Massive victory for Bank Charge reclaiming News Article Discussion

Tozer

marcharrison1979 wrote: »

If the banks were to successfully appeal to the house of lords, i call for all bank charge claims to be quadrupled, lets fine the banks and see how they like it. We are only trying to claim back part of what has already been taken from us, unlike the banks who seem to quadruple what they are owed. Everyone should give serious consideration to sue for the amount of stress this has caused too. These banks have shown their true colours, no-good dirty time-wasting scum bags, they deserve to be driven into the ground for their deception of the good british people.

Driving banks into the ground is a little counter-productive isn't it? Have you seen what happens when financial institutions lose their stability?

And penalising banks in civil law is a little hypocritical given that the basis of the claim is that the charges are unlawful penalties.

chipbeck

Gavzee83 wrote: »

Quick question.

A bank is asking that I pay back about 100 pounds in unauthorised overdraft charges (currently 100 pounds overdrawn due to charges). Should I pay them back and reclaim the charges? Or should I ask them to clear the charges after this news, saving all the hassle? (assuming the OFT decides charges are unfair.)

Don't give them the £100. Put in a claim and then tell them the accounts in dispute.

Head-Out-Of-Sand

Show_me_the_money wrote: »

Same here!! I phoned last wednesday, got my letter today stating they wont give me back £324 even though my OH has lost a quarter of his wages and i am unable to work. Anyone know what to do now?? My bloods boiling. I applied under the hardship ruling and i am also on benefits. I mentioned that i was told it was illegal to take charges out of a state benefit ( i get Incapacity benefit, child benefit and CTC ) and they said that once it has hit my account it is no longer considered a 'benefit' or state money?????

I'm pretty sure that's wrong - maybe put this up in a separate post so that people can advise? It sounds really incorrect to me - that money is your benefit money, end of.

marcharrison1979

Tozer wrote: »

Driving banks into the ground is a little counter-productive isn't it? Have you seen what happens when financial institutions lose their stability?

And penalising banks in civil law is a little hypocritical given that the basis of the claim is that the charges are unlawful penalties.

Personally i dont have a problem with being find for being overdrawn, i understand that being overdrawn may cost a bank money. But it's the size of the fines that i have a problem with, they are completely disproportional. There must be some reasonable banks out there surely? which charge fair amounts (i wouldn't mind paying for any expense the bank incurred) but the fact that they have turned this into a major money making exercise and bonus builder for themselves makes me sick), if anyone finds one please let me know. i wanna sign up with a decent, honest and honorable company which puts it's customers first.

jenniewb

Well, I've had enough of the phone calls, I called the ombudsman peiople who said they will look into my claim- not getting my hopes up, but would welcome the relief from the 08457 phone bills! Has anyone had any luck with the Ombudsman people in regards to being in financial hardship and claiming back their charges? they seemed to think it was an independant rule to the ones going through the courts at the moment.

Cannot get my head around the fact they are in such "dire straights" yet still paying pensions and etc in money that would feed a small 3rd world country for years (possibly decades), then they seem to think its ok to claim all the charges...I really hope karma applies in this situation!

brightonman123

i have mixedfeelings re this- probably good initially for Joe Punter, though he/she should really keep better control of their finances to start with..

though as we (taxpapyers) own majority of several banks, it may cost more / take longer for the various bailouts to be repaid..

as for end of free banking- the first one to do this will see a lot of their account holders take ALL funds out, causing shares go into freefall..?

Being charged to look after OUR money is just taking the pee.

They've had it (depositers money) cheap for ages, charge a fortunme for even small overdrafts, but still can't stay in profit because of greed overriding good sense.

The govt / FSA / BoE have FAILED us. neverr mind losing an early pension, messr bankers- pack your bag, and get ready for some jail time!

marcharrison1979

brightonman123 wrote: »

i have mixedfeelings re this- probably good initially for Joe Punter, though he/she should really keep better control of their finances to start with..

though as we (taxpapyers) own majority of several banks, it may cost more / take longer for the various bailouts to be repaid..

as for end of free banking- the first one to do this will see a lot of their account holders take ALL funds out, causing shares go into freefall..?

Being charged to look after OUR money is just taking the pee.

They've had it (depositers money) cheap for ages, charge a fortunme for even small overdrafts, but still can't stay in profit because of greed overriding good sense.

The govt / FSA / BoE have FAILED us. neverr mind losing an early pension, messr bankers- pack your bag, and get ready for some jail time!

POST OF THE DAY! jail time is just what those scumbags deserve!
hear hear!

Show_me_the_money_3

Head-Out-Of-Sand wrote: »

I'm pretty sure that's wrong - maybe put this up in a separate post so that people can advise? It sounds really incorrect to me - that money is your benefit money, end of.

I already did that, heres the link. I really dont want to have to go all the way through to the ombudsman. gggrrrr

http://forums.moneysavingexpert.com/showthread.html?t=1518003

This is my thread.I agree though, its still state derived benefit. I am having to get financial help from family just to make ends meet, so £324 would help in a big way. Plus at the end of all this i will still have to repay the money i have borrowed from the family.

brightonman123

todays rants were brought to you all by several doses of generic flu recovery mixture, a rough head, and general disgust at the way banks have treated their customers.

Head-Out-Of-Sand

marcharrison1979 wrote: »

Personally i dont have a problem with being find for being overdrawn, i understand that being overdrawn may cost a bank money. But it's the size of the fines that i have a problem with, they are completely disproportional. There must be some reasonable banks out there surely? which charge fair amounts (i wouldn't mind paying for any expense the bank incurred) but the fact that they have turned this into a major money making exercise and bonus builder for themselves makes me sick), if anyone finds one please let me know. i wanna sign up with a decent, honest and honorable company which puts it's customers first.

I couldn't agree with you more - if I mismanage my account (which unfortunately I did for a long time) it's my bad, I should be liable for what it cost the bank. Which is quite clearly not £40.

Stop all bank bonuses (how can a company pay bonuses when it made a massive loss? This concept is completely beyond me!) and use that money to pay back what they have stolen from people over the years.

They want to be bailed out by the taxpayer? Fair enough, I don't want the banking system to collapse, that benefits noone. But there has to be some serious improvement in the level of regulation coming out of this. Banks NEED to be responsible. Paying obscene bonuses and taking advantage of people who are vulnerable and on low incomes MUST STOP NOW.

Lets hope the HoL give this further attempt at appeal the short shrift it deserves. This has dragged on long enough.

:T MASSIVE well done and thank you to MSE for pushing this cause. :T