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Broken_hearted

stapeley wrote: »

Until you lose your job or become insane ( not far to go there ) joking ! :rotfl:

blind-as-a-bat_2

£1700 sofa debt turned into £6800 and she paid £4700

How is that justified by 'you borrowed it so you should pay it back'

Funny how the 'moral' argument seems to egnore the imorality in that:rolleyes:

Even more so if the debt was sold at sy 10% of its origanal value, i dont believe it was in that case, but it wasnt made clear, but there are plenty of cases where that has happened

monkeyintrouble

Well at least the "pay it back brigade" have gone quiet, for now.
I reckon most of us want to pay back our debts and would probably never borrow again. Its a shame we are all tarred with the same brush as some serial con artists who probably never had any intentions of paying anything.

poppy10_2

equinox747 wrote: »

this is blatant legalise robbery of your home, had this been made apparent i for one would never had signed ONE credit card aggrement,

Had it been apparent to ONE that you weren't going to pay up your obligations on the credit card, I'm sure they wouldn't have signed the agreement either.

monkeyintrouble

poppy10 wrote: »

Had it been apparent to ONE that you weren't going to pay up your obligations on the credit card, I'm sure they wouldn't have signed the agreement either.

:mad: :mad: :mad: :mad: They're back!!! :mad: :mad: :mad: :mad:

Can we possibly keep this valuble webspace for good advice please, which its what its intended for!

bookworm1363

poppy10 wrote: »

Had it been apparent to ONE that you weren't going to pay up your obligations on the credit card, I'm sure they wouldn't have signed the agreement either.

I think the NINJa trend that brought us the credit crunch all the way from the US flushes that particular theory down the pan, actually.

hayleymillard

Hello
im new to the website and dont mean to sound thick but im on a dmp if i request cca from creditors and they cant supply them or theres a mistake can i just write to them and tell them im not paying them surley it cant be that simple
Thanks

bookworm1363

Yes and no. First of all, the following ONLY applies to agreements regulated under the Consumer Credit Act 1974. The newest CCA is a different matter.

If they can't supply it (because it's a DCA who bought the debt at a fraction of the value of the debt, for example), then the debt is non-enforceable. It doesn't mean it doesn't exist, it does mean they won't be able to enforce it, basically because as I explained higher up, they do not have a contractual relationship with you. If the agreement exists, but doesn't fulfill some very specific conditions as regards legibility, prescribed terms etc... , then the debt is non-enforceable.

So yes, in that respect, it is that simple. It's certainly worth spending that £1 to ask for a copy of your credit agreement, would it be only to ensure that you are not currently lining the pockets of some bottom-feeder to whom you do not actually owe anything. OTOH, you need to be careful as regards your DMP, as I read on CAG only yesterday about the DMP siding with the DCA even though the the DCA had admitted the amount was in dispute and that they wouldn't pursue it, and as a result cancelling the whole DMP!!! :eek:

I have to add that the whole CCA/debt management is not my main field of expertise, so if you need more detailed advice, click on the link on my signature and ask for further guidance on CAG.