Why the negativity towards not paying

mufc689908

Rupert_Bear wrote: »

Based on the above would you then think of yourself as a parasite.

Because there are people like yourself getting out of not paying this is why the interest rates are so high. It is people like you who are ripping the rest of us off.

next you will be knocking the grand a month we get for our new daughter or the 4 grand insurance claim for 'pet damage' (we don't even have a dog :-) or the 10 grand of bank charges I'm getting back

izools

I just love it when I get the cold callers offering to write off all my debt for £495.

I string them along and when it gets to the crunch and they ask how much I owe I point out that it's £98 (or whatever my Vanquis balance happens to be) and what was the fee again? Needless to say the fee is always more than the balance.

Makes me chuckle. Winds them up, too.

izools

mufc689908 wrote: »

next you will be knocking the grand a month we get for our new daughter or the 4 grand insurance claim for 'pet damage' (we don't even have a dog :-) or the 10 grand of bank charges I'm getting back

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

bert&ernie

This guy has the right idea...
http://www.annaraccoon.com/politics/craig-cunningham-debtmanship-man-bites-dog/

mufc689908

Just out of interest once all 3 cards have been taken care off How long shall I leave it before applying for new ones.

Daveyj2009

The way I see it to borrow money under terms you agreed to then refuse to repay whether legally or not is THEFT plain and simple.

mufc689908

Daveyj2009 wrote: »

The way I see it to borrow money under terms you agreed to then refuse to repay whether legally or not is THEFT plain and simple.

I can see why you`ve never been `thanked` Dave

izools

Daveyj2009 wrote: »

The way I see it to borrow money under terms you agreed to then refuse to repay whether legally or not is THEFT plain and simple.

Quite right. Purposely withholding funds a debtor has available from a creditor is tantamount to theft. Of course if the debtor simply doesn't have the funds as they barely bring enough to pay the rent and feed the family, there is no theft as there was never an intention not to repay, just an inability.

Two very different things. Agreed?

mufc689908

kalaika wrote: »

What is legally right and what is morally right are two very different things.

Legally you may be able to get your credit card agreements written off as unenforceable, but morally why do you not think that you should repay the £20k you spent?

Because ethey make far too much money already.

dzug1

never-in-doubt wrote: »

Profits and business write-off. So that affects the shareholders directly and group operating profits.

You're trying, I can see that but I will not fall into your trap, the answer you seek is there in black and white lol

So who provides the wherewithal for the bank to make profits and have assets from which writeoffs can come?

The customers of course.

It doesn't really cut much ice to say that it's only the customers in risk category x who pay. All the bank has to do is get its estimates on category x wrong and then it's other customers paying.