The Financial Anarchist’s Cookbook

Some of Steven Katz’s tips for driving creditors crazy.

Celine Nadeau

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READ ALSO: “Credit terrorist” Steven Katz says you shouldn’t feel guilty about sticking it to Wall Street.

TAPE EVERYTHING. Record your calls with collection agents (if it’s legal in your state). When they say, “We can seize your car to repay a credit card bill,” you’ve caught them in a violation of the Fair Debt Collection Practices Act. Sue, and you could collect up to $1,000 plus damages.

GET IT IN WRITING. Under federal law, if debt collectors can’t provide written proof of a debt on request, they can’t collect it. If they try to collect anyway, sue them.

MAKE THEM BLEED. If you get sued, fight back. Countersue for something like loss of consortium (i.e. being too distressed to have sex with your spouse). Drive up creditors’ legal costs to the point where it’s cheaper to settle—or just leave you alone.

FLOOD THE SYSTEM. Hide from creditors by seeding their databases with bad data. Apply for 20 credit cards a month using different addresses.

MOVE YOUR MONEY. Transfer your assets to an out-of-state bank account, or buy money orders or traveler’s checks, which are harder to track down.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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