irresposible lending-i need advise plz

becky2308

quite a few years back we foolishley took out high interest loans, the type everone should stay clear of, when i look back at the circumstances i think it was irresposible lending on there half, y husband worked for the company at the time,so it was almost a case of if we asked we got,at the time were keeping ontop of £70+ payments each week,now circumstaces have changed and have had alot of problems with them and the money they ask of us.

is there any thing we can do about the way this money was lent us

somethingcorporate

becky2308 wrote: »

quite a few years back we foolishley took out high interest loans, the type everone should stay clear of, when i look back at the circumstances i think it was irresposible lending on there half, y husband worked for the company at the time,so it was almost a case of if we asked we got,at the time were keeping ontop of £70+ payments each week,now circumstaces have changed and have had alot of problems with them and the money they ask of us.

is there any thing we can do about the way this money was lent us

If at the time your husband was employed and you could keep up the repayments why do you think it was irresponsible lending?

If you didn't factor into the equation that your situation may change then that sounds more like irresponsible borrowing.

Unless you can come up with any reason apart from you don't like repaying what you borrowed if you signed up to the agreement you should just learn from the experience and pay back what you owe.

Sorry if that sounds harsh!

Anihilator

Pay what you owe you scamming !!!!!!!.

Wickedkitten

becky2308 wrote: »

quite a few years back we foolishley took out high interest loans, the type everone should stay clear of, when i look back at the circumstances i think it was irresposible lending on there half, y husband worked for the company at the time,so it was almost a case of if we asked we got,at the time were keeping ontop of £70+ payments each week,now circumstaces have changed and have had alot of problems with them and the money they ask of us.

is there any thing we can do about the way this money was lent us

Harsh, but it sounds more like irresponsible borrowing to me.

_Andy_

becky2308 wrote: »

quite a few years back we foolishley took out high interest loans, the type everone should stay clear of, when i look back at the circumstances i think it was irresposible lending on there half, y husband worked for the company at the time,so it was almost a case of if we asked we got,at the time were keeping ontop of £70+ payments each week,now circumstaces have changed and have had alot of problems with them and the money they ask of us.

is there any thing we can do about the way this money was lent us

I'm completely lost as to why the lending was 'irresponsible' - could you explain?

becky2308

somethingcorporate wrote: »

If at the time your husband was employed and you could keep up the repayments why do you think it was irresponsible lending?

If you didn't factor into the equation that your situation may change then that sounds more like irresponsible borrowing.

Unless you can come up with any reason apart from you don't like repaying what you borrowed if you signed up to the agreement you should just learn from the experience and pay back what you owe.

Sorry if that sounds harsh!

repaying what i owe isnt an issue,we have made them an offer,but they wont accept it,they want more than we can afford, and if they done the checks they do nowthey would not have lent to us,

leanneq

becky2308 wrote: »

repaying what i owe isnt an issue,we have made them an offer,but they wont accept it,they want more than we can afford, and if they done the checks they do nowthey would not have lent to us,

You shouldn't have borrowed. Your an adult, take some responsibility for the mess YOU got yourself in!

whatmichaelsays

becky2308 wrote: »

repaying what i owe isnt an issue,we have made them an offer,but they wont accept it,they want more than we can afford, and if they done the checks they do nowthey would not have lent to us,

The "checks" would not have forecast a change in your circumstances. They would have merely looked at your previous credit history and made a decision based purely on that. If you have a previously good financial record, you may have been offered the loan anyway. If you didn't, then the question must be over why you applied in the first place.

They made their decision based on what they knew about you at the time, be it because of what you told them or because of what they knew about you already. You agreed to take the loan on the terms that they offered you.

You have approached them for a loan and your circumstances have since changed - that is not a case of irresponsible lending. They are perfectly entitled to ask for their money back

Wickedkitten

Is there any way that you can perhaps go to your bank and get a loan large enough to pay off this other loan that would leave you paying a lower amount of interest or sell off enough stuff to just pay it?

ILW

becky2308 wrote: »

repaying what i owe isnt an issue,we have made them an offer,but they wont accept it,they want more than we can afford, and if they done the checks they do nowthey would not have lent to us,

What has changed in your circumstances, and why should the lender be held responsible? I really do not understand what you are complaining about.

Beast

You got yourself into this situation I assume? There was no guns, no threats of violence or blackmail if you didnt take the loans?

If so, you get yourself out of it.