What is £1 worth to you?

sourcrates

Many times I see posts from people, saying they have no money to repay debt, also posts from unemployed people, who are paying off debts with there job seekers allowance.

They should not be doing this, there are arrangements in place, provided by the government, for just these people.

A debt relief order would be beneficial to lots of these posters, yet there seems to be a reluctance to even enquire about one, why is that ?

Karonher

sourcrates wrote: »

A debt relief order would be beneficial to lots of these posters, yet there seems to be a reluctance to even enquire about one, why is that ?

Many want to pay off what they owe I suppose. It may be hard but they can look back and say that they took responsibility rather than walking away.

sourcrates

Karonher wrote: »

Many want to pay off what they owe I suppose. It may be hard but they can look back and say that they took responsibility rather than walking away.

A valid point I agree, but lots can't afford to pay back what they owe.

That's why these arrangements exist, the creditor dosent really care one way or another, there buisness plan allows for a certain percentage of defaulters, so there not bothered, what they lose on one deal, they make on another, just wish more people would take advantage of what's offered.

fuzzyduck22

People ask for money on here???

sourcrates

fuzzyduck22 wrote: »

People ask for money on here???

It has been known one or twice yes!!

Karonher

sourcrates wrote: »

A valid point I agree, but lots can't afford to pay back what they owe.

The point I was making was that they still want to try. Some seem to pay DMPs for many years - just chipping away until it's gone while some - not all - ask how long before they can not pay.

I may have got this wrong but I am sure I have seen some people enter agreements, have interest frozen and pay very little then stop paying as soon as the defaults fall off.

thegrind

Money only solves money problems. Problems are amplified by too much money or the lack of. Which ends in the same result. The same old problems.

I will help anyone in real life. Food, shelter, transport, circumstantial financial problems, advice.

I WILL NOT hand over money to someone on here, with a Paypal account or a registered charity (they're the worst). EVER.

Money_saving_maniac

Basic_Samwell wrote: »

Been reading through loads of posts on here for past 30 mins or so and it's horrible to hear of people in varying degrees of debt. I read a post from 2015, I think, to do with a person who had children and had gotten themselves into about 20k of debt. Without sounding unreasonable, it was the usual story of realisation, cancel everything, sell everything, not gaining enough and expressing desperation on a forum and ultimately asking for money. It's hard and I'm sure there are many people up and down the country in similar positions. Anyway, I digress. What really bothered me were the comments from other users that followed, e.g. "I'll give you all the advice you want but I won't pay you a penny" and other posts of the same view. Now, I understand that people need to learn lessons and they got themselves into that position in the first place, but come on, it's and easy mistake to make. I think most people have made it in one way or another. I just don't understand why people won't help one another. Everyone donates and runs for charities, some big name charities, and lets face it they're big business; I don't trust them. A certain chief Exec of a very well known charity earning a salary of just under a quarter of a million pounds, think about it.

I would donate £1 no problems to elevate someones debt. Would you? I'm just curious to know peoples opinions on the matter. There are hundreds, if not thousands of users on this forum alone. If everyone was of the same opinion think of the good things that could be done.

I know i'm opening a can of worms here! And I'm expecting a grilling! lol. And no, I am not in debt.

:beer:

A pound is worth £1 to me or a loaf of Warburton's toastie.
I'd be really obliged if you could send me your pound or a loaf

theoretica

Basic_Samwell wrote: »

I would donate £1 no problems to elevate someones debt. Would you?

No - because the most they would get from that £1 is a tiny reduction in stress. Personally, I donate where I feel my money will have more effect than that.

There are lots of charities around and I think it a great pity that a few have had bad publicity for wastefulness and reflected poorly on others. It is easy enough to find charity accounts online, how much they spend on andministration or fundraising and how high their salaries are. This is why almost all my charity giving goes to a few investigated and considered organisations, not here and there without research.
And if you don't like some charity salaries, just think of the bank salaries the debt repayment would be going towards!

suki1964

I have never seen any one asking for money on this site and I've been here a few years

You have a link to these posts?