The question debtors are increasingly asking: do I have to repay?

[Legal Beagles]

The rise of online forums as a place to get debt advice represents something quite different, however. In the long history of borrowers’ difficult relationship with debt, the tendency has been for people to try to deal with their debts alone. For many, taking on debt involves not just an economic relationship but a moral […]



More...

[Amethyst]

Re: The question debtors are increasingly asking: do I have to repay?

From the report

[Fred]

Re: The question debtors are increasingly asking: do I have to repay?

So what is new ?

[Fred]

Re: The question debtors are increasingly asking: do I have to repay?

Following reading some of this selective reasoning (potentially) where does the "unregulated" stand.....................I can tell you....."no where"

It has been completely ignored from day No1 of any recent directive/s or the inclusion in to the new mortgage directive being pushed by the FCA to integrate into the EU.

Debt management is nothing compared to members of the public being stripped of their assets in ignorance, overcharging & above all lack of information or an educated line of defence.

[Nibbler]

Re: The question debtors are increasingly asking: do I have to repay?

Interesting forum quotes.....

[Fred]

Re: The question debtors are increasingly asking: do I have to repay?

Interesting forum quotes.....

It makes me livid to think this is being published & the exact opposite is actually happening..............the debate I have personally had to wade through & will continue to do so is no different to what would constitute complete ignorance...............................it is statements of this kind that is "rhetoric" not the sort being put by a suffering public/consumer.

[Amethyst]

Re: The question debtors are increasingly asking: do I have to repay?

Interesting forum quotes.....

Any of yours there Nibbler?

[Nibbler]

Re: The question debtors are increasingly asking: do I have to repay?

Any of yours there Nibbler?

Nope.

I count 4, perhaps 5 from MSE though.

[ncf355]

Re: The question debtors are increasingly asking: do I have to repay?

What's the source of this article?

(sorry if I've missed it!)

[Amethyst]

Re: The question debtors are increasingly asking: do I have to repay?

http://theconversation.com/the-quest...to-repay-36723 (its linked to from the homepage - the first post on this thread is an RSS feed from there - the full report is on the homepage story too)

[Amethyst]

Re: The question debtors are increasingly asking: do I have to repay?

One of the authors of this has also written some other interesting articles eg... ''Debt collectors are the true ancestors of Facebook’s emotions experiment ''

The aim was to test the effect of different letter designs and letter sequences, with the ultimate ambition being to create a carefully calibrated letter sequence which would build up the anxiety level of the debtor from an initial “welcome” letter to later letters where they felt they had no option but to pay. The effect Carder was looking for was to make the debtor feel “as though he were standing on a railroad track with an express train on its way”.

To do so, letters and debtors were organised into test groups and control groups. Variables could then be tested. These ranged from using colour, to using cartoons to create a friendly tone in early letters, to different wordings, some of which tried to appeal to emotions like ‘honour’, other which were more aggressive, for example using words like “final recourse”. They even tested using letters that appeared to come from lawyers, an early example of a practice that has drawn Wonga back into the firing line this week. The results, writes Carder, were an unequivocal success.

[ncf355]

Re: The question debtors are increasingly asking: do I have to repay?

Thanks

So more evidence of what we already knew - most DCA's are scumbags preying on the vulnerable