Panorama Tonight - BBC ONE, 8.30pm

fermi

Here we go for those that missed it.

http://www.bbc.co.uk/iplayer/episode/b00fg420/b00fg41f/Panorama_Cant_Pay_Wont_Pay/

blind-as-a-bat_2

Hands up all those who believe that 1st credit re-trained staff and brought in new measures after what happened to that guy that was sectioned and his daughter.............:rolleyes:







Well i make that a grand total of none


At least Greenhalghs have the balls to be honest on how they persue debt, unlike the rest who claim to be working withn all guidelines.

I wonder if the OFT actually did anything to them though after issueing a statement that they breached the guidelines, like fine them, revoke there liscence, or did they just give them a pat on the back for a job well done:rolleyes:

stapeley

Said it before , a bunch of parasites . Did they not say 1st credit bought 300 million pound of debt for £30 million ? Thats 10 % , so why cann,t they offer a settlement at stay 20 %?

fletch3163

Themagics - I think that was exactly what I got out of the programme to be honest. That it's awfully hard to spot the "Can't" from the "Won't". Now I have very little sympathy for the providers but surely the "Won't Pay" brigade do a huge disserve to those who "Can't Pay".

Hopefully those who are owed funds can indeed find a way to weed out those who need help from those who are swinging the lead. The couple who went to the European court were called greedy and dishonest by their judge and although they won their case, they were instructed to pay costs. When asked why they did it I think the answer was why not!

furrypaws_2

I knew as I watched there would be a huge discussion on here.... i was shocked at how greedy those "won't pay" examples were.. the worrying thing is, they don't think they have done anything wrong.

I have been on a DMP for nearly 2 years after my ex-husband left me in a mountain of debt but I'm doing everything I can to re-pay it and will be for the next 15 years. I am terrified sometimes by some of the tactics used but I hope that if I am fair and honest with the creditors they might be the same with me. (not doing too bad so far).

However, I don't think it's right that DCAs make so much money from the debt they buy - some legislation around this to cap the amount they can get from the debtor would be good.

roddydogs

WOT ive borrowed money and you expect me to pay it back? surely not

themagics

yes fletch I agree wit you that couple got too cocky and greedy and got they commuppence in the end they were still in debt by the same amount so didnt get anywhere really

themagics

roddydogs wrote: »

WOT ive borrowed money and you expect me to pay it back? surely not

:rotfl: :rotfl: :rotfl: thats so funny

bookworm1363

furrypaws wrote: »

However, I don't think it's right that DCAs make so much money from the debt they buy - some legislation around this to cap the amount they can get from the debtor would be good.

There is. It's called the Consumer Credit Act 1974 (CCA for short). A DCA which purchases a debt doesn't have a contract with you, you haven't borrowed money from them, therefore you don't owe them jack. Nothing. Zilch. A great big Zippo. Nada. That's why they resort to threats and misleading and harassment, in the hope that you won't spot that little flaw in their argument.

Broken_hearted

bookworm1363 wrote: »

There is. It's called the Consumer Credit Act 1974 (CCA for short). A DCA which purchases a debt doesn't have a contract with you, you haven't borrowed money from them, therefore you don't owe them jack. Nothing. Zilch. A great big Zippo. Nada. That's why they resort to threats and misleading and harassment, in the hope that you won't spot that little flaw in their argument.

Yet uou can't see the flaw in your argument. You spent the money.