MSE News: Bank charges: banks win test case appeal

jju5t

Ive read page after page about the banks being awarded this victory,

We all know the banks owns the MP's, bank of england, gordon brown and his cabinate.

So lets worry about what do we use to challenge the banks now?

So does this mean all the stays on current cases is lifted(so we can now go about sueing the banks personally again?)

I know that the legislation reads(charges must be fair, reasonable and proportional) and they really are none of the above so how do we use this?

angelflower_2

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.

Thanks for your post....I absolutely agree.

Lets just be a bit more empathetic to the people who are currently at the bottom rung of that process. Who have recognised an issue and are trying their hardest to fight their way out of it and get to the position where they can have a float etc. I incurred a lot of my charges whilst at the bottom of this process which just makes the journey that much harder.

Triker

Maybe its a good thing....maybe the catalyst we all needed to start some serious changes to the manner in which we're supressed and bullied by banks and Government.

PadiP

zeushelmet wrote: »

What a load of crap, I have read the full document issued by the so called supreame court and that document in itself is not clear. The lords writing these rules are obyiously very litterate and good with words so they can understand the banks written rules but and a !!!!ing big but, most of england are just standard people who find the bank rules unclear, how can the lords make such a rulling when they dont understand the simple question about being unclear. The general public have much more common sense and are more practical even if the rule makers can write, there useless at just about everything else. In my view its very clear, the government has had a word, say no more, but if the banks had to pay back what they had basically stollen from us, (£10bn.) most of them would go out of business and that wouldnt look good for the gov's unemployment figures. Look out everyone i say, they will be chargeing you to breath next. sorry about the spelling, very !!!!ed off right now and im only normal.............................................. !!!!!!s.

You make an excellent point. A legal stuff is essentially down to the language used - it doesn't need to be fancy language, it could just as easily be in everyday language that you or I could understand, but then we wouldn't need lawyers, and judges could just be ordinary people blessed with a good deal of common sense. But of course, something has to justify the excessive fees charged by most of the legal 'profession' , hence the often fancy language - we need them to translate it.

Lizziecrawley75

The Banks are a joke. They over charge us, then us being the tax payer we bail them out..... We must be able to do something about this. Yet again they are getting away with it.

:mad::mad::mad:

As for the comment from LATWTTB you must be a Banker!!!!!

_Andy_

qprfcmark wrote: »

EMAIL THE SUPREME COURT AND TELL THEIR LORDS***S THAT THEY CAN STICK THEIR JUDGEMENT WHERE THE SUN DON'T SHINE!!!!!!

enquiries@supremecourt.gsi.gov.uk

Wow, how mature. I'm sure they're quaking in their boots at the thought.

thegoodlife

I kind of expected this, my hubby was sure they would have to pay back but I new that in the state the banks are in the government would not let it happen.
I really feel for all the customers that are not going to get there money back, it would have helped a lot of people out of a hole , and helped the economy.
It is very easy for the charges to start small and then snowball daily leaving you in a worse position the next month and it carries on not getting any better month by month, the daily charges are unbelievable I honestly cant see how a court ruled these as fair for people suffering hardship!

orangepony

I think the ruling is a disgrace. I've been waiting since 2006 for Alliance & Leicester to refund disproportionately high default charges. Just a couple of weeks ago A&L levied a 55% default fee on my account because I mistakenly used the wrong cheque book (on an account that's been dormant for 2 years save 1 direct debit, and they didn't query the unusual transaction), which then made a direct debit (which they paid without question) take the account into a negative balance. I have an illness called neuroborreliosis, a neurological form of Lyme Disease, and I have to struggle every day not to make simple mistakes like this one.

minnie123

I'm gutted - I have nothing against bank charges if the are fair but they are not. I went overdrawn by 0.40p and put some money in the next day to put it back into the black and the bank charged me £35. They didn't even send me a letter so what was that £35 charge for. If the charge had been say £5 I would have thought ok my fault fair enough but £35!!! ridiculous.

smothy

I have never had a current account, just bog standard ones with a hole in the wall card, not even an overdraft facility. Yet RBS still managed to wheedle £2,200 out of me by bouncing DD if 50p short (£380 and then writing to inform me of this (£38). Nice work if you can get it.

I have moved from RBS to Halifax, where the max charge is £15...much more palatable if it happens. Wife still has her wages paid into RBS, we simply draw it all out in a lump and pay it into our Halifax account. You should see the bowing and handwringing that goes on when they approach and ask if there's anything they can do to help us.