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Originally posted by spookfish
reply to post by girdermonkey84
I was once a banker!! I had to get out though 20 years back. So I have some inside knowledge. I hope you find this useful.
never have a credit card with the same bank as you normal current account. If you default on the credit card the bank has the write to clear your credit card balance by taking money straight out of your current account even to the point that it takes you over any overdraft limit. They can then charge you on that too. This process is called the right of 'set off'. So to protect yourself, if you bank with barclays, have your credit card with natwest.
If you have to let certain bills slide and go unpaid let the first one be your water bill, because there are loads of restrictions on the water companies, they can't really cut you off.
If you've got a mortgage that's bigger than the value of your home, walk away. hand the keys back. With kids you'll get help and a roof to live under.
Contact your electricity and gas companies, they have discounted tariffs for people out of work. With British Gas it's called the 'essentials' tariff. When I got onto the scheme I never had to provide proof of being unemployed. So even if i had a job i'd try and get on the scheme. Also energy companies have to jump through a few hoops before they can cut you off.
If you are out of work it's better to be in rented accommodation. You'll get much more help.
If you are in heavy debt consider an IVA (individual voluntary agreement), or bankruptcy. I am going to have to go for one of these in the next few months myself.
If all else fails put food on the table and heat your home and everything else can go stuff it.
I wish you well.
Originally posted by curioustype
reply to post by girdermonkey84
So, 2007 we had the crash...2007, 2008, 2009, 2010 our governments dithered and pandered, bankers collected their bonuses as normal....excepting the unfortnuate minority who lost their jobs and weren't rewarded with either a massive pay-off/retirement package or an alternative banking job...
Now, in 2011, even if a government were to intervene it is unlikely to affect actual 2011 bonus payout/collection...so that's 4 straight years of normal bonuses, renumeration packages, and fat retirements collected - those at the top (and to some extent surely those at the helm in the lead up to the collapse) just won't need to stay in the game, they could retire on what they have collected in those 4 years!...AND...if nothing is done...or very likely a new collapse (Euro/Dollar) occurs, this will become old news, overshadowed by greater events, they will all carry on under the smoke screen of the bigger event, whilst further weakened governments grapple with the aftermath.
Perhaps a retrospective tax collection could be made? Hmmmmm.....edit on 7-1-2011 by curioustype because: Typo- oops missed 2009 out..
Originally posted by girdermonkey84
reply to post by doobydoll
and i dont know what to say to you,i feel for you i really do but unfortunatley my friend you are one of possibly thousands! it is criminal and should not be allowed to happen,kicking people out of there homes! it truly is upsetting,i hope all works out for you mate
There is no need for ANYONE to be harsh on you. This issue is huge, and it is a worldwide phenomenon.
How it is usually allowed to happen is because the banks are RUNNING the political systems of most governments. They back and fund many of the gov officials campains, and in turn help steer policy once said candidates are sworn in as our "leaders".
Modern day politics are an absolute SHAM, dictated solely by wealth and power. The few victimizing the many.
Money Is Created by Banks: Evidence Given by Graham Towers
Some of the most frank evidence on banking practices was given by Graham F. Towers, Governor of the Central Bank of Canada (from 1934 to 1955), before the Canadian Government's Committee on Banking and Commerce, in 1939.
Also I hope I am wrong but...based on past experience this thread will die before page 3. No one even cares on here...
WASHINGTON -- A recent analysis of the 2007 financial markets of 48 countries has revealed that the world's finances are in the hands of just a few mutual funds, banks, and corporations. This is the first clear picture of the global concentration of financial power, and point out the worldwide financial system's vulnerability as it stood on the brink of the current economic crisis....
Film a childs Birthday party = felony Charge.
felony charge for taping childs birthday with movie in background.
Crash an economy = Millions in bonuses and who knows what other goodies.
What a world we live in. So what's next?