MSE News: Bank charges: banks win test case appeal

carkeyz

I am gutted! We have been trying to reclaim since May 2007 and have been in financial hardship since then but still no one has listened.
I think the people that think this is good are just annoyed that they never got their claims in when they had the chance and are just being smug!
People were relying on this, thousands of familys over the country. I know this xmas will be worse now and its my 8 month old i feel for.
I hope that some how we can get round this but its not looking likely.

Namechanger

It says in the article that it is not the end of the matter. Can we still carry on relaiming under hardship then until its sorted?

eurows

Any other country and they would of been on the streets protesting at the banks and the way they seem to be shafting everyone.

And for all those that are posting that they are glad. I am absolutely sick of paying for your free banking. Those with money that don't get charged for errors etc are riding on the back of the poorer. The sooner you have to pay for your banking the better. Pay as you go system is fine with me. Other countries have this system. We have a class system as always. The rich stuffing the poor.

Widelats

Well its not the over paid supreme court judges who are in our shoes, so they say its fair.

I knew this would happen, i had a bad feeling about it, a strong bad feeling.

sarahs999

philatio wrote: »

I love it how the scenario of the jobless, single parent who can't find 50p for the gas meter or feed the 5 kids.. is the one everybody is spouting here.

Wake up!

99% of the people fighting these charges are paid a decent wage.. spend it all on beer, fags, DVDs and clubbing and then expect to be able to spend money they don't have.. for free.. until the next pay day.

Whether the charges are 'fair' or not is irrelevant. The banks clearly publish their charges and fees. You sign up for an account so you agree to those fees. End of.

And no.. I'm not a banker (!).. I just have the basic intelligence to be able to manage my own finances.

I hope people are as kind and understanding to you as you have shown yourself here when you have a financial crisis. Redundancy? Divorce? Disaster at home not covered by insurers? It could happen to you. Try not to be such a smug tit.

heppy23

raider wrote: »

Those people on there "high horse" will have likely planned for such an event, unemployment, sickness etc.

When I was younger (37 now), I constantly had overdrafts, loans, maxed out on Credit Cards etc, stuck in the debt trap, like so many here. One day I decided enough is enough. I slowly cleared my overdrafts, credit cards and loans, all by managing my money properly and determined never to give the banks another penny of my money again.

I now have no debts whatsoever. I have a constant float of £500 in my current account so never go overdrawn and get charged. I plan & save for every purchase I wish to make in the future and for anything that might go wrong, so I'm always covered. My credit card never gets used unless I have the money there to immediately pay it of, so never get charged.

If the banks decided to charge for my credit card, I'll bin it. If they charge for a current account, I will either find another way around it, or use the cheapest one. If they charge for a savings account, I will withdraw all my money.

Fight them by using you brain and not giving money away in charges for nothing.

I've been there and refuse to go back ever again.

Learn to save, save a portion of your money each week/month, no matter how small, and use it as a base to launch from. Don't just spend it for your instant gratification.

I just wish some of the others posting on this thread were so willing to share proper advice as you.

We are all fellow human beings and there are some really spiteful people trolling on this thread.

DJBlu

Guys this just puts it back to square one.

Keep on pestering them for your charges. Get on to the FOS, take them to the courts. FSA cannot rule on whether the charges are fair or not. So what! they couldn't before the court case.

For those claiming on hardship, I would like to see the County Court that will let you go to the wall. Get your claims in with your County Court as the stay will be lifted shortly and then the government will have another problem to deal with.

Just my 2 pence worth.

Tom1234

Much as I'm unhappy with the ruling, I'm even less happy with the !!!!!!!s that have posted on this thread to gloat.

Most of you say you 'learnt to manage your finances'. Bullsh*t. I'd bet daddy bailed you out when you got into financial difficulty the first time. Unfortunately those of us who have to manage by ourselves aren't so lucky.

The ruling is clearly made on the basis that 'banks can't afford to pay out'. Nothing more, nothing less. They even say so in the write up.

ILW

emmalt wrote: »

Easy, Lloyds for example:

If you go overdrawn £1:

£15 monthly fee
£6 daily fee up to a max £60
interest
then charges for each unpaid item (£20)

So you are could be £75 down before interest and any unpaid item charges.

If you overdrawn by £100:

£15 monthly fee
£25 daily fee up to a max £250
interest
then charges for each unpaid item (£20)

So you are could be £265 down before interest and any unpaid item charges.

I would have thought the obvious solution was not to go overdrawn. Or am I missing something?

MORPH3US

dirtydavey wrote: »

This just sends a message to all british companys to say that its ok to screw about consumers as and when you like. We have no protection.

This won't go down well with the masses, but IMO the message that this sends out is "manage your money better so that you don't go overdrawn"

*runs for the nearest air raid shelter*