Barclays using my ppi to offset a debt which was part of my DRO

debt_doctor

fatbelly wrote: »

DD's letter is brilliant but the threat to refer to FOS is a bit of an empty one as they are pretty useless when it comes to legalities

Whilst I don't want to agree with that statement, (and especially following a couple of FOS recent 'rulings') I'm afraid I must.
DD

EdwardB

rjwr wrote: »

whilst i appreciate you may now be legally entitled to the ppi reclaim money, surely the moral thing to do is for Barclays to recoup some of the money you may or may not have owed.

Ten thousand pounds is a lot of money to most people, i can see how the excitement of getting something for nothing can overwhelm someones thought process and the immediate disappointment that has followed with Barclays acting in this manner.

heres an example, you lend a friend £20,000 and charge interest. Lets assume its illegal for you to charge interest (its not but...) and your friend doens't pay you back in full. It turns out that your friend has paid £10,000 in interest.

The debt gets wiped off and several years later a smarmy lawyer says hey, i can get that money back, They sue you and you lose and are ordered to pay your now probably ex friend £10,000 on top of the money you originally lost.

What would you do........

First of all, the date of the Barclays post was around 4 years ago so I am sure the money has been spent.

Look these corporate companies did not lose any sleep mis-selling PPI, the "moral thing to do" is to follow the law.

They are NOT your friend they are one of many companies who made billions from this racket and are still making billions from other rackets. I heard on radio yesterday how consumer groups are asking unathorised overdraft fees to be regulated in the same way as pay day lenders have been, they cited exampled of banks charging £90 for a customer being £2 over because they forgot to budget for the bank charges that took the account over the limit in the first place. They said the banks make billioons from just these charges.

I know that Barclays staff make mistakes and routinely pay out £20k and do not get me started on mule accounts. How is it that online fraud can transfer the money into THOUSANDS of mule accounts? Because the Bank are not putting in enough security.

As for the Lawyer thing, another corporate pillage, a legal firm calls you and tells you they can get you £10k for that accident you had, after being harrassed you finally agree. When you see the detail you see that it is asking you to lie, make false medical declarations etc. So you pull out, the legal firm then sues you because the small print says if you do not see a case to conclusion you are responsible for their fees. They make declaration that these are £8k, sue you, win a CCJ in a processing centre that does not even employ a Judge. Then they escalate that for £66 and you find High Court Enforcement Thugs (people with criminal convictions) abusing their fake powers and putting you on Can't Pay We'll take it away.

Simple fact it, the law says a DRO draws a line under the debt, the debt was declared, the debt is barred from any form of recovery.

One final point, the reason banks are so ready to lend the money they create from thin air is because they can sell the debt for 1p in the pound and get it paid off by their insurance company.

So I would not lose any sleep about the moral thing to do.

It makes you wonder why usary was ever legalised and why it is in the bible.

Skudy

It makes a change to see the little man standing up to these bent bankers. You are 100% right when you say they lose nothing and in fact most of them actually make more out of a bad debt than if it was paid..Use the law against these fraudsters and make them pay.

TheGardener

Hi Guys - this is a forum for help and support for BRs - not a forum for debating the morality of, and personal views about BR.

sourcrates

A DRO is not bankruptcy.

The PPI is an entirely different matter to the original loan.

People do not deliberately go looking to get into financial difficulty, and you know nothing of the OP's personal circumstances.

Whilst you are entitled to your own opinion, as previously said, this forum exists for help and support, not criticism.

Please respect these boundaries in future.