Panorama Tonight - BBC ONE, 8.30pm

natters_2

I can see the you spent it you should pay it back argument - I have 8 different creditors

M&S, Tesco & Blair Oliver & Scott have been great - ring up maybe once every 3-6 months, those I intend to pay off in full when I am able - the rest who have hounded & harrased me at every opportunity and made my life a living hell, I will not avoid paying, but if I can get then on the CCA or make a full and final of a lesser payment I will.

I have gotten so sick of the when I explain the situation and tell them how much I can afford to pay and getting the we can't accept that - we will be putting you down as a refuse to pay deserve everything they don't get imo

Broken_hearted

Well as M&S have just added interest to the account, they arn't going to be paid off by christmas and are bottom of my list now.

monkeyintrouble

The WONT PAYS are making the people who genuinely CANT PAY due to a change in circumstances look really bad, like them. What the institutions should do to weed out the wont payers is be legally allowed to insist on a means test which included a full list of assets. Then if those who wont pay but own thousands of pounds worth of assets (which they refer to as "their pension") should be forced to sell up and pay what they owe. Just because some honest people fall on hard times should not be forced to sell their homes when they are willing to pay back their debts, albeit over a longer time.
I certainly dont dispute what I owe, and Im not looking for loopholes to wriggle out of it. I intend to voluntry sell my house, pay off my debts in full and downsize, hopefully restarting with a clean slate. Problem is, at the moment I have very little chance of selling my house, so all I am looking for is some time, and pay lower amounts until the housing market picks up again

stapeley

Broken_hearted wrote: »

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

I would not comment too much BH , I seem to remember the last I heard from you , was you were requesting a copy of CCA . I WONDER WHY ?

Broken_hearted

from halifax for fun yes I remember

LittleCharlie

natters wrote: »

I have gotten so sick of the when I explain the situation and tell them how much I can afford to pay and getting the we can't accept that - we will be putting you down as a refuse to pay deserve everything they don't get imo

But the deal is, that when you took the credit from them, you agreed to terms and conditions. Then for one reason or another perhaps the terms and conditions were broken, and now they want their money back. Which as far as I can see is fine. If your mate borrowed £6000 from you (to quote another thread) then I'm sure you'd get antsy with them if they couldn't pay you back.

They're putting you down as a refuse to pay, because you have done just that! You have refused to pay what they have asked for! I'm sure it's in all my contracts that the company can ask for as much back as they want at any one time.

I couldn't walk into tesco and say "Well I really like that 42" HD TV, but I can only afford to pay you £100 for it, but it's alright, I'll give you the rest next year". You really liked the credit at the time, and now you can't give someone back the money you borrowed. It's not THEIR fault that YOU can't pay.

pepe2008

Cant or Wont??
I was a 'cant' so I went to CCCS who helped me become a 'can' as long as the Creditors agree to wait a bit for their money.
When Citi have a 'clear out' and sell off long-term ( not BAD ) debt to a DCA, the loveley caring-sharing-OFT Compliant-understanding-listening 1st Credit i will then do all I can to be a 'wont'...I did not borrow money from these low-lifes and their commission-driven collection-monkeys ( So your father has been what? la la la la la couldnt hear you la la la ) so I will do all I LEGALLY can to not pay them.
However, if the debt had remained where it belonged, with the OC...no problem i would remain a 'can' and 'will'.

Ames

I didn't see the programme, but here are my thoughts on wont vs can't. I feel that I can't - I'm on income support with serious mental health problems, I think my health does come above debt repayment.

Out of the three debts I've got left, once my finances are sorted (I'm going to have a new start in the new year and try and budget properly, my sister's going to help me) then I want to start saving for f&f's. First on the list will be barclaycard - they've been pretty decent with me and they've kept the debt even though I'm only paying £1 a month. Bottom of the list will be the evil DCA's who hound and ask for personal information and most of all don't send a paying in book so that it makes it much more difficult for me to pay.

bookworm1363

Broken_hearted wrote: »

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

*I* haven't, no. But that's irrelevant in this instance.

The person who has -allegedly- borrowed the money, let's call him A, owes to creditor B. For whatever reason, he can't repay it some time later. B, anxious to cut his losses, sells the debt for about 10% of its supposed value to debt collector C and washes his hands of A.

C has no contractual relationship to A. Simple as that. If B wanted to pursue A for the money owed, he could and should have done so. If he decided instead to flog it to a DCA for a quick sale, that's his choice. It doesn't give the right for C to pursue A, as, I repeat, there is no contractual relationship between A & C.

When you say what you said above, you bring in an emotional value, which has no relevance to the contractual one. If you want to add a moral value, then there it is: The moral obligation is for B to repay A. Once A has flogged off the debt to C, there is no moral obligation for B to pay C, since he didn't borrow the money from them.

climbingoutoftheabyss

What worried me was the fact that the financial institutions are so eager to apply for a charging order and then sell properties.

I am on a DMP, I've done it for 2 years and increased my payment at the end of year 1. Although I have been made redundant I am hoping to be back in work soon and if I can get a better salary I will increase my payment again - but the thought that it takes only 1 debtor to get a charging order and then apply to sell my house frightens the life out of me and I didn't sleep last night.

Yes, I owe the money, but I will pay it back, all I am asking for is time