Abundant Life
Amendment™ Article – 7
Credit and Insurance Reform Act
PART - 1 Starting on the First Day of the First Year following acceptance
of this proposal as an Amendment to the Constitution, the language of this Amendment will become Law.
PART – 2 The langue of this Amendment will be binding upon anyone reporting
any information to any Credit Bureau and upon any Credit reporting agency.
PART – 3
The Right’s of the people to a Free
Annual Consumer Credit Report will include within those Rights, a report showing the person’s Credit Score for each
month over the past Twelve (12) months prior to the issuing of the report. All Reports will come directly from the Credit
reporting agency within Seven (7) Days of an annual request of information, or an inquiring by an authorized member of the
reporting agency. Without a Court order, no one will have access to any information in any report compiled under the language
of this Amendment that is not a registered member of the reporting agency who has shown need of the report requested; this will include request by law enforcement, spousal request and/or a care taker’s
request that is not documented as being authorized..
PART – 4 The right to use a persons Credit information or score
for anything other than the granting of Credit is prohibited; accept as may be allowed in this Amendment and it’s Application
Guidance Section; and no rights secured by this Amendment can be waved or altered; and no fees can be charged to the person
the report pertains too by anyone seeking lawful use of credit information, or by the credit reporting agency.
PART – 5 No credit reporting agency will store any information pertaining
to any US Citizen in any non-US storage facility of any kind; nor, transmit any information outside of the United States without
written permission of the person(s) the information relates to. Note: Physical written permission is required and not computer
transmitted or verbal (phone) written permission is required for all non US transmissions. A fine
of five hundred dollars ($500.) per unlawful transmissions, or a fine of up to ten million dollars ($10,000,000.) for multiple
transmissions which ever is higher will be enforced. Also; anyone obtaining a persons personal information lawfully or illegally
and transmitting it outside of the United States without written permission will be subject to the same fines;
and if illegally gained, will also be subject to not less then eight years (8) in prison. Financial Institutions of any
type, foreign or domestic, that have here-to-for transferred personal information outside of the United States will bring
all information into compliance of this Amendment within one (1) year of the acceptance of this Amendment or face the penalties
of this PART and will be barred for seven (7) years from having access to any personal US financial information. If a legitimate foreign need of the information is required, the foreign inquirer can contact a US authorized provider of the information, with the information being reviewed in the United States and not removed from the US; and they (the foreign requester) can make their decision
based on that review.
NOTE: With the advent of the computer age, just about anything someone
wants to know about you can be found on the internet. Personal financial information has-to-be protected in every way possible
as to not allowing it to be exported via the internet, or any other means and must be given top priority by all having access
to it, as it relates to the security of the information. If a legitimate foreign need of the information is required, the
foreign inquirer can contact a US authorized provider of the information, with the information
being reviewed in the United States and not removed from the US;
and they (the foreign requester) can make their decision based on their review. I know that their will be those that will
say – this will slowdown commerce, especially in international trade – but, the need for security far outweighs
the need for speed.
PART – 6 The United States Government and the State’s Governments
will have the right to access personal financial information of anyone seeking employment involving security, security clearances
and/or other areas where a picture of a persons overall life’s activities may be a factor. Note: this is not to insinuate
a person with a lower credit score, or other financial problems would be less that a very honorable person; and this should
not be the strongest of determining factors.
PART – 7 The language of this Article shall be deemed superior
to any powers and laws of the federal government; laws or rights of the states, or parts of the Constitution where it may
be in conflict.
PART - 8 The Congress
shall have power to enforce by appropriate legislation the provisions of this Article.
PART - 9 The Title
of this Amendment will be known as: Abundant Life Amendment - Article Seven.
PART – 10 The languages of this Article and Application Guidance Section can only be amended by a majority vote
of the People via a Public Referendum.
Application Guidance Section
SECTION – 1 Any account that has been paid off and closed for One (1) Year
and did not show any negative activity during the last year of being active, will be removed from all Credit Reporting. If
it had shown negative activity during that last year of being active it may remain on Reports for up to three (3) years.
SECTION – 2 Any inquiries into to a persons credit information that does
not result in the granting of credit will be removed from the account after sixty (60) days from its listing.
SECTION – 3 Bankruptcies will
be removed from all credit reporting activity subject to the following: If after three (3) years of its filing and reporting
on a Credit Agencies Report and no negative reporting was filed on that report by anyone during that three (3) years, it will
be removed from all records keeping of the Credit Agencies reports. If negative reports were filed and not corrected because
of error, Bankruptcies may remain on the reports for up to five (5) years
SECTION – 4 No Credit Report will be allowed without the written approval of the Person whose Credit Report
is being requested; and no list of credit worthiness of persons listed by any credit reporting agency will be sold or used
by them for any commercial activities.
SECTION
– 5 Credit that has been granted at a certain
percentage of interest will not be effect by any new agreement(s) unless the new agreement(s) offer a less percentage of interest
and a less total cost of the final payoff of the amount being adjusted by the new agreement(s). Example
– if you had a car loan at 7% interest and wanted to trade it in for a different car and still owed $4,000 on the trade
in car and were borrowing from the same loan company – and you needed another $8,000 to buy the new car but the interest
rate for the new loan was 8% – for a total new debt of $12,000 – only the new amount borrowed of $8,000 would
be billed related to the 8% interest and the old amount of $4,000 would remain at the 7% rate; any single payments made on
the loan would be applied 50/50 to both balances until the lower balance is paid off where upon, the full amount would be
applied to the balance owed. Any cohesion with an affiliate (or any other by recommendation) to circumvent the language of
this SECTION by directing the total value of the new loan to another, so as the new total would be at the higher interest
rate, will be subject to a fine of ten (10) times the full value of the loan and one (1) year in prison for those involved.
SECTION – 6 Credit rates can not be raised on any account based on anything other the payment history of that account.
Example: if your Credit Score or rating was lowered by a late/or missed payment of an account – and your other accounts
were not effected by the late/or missed payment – the other accounts can not use that lower Credit Score information
to adjust anything within their own accounts. Credit reporting agencies must reveal in their reports and to the affected party,
the reason that a negative change was made in their report with a lower Credit score within seven (7) days of its lowering.
NOTE: Sometimes a dispute will arise with a credit granter and a late payment, or missed
payment, may be the result of the dispute allowing the credit granter to file a poor credit rating; which other credit vultures
will eventually feast upon. Right now (today) Millions of hard working and honest Americans are having their financial bones
picked clean by the buzzards from the Insurance Companies and others who have taken advantage of their loss of good paying
jobs and reduced incomes; and by Politicians who are more than willing to make sure the buzzards have plenty to eat, as they
too feast on the droppings the buzzards leave for them in their political coffers. A person’s Credit Score is the MOST
IMPORTAN financial information there is (PERIOD) – It determines how much you pay for just about everything you buy
that you do not use cash for; and it determines how much you pay for things that have NOTHING TO DO WITH CREDIT: Car Insurance,
Home Owner Insurance and your Employment and maybe in some cases even your Health Insurance. Let me assure you, I am not against
having a Righteous and Responsible way of verifying a persons financial background; but – even with the once a year
free Credit Reports you are allowed to get - you do not get your Credit Score, unless you are willing to
pay for it. Why is it (?) that Citizens of the United
States should have to pay to see their own personal
information; yet that information is sold to someone else for them to profit from and sold without their permission? Answer
– greed. Statistically speaking, Insurance Companies will say, a person with a lower credit score is more likely to
also be a bad driver and cost them more money; or a person with a lower credit score may be a careless home owner and might
burn their house down; and for the employer, a person with a lower credit score might be someone that would steal from them
because they are not able to handle their own financial affairs properly; or whatever. Question; why does the Government allow
the poorer and needier of the United States to be subjugated to the corruption of a credit reporting system that is filled
with errors, has no over sight and is unrelenting in its’ greed?
SECTION - 7 The Three main Credit Reporting Agencies, TransUnion, Equifax and Experian will be allowed,
in a part, separated from any other financial recordings of their records keeping activities, record the following records
of activities: (1st) – Records that relate to credit information: Loans, Credit Cards, or any other area
where money is subject to a promise to repay because of an advancement to the benefit of the borrower from a licensed and
registered lender; this set of records will be the only records that will have a Credit Score attached or involved with it;
also, all credit reporting agencies will use the same calculations as it relates to the finding of a credit score; and must
reveal in any report sent to the person that the report is about, the table, or chart, showing how it was used in deriving
at the Score. Any request for personal credit information must fully show the name of the person making the request (not just
the company name) and the reason for the request and no use other than the reason stated may be used of the information or
shared with any other for any other reason; including, in-house departments the information was not requested for and/or affiliates.
Any reduction of a Credit Score will require notification to the person who’s Score was reduced by the Credit Reporting
Agency with in seven (7) days of the reduction and the reason why. (2nd) - The same Credit Reporting Agencies (and
any new ones should they become active) will have the rights to establish separate compliance records on behalf of and benefit
of Landlords and others involved in the renting or leasing of residential or commercial properties. Anyone using these services
must register with a validated Federal, State, or Local registration number showing that they are a registered Landlord. There
will be no type of Score (Credit Score) as part of this record; and no part of this report will be given to, or revealed to,
anyone outside of the lawfully registered requesters. (3rd) - Areas where credit is granted in the form of use
and then pay upon the amount used, such as, Electric or Gas bill, Water and or Sewer, Phone, etc., will again be divided into
a separate records keeping and that information will only be available to those who are registered and have a need to know.
In parts (2) and (3) of the above – only the past eighteen (18) months will show on any report; also those listed in
the above parts may charge a security deposit for new services of up to, but not more than, fifty percent (50%) more of a
normal security deposit if the records show late or missed payments. Any payment made within Ten (10) Days of due date will
not be treated as late; and any amounts where an arrangements of payments have been agreed upon before becoming late, will
not be treated as negative on any report unless the one under obligation does not fulfill the agreement.
SECTION – 8 Anyone not authorizes to review, or uses in a non authorized manner, any information in any report, will
be subject to a ten thousand ($10,000) dollar fine and three (3) years in jail if it is ruled to be an intentional act, to
embarrass or cause harm to the person the report is about, or the report is made public in any manner by anyone having access
to the report without the permission of the one the report is about.
SECTION - 9 No credit information will be used by anyone in the insurance
industry as it relates to: Auto Insurance – which will be based on the value of the vehicle, the driving record of its
drivers and responsible claims of the drivers within the past four (4) years; examples of non-allowable evaluations are: Zip
Codes, miles driven daily and any other discriminating values. Homeowner or Renters Insurance – will be based upon the
value of the property being insured and any history of repetitive claims being filed unrelated to occurrences of nature or
criminal acts of others: Health Insurance – will have no access to personal financial information as it may relate to
the cost of Health Insurance. Any other areas of commerce that can not demonstrate by a true need of access to any of the
subject matter of this Amendment will also be barred.
NOTE: Why
should your landlord have and/or need your personal banking history reports and credit card information, just to rent you
an apartment or house? Why should a car insurance company need anything other than you driving record and
the value of you car to determine what your insurance should cost? Why does an employer have the right to your personal banking
information and the right to decide your employability on it? The answers, greed, greed, greed, - supported
by your State and Federal Representatives.
If after reviewing this proposal
you favor it - please petition your elected State and Federal Officials and let them know of your support of it and of your
desire to have it become part of the Constitution.
www.firstgov.gov
On His behalf – James
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SHILOH-james™ P.O.
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Please give serious thought to the following:
That which is last shall be first (Article - 7) and that which is first shall be last (Article - 1)….7-6-5-4-3-2-1™
- that is the order in which that you should have your legislators vote on supporting the proposals as amendments. There will
be those who will try to delay the passage of some of the Articles in hopes of trying to find away around the Righteousness
of the proposals for personal and/or political gain and advantage on behalf of themselves (and especially their major political
contributors) by enacting Article - 1 first as an attempt to delay some of the proposals.
PS: I am sure that this proposal lacks some of
the grammaticalness that should be part of its linguistics; however, having only a computer spell check and thesaurus - along
with my eighth grade education as a prove reader – some grammar as need be, will be adjusted “BY ME” - but
the intent of, or spirit of the proposal will remain the same and no corrections by anyone is allowed without my written permission.
- James
The words SHILOH-james,
Abundant Life Amendment, A Righteous Approach and the numerical numbers …7-6-5-4-3-2-1 as used in identifying the recommended
order of acceptance into law of the Amendments, are Trade Marks of SHILOH-james.
