Create Debt Neutrality Rights for Paying Down Credit Cards & Student Loans.
  • Petitioning United Nations

This petition will be delivered to:

United Nations
Consumer Financial Protection Bureau Ombudsman
FTC
Ralph Nader P.O. Box 19312 Washington, DC 20036
Ralph Nader

Create Debt Neutrality Rights for Paying Down Credit Cards & Student Loans.

    1. Alessandro Machi
    2. Petition by

      Alessandro Machi

      Los Angeles, CA

Compromise regarding consumer debt is a powerful tool. Forgiving Debt can send the wrong message. But telling people to "get a job", or "get a second job" is flawed if the jobs don't pay enough to pay down a person's existing debts.

The compromise to both Extreme Debt related positions is to declare Debt Neutrality on the 3 trillion dollars in consumer debt that exists for credit cards and student loans.

Debt Neutrality starts with those who can afford to pay down their debts without taking on any new debt, provided the interest rates, penalties and fees are discontinued on their present debts.

After the first wave of consumers exercise Debt Neutrality and begin actually paying down their debts, the economy should begin improving as consumers with less and less debt actually have a touch more money to spend locally, which in turn should create new job opportunities for those still  out of work. This in turn helps states and cities generate more revenue.

The result could be a cascading affect of economic improvement that requires no government funds of any kind, just the release of the financial death grip that financial institutions have over many consumers via credit card and student loan debt.

What we need is for Congress to grant Debt Neutrality Rights, and then get out of the way!  Please follow the Debt Neutrality Petition on Facebook, http://www.facebook.com/debtneutrality and http://www.facebook.com/debtsuspensionrights

Recent signatures

    News

    1. You are one of 657 petition signers for the Debt Neutrality Petition.

      Alessandro Machi
      Petition Organizer

      Slow but steady change dot org signatures are still coming in for the Debt Neutrality Petition. You can use any of the artwork located at http://debtneutrality.blogspot.com/2014/09/debt-neutrality-petition-reaches-657.html for your facebook, twitter or blog accounts.

    2. A word about Robin Williams and Debt.

      Alessandro Machi
      Petition Organizer

      Did you know that Robin Williams had debt issues? Along with his recently diagnosed Parkinsons, Mr. Williams, one of the most spontaneously talented comedians to ever walk the earth, had too much debt that was not completely of his own doing. I think it's a wake up call when a brilliant mind is done in, in part by mounting debt that was part debt, and part opportunism by others, that just added to his over burdened mind. We just don't allow consumers to ever call time out for any reason, and that doesn't seem just to me.

    3. Update Debt Neutrality Petition.

      Alessandro Machi
      Petition Organizer

      Hi, would love it if our 643 supporters visited the petition page and copied the image and posted it on their facebook or blog page along with a request to sign it.

      http://www.change.org/petitions/united-nations-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans

      United Nations: Create Debt Neutrality Rights for Paying Down Credit Cards & Student Loans.

      Compromise regarding consumer debt is a powerful tool. Forgiving Debt can send the wrong message. But telling people to "get a job", or "get a second...

    4. Some Good News, You can Challenge Derogatory Credit Scores.

      Alessandro Machi
      Petition Organizer

      If you live an area that had a natural disaster declared and you defaulted on a credit card as a result, you can challenge the derogatory mark on your credit score. I like TransUnion and Experian for ease of use when it comes to fixing bad credit. Equifax I am still struggling with.

    5. Empathy Defeats Tyranny, but Anger defeats Empathy.

      Alessandro Machi
      Petition Organizer

      Best to be pro-active and support people with good ideas rather than be angry at somebody.

    6. Loss of Empathy.

      Alessandro Machi
      Petition Organizer

      The Internet can easily become a place where people separate along political lines. Empathy should transcend political lines, no?

    7. Please consider joining Debt Neutrality Facebook Page for more discussions.

      Alessandro Machi
      Petition Organizer

      Here is the link for joining my Debt Neutrality Facebook Page. https://www.facebook.com/DebtNeutrality

      Congress, Grant "Debt Neutrality" for millions of struggling americans.

      Congress, Grant "Debt Neutrality" for millions of struggling americans. 24 likes. If americans can lower their 3 trillion dollars in consumer debt WITHOUT raising taxes or asking for a handout, we will all benefit. Debt Neutrality grants those who are treading water on their monthly debt obligations the opportunity to PAY DOWN their debts by eliminating future interest rate charges, penalties and fees.

    8. We reached 600 signatures!

      Alessandro Machi
      Petition Organizer

      All credit card and student loan defaults should have the interest rates eliminated from the moment the default occurs. If you agree, please sign the Debt Neutrality Petition. Thank you.

    9. Debt Suspension Rights Files claim with FTC about the CFPB.

      Alessandro Machi
      Petition Organizer

      Please click this link to go to Debt Suspension Rights blog article about FTC and the CFPB. http://debtsuspensionrights.blogspot.com/2013/12/debt-suspension-rights-files-complaint.html

    10. A short documentary on how CFPB & FTC may fall short helping consumers.

      Alessandro Machi
      Petition Organizer

      I am self financing/producing a potentially explosive short documentary on how the CFPB and FTC are probably going to fail main street when their debt collection revisions are announced sometime in early 2013. My research shows that the context of what the CFPB and FTC will do regarding debt collection will supersede any change in corrupt credit card practices. The CFPB actually has sent out press releases implying that there are more complaints about debt collectors than credit card companies. It the CFPB and FTC truly believe this, we are truly screwed.

    11. CFPB welcomes consumer feedback in their "Regulation Room"

      Alessandro Machi
      Petition Organizer

      Debt Neutrality Petition has been commenting at the CFPB "Regulation Room". If you decide to register (it's easy) and if you also like any of Debt Neutrality Petition's comments, please consider endorsing the comment that you like. http://regulationroom.org/

      Welcome to RegulationRoom | RegulationRoom

      How about allowing arbitrators to not be bound entirely by the law, but also by common sense when it comes credit card defaults? Common sense tells us that if a Colorado flood washes away a community [...]

    12. Sudden Surge in Signatures.

      Alessandro Machi
      Petition Organizer

      I would like to thank all of those who helped with the sudden surge in signatures for this petition. Last time I had checked our petition was stuck at 81 signatures, suddenly there are 565 supporters. Thank you for realizing that slow and steady can in the end be more productive than trying to do too much too soon.

    13. Reached 500 signatures
    14. Debt Suspension Rights on Facebook!

      Alessandro Machi
      Petition Organizer

      Please like www.facebook.com/debtsuspensionrights.com on facebook. Debt Suspension Rights is a continuation of debt neutrality, but in a more encompassing manner. Please read the very short preamble on the DSR facebook page to see how well DSR is covering the top issues affecting consumers against unscrupulous wall street practices.

    15. Please visit my newest and most important blog, Debt Suspension Rights

      Alessandro Machi
      Petition Organizer
      Debt Suspension Rights

      Hi, this blog will be the most important blog I have ever created. We can give to the world the right to suspend certain debts if a REASONABLE scenario has arisen that will indeed interfere with a person's ability to work. There is a HUGE DIFFERENCE between Debt Suspension and Debt Forgiveness.

    16. Consumer Debt Levels Not all Roses.

      Alessandro Machi
      Petition Organizer

      Consumer debt levels are reported as dropping, but are they really? http://www.debtneutrality.blogspot.com/2012/12/consumer-debt-trends-not-all-roses-says.html

      Congress: Create Debt Neutrality Rights for Paying Down Credit Cards & Student Loans.: Consumer Debt Trends Not All Roses, Says Collection Firm Johnson Morgan and White

      This is exactly what I have been claiming, that overall consumer debt levels are higher because of third party debt collection activities and court actions. Plus, cars have aged, that is why auto debt is down. Please consider signing the Debt Neutrality Petition by by clicking here.

    17. We now have petition signers from 19 States and 3 Countries!

      Alessandro Machi
      Petition Organizer

      Thank you to Texas, Washington, New Jersey, Nevada, California, New York, Massachusetts, Ohio, Maine, Colorado, Minnesota, North Carolina, Oklahoma, Illinois, Florida, Pennsylvania, Kansas, West Virginia and Iowa, plus Australia, Costa Rica and the U.K. for signing the petition so far! We are now at 51 signatures!

    18. Wall Street Journal also Believes that more Consumer Debt is Good, Gasp.

      Alessandro Machi
      Petition Organizer

      Wall Street Journal actually thinks that increasing consumer debt to levels last seen in 2008 is a good thing. I couldn't make this wackiness up. It bears repeating, THERE is TOO MUCH CONSUMER DEBT in the World.

    19. Reached 50 signatures
    20. More International news about consumer debt.

      Alessandro Machi
      Petition Organizer

      New Zealand awards contract to keep consumers aware of saving energy and consumer debt.

    21. In Greece, Rich Tycoons are paying Greece's Interest Rate Tab!

      Alessandro Machi
      Petition Organizer

      Something doesn't make sense when elite investors are basically fronting Greece the money to pay those same investors back the interest on the debt that Greece Owes. The Emperor's New Clothes and never ending interest rate charges on ever rising consumer debt, both are accepted as valid. Why?

    Supporters

    Reasons for signing

    • Andrew Barclay INDIANAPOLIS, IN
      • 7 days ago

      Help pay off student loan debt

      REPORT THIS COMMENT:
    • Thelma Taykir INGLEWOOD, CA
      • about 1 month ago

      I'm a victim of a bank of America/Countrywide/Recontrust/MERS stealing my property. Auction my property to one of there investors. Then transfer the service contract to nationstar shortly after the auction. Wash there hands quickly. THEY ALL HAVE BLOOD ON THEIR HANDS

      REPORT THIS COMMENT:
    • Joanne Howard PHILADELPHIA, PA
      • 2 months ago

      My daughter has $85,000 in school debt with a minimum wage job.

      REPORT THIS COMMENT:
    • Lisa Hoffman MIAMI, FL
      • 2 months ago

      I have been ruined by a degree that I did not even get a chance to work in based on the greedy behaviors of the financial institutions. My original loans with combined before I left school not giving me full discloser that I would not be able to refinance the loan again so have had to defer payments in hard time that has driven the loan up to a crazy amount.

      REPORT THIS COMMENT:
    • Mary B. Winfield SHELTON, CT
      • 2 months ago

      Who will sponsor such a bill in the US Senate or House of Representatives? This petition needs congressional action and active sponsorship.

      REPORT THIS COMMENT:

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