Debt collection agencies - Page 3

Eric · 01-05-2012, 23:33

Quote:

Originally Posted by Mancie

What's the not so old saying? .. if you owe the bank £300 you worry.... if you owe the bank £3million they worry..

How true.

How to Borrow Money, by Stephen Leacock - Classic Essays - A Classic Comic Essay by Stephen Leacock

BERNADETTE · 01-05-2012, 23:46

Quote:

Originally Posted by jaysay

Its hardy surprising people get into debt when you see all these quick fix borrowing short term loads, the money will be in your account within 15 minutes, they are supposed to check out you ability to be able to pay the money back, by law, how they can do that in 15 minutes is beyond me, and with interest rates in some cases over 2000% apr, its tailor made to get you into debt

Whilst I agree te lenders must share the blame for folks getting over their head in debt surely the person doing the borrowing must share the blame equally

If you can't afford to pay back don't borrow is the best maxim to live by, it just seems that a lot of people want everything "yesterday" and hang every other consideration

AccyChris · 01-05-2012, 23:50

Quote:

Originally Posted by BERNADETTE

Whilst I agree te lenders must share the blame for folks getting over their head in debt surely the person doing the borrowing must share the blame equally

If you can't afford to pay back don't borrow is the best maxim to live by, it just seems that a lot of people want everything "yesterday" and hang every other consideration

well said....nice maxim you live by

AccyChris · 02-05-2012, 08:18

is it not the case that if your unfortunate enough to find yourself having to deal with these fools you can say something even they can understand (because it's simple

) i.e:

The Bills of Exchange Act, 1882 says that - once a debt is paid - said debt is extinguished

so when YOUR company paid JOE BLOGGS for MY so-called ‘debt’(without informing me 1st) … MY so-called ‘debt’ was extinguished???

I'VE no contract with YOUR company.... now goodbye

p.s thanks for paying my debt to joe bloggs

jaysay · 02-05-2012, 08:31

Quote:

Originally Posted by BERNADETTE

Whilst I agree Te lenders must share the blame for folks getting over their head in debt surely the person doing the borrowing must share the blame equally

If you can't afford to pay back don't borrow is the best maxim to live by, it just seems that a lot of people want everything "yesterday" and hang every other consideration

That was my point Bernie, I have never owed anybody anything in my life, except for a mortgage. If I have ever wanted anything I've saved for it, not gone out and got it on HP, or the never never as it was called when I was young, you should never spend money you haven't got, it nearly always leads to heartache

Boeing Guy · 02-05-2012, 09:44

Quote:

Originally Posted by AccyChris

With more an more folk finding everyday life getting harder and more expensive they can soon find thereself's in a battle with a D.C.A so i thought i'd start this thread to see if anyone has any personal experiences or/and idea's on dealing with them
apart from the ignorance or explicit verbal intercourse route

People want nice new shinny things, it's called consumerism, some say it's keeping up with the Jones's. If you take debt on, then it is up to you to pay it.
Thats called responsibility.
There is a lot and I mean a lot of information out there to help you decide what works for you.
The Debt Collection Agency's are not nice people, but there is a very easy solution, don't borrow, or buy on HP

jaysay · 02-05-2012, 09:49

Quote:

Originally Posted by Boeing Guy

People want nice new shinny things, it's called consumerism, some say it's keeping up with the Jones's. If you take debt on, then it is up to you to pay it.
Thats called responsibility.
There is a lot and I mean a lot of information out there to help you decide what works for you.
The Debt Collection Agency's are not nice people, but there is a very easy solution, don't borrow, or buy on HP

Works for me BG

AccyChris · 02-05-2012, 10:17

there's a old saying that goes something like
the things you own end up owning you

the obvious solution to debt as alot of folk seem to say is don't get into it in the 1st place but fact is some folk (sometimes through no fault of there own) find themselfs in face to face with a intimadating foe demanding goods and payments

accyman · 02-05-2012, 10:35

Quote:

Originally Posted by AccyChris

is it not the case that if your unfortunate enough to find yourself having to deal with these fools you can say something even they can understand (because it's simple

) i.e:

The Bills of Exchange Act, 1882 says that - once a debt is paid - said debt is extinguished

so when YOUR company paid JOE BLOGGS for MY so-called ‘debt’(without informing me 1st) … MY so-called ‘debt’ was extinguished???

I'VE no contract with YOUR company.... now goodbye

p.s thanks for paying my debt to joe bloggs

if only it was that easy lol

AccyChris · 02-05-2012, 10:49

Quote:

Originally Posted by accyman

if only it was that easy lol

is it not?

i mean when you get a visit/letter from Bailiffs or DCA, what has happened is they have paid off your so-called ‘debt’ (very cheaply) and are demanding that you pay them back.

But did They check with you first to see whether you actually owed monies in the 1st place? did they agree with you beforehand that you would pay it back? do they demand repayment of their outlay?

No. They just muscled in.( Did you ask them to? No you didn’t)
and paid off your alleged ‘debt’. So that debt no longer exists.

And, if they had wanted to be paid back, they should have got your agreement BEFOREHAND … shouldn’t they?

NO CONTRACT NO PAYMENT sorry Mr DCA lol

Balbus · 02-05-2012, 11:44

Debts become statute-barred after 6 years providing they have not been acknowledged within that time. They can be assigned to a 3rd party, but notice has to be given of the assignment.
"Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry."

AccyChris · 02-05-2012, 12:44

Another way of dealing with a DCA knocking is to make them a notice for your door
i can post mine if it's allowed as i do love a good notice

accyman · 02-05-2012, 13:17

Quote:

Originally Posted by Balbus

Debts become statute-barred after 6 years providing they have not been acknowledged within that time.

thats the term i couldnt remember i used it myself when a friend of mine informed me of it.Vodafone wanted £500 off me despite me not ever using their servive.I think they bought or transfered a debt i disputed from BT CELLNET and added a load of costs on to it.

AccyChris · 02-05-2012, 13:46

Quote:

Originally Posted by accyman

thats the term i couldnt remember i used it myself when a friend of mine informed me of it.Vodafone wanted £500 off me despite me not ever using their servive.I think they bought or transfered a debt i disputed from BT CELLNET and added a load of costs on to it.

mobertol · 02-05-2012, 14:01

Quote:

Originally Posted by AccyChris

there's a old saying that goes something like
the things you own end up owning you

I have always tried to live by the following which was written by that wise man, William Shakespeare:
"Neither a borrower nor a lender be,
For loan oft loses both itself and friend..."

Debt is obviously not just a modern dilemma. Moneylenders were among the most hated people in the past, now it's the banks...things don't really change