Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirror O

[Legal Beagles]

[IMG]http://legalbeagles.info/wp-content/uploads/PAY-Ian-******.jpg[/IMG]

Unemployed Ian ****** was being chased by 12 firms when he took an overdose last November – he received 1,000 text messages from them after his death The man who killed himself after racking up £20,000 in payday loan debts in a year had originally borrowed just a “few hundred” pounds, his daughter said. Unemployed […]

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[Nibbler]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

More complete article here: http://www.mirror.co.uk/news/uk-news...nt-one-3892889

They then pursued his family for the debts. Nice!

[Amethyst]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

Saddled with more than £20,000 of debts to payday loan firms and no income, Ian ****** could see no way out of his financial situation, so the 60-year-old took an overdose of painkillers to end his own life.

After his death he received 1,000 texts from lenders demanding cash and Ian's daughter Samantha Carr has now demanded a government clampdown and posted an emotional video on YouTube, telling of her heartache and outlining how easy it is to get into financial trouble.

Below is a video Samantha made while heartbroken over her dad's death.

[Johnboy007]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

This is just one reason why I hate Bailiffs, Loan Sharks, High Interest Loan Companies, Parking Enforcement Officers and any other such low life.
They just prey on helpless, and in most cases regarding loans, defenceless and desperate people.
Oh I know there will be those who cry..."Someone's got to do it"...
Really? I don't think so.
The above very tragic case is just an example of what desperation and hopelessness, these people cause.
My condolences to the family of Ian......

The video is a poignant reminder of why we try, to help the many people who use this site.
People who are desperately searching for someone who can hopefully, help them in their hour of need.

[PAWS]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

I am heartbroken but not surprised. This is a consequence of the ‘paper cosh’ that debt collectors use but as we all know it is not just the pay day lenders. Many of the high street or 'so called' reputable lenders sell on the debts to the ‘vulture club’ who are also responsible for pushing people over the edge. My friend had court papers from what we now know was a fake law firm with her when they pulled her body out of the water in 2002.
Threatening people with court action is terrifying. It is more frightening when you realise that these 'un pheasant pluckers' are often pursuing disputed or technically unenforceable debts. They reduce people to begging from food banks, selling off everything they own and when that is not enough they write to tell them that if they cannot ‘magically’ produce full repayment they will be hauled into court. Why does the government, the OFT/FCA and the whole bloody lot refuse to realise the effect this has on a person and their families. This is barbaric and savage. I just pray the family find some peace and that this man is not going to be written off as just another statistic. There have been many suicides due to debt and at each coroners court some ‘expert’ will say the actions of the DCA were not the main reason as ‘he/she was suffering from depression. No sh*t Sherlock. You would be too if you had month after month of threats.

I have posted this before but I think it is worth repeating.
Farming Community Network chief executive Charles Smith said: "There is seldom a month goes by that one of our volunteers is not called to help a farmer who has contemplated suicide because of debt or to help the bereaved family of a farmer who has died by suicide.

According to debt counselling charity Christians Against Poverty (CAP), more people may be driven to suicide by their debts in the future. In a recent survey of 1,500 customers, the charity found that 40% of them had either tried to kill themselves or thought about doing it.

“After a decade of decline, there is now a rise in the suicide rate in the UK believed to be linked to the recession and debt. There has also been a massive increase in the number of antidepressant drugs prescribe by GPs for patients with financial worries.” Ian Williamson,Co-founder CAMIAD

[FlamingParrot]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

I find it difficult to read this for various reasons. One is, of course, outrage against those companies that hound people, however, I also find it quite hard to understand why people get so worried about money to the point of suicide. :noidea: After all, if you haven't got it, they can't get it from you. He was unemployed, so they couldn't have made him pay when he had no income. There are much worse things in life than debt! £20k may sound like a lot (and, when we're talking PDLs, it most certainly IS!) but a lot of people owe a lot more than that. I myself owed around £16k and I know some who owe nearly 10 times as much and still manage without resorting to bankruptcy. In the end, there's life with CCJs and life after BR! Why would anyone want to end theirs over money matters? :confused2:

[FlamingParrot]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

][/COLOR]

According to debt counselling charity Christians Against Poverty (CAP), more people may be driven to suicide by their debts in the future. In a recent survey of 1,500 customers, the charity found that 40% of them had either tried to kill themselves or thought about doing it.

For all guests out there reading this, maybe I should spell it out in big, bold, red letters:

DON'T EVEN THINK ABOUT SUICIDE OVER DEBT, IT'S ONLY MONEY AND IT ISN'T THAT IMPORTANT! THERE ARE MANY MORE THINGS IN LIFE THAT ARE MUCH MORE IMPORTANT, ALMOST EVERYTHING ELSE!

[PAWS]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

Ah. But we have each other!:grouphug: And anyone who finds this site will get the guts and legal info to fight. Many people think that any hole in the wall company that has a pseudo official image is the absolute law and cando what they want, when they want. I absolutely agree but when you read stuff like the children’s society report you realise how the constant pressure and regular threats can terrify and eventually break people.
A bit like I’m trying to do to every Member of Parliament at the moment!:evil: Ha ha!

[wales01man]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

I can laugh looking back at the time in my life when everything went tits up Losing 2 businesses our home and Income I felt so low I was Suicidal but gutless.

In a way it was the best thing that happened it made me realise that working 100 plus hours a week was affecting my health physical and mental luckily I had and still have a wonderful wife and sons who are the reason I didn't do something silly, I was helped Pre LB by a guy from a large Financial advice company who I approached for loan advice he told me I would never be able to borrow to get out of debt but gave me loads of advice as to how I should carry on and stop worrying telling me that there was no realistic way to keep the house the businesses but I should concentrate on the family/
Like it or not I think in this guys tragic case there was more to it all than just money . I have to agree that the whole Debt industry need reforming so that those who can pay pay and those that cant are helped problem is that many debtors never tell the truth about their ability to pay.And many DCAs banks Bailiffs ETC only want the money however they get it /

As I say a lot on here there is light at the end of the Tunnel there is help out there especially sites like this and people I need not name who go the extra mile on here to help.

[PAWS]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

Wales01, after reading your post I would never, ever think you were gutless!

[Johnboy007]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

I find it difficult to read this for various reasons. One is, of course, outrage against those companies that hound people, however, I also find it quite hard to understand why people get so worried about money to the point of suicide. :noidea: After all, if you haven't got it, they can't get it from you. He was unemployed, so they couldn't have made him pay when he had no income. There are much worse things in life than debt! £20k may sound like a lot (and, when we're talking PDLs, it most certainly IS!) but a lot of people owe a lot more than that. I myself owed around £16k and I know some who owe nearly 10 times as much and still manage without resorting to bankruptcy. In the end, there's life with CCJs and life after BR! Why would anyone want to end theirs over money matters? :confused2:

Understanding why people get so worried about money, is not so hard to comprehend.
You can't survive without it, and still live a reasonable existence.
This world revolves around money, you only have to look at the flash cars, luxury houses and the scams and cons that go on.
Some people worship money, and as long as that is happening, then you will keep getting these poor desperate people, who are being hounded for money to supply them with.
About ten years ago, we had constant phone calls day and night from Capital One Bank. Constant letters from debt collectors.
Despite repeated requests to them and to Trading Standards, they persisted. Going to see a debt advisor, solved the problem for us.
We are now in a much better and solvent situation having learned by our mistakes, but believe me, there are people who are so desperate, that they can't see that 'light at the end of the tunnel'.
Some people can 'hack it' and there are those who, 'push it to one side, hoping it will go away'.
Of course it never does go away.
Desperate people become even more desperate, trying to cope with demands for money, from those who don't give a damn about peoples feelings or their desperate situations.
Eventually it gets on top of them, becomes too much of a burden, a hopeless, hopeless mess.
Stress has taken it's toll, and there seems to be no escape.
Lost everything they have ever loved, family, dignity and any remnants of pride.
There's no-one to turn too, nowhere to go.
Only one thing left to do.
It will soon be over..
Just take a few tablets
Ahhhhhhh Peace at last.

No my friend, understanding why people worry so much about money, is really not that hard to understand.
aw:

[Debt Camel]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

Scum.

And the FCA is worried that if they clamp down too hard on Payday Lenders then people will turn to loan sharks.... sometimes it's hard to spot the difference.

[theGobbyOne]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

Understanding why people get so worried about money, is not so hard to comprehend.
You can't survive without it, and still live a reasonable existence.
This world revolves around money, you only have to look at the flash cars, luxury houses and the scams and cons that go on.
Some people worship money, and as long as that is happening, then you will keep getting these poor desperate people, who are being hounded for money to supply them with.
About ten years ago, we had constant phone calls day and night from Capital One Bank. Constant letters from debt collectors.
Despite repeated requests to them and to Trading Standards, they persisted. Going to see a debt advisor, solved the problem for us.
We are now in a much better and solvent situation having learned by our mistakes, but believe me, there are people who are so desperate, that they can't see that 'light at the end of the tunnel'.
Some people can 'hack it' and there are those who, 'push it to one side, hoping it will go away'.


Well said........suicide is a permanent solution to a temporary problem and sadly it happens more than we probably think.......
Of course it never does go away.
Desperate people become even more desperate, trying to cope with demands for money, from those who don't give a damn about peoples feelings or their desperate situations.
Eventually it gets on top of them, becomes too much of a burden, a hopeless, hopeless mess.
Stress has taken it's toll, and there seems to be no escape.
Lost everything they have ever loved, family, dignity and any remnants of pride.
There's no-one to turn too, nowhere to go.
Only one thing left to do.
It will soon be over..
Just take a few tablets
Ahhhhhhh Peace at last.

No my friend, understanding why people worry so much about money, is really not that hard to understand.
aw:

Well said I couldn't have put it any better you said exactly how I would have responded while I understand what Parrot meant in the post I understand why individuals would consider suicide or go as far as taking their lives.......to dome it's not 'only money' but an insurmountable situation that leaves them broken and the balance of their mind in a bad place.......so so sad

[MIKE770]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

The state of the corporate greed world!

[wales01man]

Re: Man who killed himself over £20,000 payday loan debt ‘started owing £100s’ – Mirr

Its the Corporate world that rules our lives !