writing off loans

mikeboleyn

Hello folks, I'm new around here and I was wondering about these company's that offer to find a clause in loan agreements that enable them to get you out of repaying the outstanding balance, anybody know or, had any dealings with any of them and, what was the outcome?

jonesMUFCforever

If it involves you paying them a fee then probably it is a scam.
You can do what they do for free or you could just pay back what you borrowed.

Apples2

jonesMUFCforever wrote: »

or you could just pay back what you borrowed.

It'll never catch on. :rolleyes::rolleyes:

cyril82

LOL...it doesn't take long for the moral crusaders to pounce on these threads does it...

You didn't even ask why they were asking about unenforceability, i.e. do they just want to avoid responsibility? or are they being sqeezed for extortionate interest? is the lender trying to take their house for a £4,000 debt? Are they being harrassed by a scum bag debt collector who bought the debt for a pittance??

But why let anthing get in the way of a good old bit of self righteous moral preaching.. eh crusaders??

jonesMUFCforever

cyril82 wrote: »

LOL...it doesn't take long for the moral crusaders to pounce on these threads does it...

You didn't even ask why they were asking about unenforceability, i.e. do they just want to avoid responsibility? or are they being sqeezed for extortionate interest? is the lender trying to take their house for a £4,000 debt? Are they being harrassed by a scum bag debt collector who bought the debt for a pittance??

But why let anthing get in the way of a good old bit of self righteous moral preaching.. eh crusaders??

The time to ask what the interest rate is BEFORE you sign on the dotted line not after.

stebiz

I've had 5 Credit Cards and Loans made unenforceable through the courts, going back upto 3 years ago, so I guess you could say I was one of the first to do so. I am awaiting an appeal on a further Card. I also have 2 others threatening Court Action. In all I will have evaded paying nearly 40k.

Last week I had one of the other 2 outstanding accounts ring me and said I had a 'moral' obligation to pay. This was from a debt collector, saying I had no 'morals'.:D

I think it is also very important to point out that they aren't actually 'written off'. They are just made unenforceable in court, which means that the debt collectors can't chase them through the courts or harass you for payment. Being technical about it, it is not actually written off, but essentially it is the same.

I defended myself in all cases.

Regards
Stebiz

PS Just for interest - what is the difference between a bankrupt who writes off hi/her debts, and somebody who uses the law to make CCA's unenforceable??

cyril82

jonesmufcforever wrote: »

the time to ask what the interest rate is before you sign on the dotted line not after.

yyyyaaaaaawwwwnnnnn...........................................

simon_templar_2

"company's that offer to find a clause in loan agreements that enable them to get you out of repaying"

Cyril, this seems to me the bit where the 'moral crusaders' take umbridge .

cyril82

simon_templar wrote: »

"company's that offer to find a clause in loan agreements that enable them to get you out of repaying"

Cyril, this seems to me the bit where the 'moral crusaders' take umbridge .

yyyyyaaaaawwwwwnnnnn...................


More moral whining....what gives you guys the right to judge anybody??

The government never took your moral opinions into consideration when passing the laws which state certain agreements are unenforceable so why should anyone else..... (rhetorical)

simon_templar_2

What gives you the right to ask people what gives them the right? Furthermore why do you spend so much time on a moral crusade against those who you judge to be on a moral crusade?

cyril82

simon_templar wrote: »

What gives you the right to ask people what gives them the right?

The same thing that gives you the right to judge people you know nothing about....................................NOTHING!!




POINT MADE I THINK :beer: