irresposible lending-i need advise plz

_Andy_

In absence of the OP responding to my query above, I think what's happened is this -

X years ago they wanted a loan. Lender agrees to it. OP spends said money.
Recently their circumstances change and they are now struggling with the payments. Naturally the OP believes this is the lender's fault and of course the lender should have had the ability to predict the future at the time the loan was taken.

Obviously the OP believes the horrible, nasty, mean lender shouldn't have lent the money (how dare they!) and now refuse to take any responsibility whatsoever for their actions.

I love how we get two types of threads now - 1) Lender X is horrible and mis-sold me, blah blah and 2) Lender X is horrible as they won't lend to me. Superb.

mattlfc79

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,

Becky,

If you have made them an offer and they dont accept it it may be worth doing an income and expenditure calculation so they can see how you got to that figure.

If you had to go to a high interest loan shark (e.g Welcome/ Provident etc) then you must have either already been maxed out on your credit or have a marked credit file. The same happened to me and I am still paying for my stupid mistakes! I appreciate you want to reduce the amount you owe to them and realistically the best way is to just pay. If people took responsibility for there actions I dont believe the country would be in the state its in. I am in no way judging you as I am no saint but have accepted that its my fault for taking out stupid loans to buy nice things help people out etc etc.

If they are a responsible company they should listen to you with regards reducing your monthly payments etc. If its welcome finance do not sign any new agreements as they just re-write the loan and extend the terms and then charge another 'acceptance' fee. Try and nip this in the bud before the company default you and you should get away without a majorly ruined credit rating.... Good luck!

Hope it works out for you!

Matt

immoral_angeluk

Completely agree with all of the above, irresponsible borrowing rather than irresponsible lending.
People (Mentally capable, fit and well adults) have to take responsibility for their own actions

jonesMUFCforever

Sell the Plasma the car get rid of Sky no more holidays until the debt is repaid - simples!