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candw

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26502 posts
First used 09/01/17

#1
13/02/2017 at 11:09

Something to try to make the "books" look better without making the "books" actually better.

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The Prince of Munster

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#2
13/02/2017 at 19:35

I may be caught up in this as I left university in 2006. Luckily my student loan is almost paid off...

What would be more helpful to know is 1. Are all student loan debts from this period being sold on? 2. If so, how much is still outstanding and how many debtors are making no or little repayment?

Those on an average salary from this period will, like me, just about have paid off their loans. I'd guess those remaining never will/haven't started paying yet.

Essentially this could be a good sale economically - we aren't provided with the figures to make a judgement.

What would be wrong is if these "private" investors start setting the interest rates or start chasing the debt like a collection company would. 

Post edited on 13/02/2017 at 20:07 by The Prince of Munster

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candw

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26502 posts
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#3
13/02/2017 at 21:00

It's definitely happened in US with mortgages sold on. Higher pay back rates + foreclosures. You're right, details are lacking, but the buyers aren't going to aim for making a loss.

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exiled CITY AFC

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#4
14/02/2017 at 02:39

its amazing that people trust any government to do what they said they would do - I hear today the triple lock on pensions is now under review - told you mugs on here that pensions will be raided to fund the public sector just as they have with the pri-sec.  

Let it never be said that I was silent when they needed me - William Wilberforce 

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candw

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#5
14/02/2017 at 07:37

Are you sure we won't be trying to make jobs pay more than pensions, or houses to be truly affordable? I'm sure the March of the Makers will bear fruit soon.

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essexgull

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First used 12/01/17

#6
15/02/2017 at 19:09

Quote Quote by exiled CITY AFC on 14/02/2017 at 02:39
its amazing that people trust any government to do what they said they would do - I hear today the triple lock on pensions is now under review - told you mugs on here that pensions will be raided to fund the public sector just as they have with the pri-sec.


Pardon? State pensions rise by 2,5% as of next month.

The triple-lock is constantly under review, but can't be changed until 2020. It probably should be. The whole UK pension system is a horrific, over-complex mess with constantly changing rules, absurd varying amounts and in comparison to the rest of Europe, not actually that much.

Pensioners are getting a 'bonus' of around £3 a week, whilst the NHS and state elderly care is run into the ground, purely to keep them voting Conservative.

The only raiding going on is the constant hit to the public sector across the board to save having to raise taxes on the wealthy and private business.

ESSEX GULL 

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