MSE News: Bank charges: banks win test case appeal

Jamez1988

The_White_Horse wrote: »

not really. i wouldn't have expected the supreme court to consist of a load of ignorant chavs with massive debts.

Who the HELL do you think you are?

What a discriminatory thing to say you ****

I am not a chav nor am I ignorant. Most people my age these days have a mountain of debt if we want to go to University and we are pretty well educated so don't be so damn ignorant yourself.

dirtydavey

The_White_Horse wrote: »

if you have no money to pay DD then you have no money. better to not pay them, than not pay them from bank account and be hit with yet another charge.

the problem is, people are generally stupid. you don't have to pay gas or elec by DD. cancel the DD and stop getting bank charges. I would expect a 4 yr old to work that out!!

Dont call be stupid!

Stoping DD does not fix the problem. Once you are in the situation of having £150 in fees every month, you cant not pay them. But your buget is for your pay! So you have your pay - £150. You are sugesting that what, I should not pay my elec, or gas?

Stooping my DD's would fix notjing, I would still have to pay the gas compnay etc, just with cash or debit card. I would still go over.

Well done you! For not having any problems! Little celever boy you! Have a cookie!

Stephenbw

CLAUDE_BALLS wrote: »

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:

Get your facts right.

Penalties for a bounced cheque or unauthorised overdrafts can be damaging to your aims of buying property or doing anything else financial in France. Cheques will no longer be honoured and high charges will be made to your account, which can make the problem even worse. If you do not resolve the problem to the bank's satisfaction or get into trouble again, then you are in danger of becoming an Interdit Bancaire, which means you will not be allowed to carry a cheque book and your name is put on a banking blacklist for three to five years. You will not be able to solve this problem just by changing banks, as all the banks have access to this blacklist.

Vive La France :T :T :T :T :T

raider

Harry_Powell wrote: »

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.

This is all very good advice Harry Powell, especially about paying for shopping with cash.

I'm sure it will go over most people's heads on here though.

thisisajoke

I'm seething over this and all you complete numpties who keep goin on about 'never having charges so why should I pay' YOU COMPLETE MUGS DONT YOU GET IT?

It's not just about the money it's about the power not to be SHAT ON by big brother - it's about taking a little back and showing the powers that be who's really in charge - well we got told didn't we - thanks Bankers, thanks Gov - we know where we stand now don't we - what's the point in working? the taxes get abused to buy duck houses - the banks can flog us like medievil landlords - here we are in 2009 seriously facing a return to Victorian living standards and rights thanks to this judgement by the men who no doubt had a vested interest in the final decision - THIS IS CRAP - what's next? a return to the empire? ARRRRRRRRRRRRRRRRRRRRRRRR!

:mad:

robpw2

craigf136 wrote: »

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.

i always wanted to be a muppet

lord robert pirie-warsop xx

Stephenbw

Felicity101 wrote: »

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?

Then the company is liable for any charges you incur as a result of their error.

philatio

Point proved again.
People just don't get it.

The bank doesn't pay the DD because you HAVEN'T GOT THE MONEY.
It's not the banks fault that YOU are spending money (via a DD) that you DO NOT HAVE.

robpw2 wrote: »

ah but you have not spent money in the case of failed direct debits

if the bank paid my direct debit then charged me £35 then i wouldnt mind because it would be like a short term loan

but they dont they dont pay anything and get £35 odd for the priiveledge of doing absloutely nothing

LeGrandThommo

DaveO wrote: »

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

But it's not the banks' fault either is it DaveO? It isn't a public service and they have to make profits from somewhere.

An arranged overdraft is designed for unforeseen circumstances, not for you to spend more money. If you go into an unauthorised overdraft, you only have yourself to blame (I have done it and accept it is my fault!).

The charges are set at a rate to discourage people from using unauthorised overdrafts and for the banks to make some money if they do. The alternative is for more fees for things like writing cheques and direct debit fees. Surely this isn't fair to those who avoid unauthorised overdraft charges? It isn't a fine, it is the price of a service (please see today's judgment for further details).

superdood

The_White_Horse wrote: »

not really. i wouldn't have expected the supreme court to consist of a load of ignorant chavs with massive debts.

Oh my life, what an ignorant chav type of thing to say :rotfl: