Unenforceable Credit Agreements

FireworkCrazy

I think it's fine to try and find a loophole out of not paying the money you have spent. BUT if you do and are successfull you should never be given any form of credit again.

PROLIANT

FireworkCrazy wrote: »

I think it's fine to try and find a loophole out of not paying the money you have spent. BUT if you do and are successfull you should never be given any form of credit again.

At last! Common sense prevails.

HeimRoller

An interesting, if somewhat emotive debate.
I have seen adverts from companies that will take these cases on the public's behalf. This made me wonder what it is all about so thought I owuld have a hunt on good old MSE. Don't think I have ever seen an OP shot down in flames like this on any other thread! In fairness to the OP they asked a question which I thought the friendly people here would answer, as I have continued through the thread it has amazed me to see the poison spilling out of people. Wonder if some of those people will ever want help and wonder if they will expect people to be civil to them?
I actually thought I would try and find out more about this as I am working very hard to reduce my debts and come to agreement with providors for ways to pay them back (personal circumstances changing which will affect income), I am being proactive. I thought that this agreement thing may be a good negotiating stick, but am now scared to ask for any more help in case I am called a parasite or such.

PROLIANT

HeimRoller wrote: »

An interesting, if somewhat emotive debate.
I have seen adverts from companies that will take these cases on the public's behalf. This made me wonder what it is all about so thought I owuld have a hunt on good old MSE. Don't think I have ever seen an OP shot down in flames like this on any other thread! In fairness to the OP they asked a question which I thought the friendly people here would answer, as I have continued through the thread it has amazed me to see the poison spilling out of people. Wonder if some of those people will ever want help and wonder if they will expect people to be civil to them?
I actually thought I would try and find out more about this as I am working very hard to reduce my debts and come to agreement with providors for ways to pay them back (personal circumstances changing which will affect income), I am being proactive. I thought that this agreement thing may be a good negotiating stick, but am now scared to ask for any more help in case I am called a parasite or such.

Your doing the right thing at the moment, don't go down the other road - nothing to gain.

Silver_Rocket

PROLIANT wrote: »

Your doing the right thing at the moment, don't go down the other road - nothing to gain.

Apart from getting rid of a whole load of debt you are struggling to pay.

HeimRoller

PROLIANT wrote: »

Your doing the right thing at the moment, don't go down the other road - nothing to gain.

Yeah I know that, but at least wanted to arm myself with the information so that I could say something like "please give me a bot of time to pay, surely that would be better all round rather than I use nnn loophole".

PROLIANT

Silver_Rocket wrote: »

Apart from getting rid of a whole load of debt you are struggling to pay.

The choice is either pay it or not i.e. just walk away from it and allow nature to run its course, don't shrug off the debt and at the same time ask for it to be written off leaving your credit rating intact and claiming money back from the business that you are shafting!
I can think of an analogy that I used elsewhere; "It’s like sleeping with a married mans wife then giving a husband a kicking afterwards".

HeimRoller

Silver_Rocket wrote: »

Apart from getting rid of a whole load of debt you are struggling to pay.

So care to tell me more, or send me a link so I can arm myself with teh information?

Silver_Rocket

FireworkCrazy wrote: »

I think it's fine to try and find a loophole out of not paying the money you have spent. BUT if you do and are successfull you should never be given any form of credit again.

Why?

The banks have teams of lawyers drawing up their agreements for them. They should conform with every aspect of the law. If they don't it's the banks fault. I've worked in legal finance - people who do are employed to ensure the law is followed to the letter.

Silver_Rocket

HeimRoller wrote: »

So care to tell me more, or send me a link so I can arm myself with teh information?

Try the consumer action group site - lots of good advice there.

And none of this deference to fat cats.