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Clear your debt in 2 hours, legally.

Discussion in 'Making Money' started by downliner, Mar 5, 2008.

  1. downliner

    downliner Newbie Premium Member

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    This is probably quite well known and applicable in more places than just Scotland but thought I would share it anyway :)

    If you have huge credit card bills, bank overdrafts to repay, loans (student or bank) etc etc you can wipe it all providing you can stay under the radar for a while. Howard Marks (a convicted drug smuggler) exposed on national TV just how easy it is to change your name by Deed Pole (on the internet for £11.99). Two hours later he'd gained a new driving license and passport under the new name of Marco Polo.

    How It Works:

    The law in Scotland (elsewhere too) allows anyone who wishes to change their forename and/or surname. You can use pretty much any chosen name you wish and the new name does not have to be connected in any way to either of your original names or those of your family members.

    First of all, you need to get a new birth certificate that represents your new name.

    There are several ways (all legal) in which a name may be changed on a birth certificate, depending upon your particular circumstances. The most common way to record a name (again, in Scotland), is by a Recording of Change of Name. You can obtain an application form from any registrar of births deaths and marriages in Scotland, and the cost to change your name this way is £36. The cost of a new birth certificate is less than £15.

    Now that you have legally changed your name you can apply for a passport under your new identity. Fair enough that'll cost you about £80 these days but if you're clearing £20,000 of debt that won't be your concern :D

    When the bailiffs come knocking at your door you can have both a birth certificate and passport in your new name. Tell them that you just moved in and apologise for not having a forwarding address for the 'previous tenant' ;)

    With your new identity you also have No Credit History. If you apply for a bank account with no credit history you'll more than likely be rejected, so instead you should get your hands on a few mail order catalogues like Freemans etc. Order some shit out of the catalog and KEEP UP THE REPAYMENTS. Within 3-6 months you will have a glowing credit history and the bank will be happy to give you an account (though probably best to use a different bank to your previous lol)

    If there has been no activity on your old bank account for a number of years the bank will just write off your old debt as they have no method of finding you.

    I won't keep rambling but if anyone does want more information I'd be happy to post it.
     
    Last edited: Mar 5, 2008
  2. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    thats actually quite genius!

    not sure how well it'd work, but it definatly has some potential!
     
  3. craig-spencer

    craig-spencer Newbie

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    hi guys,

    just letting you know that this wont work in the UK as i work as a credit analyst for a major credit card issuer and we have ways of finding out your previous and linked names/aliases via the people you have been linked to before.

    The only way you could get around it is if you dont apply for anymore credit, or your application lands on the screen of a rookie.

    I understand the thinking behind it though.

    cheers
     
  4. vmedia

    vmedia Regular Member

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    i'm going to change my name to dirk digler
     
  5. HaRRo

    HaRRo Elite Member

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    I just changed my name to Fuck Ingcunt :D
     
  6. downliner

    downliner Newbie Premium Member

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    I haven't actually tried it myself yet (tempting as it is to kiss my student loan away :D ) but one of my clients has done it a few times. He's always up for sharing his tips and tricks (knowing that I'm a poor whitehat haha) so I'll have to ask him for more info.

    Instead of using a bank you do have literally hundreds of high street companies wanting to give you credit. If you kept up repayments on that catalog for a few months you can go and buy yourself a new TV in Dixons on credit. Change your name, flog the HD LCD TV on Ebay for half its value and you've made yourself a tidy profit.

    I think craig may be right about a credit company having some method of tracking you but it has to be worth their while. I guess if it's £20,000 they'll try and come after ya but if you're ripping off different electronics stores for under £1000 each I see it working in theory.

    I don't know, this certainly isn't blackhat though so maybe it should be moved? Do we have an Intend To Commit Fraud section here? :eek:
     
  7. cashsalute

    cashsalute BANNED BANNED

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    we're quite the tricksters here :)
     
  8. Whisker

    Whisker Moderator Staff Member Moderator Premium Member

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    Loveishell,

    I'm thinking of that happening in Scotland, and then I'm picturing the same situation in the USA. The feds here foam at the mouth over catching people who strive to be against them. They go completely out of their way, create new divisions in the law enforcement agency, give it a $100 billion budget to quell the "evildoers". It's actually a pretty solid idea, dependent on how much information they already have on you(which is always a lot more than you think).
     
  9. LexLuthor

    LexLuthor Registered Member

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    I'm changing my name to Balls McCocken...
     
  10. Cryten

    Cryten Newbie

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    What a cool site! Well what better way to get started here then to let you know that this is completely true, I did it and in the uk. Now my name change reason was not to clear any debts that was a bonus and only realised afterwards. Had the choice hmmm own up to 4k debt or leave it and start afresh. Can you guess which option I chose?

    One of my debts was with argos and I even had the cheek to apply for new credit in my new name, this was declined but only due to not having any credit history! Did this about 8 years ago and have not heard a peep from anyone since.

    Yes the companies probably know who your mother is with the aliases info etc but does your brother/sister/cousin get harrased over your debt? No.

    Anyway just giving my 2 cents, not looking for moral lectures.
     
    Last edited: Mar 10, 2008
  11. Smelly-Cash

    Smelly-Cash Jr. VIP Jr. VIP Premium Member

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    it actually doesn't work in the us. my husband changed his name but got the same driver license and social security numbers with the new name
     
  12. ukescuba

    ukescuba Jr. VIP Jr. VIP Premium Member

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    marry someone from another country ie if your a brit come to the US and marry an american chic you will eventually get a new SS and Drivers etc and be pretty much untraceable from the UK

    Alternatively go back in time make sure your parents are from two different countries, again UK and US works, grow up in one of the countries, rack up a load of debt or better still take a load of loans out and piss off to the other country and resume your new residence with new ID...

    its much better to go from UK to US since the weather is much nicer and if you do decide to do the loans thing.... well the pound is stronger than the dollar! :)
     
  13. cashsalute

    cashsalute BANNED BANNED

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    you could make a name change and get a new citizenship... then when fagrs comes a knocking, you change your tone of voice and say

    "NO, it wrong person you had!@"
     
  14. CapMorgan

    CapMorgan Junior Member

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    There are two problems with this. At least in the US. Your credit is tied to your social not just your name. The credit bureaus and credit companies themselves also have allot of tools at their disposal to link people together. I can tell you that the bureaus themselves will list aliases at the top of bureaus to help credit companies out. These aliases are found from cross referencing multiple data together.

    The second problem is clear debt is the wrong word to use. The debt does not go away because you do not answer the phone, and say yes it's me. The debt will always remain until paid in most cases.

    PS: There is also a statute of limitation argument that is usually used as a get out of debt free argument. This is also false. If you were to let's say disappear. Change your name. Make sure that your family, friends, old friends, old relationships, co workers, boss, old boss, neighbors, old neighbors, old roommates, etc all not know where you went, or cover for you, and are never tracked down to be served, and do not need to use your credit for a home purchase, rental history, car loan, cell phone, credit card, refinance of any debt, etc then in most US states the statute of limitations will usually hit after about 3-4 years. After this time you cannot be sued for the debt owed, but the debt can be sold to another company or still collected by the originating company. They can still call you, and yes it will still be on your credit as a debt owed.

    I am giving you this info because I think there is nothing worse than an attorney, or so called credit counselor scamming people out of money telling them that they can get them out of debt with these techniques when they are not helping at all. The best advice I can give is do not get into debt. If you do stand up, and take responsibility for it. Work with the people you owe, and educate yourself even before believing everything is attorney tells you. Remember that they are there to make money also.
     
  15. cashsalute

    cashsalute BANNED BANNED

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    The truth of the matter is... no matter how many institutions they set up to monitor our 'creditability', the funnest game anyones ever going to play is getting around their fagsystem. and thats going to be hard to take away, I wish them luck on that :p
     
  16. Cryten

    Cryten Newbie

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    Well as I said it worked for me in the United Kingdom, I dunno about the US.
     
  17. markj

    markj Junior Member

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    Yeah, this particular method won't work at all in the US. As CapMorgan said, your identity is tied to your social security number. And there's no quick way to get a new one (that I know of).
    There are statute of limitations for some types of debt. The type and specifics vary from state to state. But a lot of these old "Zombie debts" will disappear after a while.
     
  18. caretaker2007

    caretaker2007 Power Member

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    Going the illegal route you can always assume your dead relatives identity. My sister's ex-boyfriend did that, living as his brother, for 20 years before anyone found out. His mom's estate tracked him down and they were curious why they could find the dead son but not the living.