Consumer Action Group envelope labels
You are part of a community of over 195,000 people. Let your bank know that you won't give in. Display one of our labels on your envelopes. Full description here
Sheet of 20 self-adhesive envelope labels £3.50 inc p&p
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Reclaim the Right Ltd. - reg.05783665 in the UK
reg. office:- 923 Finchley Road
London
NW11 7PE
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Do not post or start claiming until you have read the entire FAQ section and step by step guides and you have a good basic idea of what to do and of the layout of the forum.
Good luck claiming your bank charges. We strongly suggest that you register under a UserID and not your own name |  | |
17th May 2008, 16:17
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#1 (permalink)
| | Platinum Account Customer | Mildly interesting article.... ...which I'm not sure if I'm allowed to post a link to but, here it is. Will the debt collector call?Â*-Â*Dealing with debt on MSN Money UK
My apologies if it's already here somewhere, but I couldn't see it.
How about.. "We want to see all lenders doing everything in their power to avoid things getting to this stage. This means treating borrowers in arrears fairly and sympathetically, and being willing to negotiate with borrowers in trouble," she added.
Hmm. More chance of getting peed on by the Pope, missus. "So far from being sympathetic to the plight of those struggling, perhaps it's in the banks' collective interest to assist those they once funded back in the black - it may be the only way they can get their money back."
Banks dump the debts and arrears on DCA's who's aggressive, disrespectful, and often downright unlawful approach to collections alienates former customers who then find a way to fight back.
What do they expect???
Poor banks. What a shame. My heart bleeds for them, and the vermin they employ to bully.
That's my daily whinge. 
Last edited by dannyboy660; 17th May 2008 at 16:22.
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18th May 2008, 11:23
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#4 (permalink)
| | Platinum Account Customer
I am in: Somewhere in UK where it rains all the time
Posts: 2,828
| Re: Mildly interesting article.... A lot of people are in denial/not accepting their situation is untenable, sooner or later they have to accept that outgoings exceed incomings.
Thats when they have no choice but to default on loans/cards etc, as happened to me.
I think far more people will be going down this road soon given the worsening economic climate |
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20th May 2008, 13:44
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#6 (permalink)
| | Platinum Account Customer | Re: Mildly interesting article.... ..and today some good news. It seems NCO have suffered some eye wateringly enormous losses. InsideARM: NCO Group Reports First Quarter Loss on Acquisition Expenses at least in some areas. Nicely glossed over though, I must say. Full marks to their auditors and accountants no doubt.
Before you say anything, I do realise that's in US, but collections just get tougher and tougher as people concentrate on the priority debt.
I think we'll soon be able to 'run a book' on which of our favourite UK DCA's will be first to go down the tubes, when they can't get funding to buy more bad debt.
Still, it's nice to know it's not all good news for the vultures in these difficult times Mr Brown and Mr King are promising. |
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25th May 2008, 15:23
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#8 (permalink)
| | Platinum Account Customer
I am in: Lovely Dorset
Posts: 6,759
| Re: Mildly interesting article.... Wonder who got the nasty phone calls  'im or 'er
Did anyone else note that Tone managed to obtain a 200% mortgage
apparently it's being suggested the extra was to fund additional property purchases which if true might be unlawful or even illegal
One things for sure it wasn't very prudent for the bank who loaned the money. In a rising market giving 125% of value is one thing but 200% borders on the incompetent. Wonder what the lenders shareholders or savers think of that
Last edited by JonCris; 25th May 2008 at 15:28.
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25th May 2008, 16:14
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#9 (permalink)
| | Platinum Account Customer
I am in: Wales
Posts: 4,912
| Re: Mildly interesting article.... That's politicians for you
IMO anyone who wants to be one, should NEVER be allowed  |
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25th May 2008, 16:46
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#10 (permalink)
| | Platinum Account Customer
I am in: Lovely Dorset
Posts: 6,759
| Re: Mildly interesting article.... Yeah but you have to remember that it's an interest only mortgage & your paying for it while the extra money he got may have gone to pay outright for additional property which he will now own. free gratis all at the expense of the taxpayer |
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26th May 2008, 02:10
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#12 (permalink)
| | Platinum Account Customer
I am in: Lovely Dorset
Posts: 6,759
| Re: Mildly interesting article.... Don't you get it............... he never paid for anything we did  |
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2nd June 2008, 07:10
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#13 (permalink)
| | Platinum Account Customer | Re: Mildly interesting article.... I know many of you will have already seen this, but here's a link Credit Today online which might bring a few smiles to those who follow the (mis)fortunes of our favourite DCA's.
Seems they're finding it a bit tough at the moment, and some may not even survive. Diddums. |
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2nd June 2008, 07:59
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#15 (permalink)
| | Platinum Account Customer | Re: Mildly interesting article.... Quote:
Originally Posted by lookinforinfo The lucky customers will be the ones who find
forums like ours to counteract the worst excesses of those DCAs. The old and vulnerable with no access to the internet will be at the mercy of those
companies who do not know what mercy is. | I hadn't really thought about it like that, but you're absolutely right.  |
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2nd June 2008, 11:53
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#16 (permalink)
| | Platinum Account Customer
I am in: Wales
Posts: 4,912
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