Halifax dirty trick

MUDGUTS

cashprincezac

Let's have a look at some of the things you have said in this thread:

First of all, your reply to my post:

Quote:
Originally Posted by MUDGUTS
I
The reason the o/d was not renewed was probably that I have defaulted on my Halifax Credit card and was sending them £25 per month rather than £200 or so. Interest was mounting up and was £200+ each month. Now I have started a new job I had set up a STO for £300 each month and am now in a position to send fifty or a hundred extra each month and could have soon reduced the balance to below the credit limit in about 2-3 months.


Anyway, aren't Halifax the UK's biggest mortgage lender? If they are withdrawing o/d facilities so quickly they must have a good idea about what the future holds.

cashprincezac said:

Why are people so quick to moan...would you lend money to someone without the security of a house or similar...more and more banks are lowering their overdrafts...If you lent money to someone who had defaulted, I am sure you would let them build up an unsecure debt with yourself...NOT.

I appreciate people get in these situations...but as I said before I have always been brought up to work hard and you should not borrow too much money...just but what you can afford

Why are people so quick to moan...

Well I wasn't really moaning, just explaining how I had encountered a similar situation, if you read my post you can see I am hardly worse off, my point is that Halifax had (in my case) a poor attitude to service, I never blamed them for my situation, but draw the readers attention to the fact that they, in the end, compromised which they could have done on day one. Their bad attitude lost them business.

would you lend money to someone without the security of a house or similar...

They did in the first place, all my debt is unsecured.

If you lent money to someone who had defaulted, I am sure you would let them build up an unsecure debt with yourself...NOT.

Halifax were not in my case or the OP's allowing us to ...'build up an unsecure debt...', what they were doing was making it more expensive to get out of debt in the OP's case and I also may have incurred countless charges had I not been able to come to an agreement.

From what I can see in your posts, you have a strange and small minded attitude.,

I am (and I came from) a working class family. My dad was a miner before that all closed down.

Do you own in an ex-council house?, the selling of 'social housing' was a Conservative policy, headed by Lady Thatcher. If you don't then I would have nothing to say about this, but if you do, I would be puzzled because you come across as a kind of smug socialist who is happy to invest, rather than save and accept the risks that go along with share ownership.

Some people fund professional training with credit, and move onto better careers as a result of this, the salary for a lawyer (which I am not) for example can be immense, but it is a risk.

Others are happy to take state benefits when they need to, yet like to invest when they are in better times. To be smug about having never borrowed unless it is for bricks and mortar is stupid, it's quite likely, the housing market may unwind slowly by 30-40% over the next few years.

You could lose money on your house and shares if we hit, not a recession but a DEPRESSION, what would you say if your circumstances made you sell your house and use that money to live, what if that ran out and you had to borrow. Your precious principles wouldn't allow that, how would you live?

Opening statements like 'Why are people so quick to moan' mean, you have no cause to complain or moan if things don't go your way in the future. Your attitude is typical of a small minded idiot.

And as for all this rubbish about 'don't believe the media' and 'I live less than 3 miles from Dewsbury', etc., etc., that whole episide is a national embarresment, all the facts have yet to come out to you or in the media...

cashprincezac

Get a life:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

You clearly do not understand my point or my situation. I saved by doing various manual jobs to be able to better educate myself and get a better job. I am not small minded, I just have been brought up to never have things you can't afford...and if there is a crash or something happens then I will not moan...its just called life.

I was just saying banks are businesses and not charities

MUDGUTS

cashprincezac wrote: »

Get a life:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

You clearly do not understand my point or my situation.

I was just saying banks are businesses and not charities

Neither is the state a charity. Could you have survived without benefits in the past, of any kind?

You could have made this point in post number 17 and left it there, instead you became embroiled in arguments and brought up your half-baked theories about business, idiot.

setmefree

cashprincezac wrote: »

Get a life
I was just saying banks are businesses and not charities

No and neither is my TAX MONEY, so basically the Banks are the one's who should get a life instead of living of the backs of the tax payer, they should get their own finances sorted instead of crying on the tax payers shoulders.
:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

cashprincezac

setmefree wrote: »

No and neither is my TAX MONEY, so basically the Banks are the one's who should get a life instead of living of the backs of the tax payer, they should get their own finances sorted instead of crying on the tax payers shoulders.
:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

You clearly do not understand what is going on--possibly because of the way is reported...only Northern Rock has actually used tax payers money. They need to keep lending to people to get mortgages otherwise the economy would grind to a halt.

cashprincezac

MUDGUTS wrote: »

Neither is the state a charity. Could you have survived without benefits in the past, of any kind?

, idiot.

Only one idiot here (thanks for all the PMs re the abuse I have in this thread).

I pay taxes and as I have previously stated I have no complaints that my money goes towards tax credits or making this country work

setmefree

cashprincezac wrote: »

You clearly do not understand what is going on--possibly because of the way is reported...only Northern Rock has actually used tax payers money. They need to keep lending to people to get mortgages otherwise the economy would grind to a halt.

So now your going to tell me that the 11 Billion on offer to other Banks won't be coming out the public funds

Lender of Last Resort

Financial crisis management is a key element of the Bank’s responsibility for financial stability. The Memorandum of Understanding (MoU) on financial stability between the Bank, FSA and HM Treasury outlined that in a financial crisis the Bank might need to undertake support operations – commonly referred to as acting as ‘Lender of Last Resort’. The aim of these official financial operations would be to limit the risk of problems in or affecting particular institutions spreading to other parts of the financial system.
The situations in which the Bank might undertake support operations are outlined in the MoU. It notes that a support operation ‘is expected to happen very rarely and would normally only be undertaken in the case of a genuine threat to the stability of the financial system to avoid a serious disturbance in the UK economy’. If the Bank or the FSA identified a problem where a support operation might be necessary, we would inform or consult with each other. The Chancellor would be given the option of refusing a support operation, given that public funds might ultimately be put at risk.

cashprincezac

I never said that either... I am saying that our taxes won't go up...its too close to an election.

setmefree

cashprincezac wrote: »

I never said that either... I am saying that our taxes won't go up...its too close to an election.

Our taxes have no need to go up:rolleyes: if they can plough 26 billion into N.R. and then offer another 11 billion to other banks, obviously our tax money has accumulated bigger mountains than everest.
It aint as if they poor and needy have any right to it is it, the Banking industry is far more important :mad:

Baron_Greenback_2

At this point it's always good to understand what money actually is so you can put everything in context!

http://video.google.co.uk/videoplay?docid=-9050474362583451279&q=money+as+debt

Always worth a watch when people are talking about how its irresposible to lend money to someone who can barely afford to pay it back, is it more or less responsible to lend someone money that you havn't got?