Shocking

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stoneyB

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Post by stoneyB » Fri Dec 19, 2008 11:51 am
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Until I decided to go for an IVA I had always managed to pay the minimum on my cards. Now statements are coming through without a payment the fees and rises in interest rates are truly shocking. Is it pure greed,kicking someone when they are down or do they want people drown in their debt quickly so so as to identify people in trouble early, IVA or bankrupt them and get the bad debt out of the system? If it is the latter then they only had to ask!
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MelanieGiles

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Post by MelanieGiles » Fri Dec 19, 2008 12:41 pm
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It is certainly suprising when you work out the cost of borrowings these days and see it in black and white.
Regards, Melanie Giles, Insolvency Practitioner
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siorghra

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Post by siorghra » Sat Dec 20, 2008 1:38 am
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Yeah its' certainly an eye opener. I didin't touch my credit cards for 3 months and had well over £1000 added on in interest and fees. Even my bank account had a couple of hundred pounds added on. It was £5 overlimit last time I used it and now sits at £192 overdrawn.

The cards are definitely the worst though. Hindsight is a wonderful thing.....
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David Mond

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Post by David Mond » Sun Dec 21, 2008 5:13 pm
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Moral is don't borrow unless you have the ability to re-pay within a reasonable time frame. Why not use a pre-paid debit card that only has minimum costs especially those with a bill payment feature.

deleted the link, no advertising allowed.
Last edited by David Mond on Sun Dec 21, 2008 5:14 pm, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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David Mond

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Post by David Mond » Sun Dec 21, 2008 5:17 pm
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Well it is a recommendation and what is the difference in recommending an IP or Mortgage Broker?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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Viki.W

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Post by Viki.W » Sun Dec 21, 2008 5:19 pm
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You can't advertise your own services or products on here David.
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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David Mond

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Post by David Mond » Sun Dec 21, 2008 5:20 pm
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Sorryyyyyyyyyyyyyyyy

x
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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Viki.W

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Post by Viki.W » Sun Dec 21, 2008 5:25 pm
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[:X]
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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