Ayayay, debt recovery- you poor man.As of yet I've never been involved in it, although the salary for a DR agent is about £5 grand above mine, it seems. At least.
Sorry to hear of your woes, chap.
(Sorry to hear of your woes, chap.
Captain Wow currently being a cunt in Infamous,
Mon 8 Dec 2008, 10:44,
archived)
It's frightening. We're going back to '96/'97 here.worst case scenario dealt with:
Women had catalogues - lots of them - all owned by Gt. Universal (Kays, GU, etc etc)
total credit allowance - £65,000.
She had run up the ENTIRE allowance after building up that credit over 20+ years in a little over 3 months, then didn't pay. It got aound to us, and me specifically.
"But I can't afford to pay all that per week" she wailed.
"What CAN you realistically afford"? I reply.
"£5 a week, no more" - and at the time, we were legally obliged to accept that. She knew it, and we knew it, and it was left at that...
It's no f*ckin wonder the country has ended up in the state it is.
(Women had catalogues - lots of them - all owned by Gt. Universal (Kays, GU, etc etc)
total credit allowance - £65,000.
She had run up the ENTIRE allowance after building up that credit over 20+ years in a little over 3 months, then didn't pay. It got aound to us, and me specifically.
"But I can't afford to pay all that per week" she wailed.
"What CAN you realistically afford"? I reply.
"£5 a week, no more" - and at the time, we were legally obliged to accept that. She knew it, and we knew it, and it was left at that...
It's no f*ckin wonder the country has ended up in the state it is.
The Great Architect is still waiting for his account to be deleted on,
Mon 8 Dec 2008, 10:48,
archived)
I'm not sure if the law has changed now, I hope to god it has,but at the time, the minimum repayment we could accept, which covered ANY debt, was £5 per week.
The interest on that amount alone meant she'd never pay it off, and probably end up with double the debt by the time she died.
(The interest on that amount alone meant she'd never pay it off, and probably end up with double the debt by the time she died.
The Great Architect is still waiting for his account to be deleted on,
Mon 8 Dec 2008, 10:52,
archived)
Arg....and I thought I was bad for having spent a total of £452 on my credit card.
( Captain Wow currently being a cunt in Infamous,
Mon 8 Dec 2008, 10:52,
archived)
hehthe first credit card I had, I spent like crazy on it, 2 grand in about 3 weeks
took me four years to pay it off
good way of being taught not to get into debt
(took me four years to pay it off
good way of being taught not to get into debt
Mighty Nibus who dares gins | @nibus,
Mon 8 Dec 2008, 10:57,
archived)
I've decided mortgage doesn't count as debtso I'm still doing alright.... :D
( Captain Wow currently being a cunt in Infamous,
Mon 8 Dec 2008, 10:58,
archived)
hahah yeahmine's gone right down though, so I'm happy
( Mighty Nibus who dares gins | @nibus,
Mon 8 Dec 2008, 11:01,
archived)
Cunt!I just signed up for another 2 years fixed rate about a month ago :(
But yeah, I agree with Cpt. W - the mortgage is the only debt that I ever want to have...
(But yeah, I agree with Cpt. W - the mortgage is the only debt that I ever want to have...
Barbarossa is not my real name,
Mon 8 Dec 2008, 11:08,
archived)