CCA letter for unenforceable loans

stebiz

R0bert_Sterling wrote: »

This is the crux of the matter....

You give no detail but isn't it safe to assume you applied for a loan of some kind, in fact, it seems you applied for several loans.

You went online or in branch and specifically requested they give you wads of cash.
You filled out all the forms, you convinced them you are a good risk.

You convinced them you could repay the money you were asking for.

So off you go happily investing/spending/partying (whatever) the money they lent you.


But now all of a sudden, you decide it's all too much and there is a loop hole to exploit. You feel you are the victim in all this.
The banks shouldn't have lent you the money, the must have known you couldn't repay.
The banks are all evil, they made you spend all the money.
The banks are cruel to put you in default when you stopped repaying.


The position you found yourself in was your own doing. You COULD have protected your repayments through insurance.

Somehow you feel proud of your achievements whereas my original comment about retard was entirely more appropriate.

Never has an avatar been so at odds with a poster.

As for kids being proud..... I simply hope you haven't got any. Lets hope this attitude of yours dies with you..

I would like to take you to task over a few things you have just said but I'm going out for the day. I'll be back on later. I wouldn't use the word proud though!!!

Wutang_2

R0bert_Sterling wrote: »

This is the crux of the matter....

You give no detail but isn't it safe to assume you applied for a loan of some kind, in fact, it seems you applied for several loans.

You went online or in branch and specifically requested they give you wads of cash.
You filled out all the forms, you convinced them you are a good risk.

You convinced them you could repay the money you were asking for.

So off you go happily investing/spending/partying (whatever) the money they lent you.


But now all of a sudden, you decide it's all too much and there is a loop hole to exploit. You feel you are the victim in all this.
The banks shouldn't have lent you the money, the must have known you couldn't repay.
The banks are all evil, they made you spend all the money.
The banks are cruel to put you in default when you stopped repaying.


The position you found yourself in was your own doing. You COULD have protected your repayments through insurance.

Somehow you feel proud of your achievements whereas my original comment about retard was entirely more appropriate.

Never has an avatar been so at odds with a poster.

As for kids being proud..... I simply hope you haven't got any. Lets hope this attitude of yours dies with you..

Thats one of the best posts on here ever!

nate24nate

to robert sterling:

if something is wrong do you just walk by or do something about it. If i kid is just about to walk into a road and you can see a trusk speeding down the road would you do something.

you would act on it (if you are a sane human being and not a sniviling upper class numpty)

if the bank does something wrong you act on it, its their JOB to get it right first time. We are not all trained in the arts of bank dogyness. i think its only fair to seek advice and guidence in getting back money that really is ur's. i pay taxes i obey the law i help inocenct people and help put away those who do abd.

where is your morale compass, south side of dont give a hsit for the people who need it.

sorry to offend people but for some people life is hard and they dont get the guidence and help they are owed. this society is set up to enhance the lives of those who are healthy and wealthy and to take the rides onthe back of those hard working people who beieve there is something better for them.

~Brock~

nate24nate wrote: »

those hard working people who beieve there is something better for them.

Don't start talking about people who work hard not only to live but to pay back what they borrowed without publicly distancing yourself from such a group.

These arguments could (and probably will) go on all day. If you want some advice then take it from me that you are chasing rainbows. The recent media furore surrounding a certain fraudulent CMC has helped to highlight what a scam this unenforceability rubbish really is.

You will not get any debts written off due to unenforceability, and will get your credit history trashed in the process.

The only time lenders agree not to pursue debts is because they regard you as not worth the effort of chasing because you are not economically viable e.g. court costs would outweigh the likely return due to your circumstances. If you fall into this category then I hardly think that should be regarded as an acheivement to be 'proud' of.

Apples2

stebiz wrote: »

I have had a 11 written off.

That simply demonstrates you have absolutely ZERO financial competence.

You've begged and borrowed your entire life and now think if you post on here you will get enough support to consider what you have done to be right.

You will get support of course, but it will be from the likes of nate24nate who can barely string a legible paragraph together.

For the rest of us who pay our way, agree to our agreement terms, pay our bus fares, our taxi fares, our hight fuel prices and simply get on with being part of our Community..... well, you simply are NOT one of us.

Wutang_2

stebiz wrote: »

Don't agree mate. The 'retards' (you could have thought of a less offensive word) were in the bank writing out the Consumer Credit Agreements. I don't blame anybody having them made unenforecable. I have had a 11 written off. Owe nothing at all now. All down to their stupidity. Sleep at night?? Too right.

You should be locked up (for 1. not paying debts off and 2. for talking to yourself).

carol01

people come on here for advice and help not to be judged for what advice they are asking for in my veiw if you dont have helpful advice dont post on thread instead start your own hate people trying to abuse the credit sysytem and leave the people who DO want to help to give there advice instead of having to go though all the crap you guys are taking about!!!!!!!!!!!!!!!

mabski

R0bert_Sterling wrote: »

This is the crux of the matter....

You give no detail but isn't it safe to assume you applied for a loan of some kind, in fact, it seems you applied for several loans.


You went online or in branch and specifically requested they give you wads of cash.
You filled out all the forms, you convinced them you are a good risk.

why just a branch or online, credit used to be pushed on you everywhere you went shops,service stations and even television the banks wanted you to get in debt

You convinced them you could repay the money you were asking for

he didnt convince them of anything they took what they needed from the cra's and their own credit scoring. their decision would have been based on this alone and certainley not anything he could have said .

So off you go happily investing/spending/partying (whatever) the money they lent you.

with the belief that the banks know what they're doing and everythings legal and above board with your credit agreements

But now all of a sudden, you decide it's all too much and there is a loop hole to exploit. You feel you are the victim in all this.

more like you find out that the banks couldnt run a !!!! up in a brewery and that the huge chunk of money your paying to them every month doesnt actually need repaying because THEY couldnt follow the law no loophole involved

The banks shouldn't have lent you the money, the must have known you couldn't repay.

no they shouldnt well not without a compliant agreement at least, his ability to repay has no bearing

The banks are all evil, they made you spend all the money.

im glad you realise that

The banks are cruel to put you in default when you stopped repaying.

no but they should be acting illegally

The position you found yourself in was your own doing. You COULD have protected your repayments through insurance.

now i know you dreaming. ppi isnt worth the paper its written on and again it not needed because the banks acted illegally in the first place

Somehow you feel proud of your achievements whereas my original comment about retard was entirely more appropriate.

i cant speak for the other poster but if id have had debts deemed unenforcable i'd be over the moon and i'd tell everyone else to check their agreements as well

As for kids being proud..... I simply hope you haven't got any. Lets hope this attitude of yours dies with you..

a bit personal dont you think it only a discussion about unenforcability no need for insults

thechippy

1. You’ve been a loyal customer to your bank for years and never missed payments.

2. You fall on hard times. Wanting to do the right thing, you ask your bank to suspend interest and allow reduced payments until such time as things improve.

3. Bank invariably says no.

4. Some have been known to agree and you begin making payments, but without warning you receive a letter from a DCA. (They reneged).

5. In any event, they default your credit file, despite the fact you are trying to be honourable and do your best (nice of them).

6. They will sell the account to a DCA for pence in the pound, but don’t make you this offer to ease your situation, despite the fact that you have probably already repaid the capital and some substantial interest.

7. They blatantly missold PPI for years.

8. They suffer little to no loss in the event of non payment, as the account will become a tax write off.

9. Upon default, they add as much interest and other charges as possible, to artificially inflate the debt to get an even larger write off.

10. Rather than try to help, they lose all morals the second you have difficulty.


Is it any wonder that people are fighting back?

They have brought this upon themselves and should be treated with the contempt they deserve!

stebiz

Apples2 wrote: »

That simply demonstrates you have absolutely ZERO financial competence.

You've begged and borrowed your entire life and now think if you post on here you will get enough support to consider what you have done to be right.

You will get support of course, but it will be from the likes of nate24nate who can barely string a legible paragraph together.

For the rest of us who pay our way, agree to our agreement terms, pay our bus fares, our taxi fares, our hight fuel prices and simply get on with being part of our Community..... well, you simply are NOT one of us.

Apples02, you are talking rubbish my 'friend'. Believe it or not I used to be a Financial Advisor in the 1980's and 1990's, and in the meantime managed to acquire a number of properties, which are rented out.

Some of the deposits actually came from Credit Cards and loans hence a rather large consumer debt of about 50k. I also tried several other business ventures.One particular venture was a General Store. Sadly this failed. I don't blame it all on the bank, but they harassed me every day. They were not nice to deal with. It reminded me when I was younger and my Dad raising some money on our house and the bank guy coming around to take a list of all our belongings.

So going back a few years I was sitting down with quite a bit of unsecured debt having had the bank pull the plug on the General Store. Immediately I thought about selling one of the properties, then I read a very interesting item from a QC, saying how many of these agreements were unenforceable. This was prior to anything appearing on MSE. I actually mentioned it at the time on here. I think it was 2006/7 and had a PM from Martin about it. He was reluctant to have any involvement in promoting this for reasons you might expect. I don't blame him for that.

So since then I have fought tooth and nail, with these lenders to have these agreements quashed. I have dealt with Debt Collecting Agencies who have called 3 times a day. I have read all the absolute drivel they have sent me in the post. I have seen nearly every underhand trick they use.

In court I won on each account except one. On this particular one I paid privately for a Barrister to help me with an appeal. He won. All debts were quashed and defaults removed!!

So please don't talk to me about morals. These banks have no morals. It is survival of the fittest out there in business. My family come before any bank and if in years to come my son/daughter asks about what happened I'll tell them. Not to be proud. But to warn them how how underhanded some of these lenders can be, and never to borrow money if you can't easily pay it back. Not now it is post 2007 that is!!