Review of the Liberty Debt Elimination System

I’ve had a lot of experience with Brilliance in Commerce and their Liberty Debt Elimination System. My goal in this review is to be factual and balanced about what I’ve learned so that the reader can make an informed decision.
The Premise and the Promise
The Liberty Debt Elimination system is based on a simple but stunning fact: when a loan is funded, new money is created out of thin air. The bank does not lend it’s money to you. That’s right… surprise, surprise, the bank is a Pretender Lender: they get paid from you but they never gave you a thing in the first place! While the bank likes you to THINK they gave you money and they also like you to THINK you should pay them back, the basics of a contract say the opposite – you only need to pay back what they lent and thus you owe them nothing. You can Google “Credit River Decision” to see one of the seminal cases where a borrower put foot to the bank’s ass over a mortgage based on this fact.
OK, bankster, sign this affidavit affirming you lent me money or drop the debt!
This is the core of the Liberty Debt Elimination System – and in an ideal world, it would be that simple: you would challenge the bank to admit they didnt lend you penny and they would not sign the affidavit but instead just cancel the debt. But while that does happen sometime, you can expect some huff and puff and smoke and mirrors resistance.
3 Levels of Resistance from the Pretender Lender
If the Pretender Lender does not fold when they receive your affidavit, then they will try to break your back with legal tactcs. You will need money, time and a lawyer to deal with their calculated bluff. They are hoping you dont have money for a lawyer. They are hoping you don’t have time and money for court filings. And finally they hope that you cannot appear and then handle a court appearance successfully.
In the “true story” section below, you will see just how taxing that can be.
Additional Fees
In addition to purchasing the Liberty Debt Elimination System you may need a lawyer and fees to do court filings. Not to mention getting off work to appear in court.
Figure out your overall cost
So, the first thing to do when considering this system is to add up all of the debt and then ask yourself do you also want to pay an attorney and filing fees? How many debts do you have? Will you have the time to handle filings for various banks? This is where a free intake would be good. Certain banks will fold at your first challenge. Others will do everything their power to win by making your life miserable – they know they can’t win the court battle but they do know how to try to win on technicalities before the hearing.
A True Condensed Account of the System
So, let’s look at an authentic secondhand experience with the Liberty Debt Elimination System from end to end. I was reading a newsletter from Brilliance in Commerce (the creators of LDES) and noticed that a purchaser of LDES, named Keiki, needed financial contributions to help with court filing. So I sent her a little bread and she added me to a mailing list to keep me abreast of her journey to debt freedom.
Filing a Court Case is Demanding
The filing has be done right, then proofed by an attorney and then submitted. it is a rather demanding introduction to the World of Law, but it can be done. She did it. But it was not easy or free in terms of time or money.
2 of 3 thrown out, 3rd one almost successful
Not only was the first one thrown out, but the company paid her $250. The second one was cancelled with no money paid to her. In the third case, she didnt complete filing in time and thus was judged against. Even so, they havent demanded that she pay them.
Conclusion
I’m familiar with a number of approaches to dealing with debt:
- The What Lies in Your Debt training is excellent. One member of this newsletter has gone through their training and can tell you about it.
- Debt settlement
- Bankruptcy
- just walk away
- Buy it out with corporate funds so it disappears from your personal report (my favorite)
And I’m also familiar with the Liberty Debt Elimination System. LDES does have a very long track record of success. And if the debt were sizeable then it might be worth using LDES to cancel the debt.
But the primary approach I’ve personally used is to get corporate funding and move the debt to the corporate side. This allows me to play along with the Pretender Lender and get more funds from them later. And with the new funds I can put the funds to good use – investing them in something with solid high yields that pays the debt service and gives me some profit as well.
Can you provide more information on what you mean in #5 by buy it out with corporate funds?
Also some clarification on #4 walk away –
what are the ramifications to just walking away with continued collection efforts, potentially getting sued
How does just walking away compare to the Liberty Debt Elimination System (LDES)?
Once the LDES is started, can you still walk away if it doesn’t work? Or are you indicating there is there more risk of having to address legal threats that get triggered?
Hi, regarding “Can you provide more information on what you mean in #5 by buy it out with corporate funds?” …. what I mean here is that you obtain 0% interest corporate credit cards, and transfer the debt to them so it is now corporate debt and the personal credit file no longer shows the debt.
Regarding “what are the ramifications to just walking away with continued collection efforts, potentially getting sued” … the honest answer is: “I dont know because I’ve never done it. A friend of mine once did and they eventually left her alone”… but your point about getting sued is important. Because once when an organization (Understand Contract Law and you Win) reviewed my debts, they told me which ones to simply quit paying but they made it 100% clear not to try that with American Express because they are known for filing lawsuits in this case.
Once you quit paying and you start getting letters, then they were going to handle the rest of the “lenders” from there. But I went down path #5 of buying out the debt with corporate credit cards.
Thank you for your reply.
Can you provide info or point to additional resources on buying out the debt with corporate credit cards?
1) how to obtain them (as sole proprietor without a separate corporate credit score)?
2) after moving balance to the corporate card, then what?
3) What is the website or contact info for the organization ‘Understand Contract Law and you Win”?
4) do you have any recommendations for law coaches familiar with the Liberty DES and other strategies?
Yes, I use Fund and Grow for that purpose. Here is my affiliate link:
https://llclick.com/bs2zbctz/deb
I’ve used with 3 or 4 times over the past 5 years… all of my posts about them are here:
https://mymoneymagick.com/?s=fund+and+grow
They can setup an LLC for you if you dont have one.
Once balance is moved then you pay it off at 0% interest. Unless you know someone who could advise you in not paying at all. I received such advice from Understand Contract Law and You Win but decided to go ahead and pay mine down.
Understand Contract Law’s website is – https://understandcontractlawandyouwin.com/
I have a friend who trained himself using the material “What Lies in Your Debt” available at clickbank. … LDES has lawyers … you might look at this material – https://www.youhavetheright.com/ … they are having some successes.
Thanks wizard. I appreciate the additional info.