MSE News: Bank charges: banks win test case appeal

Miguel1979

technodup wrote: »

Hardship doesn't apply if you have a steady income (albeit reduced). You are not in hardship. Takes some !!!!ing ownership. Reduce your outgoings. Downsize your house- you clearly couldn't afford the one you're in now...

And I downsize a 1 bedroom house - how?!!

How can I reduce my outgoings? My mortgage, council tax, fuel bills, commuting costs etc are all fixed! I have cut back wherever possible, but there are some costs that are beyond my control!

biz.fletcher

what a surprise??? lets take the banks on, lets take them to court, all 1 miliion of us all at the same time, this would severely clog up the judicial system and lead to some sort of govt intervention , the banks could never turn up to all the cases, it would cost them a fortune and not be viable, from their point of view they would have to spend millions to fight each case where as it would be cheaper to refund the charges.
Lets all go to court flood the system!!!! :T:T:beer:

lauraloo111

technodup wrote: »

Hardship doesn't apply if you have a steady income (albeit reduced). You are not in hardship. Takes some !!!!ing ownership. Reduce your outgoings. Downsize your house- you clearly couldn't afford the one you're in now...

So you are suggesting that she sells a house, that prob isnt worth as much as it should be? Get real things arent as simple as that!!

Lurking_Lawyer

BR54 wrote: »

S5 of the UTCCR is the way to go forward IMHO

Fair point - and I think one of the Justices did actually make passing reference to there potentially being other avenues of challenge. I should have made clear that I was talking about whether this particular point of law can be appealed further (which it can't) as opposed to whether the OFT has other means to challenge the banks.

Probably more likely than a second set of very lengthy proceedings, which may well go all the way to the Supreme Court again, is for the government to legislate on the point.

Of course, that won't help those with historic claims. And it is surely a moot point as to whether there is legislative time to do so before a general election next May....

KimYeovil

bluekaw wrote: »

Just goes to show, the real people of this country don't count for anything we ghet done over time after time, and here is another case, we the people show decide the laws of the land, but no a few people with to much money decide for the few, as long as they've the big country home and fancy cars etc, the don't care about the working person, who support the country and keep things going,

when are we going to get a goverment with some back bone, and do what the majority of the country wants,

what a **** take this all is

Rubbish. (As are (probably) countless posts in between.)

Another vote for this being a good thing.

This is a triumph for the working person and the poor. It is a blow to the rich.

This is good news. Tax the stupid and the greedy. It's not rocket science knowing how to use an overdraft and a bank account.

Babbler

IF the banks HADNT won - we all would have lost - we may still do. As they will have started charging monthly fees for direct debits and for every withdrawl you make from a cash machine. For every transfer you make. For every cheque you cash. For anything banking related. They would need to regain the money elsewhere to top up their inflated bonuses.

Halifax has done this already by charging £2 (?) per day for overdraft.

The charges are OVER PRICED, agreed (£20 to print off a letter for e.g.), but charges are needed or a lot of people would just go manically overdrawn and never pay it back.

pingchris

been to halifax cut up my cards and told them to stick it where the sun dont shine..............closed my accounts i want nothing to do with them.:mad:

and as for u idiots who say its a good ruling then you are so narrow minded,now you will get screwed,the banks have proven they can do anything they wish,including taking your money,theft

partizan

What a victory for common sense and a lucky escape for the majority who already pay enough for those who do not, or cannot, behave in an appropriate way.

People should have understood when they signed up what the fees where and if they did not read or understand that is their problem.

People should make plans for emergencies so if they lose their job they have something to fall back on. I have had a baby and my wife has lost her job this year but because we have planned for all contingencies we are fine.

If they do not and they spend someone else's money (the banks) they should pay up.

If we keep on hitting the banks we may all get a few quid back but a source of massive employment in this country and, because most of our pension funds are invested in shares, ALL OUR FUTURE PENSIONS will be put at risk.

I am sick of this something for nothing country and have nothing but praise for the Supreme Court. I will be taking advantage of Martin's half price champagne offer to celebrate.

PartylitePrincess

Eggyplop wrote: »

I am so upset :-( I needed that money ( as im sure you all did) this is completely unfair.
Im so shocked!

I can't believe the outcome. I was hoping to recover somewhere in the region of £1,500 from Natwest and am absolutely gutted.

The only reason I got in this mess with charges is because I was unable to return to work as planned after my daughter was born because of unexpected health issues and the bank wouldn't do anything to help.

I feel cheated.

So what happens now? Is there anything we can do?

PadiP

pleb wrote: »

I cant believe everyone has a problem with this. I mean this is the UK, the finest country in the world isnt it?

Correct me if I'm wrong but we do have the finest independant legal system in the world dont we? Totally free of any outside influence with judgements based only on "justice for all", not looking after the ruling classes and the status quo.

Dont we also have the finest minds running our banking system? Constantly busy ensuring our money is safely and effectively invested on our behalf, they havnt let us down yet people!

And we have the finest politicians too, time after time they have showed us the true meaning of public service. With our representatives keeping a watchfull eye on the situation we can be sure the poorest in this country wont be taken advantage of!

Why the very idea that there could be a ruling class in this country is preposterous. I hardly think that the British people would put up with the existence of a club of people who went to the same universities all getting together behind the scenes and doing each other favours.

Pah.. I think you should all show some respect to our betters, lawyers, politicians and bankers and stop making such a fuss. You do realise how much added work it means for them dont you?
Have any of you tried milking an entire country?
No?
I thought not.

(My first post here, too sarcastic?)

No, just wonderfully ironic