The "Wiseman Concept"

Somebody asked about this on FB, I’ve never heard of it, looked it up

http://www.wisemanconcept.mobi/wmenu.php
and it rings all the scam bells, but what is the scam? How does it work? They claim to not handle your money, but the bank wants repayment on the loan.

It’s an old scam.

'Luthon64