Do you think 6 years is fair?

CakeCrusader

Illness, accident, unemployment or a relationship breakdown will probably affect everyone at some point. It's harder for people who are living hand to mouth to protect themselves from this, an unpaid water bill can end up in a CCJ, they are keen to take people to court pretty quickly here, as can an unpaid council tax bill, so it's not always the case that people wrack up a load of debt because these are everyday bills. I do think 6 years is too long, especially as lenders don't see the reasons why people have run into issues.

Kentish_Dave

RecentPost wrote: »

In my opinion it stunts economic growth and social mobility. Unfortunately we live in a lending society where every level of the economy is in debt. My argument would be yes there needs to be some negative incentive to failed borrowing but this should be much shorter.

Don’t you think that that’s upmto the lender’s to decide, though? Why do you think it’s fair to hide the facts from them?