof on the application for a credit card, right? No, no income proof on the application for a credit card, right? Would you want to loan your money to someone who doesn't even promise to pay it back? No, no, no. So if you look at that way, it's totally crazy, because it never was a loan. It was from their advertising budget to get you to be a customer, just like the law poster or matching the money.
Speaker 2:So you can do this and be successful, as I have, and I've helped hundreds of nearly about a thousand people with the uh the charity. So I'm here in the philippines. I teach farmers how to build a dome house out of bamboo, so it's free housing, and I'm teaching vertical gardening, so there's no more bending over that we've done 10 000 years. That just hurts my back so you can create a lot more food in a shorter spot of space if it's vertical and that's free food. And I'm also trying to open up free medical clinics, that self-managed medical care, so they're in charge of medical care and that's where the proceeds from the book or from any kind of clients I help. So my favorite client would be someone like a company who's got, let's say $200,000 of credit card debt.
Speaker 2:That's what they say. Let me talk to their CPA, because if you send this podcast, the CPA has never heard of this before, but then all of a sudden stops to think about it. Well, yeah, the bank doesn't have an invoice and there was no loan because they have to have a promise or a note. They violated federal banking laws. So yeah, but you know? Then the attorney says contracts, just because you use a card, you're not bound by the terms and conditions. So that means there's no contractual agreement, so there's no deal. So that client would have that kind of debt. But their board of directors have all maxed out not maxed out their card. They have withdrawn all the money out of their checking account. But the bank said you maxed out your card, you have to pay us all those interest rates. No, you don't so. And then all the employees. So I want to have the CPA get everybody together in a meeting and say we've been defrauded and looks to the attorney and says yes, there have been fraud we are victims of. We are all fraud victims. Because the bank to cpa says we never have an invoice. So we're going to ask the banks for an invoice that they have when we promise to pay. The other one is we're going to ask them for the promissory note. Did you sign a promissory note? No, well, if you don't promise to pay back, it's a gift.
Speaker 2:So here's the story and explains the story and what we're doing. We're're writing a letter to the bank. We're going to have the corporate debt all wiped off. Not wiped off, it's just removed off the credit report. All the board of directors are on it because they're maxed out already. And then you employees, if you want to, you can add your name and we expect 40,000 to have it on the credit report. Now, what if the bank doesn't do that? That's fine. We notify the credit reporting agency of the fraud. Here's what we notified the bank. Here we're telling you, credit reporting agency, and by law you have to remove it because it's fraudulent. Here's the evidence. And if you say debt collector, give me the invoice and I'll pay it, no invoice, I'm not going to pay a debt that doesn't have an invoice to it. And then if you say it's a loan, well then, fine, send me the loan documents. Oh, we know. Wow.
Speaker 1:That is good. It brings me back to the concept of the marketing and the kind of PR that goes in. They're still giving out toasters, it's just a different way. You know. It's still getting the clacks, it's just a different marketing tool. Yeah, kind to get you hooked in. And that's how they're really making the majority of their money.
Speaker 2:And we are just one fourth yeah, I did my calculation but one fourth of profit comes from this illegal scheme, that fraud, to get you to pay for a free checking account. That's what you're doing is when you're doing annual fee or any kind of interest or any late fee, that is money to the bank for a free checking account. That's what you're doing is when you're doing annual fee or any kind of interest or any late fee. That is money to the bank for a free checking account.
Speaker 1:Wow, that is amazing. Tommy, I so appreciate you. This has been a very impactful 30 minutes. I'll make sure that all the links are in my podcast description and narrative. I just want to know as you do this work and as you really help people. I love the fact that you're doing so many great things that you just spoke about in the Philippines and just teaching people how to just do things more effectively and really being owners of what they're doing. So when you're, when you're invested, I think you look at it in a totally different way and you really become empowered. What keeps you driving? What keeps you going in this direction to really help people? Where does that come from?
Speaker 2:That's the trust and faith in God. It's like when the wife said, get up, take the dog with you. It was a great opportunity for me to explore and see what would happen. And every single time God was there, provides what I need, what I want. I ask for nothing and it's always provided.
Speaker 2:So I was at a home, uh, recently, and they were scrambling around trying to find me a plate. These people are so poor they didn't have a plate for the white guy who's you know the warner. I said no, no, no, we eat the way you eat. They brought the banana peel out, they put the food on it and they ate the food. Yeah, that's another house, and the house was leaking and he apologized. I said you have a wonderful home, a beautiful home because I've been places but didn't have a roof.
Speaker 2:So the humble experience I have, and that's all I want to do, is give back to the people who have been so good and kind to me here. So rabbi jesus of nazareth taught two new commandments. One is love and mercy. Mercy means extreme kindness, and love in Hebrew means I give, so giving your loving God gave us life, which I appreciate every single day, and attitude and gratitude, and that's all I want to do is give back. So I give the people who are giving, who are growing food, raising animals, doing things good for people. That's who I want to be around.
Speaker 1:Oh, tell me, I love it. And you know what I is totally, I'm with you. Amen, agreed and amen, 100% with that. I totally, I totally believe in the word and, like you said, you lack nothing. He provides everything for you with the heart of give and and loving people and being around that same environment. It can't do nothing but multiply and increase, yep, and and. So you just keep, your steps are ordered. So, wow, I just want to say thank you, tommy, so very much. I greatly appreciate it. I know my listeners are going to appreciate this. I'm going to appreciate this. Listen, you have so many nuggets of wisdom that I'm just going to take through and just really listen to it again myself. So I just want to say thank you, thank you, thank you, and God bless you. This has been a wonderful, wonderful time on the podcast. I greatly appreciate it.
Speaker 2:Thank you too. Blessings to you all, thank you.