can i only say I have total admiration for the assistance you have given to me.
However I again ask the question if a company lends money to someone who cant possibly pay it back
Who holds them to task I can tell you that a national bank up to recently if you paid a cheque in for up to £10,ooo pounds they would allow you to draw on that account within 3 days it takes 5 a t least to clear
But that did not end up as a Fraud but into bad debt and that cost that bank millions
But my question is if the system is wrong then how do we change it,
Also in answer to your question I aM NOT PREPAIRED TO SAY
If banks are involved in irresponsible lending, the BBA and the banking ombudsman will step into investigate. But is it irresponsible lending or irresponsible borrowing? Probably a bit of both.
Last edited by MelanieGiles on Sun Jun 07, 2009 7:47 pm, edited 1 time in total.
People take out loans and may stretch the truth a little in order to get that loan.
If the bank checks the credit record and it is ok, then how do they know the borrower won't pay it back?
With cheques, banks will normally let you know when that cheque has cleared so that you can draw on it.
If you draw on it beforehand, on your own head be it. Your bank will normally tell you when the funds are available. If the money is not there, it is down to you, as a debtor, to sort out - not the bank.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If someone has a good credit rating how is the bank to know that the person won't repay it? And if someone chooses to draw on a cheque that hasn't cleared then it's their own fault if it goes wrong.
Onechance, are you saying that creditors shouldn't be able to try to get back money they have lent in good faith?
Don't get me wrong, I don't condone bullying tactics, but if I lent someone money I would want it back, and if the law of the land said I could put a charge on their property why shouldn't I do it?
Maybe this is a lesson to us all to read the small print before signing anything.
As far as I'm concerned an unsecured loan becomes secured when the creditor goes to court to ask for it to become secured. The debtor is aware of what is happening, and the creditor is only looking after their interests.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I have no idea what you are talking about in your post Onechance - can you be a little clearer in the matter you want to ask or raise, and what are you referring to when you keep talking about fees?
It's not a problem Paul - everyone is entitled to their opinion and we enjoy a good debate on here.
It's only if it gets out of hand there is a problem.
Don't worry about it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
People have different opinions on this topic, some feel Ip's get too much money out of it but at the end of the day if you're in debt and need an expert to sort you out and if your debts are secured on your house its no one else's fault but your own. No one held a gun to our head to either get in debt or to look for an iva. All experts on here Melanie, David etc give good friendly advice. Nothing more.
Last edited by wonder on Sun Jun 07, 2009 9:19 pm, edited 1 time in total.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Regarding this site and relationships which Onechance refers to over the course of time, many member's have been on here and posted thousands of times and this generates real binding friendships, being honest if I had found this site in 2005 I would not have hesitated in contacting Melanie Giles. I haven't spoken to my IP once....the team at Freeman Jones I have probably spoken to 7 times and yes i do have a good relationship with her. I dont think Melanie ever touts for or actually needs any further business from this site. But just imagine how daunting it is embarking on the IVA/DMP/Bankruptcy route, you stumble on this site and a few friendly folk say have a look at IVA.com to look at the various companies and how people have found them. Occasionally the threads get diluted with social chat which I dont really like and perhaps it would help keep the actually IVA threads "clean" and any "social" topics on the social posting board. I could talk for hours about Melanie I wish she was picking up my IP fee she so deserves it more than Freeman Jones.
Onechance discussed David Mond being professional I agree he is but I find him quite cutting and would not work well with this type of personality therefore it goes back to people posting comments so each one who looks at IVA.com can come to there own decision. xx God I ramble so sorry xx Karen
On the slow safe road to success. Personal thanks to Melanie Giles Kallis Skippy Elv5 and all the other wonderful forum friends.
