Massive debt couple given reprieve.......

[Wacky Racer]

http://news.bbc.co.uk/1/hi/england/merseyside/3962963.stm

[XM5er]

Bring back debters prisons!

[thebluemonkey]

Unless it was miss sold to them then I can't see why they should have that debt cancelled. It even says that it was a high risk interest rate and this is exactly the reason why it was so high, people don't pay it back. Banks are there to make money, not help people out with lifes little problems.

[nonegreen]

XM5er said:

Bring back debters prisons!

Grow up you facist tosser

[XM5er]

nonegreen said:

XM5er said: Bring back debters prisons! Grow up you facist tosser

Ever been ed over by a conman for a £10k, beaten them in court and have them get away with it because the law has no teeth.

Until you have, piss off!

[chrisgr31]

As was pointed out on Radio 2 the other day, when this loan was taken out base rate was 13 or 14% so the rate which applied to this loan does not seem so high in comparision.

Anyway why has i goot this far? What effort did they male to pay?

Certainly I believe even if the amount now outstanding is unreasonable they should pay something.

Who is paying the costs?

[PatHeald]

nonegreen said:

XM5er said: Bring back debters prisons! Grow up you facist tosser

Do you mean Fascist?

Or did you have a lobotomy at the same time as your sense of humour bypass?

Cheers

Pat

[XM5er]

I did say it tongue in cheek Pat, I'm glad you noticed, but I still think the law has no teeth in these matters.

[Wacky Racer]

It would be interesting to see how much of the ORIGINAL 5750 pound loan this couple have paid off in the 15 years........

[nonegreen]

PatHeald said:

nonegreen said: XM5er said: Bring back debters prisons! Grow up you facist tosser Do you mean Fascist? Or did you have a lobotomy at the same time as your sense of humour bypass? Cheers Pat

I do not recall asking you so please mind your nose

[nonegreen]

XM5er said:

I did say it tongue in cheek Pat, I'm glad you noticed, but I still think the law has no teeth in these matters.

The law deserves no teeth in these matters and I am glad you lost 10k rip off is rip off if you defend it you deserve to be its victim.

[PatHeald]

nonegreen said:

PatHeald said: nonegreen said: XM5er said: Bring back debters prisons! Grow up you facist tosser Do you mean Fascist? Or did you have a lobotomy at the same time as your sense of humour bypass? Cheers Pat I do not recall asking you so please mind your nose

Furry Muff, I'll crawl back under my stone then....

Cheers

Pat

[vixpy1]

It sounds to me like it was dismissed on a technicallity in the orig agreement.

[PatHeald]

Wacky Racer said:

It would be interesting to see how much of the ORIGINAL 5750 pound loan this couple have paid off in the 15 years........

As they seem to originate from Meeeeeerseyside, I'd be amazed if anything had been paid.

[thebluemonkey]

nonegreen said:

The law deserves no teeth in these matters and I am glad you lost 10k rip off is rip off if you defend it you deserve to be its victim.

What the hell are you on about ? Sign a contract and don't stick to it and you should be let off if you can't pay? It is a rip off but as long as they walked into it with their eyes open and weren't lied to or conned then surely they should be forced to honor that contract ? Not thinking should not mean they have no responsibilities or obligations.

[Wacky Racer]

PatHeald said:

Wacky Racer said: It would be interesting to see how much of the ORIGINAL 5750 pound loan this couple have paid off in the 15 years........ As they seem to originate from Meeeeeerseyside, I'd be amazed if anything had been paid.

Errr, calm down, calm down.......

[Broccers]

nonegreen said:

XM5er said: I did say it tongue in cheek Pat, I'm glad you noticed, but I still think the law has no teeth in these matters. The law deserves no teeth in these matters and I am glad you lost 10k rip off is rip off if you defend it you deserve to be its victim.

Thats a very silly thing to say.

These people are idiots and deserve all they get.

[parrot of doom]

living on planet zog said:

What the hell are you on about ? Sign a contract and don't stick to it and you should be let off if you can't pay? It is a rip off but as long as they walked into it with their eyes open and weren't lied to or conned then surely they should be forced to honor that contract ? Not thinking should not mean they have no responsibilities or obligations.

You seriously think that the contract they entered into was a fair one? I think the judge was absolutely correct in what he did.

The world isn't black and white. What if you told a friend you'd drop a pint of milk around, and you didn't make it? What then, if that friend decided to sue you, because you entered into a verbal agreement to deliver some milk? What if he wanted £1 000, because he felt that was a reasonable sum of money for not being able to have a cup of tea that morning?

Whatever happened to common sense?

[andy mac]

Wacky Racer said:

PatHeald said: Wacky Racer said: It would be interesting to see how much of the ORIGINAL 5750 pound loan this couple have paid off in the 15 years........ As they seem to originate from Meeeeeerseyside, I'd be amazed if anything had been paid. Errr, calm down, calm down.......

Glad to see originality is alive and well... next

[nonegreen]

thebluemonkey said:

nonegreen said: The law deserves no teeth in these matters and I am glad you lost 10k rip off is rip off if you defend it you deserve to be its victim. What the hell are you on about ? Sign a contract and don't stick to it and you should be let off if you can't pay? It is a rip off but as long as they walked into it with their eyes open and weren't lied to or conned then surely they should be forced to honor that contract ? Not thinking should not mean they have no responsibilities or obligations.

Have you read the Merchant of Venice? If not read it, the whole issue is covered there. I have spent most of my working life dealing with contracts. Mostly the intentions of those who write them are to deceive.