credit card clearance

never-in-doubt

mr_pies wrote: »

Can anyone tell what is to stop someone who has a credit card issued to them before 2007, going out spending loads of money on it and then attempting to get the debt written off?

People do it, its no secret but it is of course, morally wrong and could be illegal in some cases - especially if you have no intentions of repayment. Nor recommended.

never-in-doubt

dzug1 wrote: »

Concern about their future creditworthiness maybe?

well that would be affected by the unenforceability issues, so wouldn't play too much of a factor to be honest..... :beer:

i.e. your credit file will already be knacked but at least they cannot pursue you for the debt.

Innocent_Guy

never-in-doubt wrote: »

well that would be affected by the unenforceability issues, so wouldn't play too much of a factor to be honest..... :beer:

i.e. your credit file will already be knacked but at least they cannot pursue you for the debt.

If the CCA is invalid can they still share your data?

mr_pies

So there must be not so honest people out there laughing literally all the way to the bank?

Its so wrong, i work 80 hours a week sometimes to pay my way in life and i always try to be a morally upstanding person.

Simon_Preston

I got an email from a Nigerian prince yesterday. Needs me to unlock his cash held in his bank account for him.

never-in-doubt

mr_pies wrote: »

So there must be not so honest people out there laughing literally all the way to the bank?

Its so wrong, i work 80 hours a week sometimes to pay my way in life and i always try to be a morally upstanding person.

Yes there are people who do this but risk prosecution by the lender as it would be easy to prove.

When you cannot pay, usually the pattern of events would show a maxed out card with min payments every month for a few months prior to falling behind.....

I agree it is wrong, but not everyone has our morals....

never-in-doubt

Innocent_Guy wrote: »

If the CCA is invalid can they still share your data?

Yes until you get them to remove it which is at their discretion.... basically the debt is unenforceable but the debt does remain - just means they do not pursue you for it.

this means the adverse data can also stay, unless you know how to get it removed (template letter is on the thread page 1) :rotfl:

~Brock~

Simon_Preston wrote: »

I got an email from a Nigerian prince yesterday. Needs me to unlock his cash held in his bank account for him.

What....you mean.....a real prince? Wow, sounds great - you must be really proud to have been chosen :rotfl:

In all seriousness those types of emails seem to have died out in favour of online bank phishing, but check here for ideas on how to deal with them - brilliant stuff

prasad581

[B]Q][/B] Can my credit card debt really be written off?
[B]A][/B] Yes, in certain cases it can but it is called unenforceability - it is not written off as such. 
 
[B]Q][/B] How can it be written off?
[B]A][/B] Easily, the lenders may have used incorrect forms which were not legally binding.
 
[B]Q][/B] What dates are valid to claim?
[B]A][/B] If you took your card before April 2007 then you have a good chance to look unenforceability.
 
[B]Q][/B] What are the Prescribed terms?
[B]A][/B] See [B][COLOR=red]Here[/COLOR][/B] for full details.
 
[B]Q][/B] Should I use one of those companies that claim to do it for me?
[B]A][/B] [COLOR=red][B][U]NO[/U]![/B][/COLOR] They are a waste of money! See the links below for some stories...

thank you for posting useful info

gomer

Thank you for posting spam.