Just a thought

malc161

withnell wrote: »

And as I explained, it is because of lower processing costs that the DD is cheaper.

I think some people would still believe the world is flat if it was,nt for the tabloids , obviously its cheaper its only a matter of pressing a button - does that really need to cost £38 if the money is'nt there.

withnell

malc161 wrote: »

I think some people would still believe the world is flat if it was,nt for the tabloids , obviously its cheaper its only a matter of pressing a button - does that really need to cost £38 if the money is'nt there.

As you said, the money isn't there - so what gives you the right to spend it? Its not the bank's fault that you were unable to budget. Your plan for the good old days would involve your phone being disconnected because the bill wasn't paid

I'm perfectly aware of the shape of the world - it might surprise you, but many people on this website are highly educated

malc161

withnell wrote: »

As you said, the money isn't there - so what gives you the right to spend it? Its not the bank's fault that you were unable to budget. Your plan for the good old days would involve your phone being disconnected because the bill wasn't paid

I'm perfectly aware of the shape of the world - it might surprise you, but many people on this website are highly educated

It does'nt suprise me in the least and i did not mean to be so offensive ( sorry ) , but this subject is extremely important to people living on the breadline - as you obviously are not - and if fundamental banking practices are not addressed by highly educated people such as yourself ,then a lot of them are going to suffer needlessly , please don't close your mind to other peoples suffering just because you are comfortable, and in the old days you got a red letter before action was taken.

malc161

Just imagine BT added £38 to your bill every time they sent you a letter or you did not pay on time, there would be uproar - but apparantly its ok for banks to do this.

CLAPTON

malc161 wrote: »

With all due respect ,This is all schoolboy stuff and elementary , the original thread was prompting people to think outside the box and reply accordingly - i did wonder when it would be bogged down in the quagmire of staid and simple accounting - regardless of simply run home ecconomics, some people do get into financial difficultys and are then furthered into a downward financial spiral by the very people who are supposed to safeguard their finances , namely - the bank , surely a properly legislated act would be the direction to steer our politicians, and not be bamboozled by googlies such as the replys posted.

goodness me

do you really believe that banks are supposed to 'safeguard their finances'?

and actually 500 years ago most people weren't paid cash

Hazzanet

malc161 wrote: »

but this subject is extremely important to people living on the breadline - as you obviously are not - and if fundamental banking practices are not addressed by highly educated people such as yourself ,then a lot of them are going to suffer needlessly , please don't close your mind to other peoples suffering just because you are comfortable, and in the old days you got a red letter before action was taken.

If you're close to the breadline, then it is all the more important that you take action and draw up a budget and project your cashflow. If it is not viable to pay by DD then you need to look at alternatives. For example, cash, cheque, BACS, monthly/weekly payment plan or standing order to suit your requirements. Yes, some of these options may increase your outgoings somewhat as you lose the DD discounts, but one bounced DD could wipe out the value of any discounts earned in one foul swoop.

Hazzanet

malc161 wrote: »

Just imagine BT added £38 to your bill every time they sent you a letter or you did not pay on time, there would be uproar - but apparantly its ok for banks to do this.

http://bt.custhelp.com/cgi-bin/bt.cfg/php/enduser/cci/bt_adp.php?p_sid=OGSrE5Kj&cat_lvl1=761&cat_lvl2=2071&cat_lvl3=2087&p_cv=3.2087&p_cats=761,2071,2087&p_faqid=13039

You can avoid a late payment charge by paying your bill within five days of the date of a payment reminder bill (red bill). If you don't pay within this time a late payment charge will appear in the one-off charges section of your next bill.

malc161

CLAPTON wrote: »

goodness me

do you really believe that banks are supposed to 'safeguard their finances'?

and actually 500 years ago most people weren't paid cash

Now who's insulting who's intellect ?- and yes i do think banks have a duty of care .

malc161

Hazzanet wrote: »

http://bt.custhelp.com/cgi-bin/bt.cfg/php/enduser/cci/bt_adp.php?p_sid=OGSrE5Kj&cat_lvl1=761&cat_lvl2=2071&cat_lvl3=2087&p_cv=3.2087&p_cats=761,2071,2087&p_faqid=13039

Red Herring, we were talking of the old days - that in itself is evidence of the banks leading a penalty culture , it never happened until we were accustomed to banks disproportionate charges.

Hazzanet

malc161 wrote: »

Red Herring.

I don't see how it is.

You said that people would be in uproar if BT added (£38) to the bill if they did not pay on time.

I merely pointed you to the BT Customer Help centre which shows that a Late Payment Fee (of unspecified value) will be added to the bill if payment is received late.

Please explain why you feel it is a red herring.

[Cross posted - Malc161 edited his post]