MSE News: CONFIRMED - OFT gives up bank charges battle

orc_2

gobbo wrote: »

no we are the ones speaking on the side of reason and resposibility not the everything now and sod the consequences brigade

Is that the royal we?

Who exactly are you speaking on behalf of?

Do you understand debt?

Do you understand how the banks make money out of it?

Do you have the ability to provide answers to my questions?

gobbo

chris1huk wrote: »

I think it's unfair for people to judge me and others without knowing our situations..
This forum is about reclaiming bank charges.. whats the point of coming here if you are only going to try to wind people up?

Surely that would be like me joining an x factor forum and saying how rubbish it is etc.. theres no point to it

A good post by dunstonh there.. offering good points.. although he isnt for the reclaiming, he isn't judging anyone.

put some money away in good times to use in bad times , don't expect others to pay for your lack of foresight

mark55man

I think we probably agree - you were noting the "banks are innocent"/"debtors are stupid" tone that came across from OP. I was noting the "we were misled" "its not our fault" tone that following posters seemed to make.

the truth is somewhere in the middle we weren't all stupid/reckless, but equally some of us were entrapped/enticed

happy MSE xmas

oldwiring

dunstonh wrote: »

Someone abusing the account will be in debt. The account cannot be closed whilst its in debt. A badly run account like that would be closed if it returned to credit..

Yes, the 31 day letter once the account was back in order: no further credits, payments only to extent of cleared funds, and closing cheque to be sent at end of notice period.
But sometimes that was never going to happen and cost and hassle wise it was least worst to seek recovery another way.

gobbo

orc wrote: »

Can you please provide the research or facts that you base this "statement" on.

Sorry, but you are totally and utterly wrong on that- the statement is complete and utter nonsense.

its you that is wrong , the statement poor people don't pay bank charges is generally correct as they have accounts like solo and electron that don't let you overdraw so therefore no charges , its the ones who take the mickey that get charges

discoass

gobbo wrote: »

put some money away in good times to use in bad times , don't expect others to pay for your lack of foresight

If only life was that simple for some people :rolleyes:
Dont expect others to pay for free banking :beer:

gobbo

discoass wrote: »

you`ve never fallen victim then ?

yes a couple of times and charge was refunded on 1st request to branch , my point was that 29p overdrawn is rare , its usually hundreds

gobbo

discoass wrote: »

If only life was that simple for some people :rolleyes:
Dont expect others to pay for free banking :beer:

Don't expect people who manage their finances properly to subsidise those who can't be bothered and have to have everything now regardless of what they can afford

discoass

gobbo wrote: »

yes a couple of times and charge was refunded on 1st request to branch , my point was that 29p overdrawn is rare , its usually hundreds

but if you went 29p overdrawn again the next monthyou wouldnt get it back

discoass

gobbo wrote: »

Don't expect people who manage their finances properly to subsidise those who can't be bothered and have to have everything now regardless of what they can afford

and what exactly are you subsidising ?