We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Some happy news for a change....
PROLIANT
Posts: 6,396 Forumite
in Credit cards
At last, somebody has seen common sense. :beer:
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6868968.ece
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6868968.ece
Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.
0
Comments
-
Interestin read, I wonder how how fast this decison was made (in the banks favour) compared to the (still) ongoing issue regarding Bank charges.Official SOS Club number 011 - Dry until 17/11/20090
-
Bank charges are a different issue, I agree that if you make a couple of errors now and again then you should not be fined/charged, if you are stupid and repeatedly bounce cheques, DD's etc then tough.young_victor_meldrew wrote: »Interestin read, I wonder how how fast this decison was made (in the banks favour) compared to the (still) ongoing issue regarding Bank charges.Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.0 -
Bank charges are a different issue, I agree that if you make a couple of errors now and again then you should not be fined/charged, if you are stupid and repeatedly bounce cheques, DD's etc then tough.
I agree with that.
There was an idiot on here the other week who claimed to have gotten atleast £10,000 from the banks and credit cards and went on a spending spree.. he had no intentions of paying it back and didn't mind waiting 6 years until it's statue barred and wiped off his credit report and stated he would do it again after 6 six years. It's people like that who are damaging this countrys economy. They should feel the wrath of the law to the maximum extent.
Can't for the life of me remember which thread he posted it on.We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
The Mail have picked up on this with a more explicit interpretation which I was hoping would be in the Times article:
http://www.thisismoney.co.uk/news/article.html?in_article_id=491793&in_page_id=53946&ito=1565The ruling means that if borrowers manage to escape paying their debts on legal technicalities, the lender could still mar their credit history with a 'default' notice.
This would remain on file for six years and prevent them from obtaining further credit.
Although the borrower cannot be pursued by bailiffs, this black mark renders the legal argument that they can escape their debts without consequence useless.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
what a load of claptrap
no signed cca means no permission to share data under the data protection act
so any default registered can be removed as they dont have the legal right to use your data0 -
.....ergo; you don't have the right to spend the banks money that is not legally yours.what a load of claptrap
no signed cca means no permission to share data under the data protection act
so any default registered can be removed as they dont have the legal right to use your dataSince when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.0 -
Shouldn't 'no CCA' also mean not being able to legally accept the money off the lenders to begin with? In which case this should cover all the bases.no signed cca means no permission to share data under the data protection act
Of course, since the money was accepted, but with the now apparent intention of not paying it back...
Of course they have the legal right to 'use your data' - if you borrow money off them, and refuse to pay it back, what do you expect them to want to do? Just let you get away with it, or warn potential future lenders what you're like with credit?so any default registered can be removed as they dont have the legal right to use your dataConjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
Paul_Herring wrote: »
Of course they have the legal right to 'use your data' - if you borrow money off them, and refuse to pay it back, what do you expect them to want to do? Just let you get away with it, or warn potential future lenders what you're like with credit?
Have a read of the data protection act before you start spouting off about something you know very little about0 -
Which part of the Act do you think they are not following? Which part doesn't allow them to state you borrowed money and aren't paying it back?Have a read of the data protection act before you start spouting off about something you know very little aboutConjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.5K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.5K Work, Benefits & Business
- 598.2K Mortgages, Homes & Bills
- 176.7K Life & Family
- 256.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards