R420:
Dipper_Dave:
In other words you don’t know, present an argument or shut up it’s quite simple.
Educate yourself via any of the internet search engines why debt cannot simply “be deleted”. The fact that you believe this can be done I’m afraid shows your complete lack of understanding in how the monetary system and financial markets work so trying to explain it to you would be a fruitless exercise and complete waste of my valuable time.
Mods: You might want to sticky this to the top, as I sincerely mean this as “debt relief advice”, having gone through the painless path of Citizen’s Advice Debt Relief" myself a couple of decades ago.
Debt is “Liquidated” to be fair, but all too often is not as an ongoing fraudulent method of obtaining further monies by deception from hapless debtors who don’t know when they’ve already won…
The Fraud takes place when a creditor claims back a “written off debt” as a tax deduction, but merely passed that debt as “still collectable” to a debt collection agency, where they will try and pursue the forelorn hope that some mug that originally defaulted said debt - might yet re-activate it for another six years (unsecured) or twelve years (secured) by the payment of a single pound and/or simply acknowleding that debt…
Since the original lender has already claimed the tax back from it - what are they doing still trying to claim it again by proxy? - via a wholly-owned so-called Debt Collector? The taxman has already compensated them for the total loss of the outstanding balance owing on that debt. Was it written off - or wasn’t it?
…That’s trying to get re-paid for the same original outstanding sum multiple times - which then when you look at the whole thing from a distance makes it obvious that the very notion of “debt” and “interest” is all in the mind!! It has become a Faith Tenet of Atheism you might say… How else does one explain that there are people that will murder/suicide their families over owed money coupled with a recent loss of livlihood?
Can you imagine a person of REAL faith wiping out their entire family over “not having enough numbered bits of paper” and being pressed (in their minds…) for repayment in same?
When a debt gets defaulted by the debtor ceasing their payments, the debt should only be pursued via the courts, and if not recovered at that point - written off entirely, claimed back as a tax hit, and then liquidated.
The system has a log-jam in it: The systemic “Moral Hazard” Fraud actually perpetuated by financial lenders attempting to multi-claim ALL outstanding debts via Interest, Charges, Arrangement Fees, PPI, and tax-claimed amounts no longer legally claimable, due to the Statute of Limitations.
If anyone tells you to “Get out of debt by paying it off after it’s already been written off” - then they are a fraud, and part of the problem, instead of the solution.
That was where “IVAs” and “Bankruptcy Consultants” ended up, of course…
Only the Citizen’s Advice Bureau will tell you “If you’re skint, stop paying - and walk away”. Get the debt liquidated and written off properly whilst you remain skint, and once it is gone, like Trump’s 10 bankruptcies - they can never make a claim on any future wealth you come into again." If you don’t learn how to do this - you’ll NEVER obtain and retain serious wealth - anywhere in the world.