Frightened about my future

Mrs_Niddy

pixiechick wrote: »

Nice to see there's a Mrs Niddy taking care of SuperNid

Hi Pixiechick, nice to meet you. I am taking very good care off SuperNid lol

Mrs_Niddy

Anyway guys and gals

I'm heading to my bed - Niddys wore me out!!

Nice to meet you all and chat again soon

mouseann

pixiechick wrote: »

I want to know why The Queen didn't invite us to form the next government

Gosh, Pixie.

Perhaps she doesn't know about us! Shall I ring her? (like I know her number) Would love to speak at the lectern with the microphones outside no.10. But haven't a clue what I would say!

Am still up watching the telly!

mouseann

Mrs_Niddy wrote: »

Anyway guys and gals

I'm heading to my bed - Niddys wore me out!!

Nice to meet you all and chat again soon

Night Mrs. Niddy

Please keep in touch!

Am going to tear myself away from the telly now!

pixiechick_2

Off to bed now.

BTW plumber finally arrived at 1.30, so that was 15 hours with no water...

GeorgeUK

Mouseann, you know exactly what you would say outside number 10.

Everyone, look at your credit agreements if they were taken out before 6th April 2007 and...

LillythePink, i read your post as a genuine query, not an accusation. Especially as you have only just joined us in May. It is a bone of contention on some parts of the board but the short story is that there is actual legislation that states that if a credit agreement is not properly executed (having all the required terms and in the required form), then it is unenforcable. That is why NID was getting wound up about the 'loophole' comment - it's not one person's idea of what the legislation says against anothers. It has been deliberately written in to the legislation.

Banks would love it if this legislation did not exist but because it does and because most lenders have chosen to ignore legislation (bloomin stupid thing to do in my opinion - they probably gave themselves a bonus for cutting corners), consumers may be able to fight back. It's not a silver bullet and you need to know the legislation very well (or have people like NID on your side who know the legislation), but if you are out of options with limited alternatives there is little to lose by doing this.

I don't know who said it but someone said something like: morals are an expensive luxury.

If Ann could pay back all her debts, i'm sure she would be only to happy to do so - but when it comes down to a stark choice of either checking the enforcability of agreements or possibly losing your home - you know what it's like to be in fear of debt and others finding out. Ann was probably at a higher level of worry as at her age with little chance of finding employment she was against the wall and people were about to tie a blindfold on. She would not be able to pay off the debt without losing almost everything and no matter what the banks say about going to see them if there is a problem, you probably know that they see the bottom line and nothing else.

Carried36, from your post i'm guessing you read a few posts then hit the reply button. The gist of your post was that Ann needed help and i'm assuming you meant professional help (behave people). Unfortunately the nationaldebtline, CAB and the debt charities such as CCCS or Payplan would not have advised the course of action she is currently pursuing. They would probably have told her to go bankrupt - which would have put her house at risk.

If the unenforcability route fails, then this is still an option so she definately has nothing to lose by checking. She has already seen (as have the others following her thread) that many of the agreements are unenforcable and that she may not need to make payment on these debts. I'm sure she still wakes in the middle of the night and continues to worry about this but i agree with NID that this is the best course of action for her. The banks are only interested in getting their money - not in the customer. Even though Ann has probably paid her debts many times over in interest and charges.

The banks don't like it when you push back - especially when you have legislation to back up your arguments and case history of judges agreeing with your arguments. All i can really say to that is...

aaaaw, diddums.

You will both probably have realised that NID is very protective of both Mouseann and the unenforcability arguments. Please don't take this personally. He may be a little abrupt at times but he is standing on the right side of the line and making sure that people are not bullied into submission. People believe that if a debt is unsecured then their property is safe, but banks have taken people to court who had unsecured debts and because they knew how to work the system have taken their houses from them. We tell pepole how they can fight back and unfortunately, you got caught a little in the crossfire.

Welcome to the warzone, but don't fret. The people here and on this board are friendly and do not judge. They're a little mad at times but that's as bad as they get. Oh, did i mention the gossiping?

Hope you feel better soon Jinny and that everyone else is okay.
(Niddy has a slight headache... behind his left eye...) :beer:

maz1964

hiya guys blimey i miss a couple of days and ive missed the fun

anyways catch up tomorrow now nite to anyone still up and lovely to see a Mrs Niddy is amongst us, already being given a lovely welcome, hiya from little me too:)

take care all till tomorrow MAZ

savingwannabe

Hello i missed some great posts last night. I just wanted to say sorry for being such a miserable moo. I will snap out of it today. Weather is glorious.

PS Mr NID give Mrs Nid a biiiiiiiig hug from all of us. She is lovely. We have our own royal family on this thread we dont need to worry about politicians.

Ann stay strong. Pixiechick keep drinking lots of tea! well done on the water.

Big hugs, will be happy today.:j

savingwannabe

In case anyone is bored today. Have a read. Back after one!

mouseann

GeorgeUK wrote: »

Mouseann, you know exactly what you would say outside number 10.

Everyone, look at your credit agreements if they were taken out before 6th April 2007 and...

LillythePink, i read your post as a genuine query, not an accusation. Especially as you have only just joined us in May. It is a bone of contention on some parts of the board but the short story is that there is actual legislation that states that if a credit agreement is not properly executed (having all the required terms and in the required form), then it is unenforcable. That is why NID was getting wound up about the 'loophole' comment - it's not one person's idea of what the legislation says against anothers. It has been deliberately written in to the legislation.

Banks would love it if this legislation did not exist but because it does and because most lenders have chosen to ignore legislation (bloomin stupid thing to do in my opinion - they probably gave themselves a bonus for cutting corners), consumers may be able to fight back. It's not a silver bullet and you need to know the legislation very well (or have people like NID on your side who know the legislation), but if you are out of options with limited alternatives there is little to lose by doing this.

I don't know who said it but someone said something like: morals are an expensive luxury.

If Ann could pay back all her debts, i'm sure she would be only to happy to do so - but when it comes down to a stark choice of either checking the enforcability of agreements or possibly losing your home - you know what it's like to be in fear of debt and others finding out. Ann was probably at a higher level of worry as at her age with little chance of finding employment she was against the wall and people were about to tie a blindfold on. She would not be able to pay off the debt without losing almost everything and no matter what the banks say about going to see them if there is a problem, you probably know that they see the bottom line and nothing else.

Carried36, from your post i'm guessing you read a few posts then hit the reply button. The gist of your post was that Ann needed help and i'm assuming you meant professional help (behave people). Unfortunately the nationaldebtline, CAB and the debt charities such as CCCS or Payplan would not have advised the course of action she is currently pursuing. They would probably have told her to go bankrupt - which would have put her house at risk.

If the unenforcability route fails, then this is still an option so she definately has nothing to lose by checking. She has already seen (as have the others following her thread) that many of the agreements are unenforcable and that she may not need to make payment on these debts. I'm sure she still wakes in the middle of the night and continues to worry about this but i agree with NID that this is the best course of action for her. The banks are only interested in getting their money - not in the customer. Even though Ann has probably paid her debts many times over in interest and charges.

The banks don't like it when you push back - especially when you have legislation to back up your arguments and case history of judges agreeing with your arguments. All i can really say to that is...

aaaaw, diddums.

You will both probably have realised that NID is very protective of both Mouseann and the unenforcability arguments. Please don't take this personally. He may be a little abrupt at times but he is standing on the right side of the line and making sure that people are not bullied into submission. People believe that if a debt is unsecured then their property is safe, but banks have taken people to court who had unsecured debts and because they knew how to work the system have taken their houses from them. We tell pepole how they can fight back and unfortunately, you got caught a little in the crossfire.

Welcome to the warzone, but don't fret. The people here and on this board are friendly and do not judge. They're a little mad at times but that's as bad as they get. Oh, did i mention the gossiping?

Hope you feel better soon Jinny and that everyone else is okay.
(Niddy has a slight headache... behind his left eye...) :beer:

Hi George - and everyone else,

This is a brilliant summary and analysis of my situation.

Thank you so much for taking the time to do it!

Lillythepink - please do contiue to "join in" our discussions. As George says, we are a bit mad and gossipy - but this does help relieve the tension!

You are so right, George. If I could repay all my debts I would do so immediately! Unfortunately (and I know it is my own fault) i buried my head for so long and did not really get to grips with things when I was working. Mainly because I was in a relationship which I thought would end up with me moving in with my partner, and selling the house o pay off the debts. Unfortunately, the partner left and house prices crashed!

I still have a long way to down the unenforceability route and I do still have the sleepless nights! In fact, it is still in my mind that I may end up selling the house (I do have some equity but not enough to pay off everything) But, houses are still not selling - at all! And you are also quite right about the interest hikes - on some of my cards I was repaying £300 per month with only £5 going towards the actual total sum owed!

And NID has been absolutely brilliant! I am also protective of him - as much as I can be! Wonder how his head is this morning ....

Sorry this reply is a bit random. I could not get the "multi-quote" button to work - probably me!

And I would still love to have a go on the lectern outside No.10 .....