© Copyright 2012 Unified
Numbering Foundation and
NumberCredit Summary
A 30 year loan amortized at just
5.3% (5.30404% to be precise)
doubles the cost of whatever you’re
buying. Then there’s credit cards
and other empty lines of credit with
bizarro interest rates of up to 36%.
These other silly kinds of credit are
based on “Usury” which have been
illegal across history, also come with
outrageous charges like; late fees,
normal use fees, special use fees,
reward redemption fees, reward
recovery fees, foreign transaction
fees, activity fees, lack of activity
fees, payment protection fees,
paper statement fees, electronic
statement fees, interchange fees,
over limit fees and etc.
All the above are ridiculous assaults
upon everyday people. And
although there has been some
public awakening which resulted in
hundreds of thousands of people
moving their money to credit unions,
it was only a drop in the bucket. The
big banks are still in the game,
ratchetting down on existing loans
and gorging away.
And it’s all possible due to credit
profiling which essentially forces
everyone to build credit by taking
out some useless, crappy loans. It’s
a must for anyone that might ever
want to get a loan to buy a house,
car or start a biz or etc, some day.
This rouse is controlled by credit
bureaus which are nothing more
than henchmen for the retail
banking industry. These entities
have somehow become the gestapo.
They are self appointed police over
everyone’s most sensitive, personal
information which they use to our
detriment in the form of threats to
harm peoples reputations to life
altering degrees. It’s effecting
careers, life and death medical care,
insurance and many other super
important areas in the lives of
millions of good people. Bankers
should have no business in such
facets of our lives. Nor should
monetary functions be publicly used
as an indicator of ones value to
society. There’s more to life.
And where do we go to rate banks
or other entities? What did you do
the last time you got screwed or
ripped off? Sure there’s the court
system, BBB, Consumer Reports, and
a long list of other places to get info
and/or complain about scams and
injustices but they’re just in it for
the money and are totally
disorganized. We need a better
The way we rate each other and
police organizations of all types
needs to change. People need a
centrally organized system to score
businesses, agencies, leaders and
each other within a network devoid
of monetary motivations. Such a
system is yet another incredibly
important thing we can create for
the betterment of society. That’s
NumberCredit and it’s going to be
an awesome tool.
And like everything with Unified
Numbering, building this new rating
system along with our own credit
union begins here and now with
10% of all contributions going to
building “OutBank”, If you can’t
beat em, OutBank em!