Very.co.uk

Gaz83

FtbDreaming wrote: »

People need educating about the consequences of catalogues and BNPL.

Why is it always someone else's responsibility? Why not just read what you're signing up for?

FtbDreaming

Why is it always someone else's responsibility? Why not just read what you're signing up for?

It's nobody elses responsibility i was just saying that i didnt understand finance. Id always earnt my wages and paid for what i wanted outright prior to that. I had no family or anyone teaching me about finances etc and basically learnt 'adulting' as i went along.

All i am saying is if kids (especially those from low income/ disadvantaged areas) were taught about this stuff say nearing the end of high school, that little bit of knowledge might give them the tools to make better financial decisions.

Clive_Woody

Bec692 wrote: »

@clive
Will that work ? I’m uneasy paying the £380
If they come back and say I owe an extra £200odd to cover interest and late payment charges

I would keep the letter brief, simply state that following your call in March you have not heard back from them so you are sending a cheque for £380 as full and final payment for the outstanding balance on your account in accordance with the original agreement and subsequent calls with their operators. Ask them to confirm in writing that your account will then be closed with a £0 balance outstanding.

I would not bother with any more phone calls. Keep a copy of the letter and get proof of posting (this is free from your post office).

Gaz83

FtbDreaming wrote: »

It's nobody elses responsibility i was just saying that i didnt understand finance.

You specifically said "People need educating about the consequences of catalogues and BNPL". That implies it's someone else's responsibility to do the educating.

Willing2Learn

Gaz83 wrote: »

You specifically said "People need educating about the consequences of catalogues and BNPL". That implies it's someone else's responsibility to do the educating.

In my honest opinion, it is the role of society in general, to teach young people how to manage money and to budget successfully. I believe this should be taught in schools, alongside citizenship classes.

Gaz83

Willing2Learn wrote: »

In my honest opinion, it is the role of society in general, to teach young people how to manage money and to budget successfully. I believe this should be taught in schools, alongside citizenship classes.

As someone who's taught maths for the past eight years, I can categorically say that it is taught in schools.

It's no coincidence that the people I know who are terrible with money spent most of their maths periods actively avoiding doing any work the teacher set them to do.

Bec692

Yes it does show its buy now pay later which is what I argued. I had print screened it and then when they told me it wasn’t BNPL.. it all came off the statements but I do have the original statement saying this

Bec692

Thanks Clive that’s very helpful. I’m going to take your advice

Bec692

FtbDreaming wrote: »

When i was 23 and pregnant with my 2nd child i got a very account. Everything was bnpl and everytime i made a purchase the credit limit was increased. The minimum payments were £7 a month and I was naiively buying more stuff... anyway once the bnpl started to end the payments went from £7 to £250 a month and that was almost all interest. I couldnt afford it and the interest spirralled and what was about £500 of junk turned into a £2300 ccj.

It is now almost 10 years later and im paying the last £1000 at £100 a week so i can settle the ccj and hopefully move forward to buy a house.

If i knew then what i know now id have paid it all as fast as possible. The more time you waste arguing the debt the higher the interest rises and it will become unmanageable. Please just pay it off as soon as you can. You could still argue your case retrospectively and claim a refund of the interest.

Very are brutal, this ccj has had a major impact on me for too long. And the cheeky so and so's still email and write to me all the time offering a new account with £500+ limit. People need educating about the consequences of catalogues and BNPL.

That’s awful ! I defo don’t want a CCJ. I’m so
Annoyed because I kept chasing, and chasing. And they was investigating for ages and ages as it went over to their security team. And I was told not to pay anything until they finished their investigation. But they never emailed me or called or sent a letter to say they reduced it back to 380..
and now I’m in this mess. I hate very. Soon as it’s cleared I’m closing my account and never going back !!!!

Potbellypig

Gaz83 wrote: »

It's no coincidence that the people I know who are terrible with money spent most of their maths periods actively avoiding doing any work the teacher set them to do.

The world revolves around who Gaz83 knows, apparently.