Full and final, and money laundering

Puddylove

cynicalgit wrote: »

Another Daily Mail reader.

No, and I'm therefore not sure what that means?

I deduce without reading your posts, that you, Fyreworm and Sourcrates are amongst those who either couldn't (fair enough, no complaint from me) or perhaps didn't want to honour credit contracts.

I appreciate that there's no point discussing ethical borrowing with you because you are probably invested in justifying your decisions.

Perhaps I have a more objective view as neither a creditor nor as an intentionally defaulting debtor.

-taff

No, your view is just as prejudiced in the opposite direction, since you haven't been subect to any debt [yet - things can change overnight with illness or redundancy or death]

Puddylove

-taff wrote: »

No, your view is just as prejudiced in the opposite direction, since you haven't been subect to any debt [yet - things can change overnight with illness or redundancy or death]

I'm objective because I'm not involved with either party. If I were subjected to debt problems then my views would indeed become as subjective as yours.

If you read my posts properly, you'll see I suggest that people who can repay debt, should, but that those whose circumstances change so that they can't repay should be helped more.

-taff

You are not objective, it is your opinion and therefore subjective and that's formed by your current circumstances. If they changed, I don't doubt your opinion would also change.

forgotmyname

Having been there and seen how quickly your life can change it does make you think differently.

I have no idea on the OPs cicumstances but mine was down to health issues. Overspending and thinking ahh pay for that later and have it now. Built up quicj a bit of debt. But not an issue I was earning a decent amount. But spending way too much and not thinking about the money wasted on interest.

Then on SSP and they wanted £200 before they would freeze the account or even offer me anything. I told them i dont have £200 to give you. It wasnt just the one credit card either it was several. Some froze the accounts no problem but Capital 1 and MBNA were terrible to deal with.
After a stressing phone call and a letter saying they are trying to help and not antagonise the situation i thought help how? They offered nothing unless i paid them more money than i had.

I put the blinkers on and ignored them. Health issues lingered and the debts mostly got passed on.

Although i made full and final offers that would make you laugh it was that or nothing if i went bankrupt.

It made me turn my life and spending habits around. No new car because i fancy a change. And no debt for one. £2500 for a 5 year old car thats now 10 years old and still going strong.
Its cost about £1000 in 5 years for servicing and repairs etc..

I have money saved now. I still have flashbacks and think i should not have done that. Should have paid more. But im learning and moving on.

I wish the OP good luck for the future also.

sourcrates

Puddylove wrote: »

I'm objective because I'm not involved with either party. If I were subjected to debt problems then my views would indeed become as subjective as yours.
.

People do not come on this forum looking for "objective" advice either, most need help and support.
I would suggest, as you have never been in a situation of having to choose between eating, and paying your credit commitments, that you cease making comments on a subject you know nothing about.

Puddylove

sourcrates wrote: »

People do not come on this forum looking for "objective" advice either, most need help and support.
I would suggest, as you have never been in a situation of having to choose between eating, and paying your credit commitments, that you cease making comments on a subject you know nothing about.

As I said, you are invested in a world view where CHOOSING to default on your debts (even if you COULD pay) is fine because the money you took belonged to !!!!!!!s anyway.

In my world view BOTH creditors AND borrowers have responsibilities to behave ethically and morally together and to each other.

I agree that creditors don't always do this - but by not repaying debts for no other reason than 'I want a house' or 'I want a new car' we make it hard for genuine 'can't pay' debtors to be treated well by creditors and society.

I have some savings, and looked to join a credit union so my money could be used for cheaper credit for some - but there are none at all in my area or through my work. This seems to be an area for development (I see the Church of England is considering such things).

As a final point - I find it amusing that people who can manage money somehow 'know nothing' about it. I must remember to ask for dog nutrition advice from someone who has starved a few to death rather than the person with the happy, healthy animals!

Anyway, I'm no longer responding to any more idiocy on this thread.

Good luck to the OP, who does seem to have a moral compass and will, I am sure, do what is right in life.

glentoran99

as a bit of an aside to your question, I cant see your creditors accepting 7k on 19.5k. I think youll need to go up a fair bit

blisteringblue

I just find people who trawl debt reduction forums preaching so damn annoying. Jog On, nobody is interested.

OP, your credit file is already trashed with the DMP, offer as little as you can to get shot, it serves no purpose to pay it all if they will accept less.

I will likely be doing the same come the end of my DMP, and I will certainly not be losing any sleep if they accept less than I actually owe. They have had more than their pound of flesh with the last 6 years of rate hikes which were nothing more than legal extortion.

FireWyrm

Puddylove wrote: »

I deduce without reading your posts, that you, Fyreworm and Sourcrates are amongst those who either couldn't (fair enough, no complaint from me) or perhaps didn't want to honour credit contracts.

You have no clue what you are talking about and therefore have lost all credibility.
You make sweeping statements that bear no relation to reality. I suggest you go find another board that welcomes preachy self rightous people like yourself.