Thursday, 6 December 2012
Dear Bank Manager (Part 2)
As you haven't responded to my last idea, can you please qualify why whole countries are going down the pan - and the UK itself is living beyond its means - yet you treat us like some sort of criminals for struggling to make up the payment shortfall you've imposed on us with your latest mortgage rate increases? [which, incidentally, became 'necessary' as a direct result of your own recklessness].
Using your threats to exercise your charge over our home as the standard strategy for debt recovery, who would take possession of Greece e.g. when their debt mountain collapses? - where would a whole nation be expected to live? And why can Governments be bailed out with rescue plans spanning years yet you're already getting trigger happy about what might only be a couple of months arrears?
You seem to have abandoned most of the factors previously taken into account when assessing someone's risk profile and focused entirely on capacity to repay. In our case, you're not exposed while we have around 50% equity in our home and, despite my continuing inability to find work, I've held some responsible and well paid positions in the past and my prospects are still good.
You also don't seem to grasp that, if you realise on your security, that will be one less loan accumulating interest for you in a market where you're already having trouble getting rid of the stuff. But that shouldn't change the outcome much - as soon as I find work again, you'll lose my business anyway for failing to be as loyal to me as I've been to you.
You need to get back to basics and stop pigeonholing people - understand your customer and use some common sense.