Decided to investigate Unenforceable Route

thechippy

chanz4 wrote: »

It doesnt make the debt go away, the site shouldnt support this type of issue as its the consumers that pay that are hit the most. If people cant afford look at IVA's bankrupcy or DRO's

You really do talk some drivel....

The consumers that pay are NOT paying for bad debts in interest rates etc, that's simply what the lending institutions lead you to believe.

Go away and learn how the banking system works!

I really don't know why you bother posting on the dfw board, why don't you go and post on the " I don't know !!!!!! all" board.....;)

pure_dead_dopey

like I said, ther's always one, and actually a couple have popped up. UE is a last chance, a last chance that has a good percentage of success. so in defence of your family and your life, why on Earth wouldn't you use it? unless you believe the total drivel put out by banks and DCAs, after all the world is such good financial shape, isn't it????????????????


PS Chippy I pmed you but your full!!!

timbstoke

I really don't understand the UE bashing. Yes, I understand the 'you have a moral obligation to repay the money', but the so called professional institution has a legal obligation to make sure that their agreements meet the legal requirements, and are kept on file for the life of the debt. If I lent a stranger £1000, I'd make damn sure I kept a copy of the terms we'd agreed until I'd been paid back in full. That's not a difficult concept, but it's one that many creditors have trouble grasping.

If they can't be bothered to maintain their side of an agreement that they entered into, when their side consists of literally "Keep hold of this bit of paper and watch the money come in", then why should you be bothered to pay them?

Naf

timbstoke wrote: »

I really don't understand the UE bashing. Yes, I understand the 'you have a moral obligation to repay the money', but the so called professional institution has a legal obligation to make sure that their agreements meet the legal requirements, and are kept on file for the life of the debt. If I lent a stranger £1000, I'd make damn sure I kept a copy of the terms we'd agreed until I'd been paid back in full. That's not a difficult concept, but it's one that many creditors have trouble grasping.

If they can't be bothered to maintain their side of an agreement that they entered into, when their side consists of literally "Keep hold of this bit of paper and watch the money come in", then why should you be bothered to pay them?

Er... no. I'm not sure you really understand the UE argument. Much as I don't agree with doing it that way, getting out of something on the basis that a company hasn't got just the right words in their terms, or hasn't kept hold of some paper doesn't somehow absolve you of any responsibility for taking that debt on in the first place. You have still had the full benefit of that money.
Now, (and I believe this is the main reason the OP has chosen to take this route) where creditors have not acted responsibly when their debtors have contacted them with financial problems and have simply added unreasonable amounts of interest and charges then the UE argument can be used as leverage to make an agreement to pay a lower figure as settlement. This I have no argument with. It's the use of UE as a complete avoidance tactic that gets my goat.

pure_dead_dopey

actually Naf it's you who doesn't understand about UE and that is probably because you aren't doing it and you haven't read up sufficiently. and that is fair enough for you, but it doesn't give you a license to deny other people who have run out of options the correct information about UE so that they can make an informed decision about their debt. UE is not an easy option but very often it is the only option, if its the option of choice for some peeps, it would be more helpful just to let them get on with it.

thechippy

pure_dead_dopey wrote: »

like I said, ther's always one, and actually a couple have popped up. UE is a last chance, a last chance that has a good percentage of success. so in defence of your family and your life, why on Earth wouldn't you use it? unless you believe the total drivel put out by banks and DCAs, after all the world is such good financial shape, isn't it????????????????


PS Chippy I pmed you but your full!!!

Emptied....;)