Bank Charges - illegal?

Fedz

YorkshireBoy wrote:

OK lets be serious for a moment here...

1. LTSB choose not to report good account conduct. They also reserve the right to report bad account conduct - check your account T&C's..

I am not disputing that and I thank you for pointing this out, I am grateful too you but, as they aren't listed on my credit report and never have in 15 years I'll take the risk.

2. You may have a house now, but what if Mrs Fedz sees her dream home - and you can't provide it for her because you can't get a mortgage due to the default. What will you say? Could I place a deposit to hold it whilst I sue LTSB to get the 'default' removed from my credit report?

If they do decide to put it on my credit report, it'll fall off after 6 years I think. Given we've lived here 13 years and have no plans what-so-ever to move as our location is perfect plus work is only a short walk away and when we (work) do re-locate in 3 years time to a different hospital it's still a short distance away.

3. What happens if you want a 3-piece suite from DFS, on their buy now pay later offer?

We can use our wages, savings and or credit card but, again I understand your point

4. What happens if one of you is off work for a while, and you need a loan to tide you over?

We have insurance for that (seriously) but, we have worked hard and saved hard too over these many years ...

5. What happens when Halifax 'routinely' search your file (as they entitled to do under your T&C's) and see the LTSB default?

True. I doubt they'd be bothered as we both have Halifax accounts funded with approx £1,000 p/m plus have quite a large amount of savings with them.

I'd advise you think long and hard about the course of action you are taking.

I might pay back the £130 in error but, they've never written to advise me of this, their error so they've never requested this in writing tbh.

I'll then threaten legal action for the £70.

That'll give me something to do on my next annual leave (next week).

As they haven't written to me regarding this does it make a difference?

As I withdrew the £260 (one £130 in error) and then they added £70 charges and I'm now £70 overdrawn - they have not even accounted for the £130 in error on my account - if you understand.

dchurch24

Can I just say - I did exactly what you are suggesting with the Abbey - they gave in - My credit was not affected.

Fedz

dchurch24 wrote:

Can I just say - I did exactly what you are suggesting with the Abbey - they gave in - My credit was not affected.

Well as they've not reflected the £130 (paid in error) on my account and not requested it in writing then I'll call their bluff! That'll look good in any potential court action

If they want the £70 and or any further charges then they'll have to take a risk and start legal action on me but, I will vigerously fight it with pleasure

I'll keep an eye on my credit report as I have an account with ProtectMyIdentity and can check my credit report anytime for free within the annual subscription.

Good riddance to them (LTSB) - they might realise that customers aren't all doormats!

tempest42

Dchurch24 ,
Dave, Just logged on and saw the link to the new thread and would like to congratulate you on a job well done and pass on many thanks for the time and trouble you took to help me and many of my mates Ive helped and given confidence to do what you helped me to do.
Dave

Djswed

Hey all great effort, thanks to those that are taking their time to stand up for something they believe in and helping others.

I'm just about to start the ball rolling with my bank by sending a data request and i have one question.

With regard to the £10 charge is it advisable to send it with the initial letter in the form of a cheque or do you think i should try and get it for nothing first?

Cheers

David

dchurch24

Djswed wrote:

Hey all great effort, thanks to those that are taking their time to stand up for something they believe in and helping others.

I'm just about to start the ball rolling with my bank by sending a data request and i have one question.

With regard to the £10 charge is it advisable to send it with the initial letter in the form of a cheque or do you think i should try and get it for nothing first?

Cheers

David

I have never been charged for this information - I think the banks don't really know the law on this (it is a bit woolly) - and if you push hard enough they give you a list of charges straight away (subtle distinction - list of charges - not bank statements.)

gotnobread

ethank wrote:

Hi Gotnobread. Well done! Did they threaten to close your account? Just I bank with HSBC, and I am trying to decide whether to take them to court!

Cheers

EthanK

Hi EthanK,

No, no threats along those lines so far - I'm still waiting for the outcome of my letter to their Solicitors declining their gagging clause though, so I suppose there's still time

Cheers,
Gotnobread

barriejohn69

Sorry to be lazy but could someone put how i would go about this in a short paragraph so as I can get the ball rolling. I have read a few pages of posts but I'm getting a but confused. Thanks in advance

moxie_2

If you know what your bank charges are then write to them asking for your money back. You can go back 6 years. Check out the Bank Action Group forum library where there are standard letters you can use/amend according to your circumstances. If you don't know what the charges are, you can write to your bank asking for the information under the Data Protection Act. You have to be prepared for the banks ignoring you, partially refunding you, (both of these have happened to me), and also be prepared to go to the Small Claims Court. No cases, as far as I know, have yet gone to Court, the banks have always caved in, sometimes the day before the hearing was due to take place, and settled out of court. Try https://www.bankchargeshell.co.uk as your first step. And good luck!

westernpromise

dchurch24 wrote:

Microsoft Money 2006 = The worst piece of software I have ever used.

I'ts going back tomorrow.

Haven't heard any reviews of 2006 but 2005 got absolutely crucified by users for forcing you to sign up to Microsoft Passport, then sending your data to MSN servers here, there, and everywhere for no apparent reason.

Money 2004 does not do this. I haven't upgraded from it for this reason. For a long time, bizarrely, M2004 was more expensive second-hand on eBay than M2005. The market speaks....

I'd seriously try 2004 before abandoning it entirely - it's about £8 on the 'bay and if you don't get on with it, you can just stick it back on eBay and probably get 80% of your money back.

Alternatively, Quicken was quite well thought of; I haven't tried it and they have quit the UK market, but again second-handers are still around.