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hello and welcome back to the show today
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I want to have a look at the bills of
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exchange now you may remember I've had a
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gentleman called Mike halt on the show
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several times um explaining how the
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bills of exchange can help people pay
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those rather nasty utility bills or
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bills from the government and just to
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give this some sort of credence I
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suppose I have um paid off my water bill
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with one of these and the first time
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they accepted it no problem uh for about
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Ā£300 the second time they pushed back
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and I used different methods to sort
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that out um however uh Mike has sent me
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and we will get him back on the show to
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explain this in more detail and other
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things that he is doing but he has
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explained um he he's put together a
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separate website now um or a separate
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web page I suppose is a better way of
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describing it uh which makes it a bit
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easier for people understand now also to
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give this credibility uh I have had
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gentleman get in touch with me and said
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that he using the bill of exchange and
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basically his signature his his
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signature um has paid off his mortgage
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completely cleared it Ā£130,000
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and that may make people go what what do
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you mean so he did the bill of exchange
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he signed off the thing and it went
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quiet for a while and then when he went
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to check his mortgage account to see how
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much she was owing he found it had all
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been settled that is quite startling I
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think you'll agree and other people who
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have had uh utility bills electric bills
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and things have also used the same
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method and of course in these times in
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which everybody is finding it very very
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tight people are being evicted from
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their houses or they're having debt
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collectors coming along I thought I
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would share this method with you of
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course what it does effectively as I
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understand is using your legal fiction
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the name on the birth certificate or the
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certified entry of Entry the crown
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corporation's legal fiction to settle
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the account which um is is either coming
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off your trust fund um or it is uh being
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used to go onto the the financial
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instrument that you effectively make is
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going onto the um the the shares and
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things the stock market and and then
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it's being being utilized to make money
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for the company that you sign for as far
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as we're concerned as long as our bills
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are paid and we haven't had to delve
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into our own private funds so much the
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better so I thought I'd just take you
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through this web page I'll leave the
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link in the description and you can do
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it now please you know do your own due
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diligence this is not Financial advice
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this is not uh legal advice or anything
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like that I am simply sharing um a
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process that a number of people have
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used and found worked uh there will be
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push backs of course but according to uh
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this web page then the bills of exchange
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if they have accepted it and uh you
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don't get the financial instrument
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returned within 28 days then legally as
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I understand it that means that it has
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been accepted uh and I believe that's
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what happened with when I dealt with the
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council tax last year so let's have a
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look anyway and see how we get on so
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here we go how to create uh uh the bills
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of exchange and the website here says of
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course keep your cash in your pocket
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understanding and using the bill of
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exchange to legally settle all bills
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sent by the government corporation
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without spending your heard earned cash
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it goes into a little bit of um
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information about how that or rather
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what it is uh and all of that but the
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bit that I want to um get to is the
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mechanics of it because this does seem
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to be very advantageous for a lot of
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people um and again just to reiterate
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you know you've got to take on board
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that you may well have bit of push back
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there may be a bit of fear but if you
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hold your nerve it ought to And I stress
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ought to come out all right so how does
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the bill of exchange work the mechanics
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are straightforward but rely on precise
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execution so you get a bill from the
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government or a utility bill um so you
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know don't go after small family run
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firms and things like that these are
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really the big
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corporations um who understand how this
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works uh it could be a fine it could be
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a toll notice or it could be any other
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demand and as I say I did deal with this
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on the council tax the issue of the
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organization that sends the issuer is
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the organization that sends you the bill
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you create the Bill of exchange you the
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alleged deta follow the steps below to
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draft the document naming the Creditor
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I.E the issuer that's the people who
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sent you the bill um as the paye you
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mail the bill of exchange by registered
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mail and sit back back and wait for the
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response Now by law they should respond
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with a receipt but often they'll try to
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deny your bill of Exchange in other
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words they'll come back and say oh we
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don't accept that sort of thing so be
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prepared to handle any
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rejections um so you're not losing
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anything because you know at the end of
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the day if they say no we don't accept
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it you can of course just pay in an
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ordinary way uh you're not going to be
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shoved in prison or anything like that
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for attempting to pay by this method as
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long as you settle the account one way
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or another um acceptance or
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rejection the Creditor receives the bill
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of exchange and has a limited window
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typically 72 hours but you can set the
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time limit up up to 28 days if you wish
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to accept or return it if they keep it
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without objection without objection it
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is legally considered settled under the
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bill of exchange act that's the
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important thing settlement the debt is
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settled and the biller can take it to
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the bank for payment and and I believe
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that's that is simply um how it works so
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you can read the web page and I'll leave
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the link in the description so here are
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the it steps which I just thought I
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would run through briefly so you can see
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so it says here step one gather your
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materials original billing notice is
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sent by the uh government or whomever um
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always make a digital and paper copy of
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the document sent by the agency so that
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you have proof I.E the speeding ticket
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utility bill Etc so that you start
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creating a paper trail effectively it is
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your court case should you ever need it
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pen and paper you'll need a wet in
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signature for legal weight envelope and
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postage for sending back okay he says
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this is very important scan or
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photograph the bill as soon as you get
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it and keep the image in a folder
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dedicated to the bill of exchange always
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keep copies create a paper trail proof
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of receipt of the Bill of exchange you
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send back so they're you know the Bare
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Bones of it which is fairly simplistic
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uh step two draft the bill of exchange
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so um I'll give you an example of how it
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should look in a moment uh and we have
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done this on um previously but um it's
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always good to revisit some of these
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things so pay to the order the Bill's
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name without recourse uh so this is
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slightly different from how I did it but
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um if I think this is a an updated
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version um buy and this is where you
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sign and date you sign your name and you
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would normally do um you write your name
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below your signature first name of the
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uh of the house surname endorser and
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general executor sign it with your usual
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signature in blue or red if you wish no
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digital signatures date it for the day
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you post it this starts the 72-hour
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clock each time you create a bill of
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exchange click on the uh forms lip forms
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image below to generate authority to
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process the bill of exchange letter and
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you'll see on the website you can do
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this now I didn't do that I just signed
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it sent it off I did have some push back
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but eventually they must have accepted
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it because um I never received a
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liability order and it all went very
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quiet with the council tax but it I had
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a statement from the water company
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saying that it was settled so I had set
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a precedent with them even even though
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after making the video of course they
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were flurried with a number of people
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doing the same and then they pushed back
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quite heavily um if you know a specific
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person's name I.E the officer issuing
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the fine address it to them for added
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Precision or address it to the S the the
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I guess that's the um Chief finance
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officer of the organization you can also
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make a copy of the original and address
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it to the fraud department so now if I
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press this button we should see an
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example of how to do the bill itself and
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what you do and how you write it as you
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can see the information the personal
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information has been redacted here but
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that's not the point so we've got a$
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1,915 uh dollar uh bill here from
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something called AGL which presumably is
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an electric company in Australia but
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this works in this country as well uh
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and you can see this is how you do it it
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um in red ink as you can see so that uh
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it's all signed it's all basically in my
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mind what's going on here is as if
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you're you're turning this instrument
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this bill into a financial
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instrument and so it can be then
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effectively a pro promiser note of sorts
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so that it can be taken by the uh issuer
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to the bank and it and it will settle
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the account um
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um he says also add any other extra Bits
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of Paper that come with it um void as
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intio here which basically says not
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relevant nothing to do with it you know
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um and what have you uh so there it is
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you send it back step three place the
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bill of exchange you've created into an
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envelope and address it to the person or
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the organization department head if you
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don't have a name always send your bill
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of exchange by registered mail as we
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said tracking issues
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so that they cannot deny receiving it no
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need to get signature at the other end
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um although it's handy you po post your
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post office receipt is evidence that you
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sent it mail to the address on the
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notice don't call or email as verbal
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communication we weakens your paper
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trail and I would definitely say keep
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all your Communications via paper rather
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than emails or telephone calls I have my
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phone permanently on silent because I
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don't want them calling to me and
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changing jurisdiction in a conversation
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and uh here it is your 74h hour rule and
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step four if they don't return the bill
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of exchange within three days if you
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have given them longer to respond then
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don't do anything until that time
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expires follow up if they persist with
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demands and refuse to honor your bill of
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exchange which is what happened to me
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and with the council tax after the time
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limit no their response and lack of it's
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evidence that they've accepted the bill
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of Exchange in other words if they keep
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coming back to you um unless they return
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this bill this is my understanding
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unless they return it uh they have
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accepted it they might say we don't
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accept this we don't accept it and I had
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exactly that with the council saying
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well we don't accept it we don't accept
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it and I said well that's fine send it
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back send it back and I'll settle it a
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different way but they didn't and then
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eventually it just all disappeared
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once you have sent your bill of exchange
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or response letter do nothing wait for
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their response and then decide your next
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step often an organization will settle
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your account but neglect to confirm with
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a receipt you can and should write
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demand a legally formatted receipt
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notorized by the person responsible um
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but if you don't get a bill back then
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you know it kind of says it doesn't it
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check the next bill they send it shows
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the new amount this shows that they
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accepted the bill of exchange which is
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what happened to with the water bill
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because the water bill came and it said
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the last couple of payments and it
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showed that them were paid and here
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stand firm avoid phone calls um and if
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you do accidentally say I can't discuss
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this matter with the phone communicate
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by mail only keep the records of every
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notice they send anyway uh it talks
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about the things that can go wrong
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um which is worth looking at and um what
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to do when they don't receive uh when
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they don't honor the
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bill um and of course if they don't
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honor the bill and they don't return the
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um thing the financial instrument then
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um what another thing I I did was to
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send them an invoice and said well you
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haven't returned it so I'm sending you
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an invoice with the same amount these
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are all different tactics of course I'm
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not saying any of them are the perfect
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solution to anything but in this world
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where the government is uh causing chaos
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and Mayhem to people and putting the
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price up of everything taxing us left
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right and Center utility companies may
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not be acting um properly legally
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according to the jurisdiction that many
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of the utility companies particularly
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say with electricity are merely Brokers
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pretending to supply you with
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electricity when actually they're not
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doing that they're under a different act
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the credit act as I understand it then
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um we're just simply responding to that
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uh by saying fine I'll send your bill
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I'll try the signature as I say always
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have the money aside because you can
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always at the end of the day go and say
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okay I I'm fed up with the the fear and
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the pressure and the rejection of all of
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this you can at the end of the day pay
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um the way I look at it if if you want
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it to put it in a different way is you
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you get a bill it comes in and you go
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okay I'll settle that
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with your signature um but look at it
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this way you give them a gold bar I'm
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this is just a you know a way of looking
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at it they don't actually do this it's
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like you've given them a gold bar and
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then they come back and say well we
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don't accept gold bars and you go fine
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okay hand me my gold bar back and I will
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pay you in the normal way or another way
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if they don't hand you your gold bar
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back you've effectively given them the
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money you've they've they've they've
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accepted the gold bar your signature is
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effectively the gold bar that you create
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you are creating money with your
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signature that's how it works I'll leave
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the link in the description you have a
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look at it see what you think and um I
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will be back with more things soon and
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as I say we we'll get Mike uh on the
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show in due course and we'll go through
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it another time plus find out all the
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other things that he's doing um but I'll
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leave the link in the description and
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you can see for yourself how you feel
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about it this isn't financial advice
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it's not legal advice it is just an
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option that you might want to explore
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for entertainment purposes only till
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next time goodbye
