loan taken out before April 07 you may be entitled to have the balance cleared

CHR15

So anyone who thinks you should repay the money someone LENT to you is rude???

It was a LOAN not a GIFT which you whittled away on nothing and think it only right you walk away from those mean people wanting it back.

becky81

CHR15 wrote: »

So anyone who thinks you should repay the money someone LENT to you is rude???

It was a LOAN not a GIFT which you whittled away on nothing and think it only right you walk away from those mean people wanting it back.

I didnt say that at all!! The way people are speaking to me on here is rude!

Credit-Crunched

becky81 wrote: »

I didnt say that at all!! The way people are speaking to me on here is rude!

We have not been rude, all we have suggested is that as you benefited from the money, you should pay it back.

Interest rates are going up on personal loans when BOE are going down because of such companies, banks are scared to lend cash as people are not paying them back.

Would you lend money to someone that refused to pay you back on a technicality?

I am sorry if you think we are being rude, we are not. Jsut stating facts.

newlywed

becky81 wrote: »

However, due to new legislation:

• 75% of you debt can now be potentially written off
• Intrest on you'r debts can be frozen
• Affordable payments can be arranged

Completely aside from the pay back what you borrowed debate...


Does anyone else think this sounds very much like an IVA advert????

75% of debt written off???


OP check out Martin's posts about IVA's before you agree to anything from this company. Just in case it is one of those

becky81

Credit-Crunched wrote: »

We have not been rude, all we have suggested is that as you benefited from the money, you should pay it back.

Interest rates are going up on personal loans when BOE are going down because of such companies, banks are scared to lend cash as people are not paying them back.

Would you lend money to someone that refused to pay you back on a technicality?

I am sorry if you think we are being rude, we are not. Jsut stating facts.

I understand that, but as i said was trying to help

becky81

Hi can someone please let me know how i delete this tread please?

Credit-Crunched

becky81 wrote: »

Hi can someone please let me know how i delete this tread please?

Why?

petermb_2

Hi Becky,
Welcome to the lenders poodle land.
Let's put you a little straighter.
There are some issues with credit agreements and there are some issues with PPI.

For someone to put on a website that all loans prior to a certain date can be written off is quite frankly off their rocker. Or are they? Usually it is a company that is seeking your hard earned money up front to take on your seemingly simple claim.

Dont be fooled by these companies but on the other hand dont be fooled by the lenders poodles either. The poodles will have you believe that the lenders can do not wrong and it is your moral obligation to repay your debts even when the lenders have either ripped you off or acted totally contrary to UK Law.

Somewhere in the middle is the correct ground and you just have to seek out the right way.

Credit-Crunched

"The poodles will have you believe that the lenders can do not wrong and it is your moral obligation to repay your debts even when the lenders have either ripped you off or acted totally contrary to UK Law."

If they have ripped people off then fine Petermb, however if you are suggesting that writing off a debt on a technicality is morally right then your views are somewhat bizarre.

I am not condoning the mis selling of insurances or underhand tactics to lure people in, however if money is lent to someone, who applies for a loan and the only thing wrong in that transaction is the lack of a CA due to an administration error, then i feel it should be re-paid.

Our banking system is in meltdown for various reasons, however giving lenders more to fear about lending money will not aid our contures recovery.

petermb_2

Loans will not be written off for mere technicalities. The Consumer Credit Act is far more robust than that. Furthermore there were changes in the law in 2006 that made it more difficult to make a loan unenforeceable.

Do you really think the lenders are uaware of the issues that now surround their industry? This is not all caused by the credit crunch. They know that they have commited these errors and they know very well that they have gotten very wealthy on the back of mis-selling policies. Many are battoning down the hatches to deal with the cost of settling legitimate claims against them when they have breached the law. Many have or are in the process of building up contingency funds to cover the claims that are due.

The banking system is in meltdown right now because of the greed and arrogance of the banking system and those that have profitted from it and who are now withdrawing their money to protect their assets.