Jump to content


  • Tweets

  • Posts

    • It is known as bodily injury and property damage liability ,your motorbike liability insurance covers the cost of liability ,claims and legal fees up to your policy are you in fault in an accident.
    • Tell the friend that the Bank may be able to sell the house, after repossession is granted and could sell it for a much reduced price. Your friend could stand to lose hundreds of thousands of pounds.   Why does your friend not borrow the money or sell goods to raise the money ? Are there goods in the house, such as furniture, that could be sold to raise money ?
    • I haven't checked with the Land Registry but assume the charge is still there.   I have no knowledge of SB rulings but read:   For most types of debt in England, Wales and Northern Ireland, the limitation period is six years. This applies to most common debt types such as credit or store cards, personal loans, gas or electric arrears, council tax arrears, benefit overpayments, payday loans, rent arrears, catalogues or overdrafts. There are some exceptions though: Mortgage shortfalls have a longer limitation period of twelve years for the money you borrowed (the ‘capital’), while the interest charged on this has a limitation period of six years
    • This situation has reared its head again Friend had such luck (through my efforts) at the start of the year to get the bank to clear the service charge debts and add them to the mortgage. Friend ended up having a slightly larger mortgage but at really low interest rate. And the freeholder got their service charge money.   But friend has had head in sand all year.  And has now failed to pay the bank one payment all year!!  It is so infuriating.    With costs, friend now owes apx £1500.   So the bank re-opened the original claim of the freeholders - which they paid off - and have now got a Judgment against friend.  With a repossession hearing in a few weeks.... The value is apx £1.5m.   The mortgage is like £100k.   (About £100/m).   Now Judgment for owing £1500 on a £1.5m property.   I have been telling friend all year to make payments.  Now friend really needs to make a payment.   Still absent overseas.   Additionally - another set of service charges are due now   I won't let these people take the property - but I don't know how to help.   I told friend to pay the mortgage and ask the bank to pay the service charges again.  And in the meantime find a better solution - such as selling an asset.  But nothing has been done at all in the last 9 months.   Any good suggestions?      
    • moved you to the bh forum plenty to read here:   like https://cse.google.com/cse?cx=partner-pub-8889411648654839:3134625398&q=brighthouse sold item&oq=brighthouse sold item&gs_l=partner-generic.3...7889.15692.0.16208.21.21.0.0.0.0.113.1591.20j1.21.0.gsnos%2Cn%3D13...0.7807j5246289j21...1.34.partner-generic..21.0.0.jn7G89f5l50
  • Our picks

Chop5t1ck

Gov't propose to prosecute on failure to repay student loans

style="text-align:center;"> Please note that this topic has not had any new posts for the last 1267 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Government will prosecute those who fail to repay their student loans on time, warns Jo Johnson

 

The Government has warned it will prosecute graduates from across the UK and overseas who fail to pay their student loans back on time as part of a new strategy.

 

In a statement from Minister for Universities Jo Johnson to the House of Commons, the politician said the new plans were needed to ensure the repayment system remains “fair, robust, and efficient” as the higher education system sees more people gain entry than ever before, due to a cap-lift on numbers.

 

New plans come into place as the higher education system looks set to take on more students than ever before

 

http://www.independent.co.uk/student/news/government-will-prosecute-those-who-fail-to-repay-their-student-loans-on-time-warns-jo-johnson-a6869221.html

 

Sign this petition to ask the UK Government not to make student debt a criminal offense

 

https://petition.parliament.uk/petitions/121888

 

Its all over the news papers/websites, not law yet but in legislation stage - partner countries (EU and AU) supply tax details and then UK prosecutes... don't ask me how

 

The US have been sending in armed (police) thugs to get debtors to sign repayment plans

Share this post


Link to post
Share on other sites

thread tidied

links inserted


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

Share this post


Link to post
Share on other sites

If you enter into an agreement you shoukd keep to the terms, but this applies to government as well.

 

Not sure it should be a criminal offence, but I guess they are looking at how they have dealt with this in New Zealand. By making it criminal, they can stop you at UK borders, so those worried about it affecting travel, will decide to come to an arrangement. Also easier to pursue it as a criminal matter abroad.

 

On a political note, why have the electorate not considered that one party is more likely to increase various fees and taxes than another. Labour introduced student fees, but it was the Tories under the coalition that trebled most fees to £9k a year. Now they are making student nurses take out more loans etc. If there is a choice to be made, i would rather they made education and apprenticeships a priority for taxpayer help, rather than some of the other decisions made based on likelyhood to vote. The Tories have a habit of penalising younger people who are less likely to vote for them. They forget that it is those younger who pay the future pensions of their parents, grandparents. Stitching them up with education loans, while they have impossible spending demands to rent or buy a home, is very short sighted.


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

It is very shortsighted to saddle those leaving University with huge debt and then make it a criminal offence if they have problems repaying it ?


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Share this post


Link to post
Share on other sites

http://www.dailymail.co.uk/news/article-3436477/Lock-prisoners-just-weekend.html

 

Presumably this is why he plans on making so many prison reforms to free up space to put those who are unable to repay "tax payer" debt for one reason or another !!


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Share this post


Link to post
Share on other sites

They are nasty enough to make it retrospective to revive all the written off loans. But really willthis mean that deferment will be removedin practice.


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHER

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

 

The bailiff: A 12th Century solution re-branded as Enforcement Agents for the 21st Century to seize and sell debtors goods as before Oh so Dickensian!

Share this post


Link to post
Share on other sites

Ok Some figures!

There are approximately 2 million students currently at UK Universities (figures from HESA).

 

 

If you assume that 10% are not from the UK, and 1/3 graduate every year that give you a rough number of 600,000 graduates every year.

 

 

By their own estimates 45% do not repay their loans so we get 270,000 students who will not repay their loans every year

 

 

The current prison population is about 80,000 (home office figures).

 

 

So where are they going to find room to accommodate the 270,000 graduates - remember this is an on going number so after 1 year there will be 270,000 graduates, after 2 years 540,000 graduates.

 

 

The other problem with this is that generally if you have a criminal record it is quite difficult to get other than a low paid or menial job.

 

 

So the whole idea of criminalising those who do not repay their loans is completely unworkable.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...