Irresponsible Lending and Settlements

CLAPTON

bert&ernie wrote: »

If you wanted to ask me a question, even a rhetorical one, you could have at least ended with a question mark. Instead, you simply stated what you presumed I was implying.

OK, I was more interested in a discussion about the role and/or morality of debt collecting rather than an argument about my use of puntuation so I'll let it lie.

bert&ernie

CLAPTON wrote: »

OK, I was more interested in a discussion about the role and/or morality of debt collecting rather than an argument about my use of puntuation so I'll let it lie.

Its not about punctuation, your post simply wasn't a question - it was a statement of what you presumed I was implying. As it happens, I responded to correct that presumption anyway, so what more do you want to discuss?

Budner

sgt.tibbs1977 wrote: »

Do you think banks really leave it at 'no thanks'?

Do you not think that these institutions do not spend millions on professional staff (such as myself, I might add) in ensuring they know which buttons to press and which clients to presurise? It took me 7 years to get HBOS to stop sending me offers of loans that I had no reasonable expectation of paying back! The method I chose after ranting at them, getting compensation via FOS off them was by closing down the account!! Yes, individuals are guilty of irresponsible borrowing but I am afraid that the banks are very guilty of irresponsible lending and should and are being taken to task on it and rightfully so.
People get into debt for many reasons, mostly managable debt, but for some this can, through no fault of there own, spriral out of control. One of the many causes of this is irresponsible lending. For those have borrowed irresponsibly well then the banks really should have done their job, as per the above banking code post, otherwise they face the consequense of loosing their money through insolvency or people taking advantage of the many rules and regulations they SHOULD HAVE applied when dishing out the jollies!
That is my rant over with. Thank you!

Do you HONESTLY think banks want to lend money to people who can't or in most of the cases here, wont repay them? To lend to people who look for spelling mistakes etc to get out of paying? If you do, you have an incredibly poor grasp of economics and banking

bert&ernie

Budner wrote: »

Do you HONESTLY think banks want to lend money to people who can't or in most of the cases here, wont repay them? To lend to people who look for spelling mistakes etc to get out of paying? If you do, you have an incredibly poor grasp of economics and banking

We'll thanks for stating the bleedin' obvious for us Bunder.

Sadly, your grasp of economics and banking doesn't seem to stretch as far as the relationship between risk and return. Lending is fundamentally about managing and exploiting risk. The higher the risk, the higher the potential returns.