MSE News: Bank charges: banks win test case appeal

Gregullah

Please do a segment on your next TV appearance. I'm unemployed and could really do with the refund of 6 years worth of charges...
Is it too late to put in a claim under hardship???

Pleeeeease help:money:

raider

Tom1234 wrote: »

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.

I learned to manage my finances because all daddy taught me was how to be in constant debt and be a slave to the banks.

philatio

"oh I'm redundant.. I can't afford to make ends meet"
(smokes fag) (drinks beers) (watches Sky HD TV) (surfs internet on 3G mobile) (runs kids 500yds to school in 4x4)

Get a grip people.
You're not poor. You're just too stupid to budget your finances.

People these days seem to expect luxuries as essentials.

I'm not rich. I haven't got a very well paid job. Daddys not loaded. I JUST ONLY SPEND WHAT I CAN AFFORD!


Also loving the people who are now saying "I was counting on getting this money back". Beggars belief !!!!!

Triker

orangepony wrote: »

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.

You have my sympathy and understanding, I'm currently receiving treatment for Lymes disease and fully understand what you mean about the struggle re cognitive functioning. I wish you well in your recovery. x

clevercow

i sent my bank a letter in april of this year......it was ignored
i sent another in september exactly the same.....it was ignored
i sent another at the end of october along with one for my partners account too.....mine was ignored and hers had a reply with a proof of expenditure form.

i think they have ignored mine because i have sent proof of my financial hardship with it.
NATWEST have put off and put off and now i feel it is too late!!

what do i do?????, i am discusted with thier level of customer service they have obviously done it on purpose!!

HAVEFAITH

cappy1501 wrote: »

I think this ruling stinks of ulterior motives. To me this ruling was made only because the banks are in so much troubles, so for them repaying all of us is unthinkable. It is completely disgusting, because we had to bail them out (and no one asked if we wanted to do that!) but now when it comes to the crunch it really doesn't matter whether a person's house will be taken away from them because they lost their job, or whether a student has to drop out from their last year at uni because they're crashed by the mountain of dept they got themselves into because of the incredibly high bank charges. As long as the banks as ok, the world spins around!!!!

This is a horrid ruling, because it just shows that banks are more important then survival of the little guy. I used to work in the financial industry and can tell you first hand it is riddled with incompetence and politics. I loved being able to make a difference but at the end couldn't deal with the politics it seems to thrive on. And this ruling is all about politics! I guarantee that if it wasn't for the economic situation we're all in, the banks would have had to pay out.

I just hope that this is not an end to the sorry saga. Yes, we have hopefully learned by now to be more money savvy, but it still doesn't mean that we should stop fighting to get our money back.

Martin, please think off something that would get us back on track and start focusing our mind again at something that's important, instead of wallowing in feelings of not being able to make a difference because we're just a little guys!!!!!
:money:

Spot on ... 100% agree with you. However I think the people will protest at this judgement - v smelly fish here!

Tozer

PadiP wrote: »

Possibly, but it might crash their mail server!

And that will achieve what? Idiot.

dogshome

This decision goes deeper than we think - From memory the whole saga started with a law student who when boning up on contract law, of which a basic premise is that if there is a breach of contract, then the injured party can only seek to recover the extra costs caused by that breach, realised his unauthorised overdraft charges were way over the banks true cost and successfully ran his bank thro' the Small Claims court.
So the Supreme Court by saying that as these charges are in the T&C that it is OK to charge them, are supporting Unfair Contract terms in a contract that is written to expressly
get around long established.Contract Law

neverdespairgirl

dalenpayton wrote: »

Truly, truly shocking news! Is there any manouevering room left for the OFT and us poor souls? European court maybe? The law in this country is truly mind boggling!

As I understand it, both the OFT and the banks said in the House of Lords in the summer that neither wanted to go to the European Court of Justice, even if the case were to be considered for referral, because of the extra time it would add on to the test case.

The_White_Horse

dirtydavey wrote: »

Right so you where hit! Not perfact then, no?

Lucky you where able to sort it out. For me and many others thats the start of a massive spiral that they simplay cant affford to get out of.

who said i was perfect?

it is only the start of something big because you let it spiral out of control. I think it is lies for anyone to say "and then i was hit with a 30 quid charge and this spiralled into thousands".

one charge made all that difference.

even if you are dirt poor and have nothing, you could cancel all DD and fin 30 quid from someone, then close the account. it may not be helpful but at least there will be no more bank charges. may not sort out other problems, but will stop the bleeding.