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Why the negativity towards not paying
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Yes there are of course people who cant pay ie those made redundant etc and they should be treated sympathetically. I refer to those who CHOOSE not to pay either through deliberate borrowing with no intentions of repayment or just trying to wriggle out on a technicality because they cant be bothered to take responsibility for there own financial affairs.Quite right. Purposely withholding funds a debtor has available from a creditor is tantamount to theft. Of course if the debtor simply doesn't have the funds as they barely bring enough to pay the rent and feed the family, there is no theft as there was never an intention not to repay, just an inability.
Two very different things. Agreed?Total Debts @ Dec 2009 £16,2850 -
Lets not even get started on the fact that a lender sells a debt for as little as 8p in the £1 - so who pays this then, one asks?
Strange quote but something I've often wondered...
Does this mean that if you balance transfer, say £1000 from Card 1 to Card 2...
Card 2 could take the balance at a rate of 8p x 1000 = £80, rather than take on the entire actual £1000 of the customers debt but yet the customer would still owe the £1000?
If that is the case, that is truly disgusting.0 -
mufc689908 wrote: »Are the majority of people on here employess of credit card companies?
Whenever the subject is raised of not paying credit card debt the amount of people on here up in arms is suprising to say the least.
Im on 8k at the moment and well on the way to making that 15k written off, when the last ones taken care of that will make it 20k.
The credit card companies have been ripping people off for years why does half the forum love them so much?
I don't know why you find it so surprising that people object to others getting away with deliberate non-payment.
While I agree that banks have been p!ss poor with their lending criteria, people do still have free will and could have refused the loan or the credit limit increase and stuck to what they could afford.
I'm all for interest being frozen and people being given a fighting chance to actually pay debts back, but I think that people should pay back what they spent or if they do get a debt written off they should have a lifetime ban in getting more credit.
What makes me smile is the number of people that use so-called solicitors to try and get their debts written off that use a credit card to pay the fees.
I think that when Martin Lewis set up this website and embarked on his "consumer revenge" campaign, I really don't think that he had this kind of thing in mind. I don't think he does himself any favours by associating his forums with people that seek to escape their debt on legal technicalities.
If Mr Lewis had any sense he wouldn't allow such practices to be endorsed on here.0 -
ICan'tStandIt wrote: »I think that when Martin Lewis set up this website and embarked on his "consumer revenge" campaign, I really don't think that he had this kind of thing in mind. I don't think he does himself any favours by associating his forums with people that seek to escape their debt on legal technicalities.
If Mr Lewis had any sense he wouldn't allow such practices to be endorsed on here.
You really don't have a clue, right? I mean why else would you come here, rant about nonsense then disappear again - just like that!
The Consumer Credit Act 1974 (CCA1974) & Consumer Credit (Agreements) Regulations 1983 (SI 1983/1553) set terms for financial agreements and products such as credit cards, loans, hire purchases, mortgages and other forms of borrowing. These regulations included important items that made the agreement legal and sound. Yet despite these laws, many banks did not include all the important parts within the paperwork. If your loan or credit card was offered or agreed to with a faulty contract or disclosure, the bank may not be able to enforce the agreement.
There is nothing at all within the scope of the law that suggests anyone is using any type of loophole or system to get out of paying for their debts. It is a legal parameter that the lenders followed due process, they never so the agreements are in essence worthless and cannot be enforced.
What part of that, do you not understand, exactly? :mad:
2010 - year of the troll
Niddy - Over & Out :wave:
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mufc689908 wrote: »Are the majority of people on here employess of credit card companies?
Whenever the subject is raised of not paying credit card debt the amount of people on here up in arms is suprising to say the least.
Im on 8k at the moment and well on the way to making that 15k written off, when the last ones taken care of that will make it 20k.
The credit card companies have been ripping people off for years why does half the forum love them so much?
Maybe it's because the majority of people here:- Are responsible for their own actions
- Are mature enough to manage their finances correctly
- Are not out to run up idiotic amounts of debt (like you have for instance), and expect to have to pay nothing back
- Are tired of our interest rates increasing and costs incurring because of people like you
- Are tired of every post like this where people have decided they just cannot be bothered to pay their bills anymore
MSE is getting bogged down with this kind of rubbish!
Money Saving is the name of the site, but now it's become a magnet for every scummy individual that decides they can't be bothered to pay their bills anymore.0 -
The information in this subject which you give is always top notch and should be applauded.never-in-doubt wrote: »You really don't have a clue, right? I mean why else would you come here, rant about nonsense then disappear again - just like that!
The Consumer Credit Act 1974 (CCA1974) & Consumer Credit (Agreements) Regulations 1983 (SI 1983/1553) set terms for financial agreements and products such as credit cards, loans, hire purchases, mortgages and other forms of borrowing. These regulations included important items that made the agreement legal and sound. Yet despite these laws, many banks did not include all the important parts within the paperwork. If your loan or credit card was offered or agreed to with a faulty contract or disclosure, the bank may not be able to enforce the agreement.
There is nothing at all within the scope of the law that suggests anyone is using any type of loophole or system to get out of paying for their debts. It is a legal parameter that the lenders followed due process, they never so the agreements are in essence worthless and cannot be enforced.
What part of that, do you not understand, exactly? :mad:
It's just that it seems no-one can be bothered to pay their own way anymore if they can help it.
The OP purposely is running up huge bills to use the 'get-out', so surely that cannot be good for anyone.0 -
never-in-doubt wrote: »
There is nothing at all within the scope of the law that suggests anyone is using any type of loophole or system to get out of paying for their debts. It is a legal parameter that the lenders followed due process, they never so the agreements are in essence worthless and cannot be enforced.
What part of that, do you not understand, exactly? :mad:
Then what exactly are they doing if they are not trying to "get out" of paying their debts ?
I don't see what the frequency of my visits to this forum have to do with anything.0
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