MSE News: Debt write-off loophole closed by court

_Andy_

How dare those nasty banks make a profit!

jinky67

mrstine wrote: »

and i wholehearted agree... i know it will upset a lot of regulat dfws but the practice of getting out of paying what you owe on a technicality has always riled me. I am paying back every penny i owe the hard way and haven't even thought of looking into if i could get out of it on a technicality because i spent the money!
I'm all for fighting unfair charges and illigal lending practises and harrassment etc - but trying to get out of repaying what you owe on a technicality? Nothing but theft if you ask me!

well said Mrs Tine :T
It is the one thing about the whole DFW board that annoys me:cool:

MrsTinks

michael1983l wrote: »

The banks have been screwing consumers over for years with unfair bank charges and diabolical interest rates. But they don't like it when we bite back do they.

Fine about biting back - but it's not just that is it?
Biting back would be not having to pay interest on the debt you borrowed because the bank made a boo boo. Using a minor flaw in the contract to avoid paying back what you borrowed AT ALL is theft. Or did you walk in a bank and see the manager celebrating your arrival and saying "congratulations! here... have £x000 of our money! What? Paying it back? Noooo don't be silly!"

ILW

michael1983l wrote: »

The banks have been screwing consumers over for years with unfair bank charges and diabolical interest rates. But they don't like it when we bite back do they.

Am I the only one that has been with a bank for many years and have only ever been charged what I agreed to?

~Brock~

ILW wrote: »

Am I the only one that has been with a bank for many years and have only ever been charged what I agreed to?

No - there are two of us.

I have spoken to people who have dealt with several different banks and financial institutions and claim to have had problems with them all, whilst remaining stunningly ignorant of the one common denominator in each case.

CHR15

It has to be accepted that MSE attracts the two extremes.

Those knowledgable in financial management, and those in the brown stuff.

The bit between the cream and the bilge is not tremendously well represented i.e. those who apply for a loan, agree the terms, make the payments and go about thier way.

I hope anyway!!

michael1983l

_Andy_ wrote: »

How dare those nasty banks make a profit!

If only they did then we wouldn't be in this mess. I seem to remember the Banks making multiple billions of pounds per year for a very steady length of time, then they have one bad year and have to borrow money from the Tax Payer. I for one won't have a clouded concionce if I managed to get one over on them.

Even though I wouldn't try this loophole scam myself, I don't blame people that would.

~Brock~

michael1983l wrote: »

I for one won't have a clouded concionce

Even if you had, there may be a special cream you could get for it?

iolanthe07

Am I the only one that has been with a bank for many years and have only ever been charged what I agreed to?

No. I have always found bank charges very reasonable so long as you stick to the rules you signed up to. I have had free banking for years, which is more than you get in most other countries. You just have to monitor your account sensibly.

michael1983l

iolanthe07 wrote: »

Am I the only one that has been with a bank for many years and have only ever been charged what I agreed to?

No. I have always found bank charges very reasonable so long as you stick to the rules you signed up to. I have had free banking for years, which is more than you get in most other countries. You just have to monitor your account sensibly.

The reason you have enjoyed free banking is due to the poor souls at the bottom of the food chain with the least money paying your charges for you in the form of exorbarent fee's.