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Why the negativity towards not paying
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mufc689908
Posts: 146 Forumite
in Credit cards
Are the majority of people on here employess of credit card companies?
Whenever the subject is raised of not paying credit card debt the amount of people on here up in arms is suprising to say the least.
Im on 8k at the moment and well on the way to making that 15k written off, when the last ones taken care of that will make it 20k.
The credit card companies have been ripping people off for years why does half the forum love them so much?
Whenever the subject is raised of not paying credit card debt the amount of people on here up in arms is suprising to say the least.
Im on 8k at the moment and well on the way to making that 15k written off, when the last ones taken care of that will make it 20k.
The credit card companies have been ripping people off for years why does half the forum love them so much?
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Comments
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what i wonder is why so many people are happy to run up a 20K debt on credit cards yet feel that if there is any way out of paying it back (even giving up to 2K to scam companies who promise to write everything off) then that is the road to take!
If you spend the money - pay it back!0 -
Brown nosers is my answer. :rotfl:
PPl are just annoying.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
paulmcerlean wrote: »what i wonder is why so many people are happy to run up a 20K debt on credit cards yet feel that if there is any way out of paying it back (even giving up to 2K to scam companies who promise to write everything off) then that is the road to take!
If you spend the money - pay it back!
I could of run up cc debts of over 50k but I didnt.
Surely that counts for something0 -
mufc689908 wrote: »Are the majority of people on here employess of credit card companies?
Whenever the subject is raised of not paying credit card debt the amount of people on here up in arms is suprising to say the least.
Im on 8k at the moment and well on the way to making that 15k written off, when the last ones taken care of that will make it 20k.
The credit card companies have been ripping people off for years why does half the forum love them so much?
On the surface, if you borrow money, you gotta pay it back according to the Terms and Conditions you agreed to, so I'm confused why people are not paying their credit card debt. If however you dig deeper and the debt is because of large card fees or unfair terms as highlighted on these forums, fair enough, but the basic principle is: you borrow, you pay it back. Whats so hard to understand about that?
I'm not defending credit card companies here, I had a five figure credit card debt of £20K+, got it down to 4K now, but I knew all along it was my own fault and no-one else's, and yes I was aware I was being ripped off, I agreed to it when I took out the card.0 -
mufc689908 wrote: »...Whenever the subject is raised of not paying credit card debt the amount of people on here up in arms is suprising to say the least...
What is legally right and what is morally right are two very different things.
Legally you may be able to get your credit card agreements written off as unenforceable, but morally why do you not think that you should repay the £20k you spent?No trees were killed to send this message, but a large number of electrons were terribly inconvenienced. - Neil deGrasse Tyson (@neiltyson)0 -
This is a defeated argument before it starts. I am obviously one of the main instigators of the do-gooders as I pro-actively seek to help people get their debts written off any way possible whether that be unenforceable due to prescribed terms or via another hidden loophole.
I do not owe a penny either - no figure?
Two main points here:
1. The do gooders forget to realise that !!!!!! happens, i.e. in a good job, have a high mortgage and loans etc then get redundant.
2. The banks are 100% at fault. If they prepared and lent properly then they would not be in such a mess.
Basically, the consumer has done nothing wrong other than utilise their right under an act that was passed in parliament. So do-gooders, tell me - what is wrong with that exactly?
2010 - year of the troll
Niddy - Over & Out :wave:
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Do CC companies really write off stuff that easily?
I know a guy who moved into a house and kept getting CC bills and letters for the previous occupant who had left no forwarding address. He kept returning them, then he ran into the previous occupant, who said he had no intention of paying the bills and my friend should just chuck them in the bin. When they kept on coming despite every thing he did to stop them, he started to read them.
The previous owner owed thousands, the CC companies eventually wrote and said they would write off half and when they got no reply as no-one knew where he lived they then said they would write off the entire amount. They did not even send around any heavies to check if he still lived there.
If it is really that easy I am surprised that more people do not do it. I would have though the CC companies would at least try to get the money back.0 -
What is legally right and what is morally right are two very different things.
Legally you may be able to get your credit card agreements written off as unenforceable, but morally why do you not think that you should repay the £20k you spent?
Because in a court morals do not mean squat, the CCA on the other hand, does. 2010 - year of the troll
Niddy - Over & Out :wave:
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What is legally right and what is morally right are two very different things.
Legally you may be able to get your credit card agreements written off as unenforceable, but morally why do you not think that you should repay the £20k you spent?
No because I dont use half of the stuff anymore that I bought i.e clothes and old wide screens etc. Not forgeting petrol, that went a long time ago.0 -
On the surface, if you borrow money, you gotta pay it back according to the Terms and Conditions you agreed to, so I'm confused why people are not paying their credit card debt. If however you dig deeper and the debt is because of large card fees or unfair terms as highlighted on these forums, fair enough, but the basic principle is: you borrow, you pay it back. Whats so hard to understand about that?
Actually no. On the surface, if you borrow money and you signed a lawful set of terms and conditions then yes, legally you must repay or you get a CCJ or whatever. However, when the lenders themselves cannot issue a lawful set of terms, what hope does that leave for us?
More to the point, why does it need to be repaid when in essence, it is not a lawful agreement? It doesn't.I'm not defending credit card companies here, I had a five figure credit card debt of £20K+, got it down to 4K now, but I knew all along it was my own fault and no-one else's, and yes I was aware I was being ripped off, I agreed to it when I took out the card.
Yes, but use this as an example - what if you'd just got made redundant or whatever and had to choose, pay for food for the kids or a credit card bill? What would you really do? I know what most would do!
However the point remains, changes do occur and some changes are totally out of our control therefore until the lenders start to acknowledge this you'll find the debtor will find any excuse to avoid repayment - and I for one will help them.... my conscience is clear as well. 2010 - year of the troll
Niddy - Over & Out :wave:
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