15k loan turned to 250k

I'm not being funny, but that article is a self righteous bragging act by a half arsed journalist, with an obvious hard on for his first big story. He's bolded the words "He says my call saved his life" rather than the point of the story "PPI did not cover his loss of work as it should".

What a complete tool.
 
Heliospherez said:
I would like to feel "really" sorry for the guy.

But seriously.....

He took out a 5 year loan for £15,000 - & was talked into paying £4,345.44 — in a "one off payment" with the loan :rolleyes:

He also managed to pay £1 a month from Jan 2000 to sometime in 2005.... and thought nothing of checking statements or getting updates on the actual remaining loan amount ....for FIVE whole years :rolleyes: He took the loan out in 1997 for £15,000, hardly paid anything off it before he lost his job - then was "shocked" to see them turn up in 2005 looking for £19,000. I think he got a bargain actually.
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This tbh...

The other fees for the bankruptcy seem a bit dodgy but then its a DM article and they do have a tendency to sensationalize.

It does sound like he's not really helped himself very much here, aside from being a complete mug in the first place for even buying the PPI policy, he didn't really service the loan too well himself and left it all rather late...
 
DampCat said:
I'm not being funny, but that article is a self righteous bragging act by a half arsed journalist, with an obvious hard on for his first big story. He's bolded the words "He says my call saved his life" rather than the point of the story "PPI did not cover his loss of work as it should".

What a complete tool.
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Agreed.

What a poor bloke though, can't believe how majorly he got shafted. Ethics is not something many financial organisations seem to consider.
 
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