Creditors finding OH through CreditExpert?

WRINKLES

I am begining to sense a growing millitancy on MSE and a growing desperation by the TROLLS , Banks lent money to anybody some years ago , they did this beacause they were encouraged to their bonuses were dependant on how many new loans they gave out that month. Banks do not create wealth they do not produce anything , they borrow from us real money that has been created by us working and producing a product which is sold at a proffit , they invest in extremely risky ventures mostly not understanding what the very complicated bundle of someone elses debts are that they are buying, the more deals they do the more they get paid , that is the strange bit they get paid for the amount of money they move around not for the amount if any proffit they make, they f%$£k up big time , what happens they get even bigger bonuses. If i loaned a friend ten pounds then charged him five pounds interest, i would then have fifteen pounds, i would not have created five pounds but i would have redistrobuted his wealth , i would be five pounds richer he would be five pounds poorer, that is how banks operate.

WRINKLES

WRINKLES wrote: »

I am begining to sense a growing millitancy on MSE and a growing desperation by the TROLLS , Banks lent money to anybody some years ago , they did this beacause they were encouraged to, their bonuses were dependant on how many new loans they gave out that month. Banks do not create wealth they do not produce anything , they borrow from us real money that has been created by us working and producing a product which is sold at a proffit , they invest in extremely risky ventures mostly not understanding what the very complicated bundle of someone elses debts are that they are buying, the more deals they do the more they get paid , that is the strange bit they get paid for the amount of money they move around not for the amount if any proffit they make, they f%$£k up big time , what happens they get even bigger bonuses. If i loaned a friend ten pounds then charged him five pounds interest, i would then have fifteen pounds, i would not have created five pounds but i would have redistrebuted his wealth , i would be five pounds richer he would be five pounds poorer, that is how banks operate.

The more i learn about banks, cra, dca, and how greedy corrupt polititians are all interconnected at some level , the more i realise there is no real freedom in this country , it is run by dictatorship by default , we are all really wage slaves who create wealth that is siphoned off for the beneffit of the few.

BLT_2

Hannah_10 wrote: »

Martin Lewis' own words... "Pls remember Debt-Free Wannabee's for support and help not judgement"

Thus I have reported your comments as abuse BLT, do feel free to have a rant in my PM inbox, so I can report that as abuse too.

Why on earth would I want to PM someone just because they have a difference of opinion? That would be as childish as reporting someone for abuse just because they didn't agree with my view point

PS. I have 3 thank you's on my opinion, you have 2 - hate to keep score but I guess there are plenty of people who don't see it as abuse.

BLT_2

Hannah_10 wrote: »

Martin Lewis' own words... "Pls remember Debt-Free Wannabee's for support and help not judgement"

Thus I have reported your comments as abuse BLT, do feel free to have a rant in my PM inbox, so I can report that as abuse too.

Nah I have reported your post as abuse for abusing the abuse system

BLT_2

Hannah_10 wrote: »

Ok, it only has another year to go to become statute barred, if he is interested in that route then there are ways to drag it out. Co-incidentally as you actually don't have any paperwork then those are things you need to do! In short, your luck may be in.

Many loans agreed before 2007 are not legal. Basically the lenders were breaking a law called the consumer credit act. As it's about 30 years old the lenders had no excuse, but they were greedy and didn't care who they stitched up. Generally 70% is estimated for what proportion of pre-2007 loans were done shadily but I have seen estimates of up to 95%. There were things they were meant to write on the paperwork that they accidentally-on-purpose left off. There were lots of times they didn't even get a signature from the consumer for the loans they had apparently given them. There were all kinds of ways that they cheated us and then fleeced us until it fianlly came to a halt in April 2007.

When you're brought up a good Brit you think surely not, surely our major banking institutions, Barclays, TSB, Lloyds, Halifax, pick a name... Sure they wouldn't cheat people and do illegal things? Well they did. They did it so much that there's more chance his loan was a scam one than a real one.

If it is a scam one there is sweet FA they can do to get thier money back. They can't get a CCJ, they can't balif you, they can't even send you letters if you tell them to get lost with the correct wording. Sound too good to be true? It isn't. They played dirty with everyone for years and then they got stopped. Send the right letters, go through the right process, and it's gone.

The thing is for you, even if it turns out to be a totally legal and fair cop- finding that out is something you have every right to do, no just society would expect you to believe just anyone who demands money. As you only have a year until it's too old to chase then finding out if it was ever legal could actually take you past that point.

Interested? You want to get a coffee (it's really long) and make your way to Niddy's thread called Unenforcibility and Template Letters IV. It's all set out there and MSE will help you through it if you go that way. As you'll find it's one step at a time, step one is the prove-it letter.

I fail to see the relevance in this paragraph, the OP has not stated that her boyfriend was stitched up, she has clearly stated that he borrowed the money and then just didn't bother repaying it. She further states that he has a number of CCJs due to not repaying monies he has borrowed.

I do not see the 'evil hand' of the grasping banks is this scenario, purely that of an individual who has taken every penny he can get from the financial system without considering his ability to meet his committments and is now aggrieved because they are pursuing him for his debts.

As I have said before I am all in favour of recovering PPI and other dodgy insurance deals which were pressed on people, I also have slight concerns regarding excessive bank charges (although they were clearly provided in peoples banking contracts), however if you borrow money you should endeavour to pay it back.

In yesteryears before the countries moral compass went astray a mans handshake was considered his bond. From what I have read on many of these threads if I were to shake hands with some of the posters, I would be counting my fingers afterwards. The amount of dedication shown to debt avoidance as opposed to debt repayment is absolutely amazing

Marisco

Hi BLT, I can see what you are saying, but is it really any different from all these mega rich bods who employ accountants to avoid paying their share of tax? The only difference I can see is people who come for help on here are usually desperate, the tax avoiders are just greedy!!:mad: I have been horrified by the stories of how these lenders behave regarding piling on interest and late payments etc!! Are they really that stupid???? If a person cannot afford to pay the original, how the hell are they supposed to pay all the charges as well?:eek: And if they haven't complied with set rules then good luck to people for challenging them!!:)

WRINKLES

BLT wrote: »

I fail to see the relevance in this paragraph, the OP has not stated that her boyfriend was stitched up, she has clearly stated that he borrowed the money and then just didn't bother repaying it. She further states that he has a number of CCJs due to not repaying monies he has borrowed.

I do not see the 'evil hand' of the grasping banks is this scenario, purely that of an individual who has taken every penny he can get from the financial system without considering his ability to meet his committments and is now aggrieved because they are pursuing him for his debts.

As I have said before I am all in favour of recovering PPI and other dodgy insurance deals which were pressed on people, I also have slight concerns regarding excessive bank charges (although they were clearly provided in peoples banking contracts), however if you borrow money you should endeavour to pay it back.

In yesteryears before the countries moral compass went astray a mans handshake was considered his bond. From what I have read on many of these threads if I were to shake hands with some of the posters, I would be counting my fingers afterwards. The amount of dedication shown to debt avoidance as opposed to debt repayment is absolutely amazing

I am glad you have( slight concerns regarding excessive bank charges ) this will make the millions of people who are trying to get the money back that banks borrowed from them jump for joy

Hannah_10

It's quite simple BLT, I'll make it even easier for you... The law says if someone stitches you up the deal is off.

If that's not right then how about you pay me the £100k you owe me? I haven't got the right paperwork for that £100k loan mind you, but you just said technicalities like that don't count.

BLT_2

Hannah_10 wrote: »

It's quite simple BLT, I'll make it even easier for you... The law says if someone stitches you up the deal is off.

If that's not right then how about you pay me the £100k you owe me? I haven't got the right paperwork for that £100k loan mind you, but you just said technicalities like that don't count.

Alternatively how about I don't borrow that 100k in the first place if I have no intention of paying it back

Ames

Very few people borrow with no intention of paying it back. Most people borrow and then find circumstances change drastically. Therefore the law is a lifesaver.