i'm a 20 year old student in a bit of trouble...

jay3_2

Tommy99 wrote: »

Jay3 - You do have to remember that it the banks (sorry plus the goverment) fault that we are in this situation in the first place. They lent to much money, out of greed.

No it isn't - what about the poor unfortunates who received all of these loans? Are they all blameless? Individuals are responsible for their own finances, and it is about time people woke up and realised this. The government didn't force anyone to take on an ill-advised loan. It is too easy to blame everyone but yourself.

jay3_2

Tommy99 wrote: »

But, banks do go on about giving back to customers? I had my other bank ring me to see if i had lost my card, due to strange transaction on betting sites which was me. They will follow up these areas but when they are making money from you they will not call and notifiy you, the certasy of ring to say "We have charged you for the last 3 months, are you aware of this"? Is this just not customer service. If not whjy do we use banks, why not just keep it in a safe, and control how takes your money.

So, your bank recognised that a potentially fraudulent transaction had taken place, and you are complaining that they checked this with you? Give me strength!

willo65

Tommy99 wrote: »

Well someone got out of the wrong side of the bed. I understand what you say, and yes it is my fault for not cheking the bank account. But, is it not the banks responablilty to at least send my any charges on my bank statments? if i would have known this i would have been in this situation.

Just to point out the OP said probs started in JULY (presumably 2008) So he would have had at least 7 months statements so far with the charges on there:rolleyes:

Tommy99

jay3 wrote: »

So, your bank recognised that a potentially fraudulent transaction had taken place, and you are complaining that they checked this with you? Give me strength!

I was not complaining about the banks calling me, as a company do they not have a resonablity to there customers to let them know that they are going to be in trouble.

The banks are estimated to make as much as £1.5 billion profit from such charges each year.

http://www.telegraph.co.uk/comment/telegraph-view/3637768/Up-front-bank-charges-would-profit-us-all.html

Maybe this is why they didn't call!

Lokolo People still took the money.... just as you have done.

I do understand this, and i understand i took a student account out. However, if the bank were not being so greedy with there hedge fund, then they would not be in this situation.

Jay3 No it isn't - what about the poor unfortunates who received all of these loans? Are they all blameless? Individuals are responsible for their own finances, and it is about time people woke up and realised this. The government didn't force anyone to take on an ill-advised loan. It is too easy to blame everyone but yourself.

Yes they are responable for the own finances, and because i don't use and check that account i got stung. But, it is called economics, Gordon Browns budget casued the problems we have. It aused a bubble of money etc.

Yes no one was forced to purchase a new house, but if no one did take credit to purchase a house then the majority would not get sold.

Tommy99

One thing that needs to be remember is that the if people are unable to buy things then an economy falls.

Look at the car industry, do you think that all of those car are bought out right.

Jay3 - I understand what you say, i know i should of shecked the account. And trust me i am not letting them get hold of any of my money anymore. But in the case of the person that postered first, it was a very small amount of money while he was out of the country.

Jay, everyone knows that the charges are there responability. But is it really fair to take so much money for such a small mistake.

I don't know if this will relate properly but, if i followed you down the street and you have a bundle of cash in you back pocket and every time you trip over your feet (which is your responability) i took £20. And the more you tripped up the more i would take. And if you fell over i wouldn't help you up, just keep taking money. Why would i help you up when i have your money??

This is not to have a go at you Jay, but, i got enough of what you say from my 50 yr old parents!! :cool: :cool:

natweststaffmember

Tommy99 do you want to start a new thread on your specific issue and then both you and Jay3 can argue all you want?
Toxic, wants advice on his specific issue and isn't getting it. Thanks in advance.

willo65

Tommy99 where exactly did OP mention anything about going abroad? and are you just going to ignore my last post re: Statements??

GrammarGirl

jay3 wrote: »

I don't think the success stories of people reclaiming charges necessarily mean that they acknowledge that they are unfair - it just shows that the banks have been pressurised into this by adverse PR.

I don't have a rosy view of banks at all, though I do think they are an easy target (esp. at the moment!), just like the supermarkets. Of course they are businesses, hence the need to make profits. Some poeple on this forum seem to have a problem with that basic fact. All I can say is that my bank has given me 25+ years of faultless, excellent service, for which I have been charged the sum of £0. Can anyone name another business that provides that level of service?

With 25 years of absolutely faultless service, I must say you've been lucky. Most people have some kind of issue with their bank at some point along the road, many times through no fault of their own.

Also, although your ability to manage your money is commendable, not everyone can operate this way. Sometimes it's due to their own stupidity, other times they simply have never been taught how to handle finances. And of course there are those who cannot help the fact that they are in financial difficulty - those who are made redundant with mortgages to pay. You know how it goes.

I just think that not everything in life is so black and white. Yes, banks should make a profit, no, customers should not believe the banks owe them anything, yes, people should be able to manage their finances successfully. But this cannot always happen to every person.

Tommy99

natweststaffmember wrote: »

Tommy99 do you want to start a new thread on your specific issue and then both you and Jay3 can argue all you want?
Toxic, wants advice on his specific issue and isn't getting it. Thanks in advance.

Sorry Toxic, got a bit carried away.

The best thing to do is go to your student union and talk to them. Or go to the bank and ask them to put a stop on the account and pay a monthly amount to them.

The university may even be able to give you money from there hardship fund, this may be called something differant and other uni's.

Good luck

jay3_2

GrammarGirl wrote: »

Also, although your ability to manage your money is commendable, not everyone can operate this way. Sometimes it's due to their own stupidity, other times they simply have never been taught how to handle finances. And of course there are those who cannot help the fact that they are in financial difficulty - those who are made redundant with mortgages to pay. You know how it goes.

Yes, I do know how it goes, but people just need to enagage their brains and plan for these eventualities. Just put some cash away for a rainy day; save up for things rather than just borrowing - this is easy stuff.

But it simply isn't my fault, or any bank's fault, that they find themselves in this predicament. Too many people borrow up to the hilt (amd sometimes beyond), and the rest of us are sick of having to pay for their mistakes.