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Warning-Your Home May Be at Risk if You Fail to Pay Even On Un-Secured Debts

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  • So_Sad_Angel
    So_Sad_Angel Posts: 7,363 Forumite
    I agree Rabbit-in-headlights .....bringing this topic to the forefront is essential!! Definately `post of the month` .

    I really do feel that if a credit agreement under 25k (regulated by the Consumer Credit Act) as UNSECURED and sold by the financial institutions as UNSECURED , with all the regulatory disclosures that this Act covers,....then such an agreement should never, ever , have the potential to become secured!!!

    Unless `the borrower` is clearly made aware that potential secured status can be sought then how can this be legal....surely this is tantamount to mis-selling.

    Just my opinion.

    Angexx
  • maz1964
    maz1964 Posts: 903 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    hiya 278 at the mo

    keep going guys,,,goodnight

    ciao maz
    Sealed Pot Challenge member 1525

    "Knowledge is the Power to get Debt Free":j

    Truecall device, stops all the unneccesary phone calls - my sanity has been restored and the peace in the house is truely priceless!:rotfl:
  • aimharl
    aimharl Posts: 16 Forumite
    Are we really going to let them get this one through this is outrageous http://petitions.number10.gov.uk/chargingorders get signing come on rally the troops.
  • aimharl
    aimharl Posts: 16 Forumite
    Are we really going to let them get this one through this is outrageous http://petitions.number10.gov.uk/chargingorders get signing come on rally the troops. Just what we all need.
  • louietudor
    louietudor Posts: 273 Forumite
    aimharl wrote: »
    Are we really going to let them get this one through this is outrageous http://petitions.number10.gov.uk/chargingorders get signing come on rally the troops.

    ive signed it and urge everyone else to do the same!!
  • aimharl
    aimharl Posts: 16 Forumite
    Martin could this be headlined in the weekly email?
  • aimharl
    aimharl Posts: 16 Forumite
    I cant believe more people on the DFW board are not worried about this change in the law. Let the government know your views on this.
  • maz1964
    maz1964 Posts: 903 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    hiya 285 sig

    we do need more

    more impact

    lets send a message

    - I ve done my bit, even visited my nice Mp who took my letter that had all kinds of info, from someone who had written all the good facts in and i signed it and its now been sent to Minister for justice, our lovely mr jack straw

    will await on what he gets back now

    i was very firm in his office told my nice mp , i know i was only a little voice in his office that day but i was still a member of this country!

    i think he took me seriously no very nice, but lets all do the same guys

    more letters more info to mps, the message will be loud

    off to bed now but wanted to update ya ciao for now laters MAZ
    Sealed Pot Challenge member 1525

    "Knowledge is the Power to get Debt Free":j

    Truecall device, stops all the unneccesary phone calls - my sanity has been restored and the peace in the house is truely priceless!:rotfl:
  • aimharl
    aimharl Posts: 16 Forumite
    Why are the people on the DFW board who have a DMP in place not interested in this? Answers please. As this potentially effects all on a DMP with more than a £1000 owing to a lender. :confused:
  • maz1964
    maz1964 Posts: 903 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    aimharl wrote: »
    Why are the people on the DFW board who have a DMP in place not interested in this? Answers please. As this potentially effects all on a DMP with more than a £1000 owing to a lender. :confused:


    hiya

    well i ve posted it there and tried to explain it but im too sure why neither

    i try and promote it to as many people as i can

    other than blasting an email to all dont know what else to do

    gets a bit disheartening dont it

    ciao for now laters maz:cool:
    Sealed Pot Challenge member 1525

    "Knowledge is the Power to get Debt Free":j

    Truecall device, stops all the unneccesary phone calls - my sanity has been restored and the peace in the house is truely priceless!:rotfl:
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