Unenforceable Credit Agreements

MABLE

NickX wrote: »

LOL, no definitely a man

Actually I always pictured you as a lady, perhaps around 50 years of age, again don't know why, I guess Mable just sounds like a name attributable to an older lady perhaps. I probably got it wrong too.

Best Wishes for 2009 all the same :beer:

HI Nick,

You are alot better picturing a poster than I am. You are not far out and yes I am in the 50's.

Best wishes to you in 2009 and also for the people who are suffering during these very difficult times.

Mable

Mozette

There is a difference - in my opinion - between trying to legitmately play the system, and trying to dodge paying back money that you have borrowed. I can see the point of challanging unfair and excessive charges and rates, but to try to get out of paying back money that you have borrowed; well to my mind that is theft.

It's like the difference between tax avoidance and tax evasion.

leaphaze

Mozette wrote: »

There is a difference - in my opinion - between trying to legitmately play the system, and trying to dodge paying back money that you have borrowed. I can see the point of challanging unfair and excessive charges and rates, but to try to get out of paying back money that you have borrowed; well to my mind that is theft.

It's like the difference between tax avoidance and tax evasion.

I agree completely. It's people not being able to keep up their payments that has created this crisis in the first place. We may hate the big boys for their money grinding tactics but if they have no confidence in getting their pound of flesh, the money supply will dry up further and most of the money generating techniques we use will have to be shelved.

Having said all that, there's an awlful lot of newly redundant people out there and I'd hate to be in that position with debts.

So, where's OP? What's your situation mate?

Claire_DC

cifpower wrote: »

I know its Xmas and all that (peace and goodwill blah blah) but what really grinds my gears is people (normally new posters) who sign up, pose a question and then !!!!!! off never to ne heard of again!

Do you blame them, with the reception they get for asking the question?

Being polite doesn't cost anything, regardless of peoples opinions.

PROLIANT

Claire_DC wrote: »

Do you blame them, with the reception they get for asking the question?

Being polite doesn't cost anything, regardless of peoples opinions.

Nor does replying to help posted with a little thankyou.

fermi

PROLIANT wrote: »

Nor does replying to help posted with a little thankyou.

Nor does finding out peoples circumstances without shouting them down.

Please don't think that is directed particularly at you. Having seen more than my fair share of those desperately trying to deal with debt on MSE, it is a more general point.

While I agree that those cynically trying to avoid paying debts that they could otherwise afford to pay deserve little sympathy, this is a tiny proportion of the genuine people who post. Most are pretty frantic deep inside.

The occasional spammer or representative of a company looking to make a 'quick buck' out of people in this situation is a different matter, but even then you need to be a little careful not to confuse one with the other.

I think the message of the site is that 'robust discussion' is welcomed, but rudeness is not.

I'm not a BG on this board, so just my opinion, but I hope it makes some sense.

Mozette

fermi wrote: »

While I agree that those cynically trying to avoid paying debts that they could otherwise afford to pay deserve little sympathy, this is a tiny proportion of the genuine people who post. Most are pretty frantic deep inside.

I think the message of the site is that 'robust discussion' is welcomed, but rudeness is not.

You are right about being rude, it's not right, but I would be happy to give whatever help I can to anyone desperate to pay off their debt and needing help with that - and sometimes going bankrupt is the best way, if the situation is so bad - but it is still my opinion that unless you face up to your situation and work an honest way out of it, you're just going to do it again anyway.
I have no sympathy for anyone who - whatever their situation - think that dodging paying what they have borrowed is a good way out.
Though I don't doubt that anyone who did do that - if it is possible - would face dire financial consequences in future. What I hate is the seeming attitude of, I can't afford to pay back money that I've borrowed, but hey, I can get out of paying, so that's okay.

fermi

Mozette wrote: »

You are right about being rude, it's not right, but I would be happy to give whatever help I can to anyone desperate to pay off their debt and needing help with that - and sometimes going bankrupt is the best way, if the situation is so bad - but it is still my opinion that unless you face up to your situation and work an honest way out of it, you're just going to do it again anyway.

I've been there and done that (BR bit I mean), and I'm prepared to accept the consequences.

The guilt and future repercussions are something else, and are something I still have to cope with. Anyone who pretends that is insignificant is foolish or kidding themselves.

But getting back to the point in question, I was a little upset to see people who may may be clutching at straws being shot down in flames.

Not necessarily this thread, but generally.

If people are unsure then maybe they could be directed to DFW? People who are trying to take the proverbial **** from the system get short shrift there as well, but if there is a genuine problem then it can often be sorted.

NickX

Mozette wrote: »

I would be happy to give whatever help I can to anyone desperate to pay off their debt and needing help with that - and sometimes going bankrupt is the best way, if the situation is so bad


I have no sympathy for anyone who - whatever their situation - think that dodging paying what they have borrowed is a good way out.

In actual fact bankruptcy is also a way of dodging repaying debts, and as with challenging a CCA the creditor may end up with nothing. The difference is that bankruptcy will completely trash your credit file, whereas proving a CCA to be unenforceable apparently does not have such a detrimental effect on your credit file.

NickX

fermi wrote: »

But getting back to the point in question, I was a little upset to see people who may may be clutching at straws being shot down in flames.

There is something of a "you borrowed it, you should pay it back" culture on the Credit Card board that does not appear on the Debt Free Wanabee board.

I find that there are many posters who are doing very well out of Credit Cards by stoozing or manipulating 0% deals, and some of these posters can be rather judgemental on those struggling with their debts.

I agree that people should not be shot down in flames, but I also think that these people should be advised away from the "pre-2007 Credit Card Debt wipe-out" companies because these companies just want to take more money from them for services that they could often complete for free.