Unenforceable Credit Agreements

LongTermLurker

ILW wrote: »

Setting aside the legality, would you consider shoplifting morally OK if you were hungry?

No - I'd find some way to earn my food, or I may turn to charities. I may even resort to begging for the food, but I don't think I'd lower myself to stealing it.

pink_princess

Im not argueing with any of the points made ,i just think when people ask for help we should either give it or not comment.To do otherwise serves no other purpose than to hurt .The op didn t ask for peoples opinions on what she should do or what is morally right.She just asked for a bit of help,if you don t want to help this is your perogative .
It would make a good debate on the discussion thread and i think it could be well balanced without it singleing out individual posters like this.It just comes across as bullying.Some thing i think damages this wonderful websites reputation.
PP

[Deleted User]

I would say im suprised with the idiocy of certain forum members who dont understand (lack of education?) what is wrong with the OPs question.

Dont be a Leach, If you have debts, pay them off, simple as. You are the same, if not worse than Benefit frauds and the Fat cats of the very banks you are trying to screw.

I believe this legislation is being misused by people who simply cant accept responsibilty for their own actions, whilst i agree asking questions here (usually) shouldnt be greeted with such a response, i think its quite obvious on this occasion what sort of response would be given.

How would you feel if someone drove into your brand new car and they wernt insured? Legally you cant do anything because its a free (quite literally;) ) society.

pink_princess

Supercharge_Me wrote: »

I would say im suprised with the idiocy of certain forum members who dont understand (lack of education?) what is wrong with the OPs question.

Dont be a Leach, If you have debts, pay them off, simple as. You are the same, if not worse than Benefit frauds and the Fat cats of the very banks you are trying to screw.

I believe this legislation is being misused by people who simply cant accept responsibilty for their own actions, whilst i agree asking questions here (usually) shouldnt be greeted with such a response, i think its quite obvious on this occasion what sort of response would be given.

How would you feel if someone drove into your brand new car and they wernt insured? Legally you cant do anything because its a free (quite literally;) ) society.

That is your belief and one you have a right to ,but who gives you the right on a forum for financial help to not help but critisise.This is not what MSE is for ,as i say there are forums on here for debate .I find your response quite bad mannered also that you think because people don t agree with you then it is just a lack of education.
I don t disagree ,i just think that to not help some-one would make me a worse person in life.
Its upto the goverment to close loop holes not upto people to verbally abuse people overthem.
This is achieving nothing and i won t be returning to the thread.I just hope when you s need help one day you s aren t met with the level of assistance you provided to the OP.
PP

[Deleted User]

pink_princess wrote: »

i won t be returning to the thread.

Good.:rolleyes:

PROLIANT

Right, enough with the softly softly brigade!
You borrow therefore you pay back - Jesus Christ what is it that you simpletons can't get in to your numb skulls?
If you enter financial hardship then work with your creditors to sort something out, don’t try and switch it on them because you decide it is no longer your problem weather indeed it was your direct or indirect doing.
Shat happens in life - that is what ASU (Accident, Sickness and Unemployment) policies are for, £18 per month to cover yourself is not much of a sacrifice.

Come on people, sort it out!

druss

For the 'uneducated' made to feel like naughty school kids from the overzealous 'helpers' on this forum the following is a statement to a press officer from FRANCIS BENNION the original author of the consumer credit act.

Consumer Credit Act 1974 s 127(3)

As the draftsman of the Consumer Credit Act 1974 I would like to thank Dr Richard Lawson
for his interesting and well-argued article (30 August 2003) on Wilson v First County Trust
Ltd [2003] UKHL 40, [2003] 4 All ER 97.

Dr Lawson may be interested to know that I included the provision in question (section
127(3)) entirely on my own initiative. It seemed right to me that if the creditor company
couldn’t be bothered to ensure that all the prescribed particulars were accurately included in
the credit agreement it deserved to find it unenforceable, and that the court should not have
power to relieve it from this penalty. Nobody queried this, and it went through Parliament
without debate.

I’m glad the House of Lords has now vindicated my reasoning and confirmed

that nobody’s human rights were infringed.




In leymans terms 'serves them right for not following the rules.'

Please bear in mind the lenders have only had 35 years to get the rules right, so it is quite new to them.

The House of Lords and Francis Bennion have applied much thought to this, it's a shame the lenders didnt, maybe they will next time!

[Deleted User]

Come off it, i think you know thats not the point..

Screwing the banks, teaching them a lesson etc etc has a knock on effect for everyone else, even the individual in the first place, and i would say even more so in the current climate so..well done.

Thanks all the same.

PROLIANT

What poison has turned this country to this? American fascist, fat greedy grease drinking, McDonalds worshiping, trigger happy pigs?
Or was it a deprived childhood?
You people disgust me, in fact you more than disgust me I am ashamed to address you as fellow countrymen and women, what happened to living within your means? What happened to common courtesy for your fellow peer?
Where is your back-bone, why can't you just dampen the greed that drives you and look at a different set of goals, strive to be better - and more honest, it does pay I can assure you, you may be happy for a moment when you claim your prize from court, but you must be really sad and empty in side if that is what it takes to satisfy your desires in life.
Sorry I can't see your world; I guess Specsavers don't do Rose tinted lenses in my prescription.

bert&ernie

PROLIANT wrote: »

What poison has turned this country to this? American fascist, fat greedy grease drinking, McDonalds worshiping, trigger happy pigs?
Or was it a deprived childhood?
You people disgust me, in fact you more than disgust me I am ashamed to address you as fellow countrymen and women, what happened to living within your means? What happened to common courtesy for your fellow peer?
Where is your back-bone, why can't you just dampen the greed that drives you and look at a different set of goals, strive to be better - and more honest, it does pay I can assure you, you may be happy for a moment when you claim your prize from court, but you must be really sad and empty in side if that is what it takes to satisfy your desires in life.
Sorry I can't see your world; I guess Specsavers don't do Rose tinted lenses in my prescription.

Mr P, you really need to try not getting so wound up about this. After all, nobody has died - there are worse things in the world than an few individuals getting out of their debts.

If something like this makes you so upset, then your blood pressure must be dangerously high. I would advise that you steer clear of newspapers - especially the Daily Mail - you could do yourself a mischief!