Write off credit cards!

Blimey! What a lot of law abiding, sensible honest people on this board. I have cc debts and do struggle to pay them sometimes. My choice, ran one up to £10k to pay vets bill on my old horse who I loved very much and did anything I could to try and save him. Knew I would struggle to pay it back but did it anyway. Guess that makes me dishonest? I work 50 hrs a week and expect nothing free. Have to say though, I don't know if I would say "no thankyou" if there was a way to make my cc debt disappear. It is very easy to sit in judgement on people, especially when life is rosey, none of us know what is around the corner.
 
My life is not "rosy". I struggle to ensure I have enough money to pay debts. In my view, if people can afford to keep a horse, then they should be in a position to pay off their debts. Horses are a luxury item (and as we all know, a very expensive one!)
 
Oh I completely agree in theory. What I mean is I don't know how I would react if someone could take my debt away! It hasn't happened yet just wondered if I would be of a strong enough character to say "no thank-you, I would rather pay my way". Nice thought though isn't it.
 
Although I agree that the banks have only themselves to blame for the situation, I do find some peoples attitude to debt morally questionable.
Sir Walter Scott was made bankrupt when a publishing firm he was a silent partner in failed - he was left with thousands of pounds worth of debt. Although the firms failure wasn't his fault, he worked tirelessly to discharge all of his debts and refused all offers of help from creditors. It was a matter of honour for him.
It just seems that nowadays, no one has that sense of honour, which I think is sad.
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DD - the situation with your sister's card should still classed as fraud, even though it was a relative, unless she gave her PIN number to her MIL. Has she contacted the fraud dept of her bank/lender?

In general response- take responsibility for your actions, people! If you spend the money, you pay it back.

If you go down this route, your credit rating will be buggered and the lender will never lend to you again, if they write your debt off. This applies to bank accounts, credit cards and loans.
 
If the lady hadn't been able to credit she would have perhaps gone bankrupt at the time, gone on benefits etc, and learnt to live within reduced means. Instead she could now go bankrupt owing lots of people money that she can't pay back (well, that is what bankruptcy is for isn't it?). When made bankrupt, providing that you co-operate with the Official Receiver/Trustee in Bankruptcy, you are bankrupt for less than a year (sometimes as little as 6 months). Yes it does go on your credit rating for a while, but it DOES come off again. You may lose your home/expensive car/whatever and you may have to contribute from your income for up to 3 years.

Surely that's better (clear conscience etc) than thieving money from a bank?! Jesus Christ how low will some people sink?!

It seems we are a nation of conmen at heart?

Sorry, rant over, with apologies for the outburst.

Besides, isn't it not-allowed to advertise your services on here goldenboy?
 
what about people who have tried to be 'honest' and pay back their debt, having arranged payments and freezing intrest with the card provider, only to find that the debt has been 'sold on' without their knowledge. The intrest payments have increased and a debt that should have taken 4 years to clear will now take 15, unless of course the debt is sold on again. The person involved has paid as much as they can each month, but due to circumstances beyond their control their income has dropped. They are trapped in a vicious circle and can not see a way of this problem ending.
 
Even after the 3 years bankrupt, it will be forever on your records so to speak. Try getting insurance if youve bankrupt before too.

And actually if you read my original thread, i wasnt advertising i was talking about my hubbys new thing. Those that know me will know why i posted it, So when people mention what they do for a living on here are they all advertising?
 
All I would say for those jumping down the throat of others about their taking on of debts is that most people have a debt of some sort, ie, mortgage at the least because we all need a home. I don't know anybody who has used credit cards without the intention of paying them back and equally I don't know anyone rich enough to never need to borrow at any time in their lives.

IME not all credit card borrowing is for the latest handbag or Jimmy Choos, is if often for bills, council tax etc because IT IS SO BLOODY EXPENSIVE to live in this country, you either have to be really well off or on benefits so get everything paid. Mr & Mrs average are really struggling.

So to anybody saying others are wreckless by borrowing I hope nothing unexpected ever happens to you, debts can ofter be long term and can you honestly say that redundancy, illness, bereavement etc will never happen to you and throw your finances off kilter, and in a familys time of need banks do nothing to help, so if someone defaults through circumstances I have sympathy not condemnation.
 
I don't think anyone is jumping down people's throats for getting into debt. I'm in debt, and pretty much always have been since leaving school (what with student loans, overdraft, credit cards, now mortgage, overdraft and car loan). Debt is normal for this country, more so than anywhere else. I have just got in debt to the tune of £2.5k for my horse's bone scan, which insurance won't cover. But, I do not anticipate using any loopholes to get out of that debt.

I've been thinking about this whole issue long and hard. I think my issue with using this loophole is that to me it smacks of dishonesty/slyness. Whilst the end result is the same (i.e. person with no debt), it's the methodology that concerns me. I don't know why, and I've really held my views to the light and examined them yet and I can't figure it out. Perhaps, coming from a relatively poor and debt-ridden family as I do, it touches a nerve.

It is no different to personal guarantees signed by directors (or not, as the case may be) when banks come to enforce them - I've advised many a director to check that the bank has a valid signed guarantee - too many banks have wittered on about them for so long to directors that directors assume they must have signed one although they don't remember it - but when it comes down to it, the bank can't find it.

It's an interesting intellectual point. I apologise if I have put anyone's nose out of joint with my forthright views.
 
its not the fact that they got into debt, that was their choice the couple in question did not seem to be paying the council tax, gas bill but more seemed to be living a "lift style" which was beyond their income means. they have then found a way through a loop whole that means they don't have to pay for it. which is theft as they have kept the goods which they have bought with it.

i know people who have ended up on hard times not through any actions of their own and trust me i do have respect for these people. but the two people which where mentioned at the start of the topic i am afraid i have no respect for them
 
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All I would say for those jumping down the throat of others about their taking on of debts is that most people have a debt of some sort, ie, mortgage at

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As far as I can see, no one has jumped down the throat of anyone getting into debt using their credit card. The issue here is that why should people find a loophole to avoid paying their debt? This makes life more difficult for those of us who DO pay off our debts. After all, isn't insurance getting more expensive because people are continuously claiming - I bet everyone knows someone who has boasted of getting their whole house recarpeted because of one small stain? Every time this type of thing goes on, it has a backlash on everyone else.

Slight deviation from topic there, but it is all about dishonesty. And to me, being dishonest is not a matter of being legally right or not, it is more a moral issue.
 
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