On Sun, 23 Mar 2008 00:35:49 GMT, "Lord Turkey Cough"
wrote:
>
>"Derek Geldard" wrote in message
>news:tdvau3tbfk70je36f7pes3vcc26lj9f5nu@4ax.com...
>> On Sat, 22 Mar 2008 20:24:11 GMT, "Lord Turkey Cough"
>> wrote:
>>
>>
>>>>>It's totally wrong.
>>>>>
>>>>>You paid the higher charges because it is unsecured and then
>>>>>appaerently they can secure it on you home.
>>>>>A complete con.
>>>>>
>>>>
>>>> On the contrary.
>>>>
>>>> All the borrower has to do is keep to the terms the loan was taken out
>>>> on, IE keep his mortgage payments up to date.
>>>
>>>Err no it is not a mortage. It is an unsecured debt.
>>
>> Ok. So ...
>>
>> All the borrower has to do is keep to the terms the loan was taken out
>> on, IE keep his payments up to date.
>>>
>>>>
>>>> If he breaks that contract, the contract is, well ...
>>>>
>>>> Broken.
>>>
>>>Yes, but the good thiing is it was an unsecured loan,
>>>hence he paid higher interest than on a secured loan.
>>>If he breaks the contract he ends up with a bad credit rating,
>>>thats all.
>>
>> You don't imagine that the secured loan
>
>Err we are talking about a unsecured loan here, where did this 'secured
>loan'
>come from?
>
Look at the title of the thread.
>> they *may* offer him
>
>No point in offering him one as he doesn't want one. To do so would be
>wasting his time.
>
>> will be
>> on standard terms,
>
>What would be 'standard terms' for a loan he does not want?
>
They'll still be the lender's standard terms. Generally not available
to customers the lender has had to take to court, unless maybe they
were naff money lender's rates to start with (some lenders specialise
in this).
>> or the terms that they would have given him if his
>> accounts with them
>
>Where did his 'account' come from, he does not have an account with them.
Who is this "He" to whom you refer ?
>There is no mention of an account with them, you seem to have imagined this,
>amongst other things.
>
Look at the title of the thread.
>> were in good standing ?
>
>He has no account with them so there is no standing.
Why introduce him into the discussion then, look at the title of the
thread.
>I am not to sure what you are trying to say really it does not make
>sense.
>
>You seem to be talking about a totally different situation.
>
>>
>> DG
>>
>
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