In This Video, You’ll Learn:
? Why most collectors don’t have the original agreement
? What “holder in due course” means and why it matters
? How your promissory note may have funded the loan
? How to send a debt validation letter and challenge standing
? How to use UCC 3-305, FDCPA, and TILA to protect yourself
? How to demand full proof of the original loan, funding source, and chain of assignment

???? Take Back Control:

???? Download My Debt Validation + Proof of Claim Challenge Kit:
(Become a affliate)
???? Get My Complete Debt Guide & Learn How to Challenge Loans Legally: ????
??https://stan.store/nburns/p/the-complete-debt-guide

????????? Apply for My 1:1 Mentorship & Get Personalized Help: ????
?? https://form.typeform.com/to/PrdlRNzz

???? Need Legal Help Responding to a Loan Dispute? Use SoloSuit! ????
?? https://www.solosuit.com/?irclickid=3Q9URYXCWxyKT6mSnGTaFx5iUksz0b18i1cx0U0&utm_source=Burns%20Mindset%20LLC&utm_medium=affiliate&utm_campaign=Burns%20Mindset%20LLC&utm_content=Online%20Tracking%20Link&irgwc=1

???? Follow Me on Instagram for More Credit & Finance Tips: ????
??https://www.instagram.com/biz.nick

???? Ever ask a collector to prove the debt — and they had nothing? Drop your experience in the comments.

???? Don’t forget to LIKE, SUBSCRIBE, and TURN ON NOTIFICATIONS — I’m showing you how to beat the debt system one truth bomb at a time.

Watch this before doing debt settlement to learn what they don’t tell you about that will happen after you start that process.

Need to Work on Your Credit?
???? Best Accounts to build credit – https://www.thecreditelect.com/best-credit-building-list
???? 4 Don’ts When Working on Your Credit – https://www.thecreditelect.com/4-donts-sp
???? Dispute Letter Library – https://www.thecreditelect.com/dispute-letter-library-sp
???? Credit Repair Services (Sale This Week):
https://www.thecreditelect.com/getstarted

Homeowner Looking to Save Money?
???? Save Money on Your Power Bill (for homeowners) & Get a $500 Gift Card with Solar Equipment & Installation – https://energypal.com/creditelect

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???? Follow me on Facebook – http://bit.ly/willfrazierfb

???? Follow me on Instagram – https://bit.ly/electig

???? Join our Facebook Group – https://bit.ly/creditelect

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Video Details:

DISCLAIMER: This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps to support the channel and allows us to continue to make videos like this. Thank you for your support!

The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. The national debt is frequently discussed as a danger to future generations, but some economists say there’s no reason to get the national debt down to zero. One reason for that is without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest. Most economist warn, however, that there’s a balancing act when it comes to the national debt. Watch the video above to learn more about why the U.S. can’t get a handle on the national debt and whether it even has to.

Chapters:
00:00 — Introduction
01:39 — The role of debt in the economy
03:28 — How debt can harm the economy
06:17 — The global economy

Produced by: Charlotte Morabito
Edited by: Amy Marino
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson

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Why The U.S. Won’t Pay Down Its Debt

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