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wacicha wrote:now that was not a scheme lol that was well thought out plan.
And it is true I think that Women fall less for these schemes then the male population. I wonder why that is!!!
hecter wrote:I'm sure Joe Beevers would have plenty of his successful and cunning schemes to add to this thread...
b.k. barunt wrote:Snorri's like one of those fufu dogs who get all excited and dance around pissing on themself.
suggs wrote:scared off by all the pervs and wankers already? No? Then let me introduce myself, I'm Mr Pervy Wank.
b.k. barunt wrote:Snorri's like one of those fufu dogs who get all excited and dance around pissing on themself.
suggs wrote:scared off by all the pervs and wankers already? No? Then let me introduce myself, I'm Mr Pervy Wank.
Norse wrote:This isn't a scheme as such, but it is something that I heard on the radio.
It's a soloution for home-owners who have ran into financial difficulties.
What happens is:
You sell your house to these guys
They rent it back to you
You can buy it back in 3 years at a fixed rate
Sounds like a great idea! They will be able to be back on their feet in 3 years time having sorted their debt issues!
Hmmm, I really wouldn't trust the financial decisions of a person who has already gotten themselves into this debt in the first place..
Example
Bob and karen inherit a property worth £150,000
They jointly owe £50,000 on credit cards/store cards/bank loans
They sell house to company for £150,000, and also pay flat rate of rent of £800 per month for the 3 year term.
They clear all existing debt.
Right..
150,000 - 50,000 - 3x(12x800) = 70,000
Now, Bob and karen, in this 3 year period are going to have to save up £80,000 to buy back this property.
80K is a hell of alot to save up in 3 years, and one would think that if theywere earning enough money to do this, then they probably wouldnt be in this debt in the first place.
Outcome...They end up losing their house and renting it.
Company acquires not only property, but also long-term tennants as well. Very very clever. Taking advantage of people with financial hardships.
Here's the link to the said company...they aren't very specific about the 'fixed prices' and the 'buy-back' procedure.
http://www.litchfields-property.co.uk/
HorusKol wrote:why do they need to save 80k?
HorusKol wrote:the repayments on a 25 year mortgage for 80k are a helluva lot less than the repayments on a 25 year mortgage for 150k - so, those guys who inherited the property are onto a winner...
b.k. barunt wrote:Snorri's like one of those fufu dogs who get all excited and dance around pissing on themself.
suggs wrote:scared off by all the pervs and wankers already? No? Then let me introduce myself, I'm Mr Pervy Wank.
Norse wrote:Here's the link to the said company...they aren't very specific about the 'fixed prices' and the 'buy-back' procedure.
http://www.litchfields-property.co.uk/
Stopper wrote:Norse wrote:Here's the link to the said company...they aren't very specific about the 'fixed prices' and the 'buy-back' procedure.
http://www.litchfields-property.co.uk/
Hmmm...Interesting. There might be one way of making money out of this. You don't happen to know if this company is a listed plc, with publicly available shares, do you...?
b.k. barunt wrote:Snorri's like one of those fufu dogs who get all excited and dance around pissing on themself.
suggs wrote:scared off by all the pervs and wankers already? No? Then let me introduce myself, I'm Mr Pervy Wank.
DiM wrote:after the revolution in my country almost 18 years ago a lot of pyramid get rich fast games appeared.
games where 90% lose and 10% win.
b.k. barunt wrote:Snorri's like one of those fufu dogs who get all excited and dance around pissing on themself.
suggs wrote:scared off by all the pervs and wankers already? No? Then let me introduce myself, I'm Mr Pervy Wank.
Norse wrote:DiM wrote:after the revolution in my country almost 18 years ago a lot of pyramid get rich fast games appeared.
games where 90% lose and 10% win.
Ahh, but there are really sly ways of these operating too.
For example, I set up the pyramid, and also make 30 phoney names up, thus creating the first and second layer of the pyramid out of false identities, and creaming all profits for the first and second layers as well as my own.
natty_dread wrote:I was wrong
gimil wrote:suddenly you have over a million pound in your bank account. That bank account can make 12,500 a month on 1% interest. Interest you can live on without working for the rest of your life (or at least i could)
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