garystu1965
Active Member
"New government legislation means we can write off 75% of your debt".
So does this mean that people who live on the "never never" and have no way of paying off what they owe can get off scott free ?
I like to think I've done quite well with saving up, getting a bit of equity in my house, company shares, no credit card debts etc.
Yet really what I should have done is get a load of credit cards, buy things I can't afford and then go to a debt managment company to pay off 3p in the pound or whatever it is.
..and I bet I am paying for their debt in some indirect sort of way.
Somebody tell me these bad debtors are penalised in some other ways.
So does this mean that people who live on the "never never" and have no way of paying off what they owe can get off scott free ?
I like to think I've done quite well with saving up, getting a bit of equity in my house, company shares, no credit card debts etc.
Yet really what I should have done is get a load of credit cards, buy things I can't afford and then go to a debt managment company to pay off 3p in the pound or whatever it is.
..and I bet I am paying for their debt in some indirect sort of way.
Somebody tell me these bad debtors are penalised in some other ways.