CCA - moral implications

kel123_2

Just before I went on my DMP with the 'this and that added' a 48K debt ended up a 56K debt. So how did/do they (banks, DCA's) earn this money and what justification can they come up with. Yes you signed to agree by the rules we set out so you owe it (business is busines). BUT for some apparent reason when we (Joe Public) use this rules it is classed as imoral and underhanded.

So edruskuk the answer is BUSINESS IS BUSINES it's not personal.

Deep_In_Debt

kel123, I agree but I spent the money so I am committed to paying it back. I just don't want to go through the hassle of court action and the risk of losing my house in the process - I took out unsecured loans for that reason. I will give as good as I get as far as DCA's are concerned, but I am trying to pay back what I owe. If charges have been added then, yes, I do expect the creditor to be reasonable in that respect.

10past6

Deep_In_Debt wrote: »

the risk of losing my house in the process

Hi

Very briefly, I just want to reasurre you, it's NOT that easy to lose your house, the DCA can / may apply for a charging order, that does NOT mean you will lose your house.

Deep_In_Debt

Hi, thanks - yep I am aware of that. Just can't be bothered with the hassle of it all. I don't particularly want CO's or threats of it. Work long hours and have family to look after so just don't have the time or strength to fight any court action at the moment.

Furthermore, my parents helped me purchase this house (many years ago) so most of the equity belongs to them so don't want my elderly parents to go through the stress either.

kel123_2

It is my understanding that only the first charge on the property can reposess and after that the other charges have whats left.

The CCA route is not easy and takes alot of will power, stickability and and determination to follow through. I don't want this to sound as if i'm being holyer than though because i'm not that type of person but if your not prepared to push the last mile then this route is not for you. I see it as a game of chess or cluedo with both sides playing a game of misdirection to achieve their goal. If I asked the question Is scrabble of game of spelling words? My answer would be no! it's a game of using words to your best advantage. You have to have a game plan and stick to it untill the end realising all the posible outcomes.

nimbo

it has to be said that as others have said the DCA's have no morals so why should any of us. even if all asking for a CCA is give them a headache then why the hell not.

i know people personally who hev even proven without a doubt that the debt wasn't there's and there are more on here who have done the same...

it's a good way of buying time, and if these DCA get enough people doing it on a debt that they bought for 20p in the £ then they may just recinsider being such @r5e5 in the future.

(i know thats wishfulk thinking but we can all live in lala land...:rolleyes:)

Leixlip1

I wouldn't have gone down the CCA route but Barclaycard renaged on an agreement we had, sold on to a DCA and "hid" behind their terms & conditions - so I am now "hiding"/using the law to my advantage.
All is fair in love and war.