So you make the assumption this person was leant the money incorrectly and the lender is just bad - solid not. You then go on to make assumptions on my skill sets about helping people in financial difficulties because I recomend resolving the issue rather than trying to avoid or hide from it - again solid not. You also state CAB only make payment arrangements and do not give advice on legality of a debt also not correct. Lot of statements from yourself just not adding up here mate. I could easily tell the person in question how to 'get out of paying this debt' but then he has not once stated he cannot afford to pay it. I have helped thousands of people resolve their financial problems and i have always done it honestly and ethically. It appears to me all you want to do is find loopholes in the regulations to avoid paying what was borrowed. That makes you as bad as the unethical lenders that have been allowed to operate in our country........... The individual borrowed a relatively small amount of money - what was the payback on the original loan ? Did he pay any of this back ? What did he do when he could not pay this back ? I don't see you asking any of these questions or looking at the complete story here ? All I see is someone casting up and offering no solutions. If you will not take my advice of speaking to the charitable organisations that are out there to help you that are free - ie CAB, Stepchange, National Debt line, and just post on here to find ways out of debt by circumventing the rules to suit yourself then you are no better than the people you are complaining about. Burying your head in the sand hoping it will go away is the worst thing you can do. Posting on here trying to find ways out of an obligation without trying to make any form of arrangement subject to your circumstances or utilising the free organisations I have posted above is the second. Good luck in your endeavours and I hope you get the matter resolved.

I gave advice - very simple and honest advice - Speak to them and come to a fair arrangement that is affordable. That is the BEST advice rather than just ignoring them and looking for loop holes to get out of a debt. As for the moral judgment it is a simple case of doing the right thing. How can you post on here for help when you are openly admitting you are making no effort what so ever to resolve the issue but instead looking for ways 'around it'........... Take the advice as it was genuinely intended - Speak to CAB get them involved and attempt to come to a fair arrangement. Ignoring them when you know you borrowed the money makes this whole thread hypocritical and devalues other peoples posts on here. This site is to help people in genuine need - It should not be used to find ways out of things because you do not want to pay something back not because you can't but because you choose not to.

Just so you know this is 100% genuine I am actually looking for work as I got made redundant 5 weeks ago. I was doing research on the company you have had issues with and spotted this thread. Don't get me wrong what they have done is far from ideal and in turn reading this will ensure I will not be applying for any positions there. However, I do know what I am talking about and if you seriously want to resolve this issue rather than ignoring it hoping it will just go away - Make them a 'fair offer' that you can afford then your whole thread has the moral high ground and the legal one as well, as you have attempted to come to an arrangement that you can afford. Speak to CAB they are free and verify what I am saying. Your whole thread will then have meaning and importantly you would have done the right thing ! If they behave inappropriately during this process then you throw the book at them simple as that and you can then turn to this site for all the help you can get with a clear conscious..........

That old chestnut uh - It wasn't my fault I was lent the money and spent it - It is the leaders fault for being stupid enough to lend to me ? Nice to see so much morality kicking around on here. The moral judgement is 100% the issue here. If you are lent in good faith you should pay back accordingly unless your circumstances have changed and then each case should be treated accordingly - with due empathy and consideration. What you are almost advocating here is borrowing money and deliberately not paying it back and trying to get away with it - How is that justifiable ? As for 2012 I don't get your point - The debt is still enforceable if the individual did borrow the money which is now very clearly the case. People post on here for help and support when things are tough and it is great to see people trying to help. However, posting about bad practices when you yourself are demonstrating such practices sounds a tad pot kettle black............

'nope. We'll let the site team decide. They are more knowledgeable' Firstly they are not more knowledgeable I have been in the industry for over 20 years so I do know what I am talking about. Secondly, your response says it all. You are not prepared to take any ownership so you clearly fall into the 'won't pay' bracket and although I do not agree with the company's practices I cannot have sympathy for someone that was learnt money in good faith and will make no effort to pay it back. You are not practicing what you are trying to preach on here about what is right and what is wrong so you devalue your whole thread. Good luck in your endeavors I only hope you are not at the receiving end of someone not paying you back when you help them out........... Regards 'HonestAdvice'

Not suspicious just honest. I was reading up on the company to get some information on their practices and how the operate and saw your post. Based on what I read I felt compelled to sign up and post my message to you. take the advice as it is genuinely meant. If you borrow such a small amount I agree the balloon interest and its final balance is crazy - make them an offer of paying back the original loan + the interest that was due+ small admin fee for their efforts and you can then have peace of mind you have made a genuine attempt to resolve the matter and have behaved in the manner you are expecting them to adhere to......... It goes both ways

I am sorry you are going through a difficult time however the more I read of your post the more I saw an underlining theme. The quote above summaries this up. Firstly answer this question honestly - Did you borrow money and not pay back what you should of ? If the answer is no you did not borrow any money and are not liable for the debt you should be escalating this to the Ombudsman and taking very strong action. However, if you did borrow money and for what ever reason could not pay it back you should look to negotiate an amicable settlement on the debt. In my long years of working in the finance industry when it comes to debt, customers invariably fall into 2 main category's - 'Can't pay - or 'Won't pay'. If you cannot pay then a full financial review needs to be done to assess the best course of action to help you. If on the other hand as your above quote states and the whole tone of your thread imitates you fall into the 'Won't pay' category why are you posting on here about being unfairly treated and harassed when you are evidently making zero attempt to resolve the issue? I agree all company's should operate honestly and ethically but you cannot post issues like this when you potentially are not behaving in the same manner. this comes back to the original statement - If you borrowed the money contact the debtor, do a financial review, and come up with an agreeable arrangement to resolve the matter. Ignoring the debt and your legal obligation to pay back what you borrowed makes you as bad as the people that are chasing you......... Honesty and integrity goes both ways. You cannot expect to ignore a debt, raise complaints and hide behind legislation in the hope it will just go away. Be pro-active to resolve the issue and ensure you utilize great organisations like CAB if you are unsure how to do this. Regards 'HonestAdvice'