Petition to No.10 Downing Street

ILW

After 6 yeards

magiciansgirl wrote: »

Shortening to 3 years would accelarate the process of clearing debt.

Or allow the less than careful to run up even more.

claire6hy

After 6 yeards

ILW wrote: »

Good point. Most people would be able to screw up and start again about 15 times over their working life.

exactly
and having no credit things doesnt really impact on you that bad!
pay as u go fone, and no credit card!! easy enough to get by i think!

magiciansgirl

After 3 years

ILW wrote: »

Or allow the less than careful to run up even more.

True, but I was assuming the shock of a bad credit rating would frighten most people into ensuring they never got into that position again, whether from ignorance or mismanagement.

never-in-doubt

After 3 years

ILW wrote: »

Good point. Most people would be able to screw up and start again about 15 times over their working life.

Oh forgetting bankruptcy that allows for it to be done 60 times over the working life then - but that's ok isn't it....?

ILW

After 6 yeards

magiciansgirl wrote: »

True, but I was assuming the shock of a bad credit rating would frighten most people into ensuring they never got into that position again, whether from ignorance or mismanagement.

Sadly, I doubt that is the case with many people.

ILW

After 6 yeards

never-in-doubt wrote: »

Oh forgetting bankruptcy that allows for it to be done 60 times over the working life then - but that's ok isn't it....?

It is very difficult to get credit for many years after bankruptcy. I believe many loan and mortgage applications ask if you have EVER been declared bankrupt.

claire6hy

After 6 yeards

magiciansgirl wrote: »

True, but I was assuming the shock of a bad credit rating would frighten most people into ensuring they never got into that position again, whether from ignorance or mismanagement.

possibly, but not really, as you dont really get much done to you for it!

never-in-doubt

After 3 years

ILW wrote: »

Or allow the less than careful to run up even more.

So what if they do, this is their right along with everyone elses right and the bottom line is WHO CARES? If they want to get into debt then good luck, if they can avoid paying then brilliant!

Its not for us to be jealous over, just accept it 3yrs will be the norm soon enough..... get used to it.

claire6hy

After 6 yeards

never-in-doubt wrote: »

So what if they do, this is their right along with everyone elses right and the bottom line is WHO CARES? If they want to get into debt then good luck, if they can avoid paying then brilliant!

Its not for us to be jealous over, just accept it 3yrs will be the norm soon enough..... get used to it.

this is why i rarely voice my opinion on here, people pure JUMP down your throat

never-in-doubt

After 3 years

ILW wrote: »

It is very difficult to get credit for many years after bankruptcy. I believe many loan and mortgage applications ask if you have EVER been declared bankrupt.

Really? Not true... only as long as the b/r is for. Forget loans/morgages i'm specifically referring to revolving credit. Easy to do it.

My point is no matter how much you preach and how much you argue you'll never be told - the current system is wrong and the more you argue just shows your naiveness and lack of knowledge. Sorry but it's true.