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    • I left Dubai 8 years ago and intended to return. However a job prospect fell through. I’d been there for 15 years. Anyway I decided to pay my credit card and the bank had frozen my account. There is no means to pay the CC so completely unable to pay when I wanted to other than the bank advising me to ask a friend in the UAE to pay it on my behalf!  fast forward bank informs there is a police case against me for non payment. Years later IDR chased me and after months/ years they stopped. Now Judge & Priestley are trying their luck. Now I have received an email in English and Arabic from JP saying the bank has authorised them to collect debts. Is this the same as IDR although I didn’t receive anything like this from them. Just says they are authorised?
    • The neighbour's house is built right on the boundary so the side of their house is effectively the 'wall' in our garden separating the two properties. It's a three storey house and so the mortar poses a potential danger to us. Because of the danger, we have put up an interior fence in our garden to ensure we don't risk mortar dropping on us. That reduces the garden by 25% which is not only an inconvenience, but it's the part of the garden where we had lined up contractors to install a patio and gazebo which we will use for our wedding reception in less than 2 months. We have spoken to the neighbour's caretaker who is on the case, has spoken with a roofer and possibly a scaffolding company, but there are several issues. They don't seem to understand the urgency. As long as there is a risk of falling mortar, we can't carry out any work in the garden, and unless they hurry up, we're looking at cancelling our wedding as it's not viable to book a venue because we can't use our own garden! Also, they want to put the scaffolding up in our garden which would be ok with us if it was a matter of a few days and they hurried up, but there is a tree (most likely protected by the conservation area), so most likely they can only reach part of the roof with the scaffolding if they put it up in our garden. We suggested a roofer with a cherry picker but they seem to want to use a company they've used before. Any and all comments, suggestions, advice is more than welcome.  PS. does it make any difference that the neighbour is a business (ltd) and not a private dwelling?
    • No apology needed, thank you for what you do I am glad to hear they paid. well done on getting back what is yours
    • Apologies all for the late reply and info, i have been away with the Army. They have paid I accepted the offer on the 5th of May, and they paid on the 17th of May.
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Credit file wiped after 6 years?


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Are credit files wiped clean after 6 years?

I believe I may have an outstanding debt with a mobile phone company but haven't received any letters from them and I have moved address, I haven't checked my credit file either.

 

If debt is wiped after 6 years, then isn't it possible to just take a loan and never pay it back?

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Are credit files wiped clean after 6 years?

I believe I may have an outstanding debt with a mobile phone company but haven't received any letters from them and I have moved address, I haven't checked my credit file either.

 

If debt is wiped after 6 years, then isn't it possible to just take a loan and never pay it back?

 

If you want another 6 years of stress, hell and hassle that in no way compensates for the loan you have taken, then yes. However, as you have stated these intentions, it would be a criminal act. I wouldn't recommend such actions for both of these reasons. I wouldn't dream of getting credit I couldn't afford to pay back on time, let alone intend not to pay back, for any reason. Don't do it.

What sort of world do you want your kids to grow up in?

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If you want another 6 years of stress, hell and hassle that in no way compensates for the loan you have taken, then yes. However, as you have stated these intentions, it would be a criminal act. I wouldn't recommend such actions for both of these reasons. I wouldn't dream of getting credit I couldn't afford to pay back on time, let alone intend not to pay back, for any reason. Don't do it.

 

I'm just saying that a lot of people do it and then skip the country.

I didn't state anything above :D

I have no need for aloan anyway, it was an interesting argument I was discussing yesterday.

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If a debt has not been acknowleged for 6 years then it becomes statute barred. Debts do not show up on credit checks after 6 years. So in theory yes you can take out a loan and then scarper.

 

Be warned however: If you apply for a job in finance or something that requires you to have a credit check older debts can show as a few caggers on here have found.

 

Can I just add that cag does not condone or entice debt avoidence.

I know your question was theoretical:)

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If a debt has not been acknowleged for 6 years then it becomes statute barred. Debts do not show up on credit checks after 6 years. So in theory yes you can take out a loan and then scarper.

 

Be warned however: If you apply for a job in finance or something that requires you to have a credit check older debts can show as a few caggers on here have found.

 

Can I just add that cag does not condone or entice debt avoidence.

 

I know your question was theoretical:)

 

Something must be wrong in the credit file system though if it's supposed to be clean after 6 years yet old debts/CCJs are showing up?

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I did not know anything showed up after 6 years but apparently it can when you apply for a job in banking, finance.

 

Don't ask me how cos I don't know.

 

It is that some caggers have posted on here that they couldn't get a job because of old defaults etc 10 years ago.

 

It must be similar to a criminal record. When an employer does a CRB check it shows up X amount of years but an enhanced CRB check shows a longer period.

 

It's all very confusing:confused:

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If you want another 6 years of stress, hell and hassle that in no way compensates for the loan you have taken, then yes. However, as you have stated these intentions, it would be a criminal act. I wouldn't recommend such actions for both of these reasons. I wouldn't dream of getting credit I couldn't afford to pay back on time, let alone intend not to pay back, for any reason. Don't do it.

 

On a philosophical note, it is ironic that the banks charging you for the service of loans are actually lending out money created electronically that they don't have something a lot of people don't consider. It is one of the best legal scams I have ever heard of :)

This is a US example but the same applies for UK banks...

http://moneyterms.co.uk/reserve-requirement/

 

Anyway, thanks for feedback.

Edited by qwertyjjj
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On a philosophical note, it is ironic that the banks charging you for the service of loans are actually lending out money created electronically that they don't have something a lot of people don't consider. It is one of the best legal scams I have ever heard of :)

This is a US example but the same applies for UK banks...

Reserve requirement

 

Anyway, thanks for feedback.

 

The biggest [problem] is Central Banks being private. :wink:

What sort of world do you want your kids to grow up in?

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Hello renegotiation!

 

Absolutely.

 

It's a great shame that few people even know what a Central Bank is.

 

It's a complete tragedy that fewer still appreciate how utterly rotten and evil they really are.

 

Cheers,

BRW

 

Don't give up mate, as the awakening is growing. Albeit slowly...

What sort of world do you want your kids to grow up in?

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Hello renegotiation!

 

Don't give up mate, as the awakening is growing. Albeit slowly...
Too slowly, sadly!

 

Those who are aware must work even harder to open more eyes to the issue.

 

Now is the time! Never have so many been so fed up with bankers...and yet while we all suffer, they are back to making obscene profits again, and are licking their chubby lips at the prospect of Hoovering up all the assets (at bargain prices) of those who will go bust and/or who will lose their homes in this latest engineered downturn.

 

The worst of this has yet to start...2010 looks set to be a bumper year for the banks. They are awash with number-money, they have a big rubber stamp from the Judiciary, they have Political backing from their mates in Government and the Consumer Credit Act has been de-fanged and emasculated.

 

The banking Asset-Grab Gold Rush will get going soon, and they won't stop until they have gorged themselves on peoples' misery.

 

Cheers,

BRW

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