Agree in the scheme of things £15k isn't a lot but multiply that by the thousands of people abusing the system and it soon adds up to £millions. The girl I knew only earned minimum wage so £15k was about 12-15 months wages. If you borrowed your annual salary with no intention of ever paying it back it is theft, pure and simple. Pales into almost insignificance compared to how much the banks lost though. Don't forget the ocean is only there because of the amount of drops in it. <philosophicalchinscratchsmiley>
Sam - it's true ! ...... and so is your conclusion. Always look on the bright side ! Don't worry there'll be plenty of people who will ' qualify .'
EASY - if you have a car worth over 300, then just put it into someone elses name and 'claim' you used whatever funds you sold it for for your lifestyle and/ or debts. THE SYSTEM IS A BITCH, SHE HAS BEEN GETTING ****ED AND RIGHT NOW SHE HAS THE CLAP, GONORREA( SPELLING? ), AIDS, HERPES...
the banks already forecast the losses and build that into there fee structures. i agree its been far too easy for every daft **** to get too much credit. we now have a system where the banks do not want you to pay the debt back, the simply want you to service the debt. much more money this way. previously i would have thought it was an outrage that people could do this, however, after the way the ****ing banks had to be bailed out so they could continue to give out the big bonuses they can **** right off and I hope many many more people use DRO's
