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  • Debtfreestudentnurse
    Debtfreestudentnurse Posts: 163 Forumite
    100 Posts Name Dropper First Anniversary
    It was a personal loan.
  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    !!! wrote: »
    What type of debt was it from?
    Debtfreestudentnurse wrote: »
    It was a personal loan.
    A personal loan. Good. In that case the account should be tested for CCA compliance. :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • Nasqueron
    Nasqueron Posts: 10,636 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    What's with this site of trying to help people welsh on their debts?

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Debtfreestudentnurse
    Debtfreestudentnurse Posts: 163 Forumite
    100 Posts Name Dropper First Anniversary
    At what point did I say I wasn’t going to pay? I asked if they were still visible after the 6 year period if they still had a balance.

    I fully intend to pay. I owe the money after all.
  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Nasqueron wrote: »
    What's with this site of trying to help people welsh on their debts?
    I'm not advising anyone to 'welch' on their contractual obligations. All I am interested in, is for folks to be fully informed on the process before making important decisions. If a creditor cannot produce compliant paperwork (via a CCA request), then the debtor should withhold payment until the creditor is able to do so. Alternatively, the debtor would have the option of using the lack of compliant paperwork to leverage a lower F&F settlement amount.

    That is all totally MSE, as this site is about helping others to save money :)
    Why would anyone not want another MSE member to save money?
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Save money - yes.
    Get out of dodge with your debts - no.

    Pay back what you owe regardless
  • Nasqueron
    Nasqueron Posts: 10,636 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Willing2Learn wrote: »
    I'm not advising anyone to 'welch' on their contractual obligations. All I am interested in, is for folks to be fully informed on the process before making important decisions. If a creditor cannot produce compliant paperwork (via a CCA request), then the debtor should withhold payment until the creditor is able to do so. Alternatively, the debtor would have the option of using the lack of compliant paperwork to leverage a lower F&F settlement amount.


    OP owes the money. As they said, they want to pay it back which shows they are a moral and decent person, rather than trying to use "this one free trick that banks hate" sort of approach.


    Willing2Learn wrote: »
    That is all totally MSE, as this site is about helping others to save money :)


    Saving money does not equal trying to use technicalities to avoid paying back what you owe. What you're recommending is welshing on your debts by stopping paying back what you owe if they can't find a bit of paper, even though you know the debt exists and you are liable


    Willing2Learn wrote: »

    Why would anyone not want another MSE member to save money?


    Saving money != cheating firms out of the money you owe. Some of us are responsible and may well have money invested in firms, them not getting money back thanks to people trying to cheat the system affects profits, dividends etc

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

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