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  • Foxington
    • #2
    • 6th Nov 09, 11:08 AM
    • #2
    • 6th Nov 09, 11:08 AM
    I think you did right losing your rag a bit with that guy, he was being deliberately awkward!

    A huge thank you for fighting this on others behalf
    • poorbutrich
    • By poorbutrich 6th Nov 09, 1:41 PM
    • 1,515 Posts
    • 5,863 Thanks
    • #3
    • 6th Nov 09, 1:41 PM
    • #3
    • 6th Nov 09, 1:41 PM
    I heard some of this quite early one morning last week on the Today programme.

    Martin, you did a great job and it did make me laugh to hear the chairman berating one of the bankers for not putting forward any figures whatsoever!
  • borders_dude
    • #4
    • 6th Nov 09, 4:14 PM
    • #4
    • 6th Nov 09, 4:14 PM
    I always find select committees riveting viewing on BBC Parliament!
    When dealing with the CSA its important to note that it is commonly accepted as unfit for purpose, and by default this also means the staff are unfit for purpose.
    • Zyyb
    • By Zyyb 6th Nov 09, 11:50 PM
    • 103 Posts
    • 676 Thanks
    • #5
    • 6th Nov 09, 11:50 PM
    • #5
    • 6th Nov 09, 11:50 PM
    Brilliant Martin, really well argued! You seemed remarkably calm and cool, the 5 who come after you are such weasels!!

    Getting so frustrated to them, cutting the 7% figure down, the reason they can't say why it's less then 7% is because each company scores different and we dont know how they do it. Covering up the figures by keeping the credit scores secret!! The Comittee should ask for the credit tables..

    The BBA talks about checking account behaviour, so what if you want to shop around? New banks wont have your account activity, so they can't check that! Grr
    Last edited by Zyyb; 07-11-2009 at 12:09 AM.
    The Number One Reason for the Success of the Internet

    Debt at highest - 23,240 - Debt as of May 15 - 2300 0% CC DFD - Mid 2016! Bloody wedding to save up for now!
    • JDPower
    • By JDPower 7th Nov 09, 4:16 AM
    • 1,587 Posts
    • 1,493 Thanks
    • #6
    • 7th Nov 09, 4:16 AM
    • #6
    • 7th Nov 09, 4:16 AM
    Saw this when it was posted on the previous thread on the subject. My personal favourite moment was the woman in the second section when asked how many credit searches would be involved if he he bought a house, new car, car insurance, house insurance, changed electricity provider.

    Her response, "A proportion". Well thanks for such an enlightening answer :rolleyes:

    Oh and is it just me or is the link missing from the blog article? He says "I wanted to post the link below in case any one wants to see it" but it's not there.
    Last edited by JDPower; 07-11-2009 at 4:24 AM.
    • G'Meister
    • By G'Meister 7th Nov 09, 2:48 PM
    • 824 Posts
    • 347 Thanks
    • #7
    • 7th Nov 09, 2:48 PM
    • #7
    • 7th Nov 09, 2:48 PM
    I'm on pay as you go mobile broadband whilst I move house so I didn't want to watch too much of the video, your tone and the way you were making speeches to them wasn't perhaps the most diplomatic approach but it certainly gets the message across, I think I recall reading mention that you were on your University's debating team, I represented youth in my area when I was younger in parliament on occasion and would've been glad to have you on my side, as you are now .
    I didn't see his name, but one member of that committee was almost acting as if he had a vested interest in things staying as they are (to the extent that I think he weakened any defence he might've otherwise offered them!). When he asked for unobtainable figures, and then tried to make out this issue could be affecting as few as 1,000 people... what an !!!.
    Far as I'm concerned, if this is acting to the detriment of 1,000 people on low incomes, and they're ending up paying 30% instead of 7% (or whatever) then that's potentially 1,000 broken homes; people commit suicide, turn to drugs, ruin their marriages, fall into depression and other mental problems, over money troubles, and repaying a 30% loan on a low-income sounds like a definite recipe for money troubles, so whether it is 1,000 people or 10,000,000 people that're seriously affected by this issue, something needs to change.
  • jeycon
    • #8
    • 8th Nov 09, 12:11 PM
    • #8
    • 8th Nov 09, 12:11 PM

    I would say that you performed most professionally in front of that committee. I don't believe that you were out of order in any way. You were strong in your delivery because you are passionate about what you believe in. You value fairness and you are entirely up front with everything that you do with

    It comes across to me that some members of that committee may have vested or other interests or you may have just ruffled a few feathers. I think we have to remember that the financial institutions have a big lobby group at Parliament too!

    Overall well done with your performance at this event and I do hope the members consider the situation very carefully and put some of your ideas to action. I liked the bit about financial education for the youth!

    Keep up the good work!
    • MothballsWallet
    • By MothballsWallet 8th Nov 09, 3:58 PM
    • 13,533 Posts
    • 18,778 Thanks
    • #9
    • 8th Nov 09, 3:58 PM
    • #9
    • 8th Nov 09, 3:58 PM
    Watching this at the moment. I think both Martin and Toby did well. However, some of those MPs on the committee seemed to think they could speak to others like we live in the Stalinist USSR: last time I checked, we don't.

    Also, why do we have at least 4 credit reference companies in this country (Equifax, Experian, Callcredit and Aristotle, iirc)? Doesn't that just increase the chances of them screwing your file up?
    Always ask yourself one question: What would Gibbs do?

    I live in the UK City of Culture 2021
  • melancholly
    i don't really understand why the first MP asked such an antagonistic quetsion! after that, it seemed that they wanted to listen and thought it was a concern, but what an odd way to start things off!

    (i think that was officially a rant though - but a justified one!)

    now to watch the next sections!
    • mattytun
    • By mattytun 10th Nov 09, 1:32 PM
    • 13,627 Posts
    • 238,226 Thanks
    Well done martin
    • Joe_Bloggs
    • By Joe_Bloggs 19th Nov 09, 9:21 PM
    • 4,493 Posts
    • 1,583 Thanks
    I was impressed by the whole occasion. Martin and sidekick did extremely well in getting a difficult point accross. The most disappointing aspect was the lack of interest from the OFT? Their attitude seemed to be that they should not get involved.
    Some sort of screen credits should have been provided for the participating individuals.

    John McFall (chair) came across as assured and just.
    • twinmom04
    • By twinmom04 25th Nov 09, 9:26 AM
    • 207 Posts
    • 190 Thanks
    welldone martin

    i got caught out by this exact thing when i applied for a loan, thank you for fighting our corner. the very first loan I had (a few years ago) I was given a quotation first. I would also like to know why they have changed tothe newer stupid way of doing things surely they are only shooting themselves in the foot. saying that I'm stuck with a loan at 16% when I applied it was 9%
    cracker challenge silver: 610/1010.00
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