Unenforceable loans????

StuTheDon

nwph wrote: »

My company has adverts in all the thomson locals throughout yorkshire ,i employ a number of sub contractors ,i only work on the tools 3 days a week ,my books are full up for 12 months ,i install on the warmfront scheme and have secure contacts with all the local businesses .

You can wink all you want ,this forum is amusing, a quick glance at the is my quote fair section makes interesting reading ,on the one hand we have pay all your debts back to the greedy banks ,yet on in the other hand we have i,m not paying a greedy tradesman .

I typed into the internet ,unenforcable loans ,this forum popped up ,i am off to see a fellow this aft ,nothing ventured nothing gained .

You do know mbna write off one billion worth of loans deliberatly every year .

If your business is doing so amazingly well then why have you had to rack up personal debt?

IN_DEBT_4EVA

StuTheDon wrote: »

My comments were not aimed at business lending, or about why the credit crunch exists. It was aimed at personal credit and those trying to avoid it on technicalities.

Good luck with trying to screw the banks for all you can - I just hope that that course of action does not come back to haunt you in a few years. A lot can happen between now and then.

what about all the businesses that have gone bust? isn't that the exact same as us going bust, or even using unenforceability? i'd say so.

no action can come back to haunt him because if he does it properly then he wont be liable for any debt and his credit record should be cleaned as well.

you aint very clued up r u pal?

nwph

StuTheDon wrote: »

If your business is doing so amazingly well then why have you had to rack up personal debt?

Its not, the loan was taken out 4yrs ago for a venture with another partner who would invest the same ,once he came into some money from a different source ,the other partner decided to pull out of the business and do something else with his money eg spend it on his wedding ,new house and basically leave me in the !!!! .

Roll on 4yrs later and my circumstances are completely different ,paying off a lump sum is a waste of capital in my view ,but if this advisor is full of !!!! i'll know within 5 mins .
My friend for instance took out a loan for a new motor ,and a timeshare ,due to a change in his maritial affairs he no longer has access to either asset ,but still has the outstanding loan to pay off .he's basically paying for nothing ,so yes it is annoying ,and yes we can both afford to sustain the debt ,but if there's a chance i can get out of paying it i will try .

StuTheDon

IN_DEBT_4EVA wrote: »

what about all the businesses that have gone bust? isn't that the exact same as us going bust, or even using unenforceability? i'd say so.

no action can come back to haunt him because if he does it properly then he wont be liable for any debt and his credit record should be cleaned as well.

you aint very clued up r u pal?

Firstly, maybe you should consider changing your username as you obviously dont believe what you preach. Got a lot of debt yourself?

Also, I never mentioned businesses - you did. I am fully aware of the difficulties they face, however I was specifically talking about people who have overspent personally and are now looking for ways out of paying for their greed.

Also, your arguement would be much more convincing if you could converse in something other than txt spk.

StuTheDon

nwph wrote: »

My friend for instance took out a loan for a new motor ,and a timeshare ,due to a change in his maritial affairs he no longer has access to either asset ,but still has the outstanding loan to pay off .he's basically paying for nothing

And why exactly is this the bank's fault?

IN_DEBT_4EVA

StuTheDon wrote: »

Firstly, maybe you should consider changing your username as you obviously dont believe what you preach. Got a lot of debt yourself?

Also, I never mentioned businesses - you did. I am fully aware of the difficulties they face, however I was specifically talking about people who have overspent personally and are now looking for ways out of paying for their greed.

Also, your arguement would be much more convincing if you could converse in something other than txt spk.

me username is cushti thx geeza!

i'm asking what is the difference with a business and a person? !!!!!! happens and they r no diff to a person!

i'm not arguing its a discussion forum. numpty.

for sum1 with only 174 posts you have a very loud mouth, who are you exactly? you make habit of bein cheeky to respected people dont ya? hope they ban you and your mouth

nwph

StuTheDon wrote: »

Firstly, maybe you should consider changing your username as you obviously dont believe what you preach. Got a lot of debt yourself?

Also, I never mentioned businesses - you did. I am fully aware of the difficulties they face, however I was specifically talking about people who have overspent personally and are now looking for ways out of paying for their greed.

Of course thay are ,have you not seen the unemployment figures ,i left a company 3 yrs ago because of a reduction in wages of over 50% ,its not for me to point the finger at anyone ,the whole concept of money and working to make someone else rich is immoral and to me goes against humanity its self ,but like i say ,we have to make the most of what we can get .

nwph

StuTheDon wrote: »

And why exactly is this the bank's fault?

Its not ,but unlike the stereotypical view of overspending and stretching to over and above limits ,both parties can afford the debt .

Quid pro quo ,the banks take our tax money ,we try to get something from the banks ,tough titty .The politicianshave been doing it for yrs ,so has big business ,its how the world works .
If a friend borrowed some money from me and then he hit hardship ,would i ,have a payment break ,waive the loan ,or would i evict the friend and take all his assets ,pretty similar to how banks operate .

IN_DEBT_4EVA

nwph wrote: »

Of course thay are ,have you not seen the unemployment figures ,i left a company 3 yrs ago because of a reduction in wages of over 50% ,its not for me to point the finger at anyone ,the whole concept of money and working to make someone else rich is immoral and to me goes against humanity its self ,but like i say ,we have to make the most of what we can get .

these people forget they are in the real world. redundancy and bad news stories are nationwide right now and that is not the fault of the customer with loans. if they then get told they can save £XX amount by unenforceability then they'd be daft to refuse.

I would love it to happen to some of the moral high horses on here and see how they change their tune. They make it sound as though we just go and spend with no intention of paying back when really it was circumstance that probably makes us take any escape route out.

If only we were all as prefect as them eh? What a sad sorry world we'd live in.... :eek:

dfh

People forget that if they borrow money then they have a responsibility to pay it back.I am not a great fan of banks but they are running a business and they have to make a profit so they can employ people and pay their salaries.If they can't they will go bankrupt and peple will lose their jobs.Every business needs to make a profit to survive.I just wish people start to take more responsibility for their actions.What annoys me is the tendency to always blame others for everything.It is immoral for the banks to lend !!! That takes the cake .