Saturday, January 08, 2011

Insolvency industry 'cashing in' at creditors' expense

BBC News - Insolvency industry 'cashing in' at creditors' expense

The big earners in Britain in recent years have made their money by starting up a debt collection Agency. These people 'buy' your debt for a knockdown price and then chase you for the full amount so for example........

You cannot pay J Bloggs £1,000 Bloggs 'sells' the debt for £300 and claims the £700 loss against their tax bill in the year following. The Agency then hound you to pay them the full amount thus making a nice earner.
Now with more and more Laws to help debtors a new industry has grown up showing people how to legally avoid paying any body. For a small fee they will show you how to do it!! One off fee and no hassles !
Personally I just declared myself bankrupt and sod the lot of them !!!!

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(1) Walmart Employees EXPOSED For Falsely Accusing Shoppers Of Theft - YouTube

(1) Walmart Employees EXPOSED For Falsely Accusing Shoppers Of Theft - YouTube