Actor Michael Sheen has bought £1 million (C$1.86 million) of his neighbours’ debts and written them off using £100,000 (C$186,000) of his own money.
Sheen, best known for his roles in “The Queen,” “Frost/Nixon,” “Masters of Sex” and “Good Omens,” first embarked on his “debt heist” two years ago, with the twin aims of helping 900 people in his native South Wales and spotlighting the perils of a debt industry that demands sky-high interest rates on short-term loans.
“People’s debts get put into bundles and then debt-buying companies can buy those bundles and then they can sell it on to another debt-buying company at a lower price so … the people who own the debt can sell it for less and less money,” he explained in an interview on BBC TV’s “The One Show” last week.
“I was able to set up a company and for £100,000 of my own money, buy £1 million of debt because it had come down in value like that.”
Oh boy. Sorry I’m not going to read all that because I’ve been there before.
You people will legit stop at nothing to avoid admitting how you’re part of the problem. Once the snowball effect has taken hold and you’re just trying to fit in with your peers, it’s an unstoppable force.
My time on the internet has really taught me a lot about human psychology. I’m glad I can see you people and your tactics for what they are and give you the respect you deserve.
Goodbye. You may have the last word (because you will not stop until you get it.)