Old Project Avalon Forum (ARCHIVE) - View Single Post - Clear Your Debts 70% of Credit Agreements Are Unenforcable Therefore NON repayable.

Average Joe · 11-05-2008, 10:21 PM

I do not agree with trying to cheat your way out of debt..

You borrow money, you know the terms of repayment, you pay it back.

Obviously people can get into difficulties due to changes in income etc, and have to sometimes go bankrupt, or renegotiate their debt, and that is the risk the lenders take.

But I find the idea of for arguments sake, trying to get a £10,000 car loan written off because somebody didn't dot an i or cross a t, absolutely morally repulsive. YOU KNOW you borrowed that money and are trying to cheat your way out of it.

The main reason we have the credit crisis, is a) banks lending to much money, and b) people not paying back because they can't afford it or are trying to dodge out of it.

Some will say "serves the banks right" and maybe so, but doing this makes you no better than them.

I thought the people on this forum would have morals and standards and and understanding of what is right and what is wrong considering all the love, light and peace flying around.

I completely agree with baggywrinkle.

11-05-2008, 10:21 PM	#38
Average Joe Avalon Senior Member Join Date: Sep 2008 Location: UK Posts: 377	Re: Clear Your Debts 70% of Credit Agreements Are Unenforcable Therefore NON repayabl I do not agree with trying to cheat your way out of debt.. You borrow money, you know the terms of repayment, you pay it back. Obviously people can get into difficulties due to changes in income etc, and have to sometimes go bankrupt, or renegotiate their debt, and that is the risk the lenders take. But I find the idea of for arguments sake, trying to get a £10,000 car loan written off because somebody didn't dot an i or cross a t, absolutely morally repulsive. YOU KNOW you borrowed that money and are trying to cheat your way out of it. The main reason we have the credit crisis, is a) banks lending to much money, and b) people not paying back because they can't afford it or are trying to dodge out of it. Some will say "serves the banks right" and maybe so, but doing this makes you no better than them. I thought the people on this forum would have morals and standards and and understanding of what is right and what is wrong considering all the love, light and peace flying around. I completely agree with baggywrinkle.