Ccj

Richard_S

DAVETHE_CARDBOARDBOX wrote: »

Originally Posted by DAVETHE CARDBOARDBOX
My ex did this, and again, the third time I divorced her,
hope this helps
Didn't do you much good Dave if you're living in a cardboard box :rotfl: :rotfl:

But its a very nice cardboard box Richard , and theres no debts on it

That's a good philosophy Dave, there's far too much pressure on the importance of material things and having the latest gadget that comes onto the market.

ibleedred

Tootsie_Roll wrote: »

To be honest I am fairly amazed at your response too.

I am afraid you have fallen into the trap of blaming the bank without all the facts to hand. How do you know no credit check was carried out ? In this day and age it is unheard of for credit to be given without one - hence why I firmly believe that something dishonest happened at the application stage.

I know I am not alone in despising the 'compensation cultutre' that seems to be pervading our society. Man's wife gets loan; spends money; man finds out; thinks she shouldn't have been loaned money in first place therefore must be due compensation - it's lunacy. Are we about to forgoe all areas of personal responsibility ?

I am glad you are amazed - and after reading your repsonses to most threads on here is it fairly obvious the kind of person you are.

You think that Lloyds TSB - one of the largest banks in the country, gives anyone a £6k limit with NO background checks whatsoever.

Could you inform people how you could get this loan with fraudulent information when you have been bankrupt?

There is one hell of a difference between "compensation culture" and irresponsable banks - we all have a part to play - but common sense says to me that someone who can't handle money and has been made bankrupt with no immediate income is hardly the best person to give £6k to without and form of signed agreements.

Who's asking for us to "forgoe all areas of personal responsability"??

Tootsie_Roll

ibleedred wrote: »

I am glad you are amazed - and after reading your repsonses to most threads on here is it fairly obvious the kind of person you are.

You think that Lloyds TSB - one of the largest banks in the country, gives anyone a £6k limit with NO background checks whatsoever.

Could you inform people how you could get this loan with fraudulent information when you have been bankrupt?

There is one hell of a difference between "compensation culture" and irresponsable banks - we all have a part to play - but common sense says to me that someone who can't handle money and has been made bankrupt with no immediate income is hardly the best person to give £6k to without and form of signed agreements.

Who's asking for us to "forgoe all areas of personal responsability"??

You misunderstand me - I have stated very clearly that there is no way Lloyds would have lent the money without doing a credit check so it is my view (that I am happy to have corrected by the OP) that his wife lied on the application to an extent that the bankruptcy and previous credit history did not show. In addition have you ever heard of a bank that lends money without a signed loan agreement - catalogues yes, but banks no. In this instance it is too easy to blame the banks when they haven't been given all the facts.

Tootsie_Roll

Richard_S wrote: »

Have you ever spoken to anybody who works in banking or financial services?

The pressure on staff to sell at any cost is immense; their salaries are relatively low and can only be made up with commssion. I'll say it again, "you can't have an irresponsible borrower without an irresponsible lender".

You really need a more balanced world view Toots,

Richard

Yes I talk to myself regularly ! I have lent and collected a huge amount over time. Irresponsible lending is just an excuse - It's like blaming a supermarket for selling nice cakes and putting weight on ! Again another example of the compensation culture prevelant in society where we are always looking to blame others for our misfortune rather than facing up to the harsh reality.

Thank you my balance is fine.

DAVETHE_CARDBOARDBOX

Again, I am relatively new here. If theres no signed credit agreement on the loan is the debt enforceable.
Although the debate seems to have gone away to personal responsibility somewhat. Yes there are unscrupulous lenders about and pressurised sales people, but, and I will no doubt get slated. If you dont expect to pay a loan back, dont get it, unless unforeseen circumstances come along later, the individual has to take responsibilty, maybe Im wrong, thats what I teach my kids though.

lesley1960

i dont know much about borrowing ect ( picked up a few things on here )

But if there is no signed credit agreement? , the bank cant claim the debt?

ibleedred

Tootsie_Roll wrote: »

Yes I talk to myself regularly ! I have lent and collected a huge amount over time. Irresponsible lending is just an excuse - It's like blaming a supermarket for selling nice cakes and putting weight on ! Again another example of the compensation culture prevelant in society where we are always looking to blame others for our misfortune rather than facing up to the harsh reality.

Thank you my balance is fine.

Right, I see your point now.

A bank, giving £6k to someone who is bankrupt, is the same as a supermarket stocking cakes.

I am glad you have lent and collected a huge amount, please, inform me if you would lend £6k to someone who can't handle money and is declared bankrupt?? No I hear you say!! well why would that be???? I wonder..................

Dr_Hook

Tootsie_Roll wrote: »

...it is my view (that I am happy to have corrected by the OP) that his wife lied on the application to an extent that the bankruptcy and previous credit history did not show

How would she have managed that? Credit reference agencies will link addresses, names, etc if they can establish a financial connection. And I'm pretty sure the bank wouldn't have lent £6k without being able to establish her existence, so I doubt she's used a fictitious name/address.

Edit: If the bank did lend without doing a full credit check, isn't that tantamount to irresponsible lending?

bloomsberg78

Wow, I thought this thread had died.

My comments from above. I can not stand the compensation culture and to be honest do agree with a fair amount of what Tootsie says. I personally treat banks with the contempt they deserve, and if I sign anything with a bank, I read the small print, do a full personel assesment of whether I need the product and always ensure it is best on the market and ALWAYS read the small print. If a bank ever even attempt to bully or pressurize, it's an instant turn off, and wouldn't touch the product with a barge poll.

BUT....unfortunately Tootsie, there are millions of people who don't do what you and I would when entering into any agreement with these snakes and my wife as sweet and wonderful as she is, is one of them. People are different and I do feel the bank had no right to offer her the amount of credit to someone is just on maternity pay and the rent, council tax and Bankrupcy payments exceed her income by over £150 a month.

In a 5 min assessment of her finances I could see that without an increase in income each month she will slide further into debt. The situation will not get much better when she goes back to work because of additional childcare and transport costs. Why couldn't LTSB do the same assesment?

So I have a dilema, do I bail her out? I do have the money, which I am saving for a house. But we strictly keep our finances seperate and split everything apart from she gets the family allowances and tax credits and I pay the bills (as have a greater income) But if I bail her out this time (having already held her hand through bankrupcy before we married), what would stop her from getting into debt again?

Anyway, my grounds my complaint with LTSB are as follows:
1. She hasn't signed anything, she was pressurised into speaking to the loans dept and went through an application and they said they would send something out, but has receieved nothing AND must importantly hasn't signed anything (I have asked them to send any evidence they have). The money was just put into her account. (i know a contract can be made verbally, but they would have to produce a recording of the call).
2. She hadn't recieved bank or credit card statements for 5 months and didn't realise the loan was in and Naively kept spending
3. They clearly made no assement of her circumstances
4. She was presurised, despite asking them to stop asking her to take out loans (weak point I know)
5. Becuase we have no documentation we have no T&Cs, and no idea of the interest rate or any other detail of the loan
6. She has basically caned most of the money (no idea on what!) and simply can not pay it back (without me steping)
7. 6.5k of credit is an irresponsible amount to give to a bankrupt on maternity leave with a low income

No matter what the rights and wrongs are, I feel there is some negligence on the part of LTSB. Yes my wife is has been silly and am upset that she didn't feel she could trust me enough to talk to me about her finances, but I don't believe she is 100% to blame.

It shouldn't affect our future, as my plan is to save and buy a house outright without a mortgage. Her credit rating is already awful, so what difference would a CCJ make?, if it allows her to reduce her payments to her creditors to a level where she can actually function without taking on more debt.

She's now openeing a basic bank account with nationwide, and it just as a cash card. So we're making a freshstart.

Richard_S

Tootsie_Roll wrote: »

Yes I talk to myself regularlyTootsie, I really don't find that hard to believe. ! I have lent and collected a huge amount over time. Irresponsible lending is just an excuse for irresponsible borrowing (That makes the blame equally shared ) - It's like blaming a supermarket for selling nice cakes and putting weight on !I don't visit supermarkets very often but I've never seen one using "pressure selling" tactics. Again another example of the compensation culture prevelant(prevalent) in society where we are always looking to blame others for our misfortune rather than facing up to the harsh reality.

Thank you my balance is fine.

I bet if we started a "Is Tootsie a Balanced Individual"? thread the result would be a resounding No.