Running away from debt....

sourcrates

EssexHebridean wrote: »

He posted in a way that was always going to inflame and enrage those who have taken a different attitude to dealing with their debts, in fairness. I can understand people being upset, particularly those who have been around long enough to remember the likes of Taxi etc.

Think it's more to do with how people interpret some posts myself.

If the lad wanted moral forgiveness, he'd confess to a priest.

By posting on a debt forum, he chose to ask for advise, yet still the preachers want there say.

I just don't agree with the high moral ground brigade thumping there bible at every opportunity !!!

jimmy900

sourcrates wrote: »

Why when they are statute barred ??

What is the point now ?

Every post Barr one or two has been about the moral aspect rather than what the lad actually asked.

Banks will of written these debts off years ago, all you will do by paying now is put money into the coffers of some bottom feeder DCA, where is the moral in that ????

Thanks Sourcrates, I expected my excuse was lousy but the fact was I was a young kid with a massive line of credit for the first time in my life and a way to get more credit I was definitely given the keys to the sweet shop.

No excuses needed I do accept that it was the wrong choice but right now I am wondering what recourse they have should they want it back. Turns out not much.

I am sure I read somewhere that the DCA can then go to court to have the debt "unbarred" if I respond with a statute barred letter - basically admitting that I once owned the debt.

EssexHebridean

sourcrates wrote: »

Think it's more to do with how people interpret some posts myself.

If the lad wanted moral forgiveness, he'd confess to a priest.

By posting on a debt forum, he chose to ask for advise, yet still the preachers want there say.

I just don't agree with the high moral ground brigade thumping there bible at every opportunity !!!

I understand your stance, and your reaction. It wasn't *quite* so much what the OP said, but the way in which he said it, which has offended, I feel. There are ways of phrasing things, and ways of NOT phrasing things, and he couldn't really have chosen the second route much more thoroughly had he actually been trying!

Ilona

sourcrates wrote: »

Why when they are statute barred ??

What is the point now ?

Every post Barr one or two has been about the moral aspect rather than what the lad actually asked.

Banks will of written these debts off years ago, all you will do by paying now is put money into the coffers of some bottom feeder DCA, where is the moral in that ????

What is wrong with living with good morals? My opinions stem from how I was brought up, to take responsibility for myself, and not cheat and lie my way through life. I'm sorry but I can't change now.

The 'lad', as you put it has grown up, and he has his answer. Carry on ducking and diving and ignore all requests for payment. It may be true that no one can touch him, but that is the wrong message to be putting out on a money saving forum. I would have thought that the right message is to advise people not to get into debt in the first place, and if they do make mistakes, to help them to get out of it by adjusting their finances so they can pay back what they owe.

Ilona

Sanctioned_Parts_List

@jimmy900 - apropos of nothing, at the time when you took the loans out, did you do so knowing that you had no intention of ever paying them back?

Ilona

sourcrates wrote: »

I just don't agree with the high moral ground brigade thumping there bible at every opportunity !!!

I think we have to agree to differ. The amount of time you spend on here dispensing oodles of knowledge is admirable. We see things from a different perspective. I sometimes cringe at some of the abrupt answers you come out with, but that's your way of saying things.

Ilona

enthusiasticsaver

Just out of interest Jimmy, go on to Noddle and see what shows up there and what score they give you as that gives an indication of how credit worthy you are.

I am not going to give a moral judgement as others have done that but in general avoiding paying debts is a bad thing to do as it may affect you later in life if you need a mobile phone contract, to rent a property or take out a mortgage or loan or credit card. Being unable to pay is another matter though but still it is better to let banks/creditors know and see if you can reach an amicable arrangement.

jimmy900

Sanctioned_Parts_List wrote: »

@jimmy900 - apropos of nothing, at the time when you took the loans out, did you do so knowing that you had no intention of ever paying them back?

Looking back I wouldn't say it was a conscious decision to never pay back - at least initially. I was just funding a lifestyle which I couldn't afford what with studying, part time work not keeping up with my spending.

Was living in the moment. I'd be a liar if each time I opened the account I said "I will definitely pay these overdrafts off!" I just assumed I would be held accountable for the debt when I graduate and start working and it would be a repayment process.

That process just didn't begin for me for one reason or another.

sourcrates

Ilona wrote: »

I think we have to agree to differ. The amount of time you spend on here dispensing oodles of knowledge is admirable. We see things from a different perspective. I sometimes cringe at some of the abrupt answers you come out with, but that's your way of saying things.

Ilona

Sometimes people expect miricles to get them out of debt, instead of doing what's nessessary, I don't do the "holding hands" thing, fair play to those that do, I'm more of a practical type, identify what's needed, then just do it.

If that's abrupt then so be it, it's just the way I am, I see no reason to dance around subjects, not my way.

But there's nothing wrong with your perspective either !!

lambda

I would just like to say sorry to the OP if my initial reactions to this post were a bit harsh on the morality.

It's just I have only just paid off a huge chunk of debt myself, and the wording of this initial post really made me annoyed. I probably shouldn't have reacted to it so quickly.