Quatloos!

Facebook Group - We Buy Any Debt

The website of another debt scamming Facebook group who beg for donations. They are called: Webuyanydebt

https://www.facebook.com/groups/webuyanydebt/

Website: https://kindnesscredits.wixsite.com/wbad

This appears to be the owner of the scam (well her Facebook account anyway)

Elisabeth Nolson

https://www.facebook.com/profile.php?id=741501390



and another website of hers

http://www.thewholepackage.me/

and

https://kindnesscredits.wixsite.com/kin ... t-kindness

Ah, I thought I recognised that name; viewtopic.php?t=10736

I wonder whether they have heard about the Rankines... Basil Rankine was jailed 5 years ago for running a similar operation called Credit Card Killer...

http://www.bbc.com/news/uk-england-stok ... e-19635797

They appeared in Panorama in 2008, you'd never expect scammers to be featured on that program: https://www.youtube.com/watch?v=kaMN2v8JYEM

I read all of that. I still can't work out what the fuck they do.

My grasp is, they "buy" your debt off you and you owe them ...Kindness?

They then tell the creditor that they owe the debt and pay it with... Kindness?

I don't get it

they just grift under the guise that they have magic debt beans for you.

TheCoz wrote:My grasp is, they "buy" your debt off you and you owe them ...Kindness?

Yeah, that's pretty much it.

I find it similar to WeRe Bank, except that their currency is "kindness credits" instead of Re (current exchange rate 0:0). They claim they can pay your real debts with their fake currency, via some tortured interpretation of the Bills of Exchange Act. But instead of issuing checks and pretending to be a bank, they claim to have bought the debt from the debtor.

And, of course, they don't take payment in their own currency. Pounds sterling only please.

Footloose52 wrote:Ah, I thought I recognised that name; viewtopic.php?t=10736

Not the only name I recognise - friends include Danny Bamping.

TheCoz wrote:My grasp is, they "buy" your debt off you and you owe them ...Kindness?
They then tell the creditor that they owe the debt and pay it with... Kindness?

Yes, that's it. Obviously the debtor cannot sell or transfer their legal obligations, so the creditor is still going to pursue them. And if it reaches a court, no judge would accept this purported "sale" as a defence. It's about the same as saying 'we paid you by werecheque, the debt is settled.

I will however grant that Ms Nolson's package has more to offer than Ms Rankine's in certain respects. (Mods! Why do we still not have a Terry-Thomas smilie? With embedded MP3 "crikey, ding-dong...." please.)

It's a bit like me selling my diabetes to somebody on the internet who says they'll take the meds on my behalf and thinking my blood sugar levels will be fine

Hercule Parrot wrote:

TheCoz wrote:My grasp is, they "buy" your debt off you and you owe them ...Kindness?
They then tell the creditor that they owe the debt and pay it with... Kindness?

Yes, that's it. Obviously the debtor cannot sell or transfer their legal obligations, so the creditor is still going to pursue them. And if it reaches a court, no judge would accept this purported "sale" as a defence. It's about the same as saying 'we paid you by werecheque, the debt is settled.

I will however grant that Ms Nolson's package has more to offer than Ms Rankine's in certain respects. (Mods! Why do we still not have a Terry-Thomas smilie? With embedded MP3 "crikey, ding-dong...." please.)

Wasn't "Crikey, ding-dong" Leslie Phillips? Terry Thomas was more "Absolute shower!"

Loved him in 'I'm All Right Jack!'.

longdog wrote:
Wasn't "Crikey, ding-dong" Leslie Phillips?

https://www.youtube.com/watch?v=0awJf7OWMmo

I can't wait for the first ombudsman ruling on this one.

"While I'm sure Mr. S feels very strongly about this matter, Barclay's is not obligated to accept kindness credits to pay off his Range Rover."

Those graphics look like something you'd see as placeholders on a web design template.

Is it possible that people fall for this because, while they really don't understand the banking/lending system, they have heard that banks can sell a mortgage and the borrower must then pay the new holder. So, they figure, "why can't I sell MY side of the debt".

Of course, this is gibberish and nonsense, in the complete vacumn that is their financial understanding, it kinda, sorta, makes sense.

Actually, a debtor can legally transfer responsibility to another person, but usually, only with the consent of the lender. Mortgages in the US used to be "assumable", meaning that, if I sold my house, the buyer could assume the debt. Car loans were often like that, as well. Not so much any more. With rising interest rates, lenders always want to call a loan when the asset is sold, so they can lend the money to someone else at a higher interest rate.

noblepa wrote:Is it possible that people fall for this because, while they really don't understand the banking/lending system, they have heard that banks can sell a mortgage and the borrower must then pay the new holder. So, they figure, "why can't I sell MY side of the debt".

Of course, this is gibberish and nonsense, in the complete vacumn that is their financial understanding, it kinda, sorta, makes sense.

I'm sure you're exactly right.

Many moons ago I worked with a guy who had an endowment mortgage for, for the sake of argument, £30,000. At some point he noticed that he could get an ordinary life insurance policy that would pay out £30,000 in the event of his death for about a quarter or a half of the endowment premium so he stopped paying the endowment and took out the new policy. His mortgage lender wasn't too chuffed about this and threatened to call in the loan unless he started making endowment payments again.

This guy wasn't obviously stupid in a general sense but it took everything short of beating him about the head and body with a pick-axe to make him understand how endowment mortgages work.

He got it in the end but it makes you despair about some people's grasp of the way the world works.