Unenforceable Credit Agreements

hur575

If it does work, then do it yourself do not pay anyone to do it for you, the consumer forum can help with template etc.I took my loan, and I will pay them.

oldagetraveller

Here we go again! This subject has been "done to death" in other threads.
You spent it - pay it back, end of story.

hur575

oldagetraveller wrote: »

Here we go again! This subject has been "done to death" in other threads.
You spent it - pay it back, end of story.

Well, the same can be said about claiming charges!! You get yourself there you pay your fines!!! before anyone start, if there was a loophole I would not need it as I took the loan, I will pay it back , exactly like choosing not to claim any bank charges but that is my choice, and I do not pass my judgments on others. It is a forum where people asking for help, if there is a legal way or not!! They do not need us to tell them what to do.

noah271007

This is a very interesting thread here!

I am not looking to take advantage of the so called loophole in getting debts written off because of incorrect or lack of CCA agreement. I am a better person than that. It is not fair on everyone as far i am concerned. I do wholly agree with Proliant's comments that you should pay back what you owe, no if or buts!!

However, I have not seen anyone mentioning that after the debt has been PAID BCK IN FULL and SETTLED, is it possible to get the creditors who have not found CCA agreement/incorrect paperwork to get them remove data from credit ref agencies? This would be very useful for those who have adverse data (late payments etc) and want to clean up their credit files.

I do have some late payments going back 2005 (account settled 2007), and like to have the data removed from CRAs on the basis there is no CCA agreement or incorrect paperwork.

This seems to be an ideal solution, as in the example i just made, the creditors will not write off debts owed by debtors... it is all to do with whether the CCA agreement is valid for the data to be held by CRA's.

Any advice would be great.

bert&ernie

noah271007 wrote: »

This is a very interesting thread here!

I am not looking to take advantage of the so called loophole in getting debts written off because of incorrect or lack of CCA agreement. I am a better person than that. It is not fair on everyone as far i am concerned. I do wholly agree with Proliant's comments that you should pay back what you owe, no if or buts!!

However, I have not seen anyone mentioning that after the debt has been PAID BCK IN FULL and SETTLED, is it possible to get the creditors who have not found CCA agreement/incorrect paperwork to get them remove data from credit ref agencies? This would be very useful for those who have adverse data (late payments etc) and want to clean up their credit files.

I do have some late payments going back 2005 (account settled 2007), and like to have the data removed from CRAs on the basis there is no CCA agreement or incorrect paperwork.

This seems to be an ideal solution, as in the example i just made, the creditors will not write off debts owed by debtors... it is all to do with whether the CCA agreement is valid for the data to be held by CRA's.

Any advice would be great.

So you want to use a "loophole" to suppress the true details of your past sloppiness in handling credit? I would have though you'd be a better person than that?

noah271007

bert&ernie wrote: »

So you want to use a "loophole" to suppress the true details of your past sloppiness in handling credit? I would have though you'd be a better person than that?

Bert&ernie, i don't think you should be questioning my intentions without checking facts. If CCA is not valid in any shape or form, then lenders have NO right to continue reporting data held by CRA's and as such should be removed. A "loophole" in my view is people taking the advantage of not paying debts.

I am not going to buckle my responsibilities in paying back what i owe with interest. I have a clear conscience but for you to reserve judgement about true details of my sloppiness in handing credit is bang out of order.

The circumstances at the time, for my lender to put 3 late payments were extremely harsh. It was related to an ongoing dispute with my account. There are people, maybe on this thread too, out there who have been treated like s*hit and messed about by financial organizations through no fault of their own actions. Life is tough but don't tell me there is one rule for the people who lend money and one rule for those who borrows.

The credit system at present is unfair in many respects, and need reforming.

bert&ernie

noah271007 wrote: »

Bert&ernie, i don't think you should be questioning my intentions without checking facts. If CCA is not valid in any shape or form, then lenders have NO right to continue reporting data held by CRA's and as such should be removed. A "loophole" in my view is people taking the advantage of not paying debts.

I am not going to buckle my responsibilities in paying back what i owe with interest. I have a clear conscience but for you to reserve judgement about true details of my sloppiness in handing credit is bang out of order.

The circumstances at the time, for my lender to put 3 late payments were extremely harsh. It was related to an ongoing dispute with my account. There are people, maybe on this thread too, out there who have been treated like s*hit and messed about by financial organizations through no fault of their own actions. Life is tough but don't tell me there is one rule for the people who lend money and one rule for those who borrows.

The credit system at present is unfair in many respects, and need reforming.

Sorry, have I touched a nerve?

My first question was entirely rhetorical. Its quite clear what your intention is - you want to hide details of your credit history. I don't have a problem with this, but I do question your assertion that you are a "better person" because of how you choose to make use of an agreement being unenforceable. Neither does it make it any more or less of a "loophole", "technicality" or whatever else you want to call it.

If you believe that the lender has a moral duty to repay the debt, then I find it slightly confusing that you feel the lender doesn't also have a moral duty to inform other prospective lenders of the borrowers conduct. This seems to me like a rather arbitrary distinction. Then again, morals never were my strong point.

I really have no desire to see you unbuckle anything - least of all your responsibilities. I'm glad your conscience is clear, but I don't understand why you are so upset about me reserving judgement on you - I can assure you that I have no interest in the details of your past sloppiness and certainly have no intention of passing judgement on it.

Incidentally, I think you have every right to get the details of an unenforceable debt removed from the CRA records. However, I don't expect you will receive a lot of constructive or practical advice here - try the Debt Free Wannabe board or the Consumer Action Group's forums - the latter will have plenty. Do let us know how you get on though.

IMHO, I doubt it is worth the hassle just to remove three late payments dating back to 2005.

.

PROLIANT

bert&ernie wrote: »

Then again, morals never were my strong point.

Straight up Berni lad? :shhh:

bert&ernie

PROLIANT wrote: »

Straight up Berni lad? :shhh:

Where do you stand on Noah's predicament? The credit related one that is, rather than the whole ark thing,

withnell

I believe those people who had 100k frozen / written off had about 100k in irrecoverable costs.....