I found a great way to Make Money Tax Free. You see when it comes to Internet Fraud our Federal Government is an Overgrown Bureaucratic Joke. Not one Federal Agency had jurisdiction to prosecute a person who steals peoples money. We can spend one trillion dollars in Iraq for nothing. We can let the Federal Government Spend millions of dollars to find out if the president had sex with an intern. We can spend can millions of dollars to find out if some athlete took steroids. We can put a man in jail for 23 months for dog fighting. But I cannot get one state Federal or Local Law Enforcement Agency to enforce a Federal Law against Wire Fraud. I fraudulent website that openly steals people money because the people who run know the government will not do anything about.
You apply for a debt consolidations loan online. A man who calls himself Drew Harden from BridgeLine Capitol Solutions calls me claiming that I have been approved for a $15000 loan. The only thing I have to do is pay an $850.00 application fee and my money will be deposited in my account in 12 to 24 hours. He has 1-866 numbers and I have a signed contract. If it were some kind of scam the government would prosecute him. Right? Wrong!
I called back 1 day later to see my loan had been deposited. Yes Sir we have received your money gram but there is slight problem. You have to send an additional $850.00 to get your loan approved. I said What! I want a refund right now! Right now! You lied to me I want my money. I want my money!
I then called every Federal and State Law Enforcement Agency I could think of. I was told by the FBI that this was a common scam and there would be no refund and no loan. So if they know it is common scam then why dont you arrest him! They know his name. They have is website. And I have a receipt. No the FTC says there going to put in their database. WOW! Ok great. Put the information into the Data Base. But when are you going to arrest him. Put him in jail so that he cannot rob more people. It turns out the Federal Government of the United States, the powerful government that there has ever been wont or cant arrest, investigate, or sue a company like this one until it has a pattern of fraudulent activity. After they have ripped off hundreds of people for thousands of dollars. It just seems to me like a law enforcement officer should log on to this website apply for a loan. When he charges you a fee the loan which is illegible prosecute him. It seems so simple to me.
So in other words this man can steal tens if thousand of dollars from people who are ready in debt and no one will do anything about.
The government will not chase after real criminal who hurt people.
So since i cannot beat them i think i will join them
These predators know that no one will prosecute them so they will keep doing it. All the Law Enforcement Agencies I dealt with show their concern but take no action.
So the next time I get my hands on $850 I was thinking about starting my own Debt Consolidation Loan Website. I could rip people off just like this man did. I figure if I get one sucker a week thats $2200 a month. Tax Free. Since I know that their has to be a pattern of deception before anyone does anything Ill start 10 websites. That $22,000 a month tax free. When The FTC closes one down Ill just open a New one. What a minute I could start a hundred websites. I could retire before I am fifty.
And no one will do anything except but put the complaints in a data base!
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Our expert consultants can help you with unsecured debt like credit cards, unsecured personal loans, utility bills, medical bills, store cards, gas cards, back taxes, student loans etc..
2007 Bridgeline Capital Solution - All Rights Reserved
-1-
Lender: Bridgeline Capital Solution
365 Broadway
New York, NY 10013
Borrower: XXXXXXX
PROMISE TO PAY, Bridgeline Capital Solution and all cosigners signing this Note (Borrower)
jointly and severally promise to pay to Bridgeline Capital Solution, Inc. (Lender), or order, In
lawful money of the United States of America, the principal amount of the Five Thousand & 00/100
Dollars ($5,000.00); together with interest at the rate of 8%per annum on the unpaid principal
balance from $5,270.00, until paid in full.
PAYMENT. Borrower will pay this loan in accordance with the following payment schedule:
Borrower will pay this loan in 36 monthly installments of principal and interest of $ 6,120
commencing May 29 (Commencement Date) and continuing each 30 days thereafter until
paid in full. Once the full collateral of $850 for 5 months is paid in full. Borrower monthly payment
$170 per month the final payment, due $ 5,270.00 will be for all principal and interest not yet paid.
Unless otherwise agreed or required by applicable law, payments will be applied first to any unpaid
collection costs and any late charges, then to any unpaid interest, and any remaining amount to principal.
Interest on this Note is computed on a 30/360 simple interest basis; that is, with the exception of odd days
in the first payment period, monthly interest is calculated by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by a month of 30 days.interest for the odd days is calculated on the basis of the actual days to the next full month and a
360-day year. Borrower will pay Lender at Lenders address shown above or at such other place as
Lender may designate in writing.
LATE CHARGE AND REFUNDS. If a payment is 10 days or more, late Borrower will be charged 7%
of the unpaid portion of the regularly scheduled payment. All refunds and are done 30/day from request
date.
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(1)
INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final maturity, at Lenders option, and if permitted by applicable law, Lender may add any unpaid accrued interest to principal and such sum will bear interest there from until paid at the rate provided in this Note (including any increased rate). Upon default, Lender, at its option, may, if permitted under applicable law, increase the interest rate on this Note to 18.000% per annum. The interest rate will not exceed the maximum rate permitted by applicable law.
DEFAULT. Each of the following shall constitute an event of default (Event of Default) under this
Note.
Payment Default. Borrower fails to make any payment when due under this Note.
False Statements. Any warranty, representation or statement made or furnished to Lender by
Borrower or on Borrowers behalf under this Note or the related documents is false or misleading in
any material respect, either now or at the time made or furnished or becomes false or misleading at
any time thereafter.
Insolvency. The dissolution or termination of Borrowers existence as a going business, the
insolvency of Borrower, the appointment of a receiver for any part of Borrowers property, any
assignment for the benefit of the creditors, any type of creditor workout, or the commencement of any
proceeding under any bankruptcy or insolvency laws by or against Borrower.
Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or
condition contained in this Note or in any of the related documents or to comply with or to perform
any term, obligation, covenant or condition contained in any other agreement between Lender and Borrower.
Creditor or Forfeiture Proceedings.By the commencement of foreclosure proceedings, whether by
judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower or by
any governmental agency against any collateral securing the loan. This includes a garnishment of any
of Borrowers accounts, including deposit accounts, with Lender. However, this Event of Default
shall not apply of there is a good faith dispute by Borrower, as to the validity or reasonableness of the
claim which is the basis of the creditor or forfeiture proceeding and if Borrower gives Lender written
notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surely bond for
the creditor or proceeding in an amount determined by the Lender, in its sole discretion, as being an
adequate reserve or bond for the dispute.
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Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor,
endorser, surety, or accommodation party of any of the indebtedness or any guarantor, endorser,
surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of,
or liability under, any guaranty of the indebtedness.in the event of a death, Lender, at its option,
may, but shall not be required to, permit the guarantors estate to assume unconditionally the
obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any
Event of Default.
Change in Ownership. Any change in ownership of twenty-five percent (25%) or more of the
common stock of Borrower.
Adverse Change. A material adverse change occurs in Borrowers financial condition, or Lender
believes the prospect of payment or performance of this Note is impaired.
Insecurity. Lender in good faith believes itself insecure.
Cure Provisions. If any default, other than a default in payment, is curable and if Borrower has not
been given a notice of a breach of the dame provision of this Note within the preceding twelve (12)
months, it may be cured (and no event of default will have occurred) if Borrower, after receiving
written notice from Lender demanding cure of such default: (1) cures the default within five (5) days;
or (2) if the cure requires more than five (5) days, immediately initiates steps which Lender deems in
Lenders sole discretion to be sufficient to sure the default and thereafter continues and completes all
reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
(2)
LENDERS RIGHTS. Upon default, Lender may declare the entire unpaid principal balance on this
Note and all accrued unpaid interest immediately due, and then Borrower will pay that amount.
JURY WAIVER. Lender and Borrower hereby waive the right to any jury trial in any action,
proceeding, or counterclaim brought by either Lender or Borrower against the other.
ATTORNEYS FEES; EXPENSES. Lender may hire or pay someone to help collect the loan if
Borrower does not pay. Borrower will also pay Lender the amount. This includes, subject to any limits
under applicable law, Lenders attorneys fees and Lenders legal expenses, whether or not there is a
lawsuit, including without limitation all attorneys fees and legal expenses for bankruptcy proceedings
(including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited by
applicable law, Borrower will also pay any court costs, in addition to all other sums provided by the law.
-4-
GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with
federal law and the laws of the State of Virginia. This Note has been accepted by Lender in the
State of New York.
DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $23.00 of Borrower makes a
payment on Borrowers loan and the check or preauthorized charge with which Borrower pays is later
dishonored.
YIELD MAINTENANCE. The Note may be prepaid by the Borrower in its entirety at any time by
remitting to the Lender the present value of the balance of unpaid installments on the date of payment at
an interest rate of one hundred basis points less than the interest rate stated above.in addition, Borrower
will remit to the Lender any accrued interest fees, late charges, and sales/uses or property taxes due or
payable.
RATE ADJUSTMENTS. The Borrower does hereby acknowledge and consent that upon each
Adjustment Date, which is defined as the due date of the 60th installment form the commencement date
and the due date of each 60th installment thereafter, the Lender shall have the right, as its sole option and
discretion, to make adjustments to the above Interest Rate and Installment for the remainder of the term of
the Loan. Borrower agrees to make all installments at the rate imputed by adding to or subtracting from
the above interest rate, the proportionate change in the three month average of the five (5) year U.S.
Treasury Note rate as indicated in the Wall Street Journal prior to the last day of the respective 60 month
interval from the current base T-Note rate of %.
GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights or remedies under
this Note without losing them. Borrower and any other person who signs, guarantees or endorses this
Note, to the extent allowed by law, waive presentment, demand for payment, and notice of dishonor.
Upon any change in the terms of this Note, and unless otherwise expressly stated in writing, no party who
signs this Note, whether as a maker, guarantor, accommodation maker or endorser, shall be released from
liability. All such parties agree that Lender may renew or extend (repeatedly and for any length of time)
this loan or release any party or guarantor or collateral; or impair, fail to realize upon or perfect Lenders
security interest in the collateral; and take any other action deemed necessary by Lender without the
consent of or notice to anyone. All such parties also agree that Lender may modify this loan without the
consent of or notice to anyone other than the party with whom the modification is made. The obligations
under this Note are joint and several.
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(3)
prior to signing this note, borrower read and understood all the
provisions of this note and the notice to cosigner set forth below.
Borrower agrees to the terms of the note.
Borrower acknowledges receipt of a completed copy of this
promissory note.
BORROWER:
Bridgeline Capital Solution
By:
LisaWallace,
President of Bridgeline Capital Solution
Borrower:
Individually, Signer
NOTICE TO BORROWER. The Lender can collect this debt from Borrower without first trying to collect from the Borrower in case of default. The Lender can use collection methods such as suing you, garnishing your wages, etc. If this debt is ever in default, that fact may become a part of YOUR credit record. The Lender has the right to review and have a final assessment done and request additional coverage/insurance anytime during loan.
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