MSE News: Bank charges: banks win test case appeal

robpw2

isnt funny the new supreme court is made up of those who dont have to worry about bank charges

i guarentee this would have been a differnt outcome if they wanted to charge those with credit balances money

emmalt

superfozzie wrote: »

I've just had an email from Nat West (7.20 this morning) reducing all their charges some massively. The biggest reduction was the unpaid item/unarranged overdraft fee was £38 now £5

Good for them. That's more reasonable.

Harry_Powell

dirtydavey wrote: »

Its all very well for you to come on here and say things like this. But millions of people are not able to manage there cash as well as you.

Why are you here, to brag? Or to take enjoy other people misfortune. Why?

A minute ago you where banging on about bugets, now you are not. I was living to my means. I was bugeting just fine. Then I was wacked with massive charges for one mistake (not checking my vodaphone bill, I know I was fuc*ing dumb to trust they would not sharft me from behind, but they did.) Then it spirals. And thats the problem here. Banks are getting people into massive problems, to make a quick buck.

Millions of people manage their accounts much better than I do. I am still 'banging on' about budgetting, you obviously don't understand that there is more to budgeting than simply having enough money to cover your bills.

You also need to make sure that you reduce the possibility for going overdrawn, by making sure that only essentials are paid for via direct debit, to use cash when shopping so that you don't forget that you have £x still to come out of your account for something you bought last week.

There are plenty of ways to stay within a budget, you just need to have the will to do it. You all seem to crack on that only the rich can balance their budget. This is not true, anyone can provided they follow the following:

1. Only use direct debits for utilities and other essentials.
2. Go PAYG on non essentials
3. Keep an amount of money to one side for emergencies.
4. Before buying luxury goods, think then think again if you really need it.
5. Use all the comparison websites for large purchases.
6. Use cash as much as possible so that you're not tempted to overspend. That 'must have' item is not so easy to buy when you have the actual wad of cash in your hand to pay for it!
7. Ensure you have adequate insurance for life's events.
8. Don't enter into any credit agreements or contracts (such as SKY or mobile phone), if you lose your job you stil have a commitment to these contracts/agreements.

Don't blame the banks for your own bad financial management.

The_Hallowed_Way

DMC65 wrote: »

People like you have no place in a fair society

Steady on, old chap.

alfieg40

I sincerely hope that people on this forum have not actually spent money they cannot afford on holidays and luxuries, like i have read, in the belief that they were going to get the charge monies back...

CLAUDE_BALLS

Well what a surprise, the banks have been let off the hook again!

If I was French I'd be cranking up the tractor now and making for Whitehall.

Vive la France:mad::mad::mad::mad::mad:

robpw2

neverdespairgirl wrote: »

You are seriously suggesting that all the members of the House of Lords who heard the matter were bribed in this case?

Toys back in pram, perhaps?

theyre not in the house of lords anymore
its now the supreme court

neverdespairgirl

crustieuk wrote: »

i am horrified by the decision, but surely we can still appeal to europe, lets face itm if the banks had lost they would have appealed again, come on guys dont let them win this easy there must be somethin that can be done.

The Court has said there are no issues to go to the ECJ, it's in the judgment.

northerner79

Handing down the unanimous ruling, Lord Phillips, president of the Supreme Court, said: "It may be open to the Office of Fair Trading to assess the charge under other criteria."

What does this exactly mean? Do we still have hope? Is it more hope that we have or confidence?

All must not be lost with Martin and the MSE team on the job!

LeGrandThommo

BankReclaimRebel wrote: »

This was the banks route, not the OFT's. They were forced down this route when they challenged the banks.

I think they will still look into this as they have already done so with the Credit Card industry.

It was the OFT that brought the case (see the OFT website for confirmation of this - the particulars of claims make this clear).

It's dead. Forget it BankReclaimRebel.