The British Banks' Problem

Copying New Labour ideology (b. 1979, d. 2010) meant everyone had to have targets for everything.  Despite warnings UK banks developed targets to get their staff lending money to people who couldn't afford it, perhaps in the hope that others would devise targets to make them to work harder to repay it.  

But capitalism is a race to the bottom, and it didn't work. 

As a result British banks (and building societies) have lent me (and a few other people) more money than I can pay back.  Much more.

The British Banks' Solutions

Sell the debts to thugs and wide boys at 20p in the pound.  Drive up and down around the debtor's ex-girlfriend's house in a big blacked-out BMW.  

Ring the debtor's ex-girlfriend's neighbours to ask if they know me or if they have seen me around.  

Frighten the ex-girlfriend on her way to the Co-op by screaming up to her in the BMW and glaring at her in a threatening manner before driving off.

Slosh around in all sorts of fishy databases, so that you can ring him at all times of the day and night, and send letters to all sorts of places he does and doesn't live.  

Try to stress out people in fragile financial situations by threatening them with not being able to borrow more money - which they probably don't want to do - if they don't pay back the money the banks say they owe, which they will probably never be able to do anyway.  

Find excuses to ignore CCA and DPA requests.  

Watch in amusement as customers are exploited and ripped off yet again by other wide boys claiming to be able to erase your debt.

Effect on the debtor's ability and willingness to pay

None.

Now see my solution.