Bank Charges - Banks Win!

never-in-doubt

Inactive wrote: »

I don't, I respect and admire your prudence and honesty with money matters.

Dya reckon she is hot? :rotfl::rotfl:

Inactive

never-in-doubt wrote: »

Dya reckon she is hot? :rotfl::rotfl:

I dare not go down that road NID.. :rotfl:

jem16

never-in-doubt wrote: »

Great! Bully for your son, he's been charged a first time buyer rate! My fixed rate that just expired in October was 2.49% but now the variable is only 1.99 i'm actually about the same..... I also have a guarantee to go back onto a fixed rate at 3% before May next year.....

Before you jump down my throat stop and think.

4.99% was the going rate for 5 year fixed products when he applied for the mortgage in August. 3 year fixed rates were less as were 2 year but he wanted 5 year for the security - no point in coming out of a fixed rate just as rates are rising.

Your son must be amazing to get a non standard product

Co-Op's 5 year fixed rates with a 25% deposit is 5.49% (http://www.co-operativebank.co.uk/servlet/Satellite/1193206372574,CFSweb/Page/Bank-Mortgages?WT.svl=copy)

Strangely enough that's what is available now. When he applied in August it was 4.99% - the rate was pulled around 10 days after he applied becuase it was so good.

Go to the Mortgage board and you will find the thread. Sorry to disappoint you though.

PROLIANT

Inactive wrote: »

I don't, I respect and admire your prudence and honesty with money matters.

I second Inactive on this one.

Lokolo

never-in-doubt wrote: »

Dya reckon she is hot? :rotfl::rotfl:

HA. I am hot. But I am male.... so....

cifpower

Lloyds to ask local courts to dismiss overdraft cases


http://news.bbc.co.uk/1/hi/business/8382289.stm

Reggie256

oscar52 wrote: »

I have just read this thread from start to finish and cant believe some of the rubbish on here. Im not going to bother going back and quoting passages, so will just list my points (as I remember them)

1) to the "holier than thou" brigade - Most people didnt get into difficulties to to ineptitude, but through misfortune. Would you laugh at someone that fell of a ladder and broke their leg (and state "well I wouldnt have gone up it in the first place) or get them help?

2) most people start working life wit no debt? - I can think of MILLIONS (and introduce you to severl hundred) graduates who would disagree with you. And if you have never been to uni, dont even go into "why not get a job as well"

3) "I was clever and got insurance" - most insurance isnt woth the paper its written on FACT, and this comes from me working for the largest credit card provider in the country FACT

4) "get a loan or overdraft" - this isnt really worthy of a response - you clearly dont understand anything - thats what got a lot of people in trouble in the first place!

5) "I can live of £500 a month" - including rent / mortgage, fuel bills, food, travel to work etc etc - codswalllop

6) if the supreme (not really a deserving title) court can overrule the FSA, FOS, OFT and every other regulatory body, whats the point in having these bodies in the first place?

And lastly, and again a point to the holier than thou who "manage" their finances properly (and this is not a dig), perhaps you would like to comment on the other news today of how the Cheif Execs, CEO's (whatever title they use) previously went cap in hand to a bloke called Mervyn for several BILLION pounds, what for ut "beacuse they didnt manage their accounts (or rather other peoples) properly.

(and I am fully aware of all spelling mistakes in here, but its what comes of typing quickly)

Best post in this thread!!

Inactive

Lokolo wrote: »

HA. I am hot. But I am male.... so....

That has slowed NID down a bit I suspect.;)

bendix

oscar52 wrote: »

You have obviously never faced an emergency situation or come from a wealthy family where "money is no object"

On the contrary. I come from a very poor working class background and I'm incredibly proud of the fact that my dad instilled into me the notion that if you can't afford something, you shouldn't have it.

We lived hand to mouth, but during all that time he always managed to live within his means and the idea of going overdrawn would have been horrific to him.

But that was 20 years ago. Our national culture now sees banks as a source of money, even if they have none in their account.

bendix

oscar52 wrote: »

I tried that a few years ago when I realised there wasnt enough to cover a DD. The bank said they couldnt increase my overdraft by £50. They also said they couldnt stop the DD as it was too late. The DD took, and the bank charged me £90 in total - eventually increasing my (now unauthorised) overdraft by £110.

Could the bank have helped me - Probably. Did they want to - No.

Am sure other people have examples, so its not really worth the "well off" on this board bleating "ask for help" - in most cases it clealry falls on deaf ears.

Why should they automatically extend your overdraft, simply because you ask. An overdraft is a privilege, not a right. If you can't manage your own finances, it's not the bank's fault. It's yours. An unfashionable concept these days, I know, but true nonetheless.