protest march

finlander

Why are you having this ridiculous arguement with these people.

They are winding you up and achieving nothing.

The point is this. The banks won on a narrow point of law. however the 5 most senior legal minds in england suggested we try a new route. ok.

At the same time their own lawyers..flushed with success or maybe a guilty mind suggested a competion enquiry would have been better.

Lord Falconer admitted on question time that ' this is what you get with a banking cartel' (incidently a criminal offence since 2002)

So a three new routes........ and an indication to go for it.

We will thank you very much.

those who think that this decision was the end are the ones who are deceiving themselves. If they think this judgement was a success then I can understand why they needed the taxman to bail out their companies.

The days of 'free banking' on the backs of those least able to afford it are well and truely numbered. The lights must be burning late at Canary Wharf.

As the old saying goes...

'in order for you to win you have to successful everytime. We only need to be successful once...'

pelirocco

mr.brightside87 wrote: »

So if they take money a week earlier and I'm not expecting it, it's my fault?

The fact that NO MONEY goes from the bank and the bank doesn't even pay for the DD equates to theft.

Then when I question it, the bank refuses to do anything, takes my card and sends me no notification... That's my fault is it?

Then you get the high charges which you can't pay back... £35 for something that is £2 at the most is awfully steep. If they act as a deterrent, that is indeed a penalty and I think that's one of the things the OFT were trying to prove...

There are several reasons for going into debt. I have just listed 2 of them!

The majority of bank charges come from unpaid DD's which has a domino effect on the next month... And the next month... And the next month until you are up to your eyeballs in debt. If this is the case then why do the banks have a system that allows companies to try and take direct debits out when there is no money?

It all boils down to a never ending cycle of income. Unethical and unjust.

Like I said, if a roofer did a job and paid 7 times as much, you would brand him a cowboy. Why is this any different from what the banks are doing? Answer me in full! I just think you are ashamed to admit that you are wrong to someone who knows what he is talking about and doesn't swear or insult every other letter.

The banks dont take out the DD's its the companies you have set them upwith .Odd because I have never had a DD taken 1 week early ,even on business accounts where i have loads of DD's

pelirocco

pingchris wrote: »

because i didnt have any money to put in,financial difficulties tend to leave you with not enough money !

Then you have spent too much , you need to budget more then pne mpnth in advance tbh

oldwiring

as0ta wrote: »

Oh, but if only it was as easy as that. :rolleyes:

How many people do you know that budget for everything? Not many? You may be surprised to know there are people that do. Yes, there wouldn't be any charges if there were funds when the d/ds go out [things don't always run smoothly] but charging up to £35 at a time only contributes to their debt.

pelirocco wrote: »

Then you have spent too much , you need to budget more then one month in advance tbh

It’s good to hear that many do budget, but the lack of response in
http://forums.moneysavingexpert.com/showthread.html?t=2107817&highlight=
might make one think that those who need to, don’t want to.

pelirocco wrote: »

The banks dont take out the DD's its the companies you have set them up with .Odd because I have never had a DD taken 1 week early ,even on business accounts where i have loads of DD's

Yes, stuff happens and maybe banks should be more understanding on the odd time a DD originator makes an error, but OTOH they have incurred costs not through their fault. Why should they: is it not for the originator to accept the charge for its wrongdoing? Also perhaps pingchris might tell us if the originator has boobed before, as had it, I would be more disinclined to make a withdrawal of a fee. For one accepts responsibility one does business with.

slim_shady123

ok here is what is interesting about the banks when you go over your overdraft you make a unauthorised payment or so it seems well in every letter or scrap of info given by the banks say you could arange an overdraft so as to not be in the possision of going into your overdraft then they say they wont up your limit is this not a contradiction of what they can and cant do for you so they can charge lol? why bother telling you this message if they cant offer you the service ?

pingchris

pelirocco wrote: »

Then you have spent too much , you need to budget more then pne mpnth in advance tbh

lol are you kidding,how can you budget properly for anything in a world full of stealth tax,spiralling costs and rogue banks taking £39.00 from a wage packet,banks think mistakenly that we need them absolutely,well we dont need them at all,they need us,and thats where the banks have made a fatal error(in my opinion).

pingchris

the speech below reminds me of the bank charges test case result in the supreme court,(we are england),(the banks are norway.)


This speech is a direct reference to Norwegian sports commentator Bjørge Lillelien who made British headlines, when in 1981, Norway beat England during the 1982 World Cup qualifiers and he gave the following emotional response: "[In Norwegian] We are the best in the world! We are the best in the world! We have beaten England 2-1 at football! It is totally incredible! We have beaten England! England, home of giants: Looooord Nelson, Looooord Beaverbrook, Sir Winston Churchill, Anthony Eden, Clement Attlee, Henry Cooper, Lady Diana. We have beaten them all, we have beaten them all! [In English] Maggie Thatcher, can you hear me? [In Norwegian] Maggie Thatcher, I have a message to you during the election: We have beaten England out of the World Championship in football! Maggie Thatcher, as they say in your language in the boxing-bars around Madison Square Garden: [in English] Your boys took a hell of a beating! Your boys took a hell of a beating!" However, despite the loss, England continued on to qualify for the World Cup finals, while Norway did not.

oldwiring

pingchris wrote: »

lol are you kidding,how can you budget properly for anything in a world full of stealth tax,spiralling costs and rogue banks taking £39.00 from a wage packet.....

So then, do you think with that "how can you phrase" that most folks are like claimers?
I guess there must be something interesting in your data. Yes some do struggle but ISTM that the majority "cut their garments according to the cloth available", as the old saw says.

natweststaffmember

Yes but England Lost at Full Time. We haven't yet got there. The banks are currently 1-0 up and the manager is in the dressing room of the consumers giving them a pep talk about keeping their heads up.

ILW

pingchris wrote: »

you said my comments were clear as mud,your comments are the same.i did not ask the bank to debit my account with funds,and also they did not credit my account with funds ,that is ludicrous your argument is completely flawed

Still cannot understand your point. By setting up the direct debit, you authorised someone to take funds from your account. It is then your responsibility to make sure you either have the funds available, or cancel the DD. What is so complicated about that?