Irresponsible lending by bank

mynameistallulah

Southernman wrote: »

The mind boggles.

Troll?

Or yet another person with absolutely no sense of personal responsibility. Seems to be a common theme nowadays.*

* I really am turning into my mother!

mynameistallulah

bigadaj wrote: »

Alternatively, and not taking anything away from the OP, someone at Halifax sold this, someone checked and approved it, someone probably got a bonus for it, all to allow someone with virtually no income to default and not pay the money back. You've got to agree that is an unusual level of talent that we need to retain.

I have been on benefits and managed my credit cards with no problems at all. As others have stated, all because you have a credit limit, no one is forcing you to spend it. It would be a great shame if mainstream lenders stopped considering lending to those on benefits because of people like the OP - not everyone is irresponsible!

datostar

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.

So did you.

DevCoder

mynameistallulah wrote: »

I have been on benefits and managed my credit cards with no problems at all. As others have stated, all because you have a credit limit, no one is forcing you to spend it. It would be a great shame if mainstream lenders stopped considering lending to those on benefits because of people like the OP - not everyone is irresponsible!

It's bad enough banks don't trust fellow banks so won't do intra-bank lending which is contributing to the economic issues (libor etc)

dealer_wins

Even if it was "irresponsible lending" it still needs to be paid back doesn't it???

Macca83_2

Im pretty sure there are those on benefits that probably make more a month than i do. Hardly an excuse for not managing their borrowing properly.

AdamJK_2

You borrowed it. You spent it. Your problem to deal with.

You knew exactly what you were doing when you spent the money and you knew you couldn't pay it back - and probably didn't care either. Now you'll need to live with the consequences of that decision, while the rest of us taxpayers help pay back your debit for you.

As for the claim for irresponsible lending against the bank, good luck with that. For some reason I've got an episode of Red Dwarf stuck in my head where Rimmer is in court having to prove they were too stupid to know what they were doing, hence not their fault!

Wutang_2

I think the same point needs to be made a few more times.

somethingcorporate

MUMZ2BEE wrote: »

I...<blah> <blah> <blah>

I have highlighted the most important (and first) word in your post.

You took the card out, you spent the money so now stop being a sponge and pay your dues.

I cannot believe the attitude of some people.

lazer

This is exactly why the Debt & Bankruptcy laws in this country need revised.

The OP is on an IVA - which she doesn't need to be on, she overspent (and is continuing to do so - is currently looking for a new kitchen - using her husbands money though!)

If you are treated as a couple for benefits purposes why not for Bankruptcy/IVA etc? Should her husband not be supporting her - she is presumbably getting less benefits as she is married, and yet he doesn't have to support her paying her debts?

In theory you could have a couple one staying at home getting minimal income, (maybe just child Benefit), the other working, SAHP buys all the food utilities etc on card for the whole family, but never pays the debt, then enters some sort of debt releif scheme so the debt never gets paid? Would this actually work?

For people like the OP - who took the debt knowing they couldn't pay it off writing off their debts should not be an option.
Provisions for writing of debt (via whatever method) should only be available for people who have taken on debt when they are in a position to repay it, and their circumstances have changed.