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Silly silly

124

Comments

  • mr.ton
    mr.ton Posts: 415 Forumite
    Tixy wrote: »
    So you keep saying mr.ton.

    But as it stands at the moment if you want a mortgage (or other credit product) at an even half decent rate then you'll need a credit file that shows you can afford to pay your mortgage and are likely to do so, and having defaults, CCJs and ever increasing debts that you only pay £1 on will not help you with this.
    The CRAs are not surrounded in myths. You might not like what information they use or the fact that they report it to potential lenders but that is how credit works at the moment in this country. Only a couple of weeks ago you were asking who they were responsible to, so I'm not sure you are particularly an expert on when any law in relation to them might change.

    Yes i did ask that & i'll happily ask it again - not sure anyone knows who they are responsible to really - or could it just be that they are a law unto themselves effectivley ;)
  • Tixy
    Tixy Posts: 31,455 Forumite
    They are not a law unto themselves. They only report & include what they are told by creditors/dcas etc. If the creditors give incorrect info or act incorrectly (and I fully agree that they do) then that is not the fault of the CRAs. As said before in a ideal world it would be great if they could check everything that every creditor/dca/debtor etc tells them, but of course they cannot practically do this.

    If you have a problem with info on your credit report first port of call is to the lender who put that info on the report not the CRA.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • mr.ton
    mr.ton Posts: 415 Forumite
    It goes without saying that the vast majority of people who post on forums like this & advice people to " just pay what they can" or "just do the decent thing & pay up" etc......are usually connected with the finance/debt industry to 1 extent ot another (not all before anyone has ago - i say most lol)
    They then say things like how they have that persons best interests at heart etc...
    More like the interests of the industries profits i suspect.
  • mr.ton
    mr.ton Posts: 415 Forumite
    Tixy wrote: »
    They are not a law unto themselves. They only report & include what they are told by creditors/dcas etc. If the creditors give incorrect info or act incorrectly (and I fully agree that they do) then that is not the fault of the CRAs. As said before in a ideal world it would be great if they could check everything that every creditor/dca/debtor etc tells them, but of course they cannot practically do this.

    If you have a problem with info on your credit report first port of call is to the lender who put that info on the report not the CRA.

    So do answer the basic question then...who or what gives them the right to hold all that info on the public in the 1st place?
    Ive asked that on many forums & no-one seems to know the answer! lol
  • hullight
    hullight Posts: 524 Forumite
    mr.ton wrote: »
    "just do the decent thing & pay up"

    Is being decent considered bad now, my what a world this is becoming.
  • mr.ton
    mr.ton Posts: 415 Forumite
    hullight wrote: »
    Is being decent considered bad now, my what a world this is becoming.

    Im all in favour of the basic principle of "if you have borrowed then you should repay", but only on the basis that you have it to repay.
    The industry likes to come out with the same old nonsense of "well you shouldnt have borrowed in the 1st place" - well tough on the industry, that aint gonna change the here & now and the fact that the OP has to live in the real world in terms of paying all other basic things like bills etc...
  • hullight
    hullight Posts: 524 Forumite
    Mr Ton, I think your posts lost all credibility when you advised Kirsty to lie to her creditors and ultimately a court in order to 'get away' with a life of permanent indebtedness.
  • Kirsty8910
    Kirsty8910 Posts: 9 Forumite
    mr.ton wrote: »
    Im all in favour of the basic principle of "if you have borrowed then you should repay", but only on the basis that you have it to repay.
    The industry likes to come out with the same old nonsense of "well you shouldnt have borrowed in the 1st place" - well tough on the industry, that aint gonna change the here & now and the fact that the OP has to live in the real world in terms of paying all other basic things like bills etc...

    I can hold my hands up to say yes i understand i need to repay what i borrowed in the first place, but in the case of Natwest for my borrowed amount to have double in a year is just beyond me when a student account is meant to be interest free anyway, i may be being naive here....
  • mr.ton
    mr.ton Posts: 415 Forumite
    hullight wrote: »
    Mr Ton, I think your posts lost all credibility when you advised Kirsty to lie to her creditors and ultimately a court in order to 'get away' with a life of permanent indebtedness.

    Im not on here to have any "credibility" - im on here to tell it how it is/or how i see it etc...
    I would like you to point out were i have told her to lie exactly?
    The OP needs to make sure she is paying the correct amount on all her outgoings, weather that be basic bills/food etc....they are life essentials weather the industry likes it or not quite frankly.
    That is for her to decide what is adequate to suit her lifestyle - not the best interests of the industry or even the court system for that matter.
  • Tixy
    Tixy Posts: 31,455 Forumite
    mr.ton wrote: »
    So do answer the basic question then...who or what gives them the right to hold all that info on the public in the 1st place?
    Ive asked that on many forums & no-one seems to know the answer! lol

    Sorry kirsty that this thread has gone a little off topic from yourr questions.
    mr.ton if you read this http://www.ico.gov.uk/upload/documents/library/data_protection/practical_application/credit_explained_leaflet_2005.pdf you will understand they are allowed by law (that is the uk government) to hold and use the information that they do and see that they are regulated by the ico as I said the other week.
    Answers to all your questions should be on that link or the ico website. Or you could contact the ICO if you still feel anything is unclear.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
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