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Halifax dirty trick

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Comments

  • Mark7799
    Mark7799 Posts: 4,806 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    setmefree wrote: »
    I have no dispute that you have come from the working class, what i am stating is the fact that your profits at this present moment of time or in the future will be subsidised by the tax payer.
    And if the banking industry does collapse, then once again this government has made provisions to protect savers interests up to £35,000.. which will be paid by once again you guessed it the bloody tax payer.

    So the "working class" do not aspire to buy homes or do not try and save money?
    Gwlad heb iaith, gwlad heb galon
  • Mark7799 wrote: »
    So the "working class" do not aspire to buy homes or do not try and save money?
    I totally agree, well said.
    ;) Cashpricezac-Yorkshire:j
  • setmefree
    setmefree Posts: 851 Forumite
    Mark7799 wrote: »
    So the "working class" do not aspire to buy homes or do not try and save money?

    Now where have i said those words???, i'm merely making a point of when things go wrong it's the tax payer who has to pick up the pieces, please correct me if that's not true.
    With regards to the working class buying homes, many people are on a such a poor wage wage that they cant even afford to get on the property ladder.;)
  • setmefree wrote: »
    Now where have i said those words???, i'm merely making a point of when things go wrong it's the tax payer who has to pick up the pieces, please correct me if that's not true.
    With regards to the working class buying homes, many people are on a such a poor wage wage that they cant even afford to get on the property ladder.;)

    That's why people need mortgages or shared ownership....without banks this country (and others) would not be able to operate.....unless you want to go back to trading beans!
    ;) Cashpricezac-Yorkshire:j
  • setmefree
    setmefree Posts: 851 Forumite
    That's why people need mortgages or shared ownership....without banks this country (and others) would not be able to operate.....unless you want to go back to trading beans!

    Ok then lets put it another way, a person who lives in an area where the wages are just above minimum has no chance whatsoever of getting on the property ladder,in fact he/she only justs manages to get by, so do you think it's fair for this person to have his tax payers money used to bail out others in the event of a financial crisis???
  • setmefree
    setmefree Posts: 851 Forumite
    That's why people need mortgages or shared ownership....without banks this country (and others) would not be able to operate.....unless you want to go back to trading beans!

    Well without the tax payers money they would be trading in beans lol:D
  • setmefree wrote: »
    Ok then lets put it another way, a person who lives in an area where the wages are just above minimum has no chance whatsoever of getting on the property ladder,in fact he/she only justs manages to get by, so do you think it's fair for this person to have his tax payers money used to bail out others in the event of a financial crisis???

    It horses for courses, when I earned less I got more from the Government..the more I earn the more tax I pay..so are you now saying that I should not pay money in tax as it goes to in benefits etc to those less well off...... I have been there and am quite happy with the whole system, yes I pay more, but I have worked several jobs to get my house and am very proud of it.
    ;) Cashpricezac-Yorkshire:j
  • setmefree
    setmefree Posts: 851 Forumite
    It horses for courses, when I earned less I got more from the Government..the more I earn the more tax I pay..so are you now saying that I should not pay money in tax as it goes to in benefits etc to those less well off.

    Im not saying that at all, i'm saying that those who buy shares or invest into different things know the risks from the word go,and if things go wrong they shouldn't rely on the tax payer to bail them out, with reference to your remark about benefits regarding tax payers money, the amount of tax payers money thrown in to a single transaction such as N.R. wouldn't even start to compare to those on low wages in receipt of benefits, oh and by the way majority on low wages claiming benefits such as tax credits still pay tax.
  • setmefree wrote: »
    Im not saying that at all, i'm saying that those who buy shares or invest into different things know the risks from the word go,and if things go wrong they shouldn't rely on the tax payer to bail them out, with reference to your remark about benefits regarding tax payers money, the amount of tax payers money thrown in to a single transaction such as N.R. wouldn't even start to compare to those on low wages in receipt of benefits, oh and by the way majority on low wages claiming benefits such as tax credits still pay tax.

    I know they do, I used to until about 2 years ago!. To be honest its clear from all the messages that the media has a lot in this as people don't understand why banks are borrowing money...its not cost taxpayers anything...has income tax gone up...No....have tax credits...yes!. We have lent Money to Northern Rock but that have enough in mortgages to offset this. I will leave with this ....if you really think that banks should go to the wall, do you really think the country would be in a great position (tax payer or no tax payer).... I know my answer and that of the all the Governments in the World....NO.


    Right off now to count some beans just in case!!!
    ;) Cashpricezac-Yorkshire:j
  • Dylanwing
    Dylanwing Posts: 2,015 Forumite
    OP - I have seen similar posts, and in most cases, the Banks have agreed to repayment over a period of time. As others have said, the Banks are protecting their interests, and for equity sake, it might be an idea if you did the same and arranged a new account elsewhere for your monies to be paid into. Your well-being is far more important than the Banks, it will be aditional leverage in negotiations, and might reduce charges.

    One thing to remember, us individuals who go through a debt crisis remember it and usually avoid making the same mistakes again. The Banks will forget their reckless lending and buying of junk debt in time, and in about another 10/15 years we will see the same mistakes repeated.
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