Credit Card & Loan Balance's Wipped Clean !!!

uktyler

bert&ernie wrote: »

I can understand the moral objection, but I don't see the point in preaching about it - other than perhaps it re-enforces ones own view of the world and fosters a sense of moral superiority.

I can't speak for others, but the reason I post is that one sided threads would make the people in the moral middle ground think that it is acceptable to borrow money and not pay it back.

I don't have a sense moral superiority, but I do have morals.

I don't want to pay for others who can't be bothered to pay back money. Luckily I won't be in that position as soon I won't need any credit, and won't be paying any tax.

bert&ernie

uktyler wrote: »

I agreed with you right up to this point, it's not right to make abusive posts, but it's OK to make insulting ones?

Yes, i don't think we should conflate insult and abuse. Arguably, a remark can be abusive without being insulting and vice versa.

I have variously described PROLIANT's behavior as childish. Would you class this abusive? To use the term "pathetic" wouldn't be too far wide of the mark IMHO.

bert&ernie

uktyler wrote: »

I can't speak for others, but the reason I post is that one sided threads would make the people in the moral middle ground think that it is acceptable to borrow money and not pay it back.

I don't have a sense moral superiority, but I do have morals.

I don't want to pay for others who can't be bothered to pay back money. Luckily I won't be in that position as soon I won't need any credit, and won't be paying any tax.

Good for you, your parents must be proud.

It must be wonderful not to need credit or pay any tax. Is this because you are "economically inactive" or are you wealthy and/or have a good accountant?

uktyler

bert&ernie wrote: »

It must be wonderful not to need credit or pay any tax. Is this because you are "economically inactive" or are you wealthy and/or have a good accountant?

Its because I work hard, and only buy the things I need, so don't have much debt. We sold our house before the crash started and have purchased a small holding in Europe.

I'm definitely not wealthy, I won't pay tax because I will only work a few months a year, so under the tax threshold. I won't be able to get credit as I won't be working full time.

If I want anything I will have to save up for it, my parents did that, I did the same as a child, but people today don't. If they want something they buy it on credit. Cars, sofas, computers, you name it, you can get credit for it. The problem is that before its paid off what you brought is worthless.

I guess I'm old fashioned, don't borrow unless you can afford to pay it back and only if you need to, don't borrow because you want something.

bert&ernie

uktyler wrote: »

Its because I work hard, and only buy the things I need, so don't have much debt. We sold our house before the crash started and have purchased a small holding in Europe.

I'm definitely not wealthy, I won't pay tax because I will only work a few months a year, so under the tax threshold. I won't be able to get credit as I won't be working full time.

If I want anything I will have to save up for it, my parents did that, I did the same as a child, but people today don't. If they want something they buy it on credit. Cars, sofas, computers, you name it, you can get credit for it. The problem is that before its paid off what you brought is worthless.

I guess I'm old fashioned, don't borrow unless you can afford to pay it back and only if you need to, don't borrow because you want something.

So your fortune is simply down to your virtue whilst anyone else's misfortune must be down to their own !!!!lessness. Nice! Except that, in your case, you have benefited from the massive inflation in house prices caused by cheap credit and the willingness of so many to borrow beyond their means.

You cashed in at just the right time, and have chosen to leave us all with the bill for the years of excess. You're alright Jack. I trust you'll be popping back occasionally to see how we're coping (and perhaps for a bit of NHS healthcare).

bert&ernie

whats wrong with f-e-c-klessness?

skintandscared_2

What a hilarious thread! The funniest thing about it is that it is pointless! Even if this legislation regarding clauses in CCA's before 2007 IS true, the debt is not "wiped". It is merely "unenforceable". It doesn't disappear! Anyone choosing to go down this path will merely have all that debt listed as defaulted on their credit file for the rest of their lives. It is financial suicide. I have no idea why anyone would be stupid enough to do it - let alone PAY for the privilege!!!

uktyler

bert&ernie wrote: »

So your fortune is simply down to your virtue whilst anyone else's misfortune must be down to their own !!!!lessness. Nice! Except that, in your case, you have benefited from the massive inflation in house prices caused by cheap credit and the willingness of so many to borrow beyond their means.

You cashed in at just the right time, and have chosen to leave us all with the bill for the years of excess. You're alright Jack. I trust you'll be popping back occasionally to see how we're coping (and perhaps for a bit of NHS healthcare).

I owned a house for less than four years, and spent money doing it up, we also saved from working hard. We took under £20k out of the house, how much of that was from the improvements, and how much due to the massive inflation in house prices, I don't know.

I have chosen to leave you with the bill for all the years of excess, but whose excess exactly? Not mine, I've been frugal and saved my money. I'll be popping back to work every now and then, but I won't be timing my visits with getting sick, because then I won't be able to work.

If others want to squander money then that is down to them, If our house had not gone up due to the massive inflation in house prices then I would still be doing the same thing, but it would of taken a few years of saving.

I take reponsibility for my actions, and plan my finances, I only use credit as a last resort.

What annoys me is the people that get into debt through their own financial supidity, and then blame the banks for lending them the money, or people who complain they have no money but don't want to work harder to get it.

PROLIANT

Just to clarify a few things before I unsubscribe to this merry-go-round, for the point raised as to my state of mind well...I am ok, thank you for the concern, with regard to Bert's comment regarding my opinions and the fact that when a comment is made outside of "my world" I spit my dummy out....not entirely true I am just filled with frustration at these threads and their "guardians" who keep citing the same rubbish over and over again, nothing useful or constructive to report. As a final thought, in my unstable mind-state.......get on with it, but don’t come on here looking for advice when your credit reports are riddled with default markers et al.


Good luck

Mr P

bert&ernie

skintandscared wrote: »

What a hilarious thread! The funniest thing about it is that it is pointless! Even if this legislation regarding clauses in CCA's before 2007 IS true, the debt is not "wiped". It is merely "unenforceable". It doesn't disappear! Anyone choosing to go down this path will merely have all that debt listed as defaulted on their credit file for the rest of their lives. It is financial suicide. I have no idea why anyone would be stupid enough to do it - let alone PAY for the privilege!!!

Such an insightful piece of analysis. You are making an assumption that the lender cant be prevented from defaulting the account or that the CRA records can't be deleted. I'm not going to say with any certainty that they can, but I don't think you are in a position to make your statement as if it were a matter of fact.

Lets for one minute assume that you are correct. This would still help someone who is at risk of being pursued through the courts for the debt. So, depending on circumstance, it may not be as stupid as you say.

I'll agree that paying someone to do this for would appear to be unwise - given that you could do it yourself.