MSE News: Bank charges: banks win test case appeal

EAB2

DMC65 wrote: »

People like you have no place in a fair society

What about people without an overdraught facility that are charged for unpaid direct debits. Why charge somebody £30 - £40 for no service? that is a penalty charge.

God help you and folk like you should you fall upon any hardship in your life, like illness or redundancy, because the will feast upon you like vultures, and the have just been given permission by the highest court in the land.

Whilst I sympathise wholeheartedly with people in that position, it does not make sense to punish the majority of people that run their accounts properly. This is one of the reasons this country has gone down the dumper in the last few years, because people have lost all sense of personal responsibility.

In America you are charged every time you use a cash point. Losing £1 or more every time you use the bank adds up to hundreds of pounds in charges just for using cashpoints over a year. That's what would happen if banks were not allowed to punish people that abused their accounts. Is that what you'd like to see here?

I thought not.

lauraloo111

berkshirelady wrote: »

well, hello to the smug people who are posting on here and lecturing the rest of us. I'm soooo profligate with my money, last night (as usual) I went on a 'yellow label use by same day' bargain hunt in my local Co-op and got 3 packs of sausages (were £2.59 a pack) for the princely sum of 20p a pack. I had planned to cook them up in to a sausage casserole to last me for the rest of the week.

However, I now think it would be well worth the 60p I spent to force feed them, uncooked, to Lord Phillips, and then tell him I could force feed him another 172 packs of sausages if I hadn't been charged £35 AGAIN by Lloyds.

Exactly the point that £35 may be nothing to some, but a great deal to others. I totally agree!

superdood

Tom1234 wrote: »

Ignore the trolls on here guys. 99% of them probably have never known what it's actually like to be in a difficult financial situation through either inexperience or circumstances outside of your control.

Personally, I wasn't counting on getting charges back - I hadn't even put in a claim. The debts I incurred while putting myself through university were my responsibility to deal with, and deal with them I am.

That doesn't however give some compassionless idiot the right to laugh at people who are in serious financial trouble and have come to this site for help and advice.

To those posting about 'you shouldn't get into an overdraft', or 'just don't get charged then' you should be ashamed of yourselves. What on earth gives you the right to mock and belittle others. I've reported your posts as abuse, and I encourage others to do the same. I find your posts offensive, and as such they breach the forum rules.

I second this, I am aware that people are entitled to their opinions but some things written are very upsetting....if you're here just to gloat, go get a life, seriously. This is supposed to be a discussion about this mornings announcement, whatever side of the fence you're on, not a place to attack people who have for whatever reason gone overdrawn.....shame on you.

Quiet_One

I wonder if the fact that now the governamet owns most banks - influenced the judgement...!

I think a staged protest is needed members of the public gather outside all the main banks and protest at these bank charges and how we the public (who actually bailed out and paid for these banks to survive) are being treated unjust!!!

Very very dissapointed at this judgement!

The_Hallowed_Way

alex_read wrote: »

So the PM pledges support to MSE for the bank charges and the next thing we know the supreme court rules in favour of the banks? Another great plan & win by the dictatorship which has become the UK since '97. Now if only we'd have all seen a fraction of that money which'd changed hands... :c(

Eh? Surely that shows the independence of the judiciary? Where's the dictatorship?

DMC65

The_Hallowed_Way wrote: »

Steady on, old chap.

Maybe a bit strong, but I cannot accept these people with an "I'm alright jack" attitude. That is exactly the same stance as the bankers who screwed the economy.

Banks are creating false debt, this in turn spirals out of control very easily.
If you are charged for an overdraught, then at least you have been charged for a service. I would like someone to tell me what service has been supplied when a direct debit has been refused.

Felicity101

simonp wrote: »

I'm obviously in the minority here but I'm glad of this decision.

No-one will win - if the banks lost they would just end free banking and we'd ALL have to pay for it.

As someone who hasn't paid a bank charge since being at uni in the 90's, I'm more than happy with my bank

If you go overdrawn without permission, you pay the fine! Simple!

Sorry - don't shout at me! I'm a big Martin Lewis fan but have always been

against this campaign.

Yes, I understand that but sometimes things happen that are outside your control. For instance, when the company you work for screws up and doesn't pay your salary on time - then what? Your direct debits and standing orders still have to be paid, so does the rent and every day you get hit with a huge 30 quid bank charge. It just makes things ten times worse. I don't mind paying reasonable charges (even though it was my company's fault, not mine) but the ones I've been paying are just excessive.

I wish I could be as smug as you but I'm not perfect and I feel for other people. You obviously don't.

ailsajayne29

The_White_Horse wrote: »

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.

Could you please tell me how i am supposed to insure my car i need for work, pay my rent, pay my council tax and utility bills if i ''cancel all my dd's and close account''

Also seeing as i dont have people i could borrow money off where i am supposed to magic up £30 to cover a charge? esp as i have no spare cash, i need to eat and have a roof over my head..... but seriously with attitudes like this i wish i had just not found another job and gone on the dole and got a council house instead of working hard to try and keep up with everything? have you ever tried to cancel a contract because you were made redundant and have no money to pay? do you know what happens? they ignore you until they decide to send a debt agency after you and you sitll have to find the money to repay it.... No one single charge will not spiral into thousands... as long as thats all it is..... when its several charges onto of change of circumstances if you already have no spare money then yes it does spiral....

How many times are we going to have to keep justifying ourselves on this thread? could someone start a thread for those who are happy with the ruling to gloat? I dont want to have to read the smug responses of those who have never had money problems on here anymore but i would like to know the latest and have a sensible thread about what else we can do about this.......

DaveO

LeGrandThommo wrote: »

If your employer pays you late, your are entitled to claim any charges from your employer. It is hardly the bank's fault (unless you work for that bank of course!)

And of course that is easy to do and guaranteed to happen. Don't be so naive.

You are quite right its not the banks fault but it isn't the fault of the customer either and late payment of wages is just one example of unforeseen circumstances that could send someone on a low income who is normally in the black overdrawn.

I am sure if you put your mind too it you could think of some for yourself.

The fact is the charges are clearly set at an unfair level to anyone with a reasonable grasp of what charging a fair rate is all about. So even if people are not the victim of unforeseen circumstances the amount they get charged is unfair. Banks are not the law and if they want to "fine" people for going overdrawn, take them to court. I am sure the Banks would win!

Dave

craigf136

Said it once, said it a thousand times.

Bankers are muppets
Politicians are muppets
Lords are muppets
Lairds are muppets and the list goes on.


Us measly consumers are the $h!t on there shoes & will always be trod over. It's the way it is and the way it will always be, we may win some battles but in essence the war will always be won by these muppets.