The morals & ethics of being in debt

[coledog]

I did report 'theghost' to the site team when they started re-posting, they are a newer type of troll. This thread has only shown that CAGGERS are willing to take responsibility for their own debt and deal with it in their own way, not leave it to the DCAs etc.

 

In theghost's world people like me who help out on this site and don't expect anything back (other than a few tips of the scales) are not clued up and offer dubious advice and should be 'put down'.

 

I would like to ask theghost how many defences they have written at the 11th hour and had the originial claim thrown out of court, or had the defendant into mediation where the company did not want to discuss their ultra high interest rate, default fees, default daily interest charges of 50% or more and how many of his defences have made the claimant discontinue.

 

I would also like to ask why they are frequenting this forum when clearly its ideaology is against their own moral/ethic code? It is a bit like somebody not into porn going onto porn sites and complaining about the content of the files.

 

 

Very well put SG - totally agree! For some reason, I cannot click your star as I have given you too many points already!

[coledog]

I will add that most people chased by a DCA will try to be moral and mindlessly pay them, even if they cannot afford their ridiculous demands and are pressurised into doing this to the detriment of more important commitments We have lots of people on CAG who have been making regular payments and are still being put under pressure every few months to increase the amount, this is often when they crack and ask for help.

 

The debt sale business is corrupt IMO. Creditors sell debts for pennies in the pound and get the rest written off. The debt buyer then maximises their profit by threats and demands for extra interest. If they cannot get their money they will go for Charging Orders on homes. The court system is a lottery IMO and it is difficult for the 'defendant' to get proper representation. There will always be well off people who can pay for help to avoid commitments they could probably meet but for the majority, they need the help and support of CAG and others.

 

AND don't get me started on Payday loan companies!!

 

Rant Over!