In this episode of BizBlend, we dig into the controversial topic of alleged credit card debt with author and legal researcher Tommy Kilpatrick. Tommy reveals how most bank-issued credit cards may not legally constitute true debt and outlines the systemic loopholes that allow consumers to challenge these claims. If you're a business owner, founder, or finance professional carrying high balances, this episode may just shift your entire perspective on consumer credit. Tommy walks us through the legal gray areas, the importance of language in debt enforcement, and how he’s helped thousands remove such entries from their credit reports.

About the Guest:
Tommy Kilpatrick is the author of Forgive and Forget: How to Nuke Your Credit Card Debt. A former CPA-in-training, Tommy has challenged major banks in federal court and uncovered how many credit cards operate without legal promissory notes or actual debt contracts. He offers consultations to individuals and companies struggling with bank-issued card debt, helping them leverage legal tools and financial literacy to fight back.

Key Takeaways:

• Many bank-issued credit cards do not meet legal definitions of debt due to the absence of invoices or promissory notes.

• Banks profit from fees on what may be inaccurately labeled as "credit," leveraging free checking accounts masked as debt systems.

• Business owners and individuals can challenge these structures by demanding evidence, often resulting in credit report deletions.

• Credit card agreements often lack the transparency of traditional loan documentation, leaving room for legal questioning.

• Tommy shares how to file an injunction that forces banks to produce valid debt proof — a tactic that’s worked in thousands of cases.

Connect with Tommy Kilpatrick:

• Book a free 15-minute consultation: https://www.diy-debtrelief.com/

• Facebook: https://www.facebook.com/profile.php?id=61571446316625

• Book: Forgive and Forget: How to Nuke Your Credit Card Debt (free with consultation)

• Amazon Book: https://www.amazon.com/dp/B0D1DV398C?ref_=cm_sw_r_ffobk_cp_ud_dp_TABG4YT3DN97G3VGCE7F.

  Email: [email protected]

• Message from the guest:

  "Please don't shoot the messenger. I see myself as the accountant who discovered this massive bank fraud. Not unlike this guy:
  Newsweek:
  https://www.newsweek.com › letitia-james-fraud-accusation
  Apr 24, 2025 — Sam Antar, the financial expert who accused New York Attorney General Letitia James of mortgage fraud, released new documents this week as part of his ...

  1.⁠ ⁠Banks don't lend money: https://www.educatedinlaw.org/2017/03/banks-dont-take-deposits-banks-dont-lend-money/#

  2.⁠ ⁠Banks must have a promissory note for the bank to grant a loan.
  https://upload.wikimedia.org/wikipedia/commons/4/4a/Modern_Money_Mechanics.pdf

  The Federal Reserve says the only way a bank can make a loan is if you first sign a promissory note to pay and the bank will enter numbers in your free checking account. Page six, right column, second paragraph, second line.

  3.⁠ ⁠Fraud undoes all contracts.
  https://casetext.com/case/vokes-v-arthur-murray-inc

  The bank says you used the card, therefore you are contracted to our terms and conditions, but Hirschman v. Hodges, etc., (1910) In this case, the Florida Supreme Court found that a contract could be rescinded based on fraudulent misrepresentation.

  Banks match your deposits and all you have to do is to withdraw it and close the account; the same when the bank gave (GAVE YOU) a bank-issued alleged credit card that was in fact a “Gift Card” to induce you to be a customer, in this video he explains how to get free money from the bank: https://youtube.com/shorts/CbGSRvHgbKQ?si=9WOLMhxBMbKA6OtQ

  Dave Ramsey on CC Debt Relief Companies that scam you.
  https://youtube.com/shorts/MgEJIocyefc?si=43SEAZY4gphYPxw- "

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