write off credit card debt

michael1983l

PROLIANT wrote: »

Ad hominem

I must admit I was thinking that myself

never-in-doubt

michael1983l wrote: »

Of course I am, well in your world anyway.....


It has already been proven that the banks pass on increased costs to the customer and this is an increased cost. Look at Loan APRs, look at savings APRs at the moment.

Look at the bank charges reclaims, the banks just restructured the way they charged people and in many cases actually increased the penalty.

But of course the banks don't pass the costs on to the customer, you are exactly right.

Oh My God - I genuinely didn't think you were this thick! How wrong was I....

1. There is no proof that unenforceability claims affect the normal customer - please provide proof from a bank or button it - there's a good boy.

2. Look at the APR's? Yup, well spotted - we're in a goddam recession! Did that sweep past you when you were 15 and at school?

3. The bank charges have not been restructured and only HBOS will work more expensive and this was done as a result of the global climate not unenforceability claims - please provide proof from the bank or quit this silly argument that you cannot win (cos there is no proof from the banks)

4. Yes, you're right the banks do not pass the cost of unenforceable claims to the customer, it comes from their actual P&L - FACT!

Now if you want to carry on with this silly gobshyte please be my guest but your first mistake was trying to get clever with someone that does understand the system and so the only way to get your self-respect back is to now provide a link proving your wild (and inaccurate) claim..... I look forward to your apology in due course...

Muppet! :rotfl:

never-in-doubt

michael1983l wrote: »

I must admit I was thinking that myself

I am not attacking you at all, I am telling you the facts and you swayed into being personal. Therefore look in the mirror, assuming you even know Latin (i'd be surprised if a quick google check wasn't performed by you!).....

You're the one that doesn't like the truth!

PROLIANT

Look people, there is not much point in b!tching with each other over this issue; each person has their own take on it and each person has their own moral stance, as Never-in doubt knows my attitude is to repay what I have borrowed and I am against debt evasion tactics etc, I have been in so many arguments on this forum over and over again, now I can't be @rsed, too many other important things in life to concentrate on.

This doesn't mean that I am endorsing such methods and I will continue to try and help/educate those who are lured towards ideas of debt evasion.

Regards

michael1983l

Well done never-in-doubt you have proven what kind of argument you run and ultimatly what kind of person you are. Therefore I don't really need to say anything else about what you say as you say it all yourself. :beer:

michael1983l

never-in-doubt wrote: »

4. Yes, you're right the banks do not pass the cost of unenforceable claims to the customer, it comes from their actual P&L - FACT!

Erm... where does the banks profit come from? I always thought it was the customer but as you know the banks inside out I must take your word for it.

never-in-doubt

michael1983l wrote: »

Erm... where does the banks profit come from? I always thought it was the customer but as you know the banks inside out I must take your word for it.

Stop trying to twist things, we are not speaking about bank profit we are speaking about your wild claim that 'unenforceability claims affect the average bank % interest rate' to which I have ridiculed as the rubbish it is.

Please find me proof, don't feel you have to take my word for it - i'm asking you to prove something I know you cannot because I know that the truth that you want to read, just isn't there! i.e. forget it, give up!

michael1983l

How can you prove the intentions behind a bank's choice of interest rate? It is impossible unless a bank makes an official statment, which of course is never going to happen. You can however look at trends and the trend is that since the start of all these reclaim processes the base rate has gone down as has the savings rates at banks and the lending interest has gone up. It is more than a fair assumption to link them in part at least to the reclaims. It is also worth noting that not just banks, but in corporations when profit targets are not met adjustments accross the whole buisness are made to try to meet the target the following year. What you are suggesting is that payouts by the banks and debts being written off is going to have no impact at all on the paying customer and quite frankly that is just obsurd and if you honestly beleive that then I just don't know what to say.

jamesey07

mick i never said i had 50k in savings, i said your savings r covered up to 50k i have a good bit of savings but not no where near 50k, that money is for the future for important things, meanwhile my fun like holidays 5 star hotel stays etc was for my credit cards and the banks to pay me for btw you never answered my question about karma, r u being honest with yourself that your honest all the time? and that's the same question to all the "you must pay back bunch"have a look at yourselves and ask the question, i think you might be suprised once you's sit down and digest the findings

michael1983l

michael1983l wrote: »

How can you prove the intentions behind a bank's choice of interest rate? It is impossible unless a bank makes an official statment, which of course is never going to happen. You can however look at trends and the trend is that since the start of all these reclaim processes the base rate has gone down as has the savings rates at banks and the lending interest has gone up. It is more than a fair assumption to link them in part at least to the reclaims. It is also worth noting that not just banks, but in corporations when profit targets are not met adjustments accross the whole buisness are made to try to meet the target the following year. What you are suggesting is that payouts by the banks and debts being written off is going to have no impact at all on the paying customer and quite frankly that is just obsurd and if you honestly beleive that then I just don't know what to say.

I set my own benchmarks in life as to what is right and what is wrong. I try not to do anything that is going to have a negative affect on another person. All I know is I am a very lucky person I have almost everything I could ever want and I see no reason as to why I should want to try and rip other people off and ruin the life I enjoy.