Is it fair for people to run up massive debts then have them written off in what seems a simple and painless way? What about all the people who save and live within their means - what do they get except for higher bank charges as the banks and credit companies try to claw back their losses on the defaulters?
2007-03-21 04:54:49 · 5 answers · asked by Phil H 2 in Business & Finance ➔ Personal Finance
lets see - 6 years of someone telling you how much of your wage packet you can spend - destroyed credit history - not able to be charity trustee, director etc all the bankruptcy restrictions.
explain how that is an easy way out again
the TV adverts selling it as an easy way out ourght to be done under trades disription laws.
2007-03-21 06:32:33 · answer #1 · answered by alatoruk 5 · 0⤊ 0⤋
these are selfish ignorant people, who don't give a damn about the other people who have to foot their bill, if you cant pay the money back, don't borrow the money in the first place, I think it is made too easy for them, there was a time not so long ago when these people would have gone to prison, maybe that would make them think twice about spending some one else's money.
2007-03-21 12:13:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can't blame people who are in financial debt for higher bank charges.
2007-03-21 12:00:48 · answer #3 · answered by Pearl 5 · 0⤊ 0⤋
think hard about it talk to the cccs,or fsa.org. as bankruptcy could be an alternative to an iva
2007-03-21 18:59:30 · answer #4 · answered by TS100N 6 · 0⤊ 0⤋
Yeah, well if it looks like you are going to go under, make sure you take them for the maximum you can :-)
2007-03-21 11:59:33 · answer #5 · answered by Steve B 7 · 0⤊ 0⤋