Irresponsible lending by bank

Faith177

My mum always says the limit is not a target

[Deleted User]

I love your post!

I have seen this on this forum before.

You do have a case yes, so complain and collect your £50 compensation, but don't expect the debt to be written off due to this reason :T

[Deleted User]

Faith177 wrote: »

My mum always says the limit is not a target

Great saying!, I just had to use this on the OH.

lazer

MUMZ2BEE wrote: »

I took out my credit card and loan with halifax.

Halifax knew i was unemployed and on benefits when they gave me credit.

They kept on increasing my credit limit on my credit card which i didn't want; they automatically did this every time i paid the minimum payment.

When i took the credit card out in 2006, they knew i was unemployed and set my original credit limit to around £1000.

It is now around £9000, and i have a debt of £3,500 on it.

As with the loan, i took it out last year.

They let me have it no questions asked; they didn't even ask me for proof of my benefit income.

As a result of this lending by halifax, i am now on an iva.

Can i argue what the bank did by lending me credit i am unable to pay back was irresponsible and do i have a claim against the bank!!??

OP I have jsut read some of your other posts (i was genuinely interested to see what had previously been suggested to help you) - and I have to say I do not like your attitude to debt

Your posts seem to be - Is my Halifax CC unenforceable, is my littlewoods catalogue debt unenforceable etc etc.

Then you ask advice, and finish up getting an IVA.
On another post claim that your husband is chasing Lloyds for a refund of PPI of £3k so that you's can get a new kitchen!
I take it never crossed your mind to use the £3k (if you do get it - which i think you will be lucky too) to pay off your debts?

Obviously everything you (as a couple) own is in your husbands name, and you claim benefits due to a disability, therefore your income as an individual is low, however your income as a couple maybe isn't - could you actually pay your debt if you took into account your husbands income?

A couple is meant to support each other - for better, for worse.

To me this doesn't include helping each other run away from their debts, it should be helping them pay it.

LunaLady

Looking back at the OP's past posts it seems she is on a (failed) mission to have any debt she has ever taken out declared unenforceable.

marleyboy

MUMZ2BEE wrote: »

Can i argue what the bank did by lending me credit i am unable to pay back was irresponsible and do i have a claim against the bank!!??

Not really no, as the irresponsibility rests in the person who spent any monies they could not afford to pay back, having an overdraft or credit limit is not a compulsory that means you HAVE to spend it.

Having finally paid off my £3000 loan, the bank are offering me the World, an upgrade on my account, increase in my overdraft and yet another Credit Card offer. I not only do not need them, I know I cannot afford them. Common sense kicks in and tells me not to use them and remain debt free. No law in the land demands I must splash out with them.

Mara69

Stupid woman - pity the poor kid.

Have to say, I loved this comment:

MUMZ2BEE wrote: »

I have already calculated I will be about £70 a month better off doing an IVA and at last I can have some money to myself!!

The poor love has clearly been taking the money from her loan & credit card and giving it away to homeless people and beggars in the street.

immoral_angeluk

OP, you might want to take a look at the OFT's irresponsible lending guidance.
If after reading that you still feel you have a case then by all means complain and request they write the debt off as a gesture of goodwill. It's their discretion as to whether they agree to it though but if you wanted to take a punt you could always take it to the FOS to let them decide if you don't get a suitable response to a formal complaint within 8 weeks..

jason1231972

MUMZ2BEE wrote: »

Can i argue what the bank did by lending me credit i am unable to pay back was irresponsible and do i have a claim against the bank!!??

Yes, of course you can!!

I assume they came around to your house and threatened to gouge your eyes out with hot pokers (and then feed them to you) if you didn't accept a loan that you clearly couldn't afford?

You ought to take them to the European Court of Human rights, as far as I'm concerned.

mynameistallulah

MUMZ2BEE wrote: »

Can i argue what I did by applying for credit i am unable to pay back was irresponsible and do i have a claim against the bank!!??

Edited for you. To answer your questions:

Yes, you can. No, you don't.