Unenforceable Credit Agreements

TheExpert

Silver_Rocket wrote: »

I know your analogy is garbage.

And I know your take on the redundancies is garbage.

My analogy is very similar to something that is going on right now between my neighbour and I with the exception that there was no TV and the moneys are repaid.

My take on redundancies is from a combination of half of my firm being made redundant recently, many of my friends and some close relatives being made redundant now or recently and other people I talk to having similar experiences.

I know that all redundancies within my firm had nothing to do with buying any american bonds and all business losses amount to purely people not repaying money they borrowed.

I won't bother with any further replies to halfwits, promoting and supporting the minority of people in this country in bringing down the whole economy and the majority (those with brains in the heads) down along with themselves.

Silver_Rocket

TheExpert wrote: »

My analogy is very similar to something that is going on right now between my neighbour and I with the exception that there was no TV and the moneys are repaid.

My take on redundancies is from a combination of half of my firm being made redundant recently, many of my friends and some close relatives being made redundant now or recently and other people I talk to having similar experiences.

I know that all redundancies within my firm had nothing to do with buying any american bonds and all business losses amount to purely people not repaying money they borrowed.

I won't bother with any further replies to halfwits, promoting and supporting the minority of people in this country in bringing down the whole economy and the majority (those with brains in the heads) down along with themselves.

It's really got nothing to do with a legal agreement under the CCA.

Everything that is going on just now is either directly or indirectly to do with bonds and other casino capitalism like investment banking.

petermb_2

TheExpert wrote: »

My analogy is very similar to something that is going on right now between my neighbour and I with the exception that there was no TV and the moneys are repaid.

My take on redundancies is from a combination of half of my firm being made redundant recently, many of my friends and some close relatives being made redundant now or recently and other people I talk to having similar experiences.

I know that all redundancies within my firm had nothing to do with buying any american bonds and all business losses amount to purely people not repaying money they borrowed.

I won't bother with any further replies to halfwits, promoting and supporting the minority of people in this country in bringing down the whole economy and the majority (those with brains in the heads) down along with themselves.

That appears to be a very insular viewpoint to be honest. You have to look at economies as a whole. There is a worldwide ressession. Is that all down to claims in the UK Financial Services Industry? Is that what you are saying?

The economies of the world are faltering but it has nothing to do with a worldwide problem? Simply all down to the heathens who want to challenge their loans when they have been ripped off, in ths country?

You appear to be giving your "Expert" opinion from a personal standpoint rather than a factual one.

Silver_Rocket

petermb wrote: »

That appears to be a very insular viewpoint to be honest. You have to look at economies as a whole. There is a worldwide ressession. Is that all down to claims in the UK Financial Services Industry? Is that what you are saying?

The economies of the world are faltering but it has nothing to do with a worldwide problem? Simply all down to the heathens who want to challenge their loans when they have been ripped off, in ths country?

You appear to be giving your "Expert" opinion from a personal standpoint rather than a factual one.

You know your stuff mate and I've worked six years in legal finance and six years in a related civil service department and I'm now moving into insolvency. I'm seriously disturbed by some of the people giving out advice on here and their understanding of the law, economics and finance.

I think this thread is a warning to anyone coming on here looking for advice to make sure you check anything these people tell you with the CAB or another debt counselling service.

petermb_2

Silver_Rocket wrote: »

You know your stuff mate and I've worked six years in legal finance and six years in a related civil service department and I'm now moving into insolvency. I'm seriously disturbed by some of the people giving out advice on here and their understanding of the law, economics and finance.

I think this thread is a warning to anyone coming on here looking for advice to make sure you check anything these people tell you with the CAB or another debt counselling service.

I have been involved in the Financial Claims market for over 6 years. Longer than most people even knew such stuff existed.
I have said many times, the lenders have been getting away with fraud and bribery (not my words but an appeal court judge's) for decades. It was illegal then and it is illegal now and so the borrower has the right to challenge. If that puts those lenders in jeopardy who is to blame? Perhaps if those same insitutions had kept more money in the pot instead fo paying £millions in bonuses for those at the top the effects now would not be so hard to handle for those at the bottom who now face redundancy.

Silver_Rocket

petermb wrote: »

I have been involved in the Financial Claims market for over 6 years. Longer than most people even knew such stuff existed.
I have said many times, the lenders have been getting away with fraud and bribery (not my words but an appeal court judge's) for decades. It was illegal then and it is illegal now and so the borrower has the right to challenge. If that puts those lenders in jeopardy who is to blame? Perhaps if those same insitutions had kept more money in the pot instead fo paying £millions in bonuses for those at the top the effects now would not be so hard to handle for those at the bottom who now face redundancy.

I'm aware of a huge amount of dishonesty on the part of the lenders. I've seen lenders trick borrowers into signing securities because their incompetent staff have lost the originals and don't have a charge. I've seen lenders lend to bankrupts and people with other outstanding court actions - I believe in the hope of making short term on the interest and recovering the capital when the house is repossessed by the mortgage company. Anyone on here who is in a serious amount of debt will testify to the bullying tactics used by lenders in order to try and get money that people don't have.

I think that if you think that you should behave with morality towards these wholly unethical, parasitical organisations in situations where they have failed to comply with the law you legitimise their tactics. People should fight back any way they can.

petermb_2

Silver_Rocket wrote: »

I'm aware of a huge amount of dishonesty on the part of the lenders. I've seen lenders trick borrowers into signing securities because their incompetent staff have lost the originals and don't have a charge. I've seen lenders lend to bankrupts and people with other outstanding court actions - I believe in the hope of making short term on the interest and recovering the capital when the house is repossessed by the mortgage company. Anyone on here who is in a serious amount of debt will testify to the bullying tactics used by lenders in order to try and get money that people don't have.

I think that if you think that you should behave with morality towards these wholly unethical, parasitical organisations in situations where they have failed to comply with the law you legitimise their tactics. People should fight back any way they can.

I totally agree.

caveaa

To many bankers and MP'S on this thread. Talking the same old tosh.

PROLIANT

caveaa wrote: »

To many bankers and MP'S on this thread. Talking the same old tosh.

Who is the MP and the Banker? Myself an IT Manager, maybe a claims specialist or two and the odd Walter Mitty.
So, you need to re-evaluate your analysis of the thread and gain some factual data before making a statement like that sir.

druss

PROLIANT wrote: »

Who is the MP and the Banker? Myself an IT Manager, maybe a claims specialist or two and the odd Walter Mitty.
So, you need to re-evaluate your analysis of the thread and gain some factual data before making a statement like that sir.

I dont agree with his comment either Proliant but coming from you I do find it odd you ask him to quote facts when you seem to be lacking in this department as well