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Figgy · 31-10-2009, 4:12 AM

My bank has let me draw up a huge overdraft of several thousand pounds that I didn't ask for. I am now paying whopping bank charges on it and I only work part-time. Now they are trying to sell me a 5 year loan to cover it. Do I have the right to complain?

agsnu · 31-10-2009, 7:07 AM

You asked for it by drawing it.

Figgy · 31-10-2009, 9:43 AM

I have banked with them for almost 30 years and EVERY time I go in for a meeting with them I tell them that I don't manage my money. Although I have drawn it, that's true, I didn't know it wasn't my money. I think it is underhand and I think they should have had the courtesy to ask me if I wanted to increase my overdraft.

noh · 31-10-2009, 10:32 AM

Quote:

Originally Posted by Figgy

I have banked with them for almost 30 years and EVERY time I go in for a meeting with them I tell them that I don't manage my money. Although I have drawn it, that's true, I didn't know it wasn't my money. I think it is underhand and I think they should have had the courtesy to ask me if I wanted to increase my overdraft.

Are you serious?

onlypaddy · 31-10-2009, 10:49 AM

Quote:

Originally Posted by Figgy

My bank has let me draw up a huge overdraft of several thousand pounds that I didn't ask for. I am now paying whopping bank charges on it and I only work part-time. Now they are trying to sell me a 5 year loan to cover it. Do I have the right to complain?

Didnt ask for? You withdrew and spent the money didnt you?

They're trying to sell you a loan, possibly with a lower interest rate and no charges so are trying to help you.

And you want to complain, when it was obviously your terrible account management and massive overspending that is the root cause?

Get lost!

MrsMcLaren · 31-10-2009, 10:55 AM

So you didn't check your statements, you didn't check your online banking, you spent THOUSANDS of pounds that weren't yours to spend, and you want to complain just because you warn them that you don't manage your money?

Can I ask why the h£ll you don't manage your money? I can think of only one plausible excuse that you could give here, and it is highly unlikely that is the answer you're going to give, so, time to wake up and smell the coffee..

START TAKING RESPONSIBILITY FOR YOUR OWN FINANCES.

Comyface · 31-10-2009, 11:14 AM

I suspect a......

Troll, troll, troll, troll (to the tune of Skol, Skol, Skol, Skol if anyone remembers that advert!).

fozzeh · 31-10-2009, 10:05 PM

I feel quite similar to this...I went to The White Rose today, whipped the card out 5 times and ended up spending about £120*!!!

(*£120 on Christmas presents from saving £50 a month since February, knowing I have £1,300 available in my account (including £1,000 untouched OD) and that I have budgeted for it...hhmmm...).

To conclude; poor excuse.

Figgy · 07-11-2009, 8:40 AM

To onlypaddy, MrsMcLaren and possiby Comyface(?) (although I don't understand the answer) Forum Etiquette "Pls be nice to all MoneySavers. There's no such thing as a stupid question, and even if you disagree courtesy helps."

woody01 · 07-11-2009, 8:45 AM

Quote:

Originally Posted by Figgy

My bank has let me draw up a huge overdraft of several thousand pounds that I didn't ask for. I am now paying whopping bank charges on it and I only work part-time. Now they are trying to sell me a 5 year loan to cover it. Do I have the right to complain?

You must be joking right?

Try taking some reponsibility for your own actions and you may see what a stupid question you have raised.

onlypaddy · 07-11-2009, 12:47 PM

Quote:

Originally Posted by Figgy

To onlypaddy, MrsMcLaren and possiby Comyface(?) (although I don't understand the answer) Forum Etiquette "Pls be nice to all MoneySavers. There's no such thing as a stupid question, and even if you disagree courtesy helps."

I was being nice.

I could have called you a f***ing moron

vaporate · 08-11-2009, 9:06 AM

Responsibility cuts both ways here.

Both parties are at fault, one for spending beyond ones limit, the other for reckless lending.

richardginger · 08-11-2009, 9:36 AM

You have drawn on an overdraft provided by the bank and they of course are very happy because you can obviosly afford to pay their charges in respect of this. This is a very common situation and there are lots of people who use bank overdafts right up to their limit and end up paying massive charges for years and years. You have absolutely no right to complain but a loan to repay the overdraft at a much lower rate than the overdarft charges would seem like a good idea, assuming you don't want to affect your credit rating. Good luck . . .