steandleigh

Don't you believe it.

I borrowed 700 pounds from the student loan company in the UK in 1993 when I went to Uni (you were only allowed that amount at the time) then dropped out of Uni (long story) and didn't repay (for a while).

Letters were sent to my home address (where my parents lived) and to every house on the road, in order to find my whereabouts. When that failed to recover me, the debt was sent to debt collectors and when they had no joy it went to court and I got a CCJ against my name.

I was very stupid, buried my head in the sand (because I could not repay the debt at the time) and paid the price.

Am now CCJ free and took a long hard while to rebuild my credit rating. I have done so by borrowing and repaying every month, on time, without fail.m Paid all our debts up before we left for OZ, I have a clear concience and no debts (bar a mortgage).

Your bank manager friend is an idiot.

(See, I told you I wasn't perfect)

Davey

Yes they can trace you - i know of someone who defaulted on a mortgage - handed the keys back to the building society, even though they reached an agreement with the building society and some 10 -12 years later recieved a letter in Aus asking questions after they had registered with Telstra or something along those lines...

So beware they may/will come back and haunt you when you least expect it.

Sir Les Patterson

at the end of the day our opinions aren't worth shit if someone has made up their minds not to pay they won't ....... i said personally i wouldn't but have made the choice to pay off all my debts.... which to be honest me and claire have nearly paid off everyone we owed all we have is the mortgage car and a loan now which will be paid off when we sell our house as it has tripled in price in the last 2 years

bridiej

gobbyjock

True - but we are still entitled to those opinions - just as people are entitled to disagree with them.

Sir Les Patterson

cheeky lol

kev235

Hi, I have read threads on this subject before, and although very heartening that there are so many "honest" people out there, it is also sickening to read threads with such high and mighty views, surely you can not all be perfect ! Many people through inexperience and unforeseen circumstances find they fall in to debt, on the same token some borrowers simply are just stupid. Why can we not all look at the larger picture and just accept that sometimes when an opportunity arises to get out of a sticky patch most/some of us would consider it, and I am not referring to anything that suggests personal harm to other individuals, more the big institutions. So rather than being very quick to view with the god like approach, why not look back during your own life's and consider at times when you have been tempted to perhaps wriggle a little in order to protect your position, has no one ever lied on a CV ? anyone tried to get out of a parking fine unjustly? how about if you find a tenner in the street, do you run with it to the police station ? Perhaps you are the one that would leave a note on a car windscreen to let the owner know you scratched it by mistake, perhaps you are not ! probably not very good examples, but hopefully you see the point.

I really do not have a view/opinion on the thread, just some of the pious replies. Anyway, feel better for that and good luck to you all

Kev

bridiej

Slight difference in finding a tenner in the street and meaningfully taking out loans for thousands of pounds that you have no intention of paying back

leedslad

[QUOTE=

Your bank manager friend is an idiot.

[/QUOTE]

He wasn't my friend he was my brothers.

steandleigh

Doesn't really matter who's friend he was, you still felt the need to quote his idiotic advice.

HUP

If you can get away with it do it?

PAss that on to ya kids

chaval

i think we should ask mugabee for his views...

Elaine M

Sorry to jump in here but I don't think the OP said anything about taking out debts with the intention of not paying them back?

I agree it's wrong to do that, but like Kev I think many people would be hard put to say they've never thought about how much easier it would be if they could wriggle out of paying something. I know I have.....

Elaine M

gobbyjock

Yes people`s circumstances can change - I`ve had it myself where I bought a flat and was made redundant 3 weeks later (the insurance didn`t kick in until it had been running 6 weeks) I ended up in debt which even after I found work I was so far behind with the mortgage payments I had to sell the flat a year later to cut my losses - the bank was certainly not sympathetic to my plight. However there is differance between someone having bad luck and actively taking out loans with a view to not paying them. Theres black, white and grey - peoples morals are their own, however if them not paying (when they have the means to) means that my own circumstances are affected the I have a right to be pissed off. The original poster was only posting a query which is fair enough, however this (as I have said) is an emotive subject and people will jump in with their thoughts.

bridiej

If someone does a runner without paying then all the customers of that bank / credit card whatever are paying a premium to cover the loss.