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Moon phases
Questions regarding the use of Promissory notes to clear bank related debt.
+2
assassin
Akira
6 posters
Page 2 of 2
Page 2 of 2 • 1, 2
Re: Questions regarding the use of Promissory notes to clear bank related debt.
For those curious to questions posed here is some help.LionsShare wrote: but can you tell me who the Drawer is (there is a clue further up in this thread!)? If you were to sign the space for a signature & date it, then quite arguably you could be the Drawer but what is missing? Remember leave the tear off slip alone do not write on it.
Drawer the clue is in Sect 5 of BOE 1882 quoted above.
Stuff missing includes: where is the sortcode for the Corporate Bank? & please read sect3(1) BOE 1882
https://www.legislation.gov.uk/ukpga/Vict/45-46/61
(1585)
LionsShare- Moderator
- Posts : 3285
Join date : 2017-04-26
Location : Literally Where Ever I Am
Re: Questions regarding the use of Promissory notes to clear bank related debt.
itheman wrote:Here is the promissory note webinar download link, it will only be active for a week - expires 12,08,20
https://we.tl/t-uYOKLSVPa4
do you know the full name of this mark guy does he have a website or anything, its a terrific resource he seems like he defo knows his stuff
thanks itherman
WiteTaurian- Not so newb
- Posts : 39
Join date : 2020-07-29
Location : Leicester, UK
Re: Questions regarding the use of Promissory notes to clear bank related debt.
it's on the first post i made on this subject WiteTaurian, i'd fully digest what lionshare has been saying on this too, i've not had a chance to go through it all again
quick one though ls, if a PN is used to discharge a charge that is being collected by say dept of work & pensions for a 3rd party...then the dfwp would have to pay funds into the account of the 3rd party?
quick one though ls, if a PN is used to discharge a charge that is being collected by say dept of work & pensions for a 3rd party...then the dfwp would have to pay funds into the account of the 3rd party?
itheman- Very helpful
- Posts : 418
Join date : 2018-03-12
Re: Questions regarding the use of Promissory notes to clear bank related debt.
With PN's there needs to be specific narrative giving you the opertunity to clamp down the avenues which others could come after you to pay up. YT has quite a lot of examples of this.
The webinar example seemed to have very little if I remember.
The webinar example seemed to have very little if I remember.
LionsShare- Moderator
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Join date : 2017-04-26
Location : Literally Where Ever I Am
Re: Questions regarding the use of Promissory notes to clear bank related debt.
You would think so!itheman wrote:if a PN is used to discharge a charge that is being collected by say dept of work & pensions for a 3rd party...then the dfwp would have to pay funds into the account of the 3rd party?
LionsShare- Moderator
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Join date : 2017-04-26
Location : Literally Where Ever I Am
Re: Questions regarding the use of Promissory notes to clear bank related debt.
It is worth a try, in principle it's correct.
So
What is the criteria to be given the "option" of paying by PN, i mean most payments now are DD, so...cancel and do by post. Forfit the crafty convenient discount.
Does one need a paying in slip?...To discharge the debt.
Then it goes where it should go/rightfully belongs.
I've heard of some paying off car loans with PN, all well and good but do you think it's going to affect the chances of doing it again from another hp/finance company...? Blacklisted for paying with legal tender haha!
So
What is the criteria to be given the "option" of paying by PN, i mean most payments now are DD, so...cancel and do by post. Forfit the crafty convenient discount.
Does one need a paying in slip?...To discharge the debt.
Then it goes where it should go/rightfully belongs.
I've heard of some paying off car loans with PN, all well and good but do you think it's going to affect the chances of doing it again from another hp/finance company...? Blacklisted for paying with legal tender haha!
itheman- Very helpful
- Posts : 418
Join date : 2018-03-12
Re: Questions regarding the use of Promissory notes to clear bank related debt.
itheman wrote:it's on the first post i made on this subject WiteTaurian, i'd fully digest what lionshare has been saying on this too, i've not had a chance to go through it all again
quick one though ls, if a PN is used to discharge a charge that is being collected by say dept of work & pensions for a 3rd party...then the dfwp would have to pay funds into the account of the 3rd party?
thank you dude i found it
WiteTaurian- Not so newb
- Posts : 39
Join date : 2020-07-29
Location : Leicester, UK
Re: Questions regarding the use of Promissory notes to clear bank related debt.
With PNs as stated I would be VERY careful, you are going to have to do quite a lot of research, you can easily end up in sh*t as stated, by all means research it & if you are successful please come back & let us know how you get on. Remember the example I gave above over mortgage? What they did in that case would appear to be absolutly correct as a PN created the mortgage in the 1st place, remember you are dealing with a bent corrupt system, & the village idiot is always right.
People are being railroaded left right & center over gas & leccy with warrents of entry when they are correctly (probably) endorsing the correct instrument. Using PNs when done correctly would certainly solve a lot of problems, after all we live in a debt driven economy, all there is, is debt there is no real credit except for us the people, & it really would be 1 hell of an education if all could be garnished with knowledge of how we are shafted in this system, & educated of how to operate correctly.
The system as it stands probably needs an over haul not necassarily scrapping as there are parts that are meant to work for us, if they actually did instead of against we would all be in a much better, quieter, place.
For utilities there is no need to use PNs just A4V if there is NO consideration attached, otherwise endorse it. The info is in the utilities section.
LS
People are being railroaded left right & center over gas & leccy with warrents of entry when they are correctly (probably) endorsing the correct instrument. Using PNs when done correctly would certainly solve a lot of problems, after all we live in a debt driven economy, all there is, is debt there is no real credit except for us the people, & it really would be 1 hell of an education if all could be garnished with knowledge of how we are shafted in this system, & educated of how to operate correctly.
The system as it stands probably needs an over haul not necassarily scrapping as there are parts that are meant to work for us, if they actually did instead of against we would all be in a much better, quieter, place.
For utilities there is no need to use PNs just A4V if there is NO consideration attached, otherwise endorse it. The info is in the utilities section.
LS
LionsShare- Moderator
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Join date : 2017-04-26
Location : Literally Where Ever I Am
Re: Questions regarding the use of Promissory notes to clear bank related debt.
Forgot to add: The Trust Estate Stamp would come from and represent the Trust Estate Executor's office. Because now the Trust Estate is being evidenced, taking charge of 1's own interest away from those that profess to be Trustee over your affairs. Hope this makes things clearer.LionsShare wrote:If some have missed my comments earlier about the cashier's stamp, here is my take on it.
I think by having your own "stamp" & using it instead of the PO stamp that is the achilles heels for them. There was a different vid on YT that has been taken down & I did not down load it myself, wish I had. In that the presenter showed by using his own Trust Estate Stamp the water company in question (Yorkshire Water) ran off & would not have anything to do with the presenter.
LionsShare- Moderator
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Join date : 2017-04-26
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Re: Questions regarding the use of Promissory notes to clear bank related debt.
LionsShare wrote:Hi WiteTaurian,
If you are seriuos in studying this here is an example for getting rid of PUBLIC debt - mortgage.
Michael Tellinger - Paying with Promissory Notes
https://www.youtube.com/watch?v=eLoIpQYeb7g
it does in South Africa appear to work. Here I am not so sure. You could start research here:
https://www.expertinalllegalmatters.com/kensington-mortgages-limited
there was an example of a prom note written for over I think £1,000,000 & it was cashed, & NOT taken to clear the mortgage. The defendant(s) lost.
The evidence from this web site may have been taken down, so you will have to look.
There are tons of examples from US on YT if you want? The same principles should work here but its also about getting it stamped - notorised.
Please let us know how you get on.
YES I agree its all our birth right to be free
LS
LS
Hope you are well.
If i could briefly touch on the above, what would the prom not in relation to your mortgage for example need to contain? and regarding the notarisation, im presuming that no extra "something special" need to be added, just notarised in the same stamp and sign way?
Thanks
catchablackrat
catchablackrat- Not so newb
- Posts : 38
Join date : 2017-07-23
Re: Questions regarding the use of Promissory notes to clear bank related debt.
Be very very careful, mortgages no one using this direct method as far as am aware has ever got it cleared. If it goes to court you will probably lose.
OK if you look on line there are plenty of examples of prom notes for you to use:
https://www.youtube.com/watch?v=dbku5XULgIA
https://www.youtube.com/watch?v=0Dk7d7I1FQ8
there are plenty more on YT. the 2nd of those examples gives a good indication of stamping but mostly thats for paying any "duty" due on the document. PLease read stamp act 1891 for more on duty.
Also getting it notarised is better 'acceptance' of it being genuine.
Art work is important, if you have title docs for your property that will give you some idea.
& sign away as you put it.
Also look on YT for examples of specific wording to use, from that also generate your own ideas of what to include.
OK if you look on line there are plenty of examples of prom notes for you to use:
https://www.youtube.com/watch?v=dbku5XULgIA
https://www.youtube.com/watch?v=0Dk7d7I1FQ8
there are plenty more on YT. the 2nd of those examples gives a good indication of stamping but mostly thats for paying any "duty" due on the document. PLease read stamp act 1891 for more on duty.
Also getting it notarised is better 'acceptance' of it being genuine.
Art work is important, if you have title docs for your property that will give you some idea.
& sign away as you put it.
Also look on YT for examples of specific wording to use, from that also generate your own ideas of what to include.
LionsShare- Moderator
- Posts : 3285
Join date : 2017-04-26
Location : Literally Where Ever I Am
Re: Questions regarding the use of Promissory notes to clear bank related debt.
LionsShare wrote:Be very very careful, mortgages no one using this direct method as far as am aware has ever got it cleared. If it goes to court you will probably lose.
OK if you look on line there are plenty of examples of prom notes for you to use:
https://www.youtube.com/watch?v=dbku5XULgIA
https://www.youtube.com/watch?v=0Dk7d7I1FQ8
there are plenty more on YT. the 2nd of those examples gives a good indication of stamping but mostly thats for paying any "duty" due on the document. PLease read stamp act 1891 for more on duty.
Also getting it notarised is better 'acceptance' of it being genuine.
Art work is important, if you have title docs for your property that will give you some idea.
& sign away as you put it.
Also look on YT for examples of specific wording to use, from that also generate your own ideas of what to include.
Many Thanks fella
catchablackrat- Not so newb
- Posts : 38
Join date : 2017-07-23
Re: Questions regarding the use of Promissory notes to clear bank related debt.
catchablackrat: seriously I would stay away from doing this you are very likely to get into all sorts of sh*t if you try.
I will NOT comment any more on PN's to mortgages .
(1600)
I will NOT comment any more on PN's to mortgages .
(1600)
LionsShare- Moderator
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Join date : 2017-04-26
Location : Literally Where Ever I Am
assassin and WiteTaurian like this post
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