Offered 10% early settlement

sourcrates

MattMattMattUK said:

sourcrates said:

People in debt rarely have an easy time of it, there are usually underlying circumstances which necessitates actions such as this, and making judgemental statements when you know absolutely nothing about the OP’s situation can backfire on you spectacularly.

Maybe they do not have "an easy time of it", but neither to the people they do not pay. We all have to pay higher rates of interest, higher costs, higher charges etc. because people do not pay their debts.

sourcrates said:

The moral squad always respond in force to posts such as this...

So you think it is acceptable to not pay your bills? How about my friends who could not pay his mortgage for six months because people decided it was acceptable to not pay him despite having the money to do so? How about the person I had to spend nearly a year battling through the courts to get payment for a previous employer because they decided not to pay?

sourcrates said:

Much more prudent having it there for your benefit, than to add to the profits of a debt purchasing company.

It might be "prudent", but it is also utterly selfish and has negative impacts on wider society.

sourcrates said:

Posting as you do, displays a crucial lack of understanding of how the debt industry actually works, and also shows a remarkable lack of empathy for someone having a tough time of it.

Most people are aware of how the "debt industry" works, they are aware that non-payment of debt pushes up costs for all of us, the cost of people not paying is added in as part of the calculation for the overall cost of things. Much like people think shop lifting from large stores is a victimless crime, even though that pushes up prices for all of us.

I have been in debt before, I no longer am, I paid every penny that was due because that is the morally and legally right thing to do. Having a tough time is one thing, that is when people should knuckle down and sort things out, not hide money from their creditors and try to screw over wider society. 

I understand your perspective, you are on the other side of the coin, at a guess a small buisnessman who was owed money, if that were the case then its perfectly natural to take that stance.

We all have to take our positions on things, as there are always two sides to every situation.

A debt advisor has to see all sides, and try and work out whats fair all round, the position changes somewhat when you are taking about debt purchasing companies, to my mind what they do is immoral.

"I paid every penny that was due because that is the morally and legally right thing to do" - that may be so to some, but not everyone can do that, its far to complex an issue to bind it down to just that one simple sentence, life is not like that, the thousands of new clients stepchange advice every month attest to that.

This is perhaps the wong thread to discuss this matter any further, so we will leave it there.