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Are you a CAB officer who sent me a letter? If so read this
MSE_Martin
Posts: 8,272 Money Saving Expert
Hi
A Citizens Advice Bureau officer kindly sent me a letter about a hideous debt case where the client (from memory) had borrowed about £15,000, repaid £25,000 over thirteen years, and then asked for a settlement figure which turned out to be £120,000ish.
The letter was to say "this disgrace should be publicised". I agree. The problem is it's not my type of story, so I forwarded it to a senior newspaper journalist to do. Unfortunately it got lost in the post between me and him (don't get me started on the Royal Mail because of this!).
Rather stupidly I didn't keep a copy - nor did I note down your name or even bureau location. So I hope you spot this and can resend the letter. I agree it needs the publicity. Please can you resend it?
Martin
NOTE: If you are the CAB person, please ignore the notes below - some of the regular Chat Forum users are just having some fun!
UPDATE 10 AUGUST 2006
HOORAH!
The letter has just come back to the office 'addressee unknown' - which is a bit strange as it was to a well known journalist at the Mail on Sunday.
Yet they're now sending a bike to pick it up and alls sorted.
Great news - some nasty ridiculous interest debt company is now goign to be rightly exposed
Martin
A Citizens Advice Bureau officer kindly sent me a letter about a hideous debt case where the client (from memory) had borrowed about £15,000, repaid £25,000 over thirteen years, and then asked for a settlement figure which turned out to be £120,000ish.
The letter was to say "this disgrace should be publicised". I agree. The problem is it's not my type of story, so I forwarded it to a senior newspaper journalist to do. Unfortunately it got lost in the post between me and him (don't get me started on the Royal Mail because of this!).
Rather stupidly I didn't keep a copy - nor did I note down your name or even bureau location. So I hope you spot this and can resend the letter. I agree it needs the publicity. Please can you resend it?
Martin
NOTE: If you are the CAB person, please ignore the notes below - some of the regular Chat Forum users are just having some fun!
UPDATE 10 AUGUST 2006
HOORAH!
The letter has just come back to the office 'addressee unknown' - which is a bit strange as it was to a well known journalist at the Mail on Sunday.
Yet they're now sending a bike to pick it up and alls sorted.
Great news - some nasty ridiculous interest debt company is now goign to be rightly exposed
Martin
Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
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Comments
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bump bump bumpDebt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0 -
Martin you need the help of a PA! I have excellent references! "Debt makes plans for you" - A quote from my friend Catherine. How true!0
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Me too..and I'm looking for a new job!
thinks....maybe Martin could use a Virtual PA.....2021 Decluttering Awards: ⭐⭐🥇🥇🥇🥇🥇🥇 2022 Decluttering Awards: 🥇
2023 Decluttering Awards: 🥇 🏅🏅🥇
2024 Decluttering Awards: 🥇⭐
2025 Decluttering Awards: ⭐⭐0 -
In the interests of keeping this up.
Quick calculation gives the interest rate for that at less than 20% per annum(discounting the repayments) which is a bit frightening unless I've made a mistake. Makes you want to pay a bit more attention to the odd .01% on your mortgage.0 -
thats a truly horrendous story. hope it gets sorted
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martin - maybe you should start sending things recorded delivery- its only a pound :money: or are you too moneysaving for that
:rotfl: :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
lynzpower wrote:martin - maybe you should start sending things recorded delivery- its only a pound :money: or are you too moneysaving for that :rotfl:
:eek: pmsl:eek:debt in june 06:£6290:rolleyes:
july 1st 06 : £5247.70
july 20th 06 £4867:T
hope to be debt free by : july 2007at the latest:D
dfw grocery challenge 20/07-20/08 £240
spent so far - £75.57_____£164.43 left0 -
Bumpitty bump bump Official DFW Nerd No 096 - Proud to have dealt with my debt!0
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now behave you lot - this is going in next weeks email - so i dont want those cab officers being scared off by reprobatery Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 0000 -
as if DFW's would!! ....to insinuate such a thing...and from our leader too!Nerd no 109 Long haulers supporters DFW #1! Even in the darkest moments, love and hope are always possible.0
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