Why don't people cheer the brilliant elements of No-Deal crash- Such as making property affordable?

Herzlos

So you're quite happy admitting to defrauding banks out of £10,500 by taking out credit cards and refusing to pay until they became statue barred?


You're going to need a lot more than a £20k deposit with that sort of credit history, and really should have a lot more than that saved up if your first £10k was stolen.

Malthusian

Autumn86 wrote: »

Back in 2008/9 I took out just over 10.5k on credit-cards,
but as I didn't make any repayments the money just got put into the big pile of accounts to be written off via statute-barring.

Statute-barred debts aren't written off.

Until you start bothering to understand basic Key Stage 2 concepts like the difference between statute-barring and writing off, you're going to remain in a crappy job creation scheme job, living in crappy subsidised company accommodation, so desperate for attention that you resort to fourth-division level trolling on a financial forum.

qwert_yuiop

phillw wrote: »

Not going to happen.

https://england.shelter.org.uk/housing_advice/repossession/repossession_rules_mortgage_lenders_must_follow

When your lender should delay court action
The pre-action protocol says your lender shouldn't start court action if you are likely to get a payment after you have:

• made a claim under a mortgage payment protection policy
• applied for support for mortgage interest (SMI)

You need to be on the ball & if you don't have a rainy day fund then now is the time to prepare for unforeseen circumstances.

Houses are often repossessed. It gets worse in a recession for the reasons above, so if there’s a slump it’s going to happen.

BobQ

phillw wrote: »

Not going to happen.

https://england.shelter.org.uk/housing_advice/repossession/repossession_rules_mortgage_lenders_must_follow

When your lender should delay court action
The pre-action protocol says your lender shouldn't start court action if you are likely to get a payment after you have:

• made a claim under a mortgage payment protection policy
• applied for support for mortgage interest (SMI)

You need to be on the ball & if you don't have a rainy day fund then now is the time to prepare for unforeseen circumstances.

You are clearly not on the ball if you think these protocols will stop repossession by a lender. It can delay action but if you cannot persuade the lender you have a reasonable prospect of repaying the arrears, including selling the house, they can still apply to a court to repossess.

Thrugelmir

BobQ wrote: »

I have news for you about pay, Conservatives rarely support pay rises in the public sector. They prefer to pay more to employ agency staff since that way they appear to be reducing the public sector. You may be one of them but the public services suffer from such policies

Compare the total package not just pay. Compare holidays and pensions as well. How many private sector workers start with 28 days a year holiday for example?

BobQ

Thrugelmir wrote: »

Compare the total package not just pay. Compare holidays and pensions as well. How many private sector workers start with 28 days a year holiday for example?

You are correct about the need to compare the total package.But a friend of mine is earning £42K in the public sector. If you add 20% for the pension and 5% for the generous leave that makes the package worth around £52K. Yet he sits next to someone who is doing the same job which the public sector employer is paying £140K a year for a 2 year contract with an agency. Seems neither fair or cost effective, especially since 4 years ago the same agency worker was working in the same organisation and was made redundant.

Incidentally all full time workers are entitled to 28 days statutory paid leave a year. I accept that an employer can chose to include 8 days of public holidays as part of this entitlement and the public sector generally does not do this, but it is still 28 days paid leave.

lisyloo

Yet he sits next to someone who is doing the same job which the public sector employer is paying £140K a year for a 2 year contract with an agency.

This is not comapring like with like at all.
The employee will be covered for sickness, redundancy etc.
The contractor will not get paid any of that and probably doesn't get any holiday pay either. Also they won't be paying employers NI.
I have heard double as a rule of thumb.

Incidentally all full time workers are entitled to 28 days statutory paid leave a year.

Contractors e.g. working via a LTD company do not get paid if they don't work.
Not sure on the agency arrangement in this particular case.

John_G_Jones

Reading back the original post I was reminded of a conversation at work recently. Why do people who are currently towards the bottom of the distribution think that they will end up higher up it after a period of volatility?

It’s generally those who’ve already negotiated life well that come out of a crisis the best.

People like the OP need to look to themselves to improve their lot, but wait for divine intervention.

John_G_Jones

Should be “not wait”, obviously...

Anyway, I’d promised I’d only deal with more competent trolls than this one. Giving her attention is like egging on the kid at school who are his own farces to get attention.

babyblade41

So as long as you are a happy bunny then ... probably best to have this discussion with friends rather than with strangers as we don't know your history or background.

For me..I'll abstain from indulging my voting history not because I'm ashamed about my decision but my reasons behind them which are personal to me and have no intention of getting into a hypothetical debate with someone I know nothing about