We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
My biggest debt was statute-barred yesterday...
Comments
-
Does a debt being staute barred remove the moral imperative to repay? I think that if I had incurred debt then I would still feel I ought to repay it if I was now in a position to do so.
I appreciate everyone may not feel that way though.0 -
I'm not saying they have done anything wrong, my point is if you have borrowed the money then there is a moral responsibility to pay it back.
To go back to the OP's original question as to why they are feeling a mixture of guilt and elation, this could explain the guilt.LBM: Dec 2012 - Debt £38,180/ Now £0.
DFD - 17/04/2016
Gambling: The sure way of getting nothing from something.
0 -
Andypandyboy wrote: »Does a debt being staute barred remove the moral imperative to repay? I think that if I had incurred debt then I would still feel I ought to repay it if I was now in a position to do so.
I appreciate everyone may not feel that way though.
Morality and banking do not make good bed mates.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
When your bank rate jacks you to 30% interest when they know you can least afford it, morals kind of go out of the window. Happened to me and I was working 7 days to run a business and keep people employed. Company is still going but in reality got strangled by the banks closing all avenues down. Whatever. It's a hard game and I have no problem playing a hard game back at them.0
-
Debt is far too wide ranging an issue for anyone to pass judgement IMO.
There can be a variety of reasons why someone doesn't pay back what they owe; affordability, refusing to engage with creditors / DCAs due to their unreasonable behaviour, etc.
When I was in debt I was being called constantly asking to up my monthly payment when I had lost my job and was on benefits seeking further work. I told them repeatedly I was paying everything I could afford and would contact them when I could afford more. They eventually got the hint but only after I told them if they didn't stop harassing me Id stop paying them altogether.
If they had carried on I would've stuck to my word.What will your verse be?
R.I.P Robin Williams.0 -
-
I suspect it is probably an innate sense that I'm always in the wrong that I've had since childhood - even when I am in the right. I was brought up to not question anything, ESPECIALLY if it is in a letter NO MATTER who the letter is from, because letters are OFFICIAL.
I feel a bit better today. I hate to think what some of you would say to a person whos circumstances have forced them into bankruptcy...
HBS x"I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."
"It's easy to know what you're against, quite another to know what you're for."
#Bremainer0 -
heartbreak_star wrote: »I suspect it is probably an innate sense that I'm always in the wrong that I've had since childhood - even when I am in the right. I was brought up to not question anything, ESPECIALLY if it is in a letter NO MATTER who the letter is from, because letters are OFFICIAL.
I feel a bit better today. I hate to think what some of you would say to a person whos circumstances have forced them into bankruptcy...
HBS x
I'm glad you feel better today, I know how things can get to you along this journey to becoming debt free.
I hope you don't feel that I am singling you with my responses, just giving my opinions on the subject as a whole.LBM: Dec 2012 - Debt £38,180/ Now £0.
DFD - 17/04/2016
Gambling: The sure way of getting nothing from something.
0 -
Cheers Muhren. We'll get there in the end eh?
HBS x"I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."
"It's easy to know what you're against, quite another to know what you're for."
#Bremainer0 -
At some point, hopefully, yes!LBM: Dec 2012 - Debt £38,180/ Now £0.
DFD - 17/04/2016
Gambling: The sure way of getting nothing from something.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards