Current Account Charges - Why I have no sympathy

dchurch24

I am contradicting myself? Please elaborate.

You STILL haven't acknowledged the fact that an overdraft is a cushion, granted by the bank and NOT a right and most certainly not a right to go over your pre-defined overdraft limit and then moan and whinge about it.

I did not have an overdraft. As explained earlier, the bank refused my request for an overdraft do cover their charges, on the grounds that I had incurred too many charges.

[

Ok to shaft organisations. All for something you have allowed to happen.

How did I allow it to happen?

Also, these bank charges which you keep harping on about being illegal. They are NOT illegal. Theres just a loophole in the system which your telling everyone to cream.

For one thing you are correct, it is not ILLEGAL - it is unlawful. It is a civil matter. No party is allowed to profit from a breach of contract under English law. Simple fact. If you start a business and go to your solicitor and attempt to put penal clauses in, he will tell you the same. Why is it ok for the banks to fleece people?
It is not a loophole, any more than suing someone for trespass is a loophole. If they break the law, they must reap the 'rewards'. The banks have broken the law and now they are being made to account for it.

I HAVE agreed that an overdraft is a cushion. I have not ever claimed otherwise. Banks do not give out overdrafts willy-nilly. You are lucky enough that the bank have allowed you that cushion.

As for taking £1400. That's my overdraft allowance, well actually £1500 is my overdraft allowance, so your defying doesnt add up. I could take that kind of hit, using the overdraft cushion, which is why the overdraft is there in the first place.

So lucky you. That makes it ok for banks to break the law and penalise the less well off does it?

Thatcher really did this nation a very bad turn. Greed is everywhere.

I cannot grasp the idea of getting something for free at the expense of someone who can least afford it, and yet you all take the moral high ground, because I have brought the banks to order with regards to their unlawful activity.

Very odd.

I do believe your living in cloud cuckoo land if you believe that after saying you were charged so much in bank charges and could'nt cope.

I'M LIVING IN CLOUD COOKOO LAND!!

I had over 400 quid taken the first month - that's about 6 Direct Debits that didn't get paid (some get represented 2 days later).

I'm sorry, but it is you who is living in that land - I don't know many people that can withstand that amount taken from their budget in one hit and still go "oh, ok. It was all my own fault, despite the fact that I didn't get paid".

Astonishing.


...and a very short sighted and selfish view, if I may say so.

CopperPlate_2

dchurch24 wrote:

I am well aware of Godwin's Law, however, the last time a law was circumnavigated through public opinion resulted in WWII.

...and indeed, we're experiencing the same propaganda against the 'have-nots'.

It is indeed socialistic thinking - and a socialist society would not allow for this to have happened in the first place.

Capitilsm breeds greed - as can be proved by reading this thread. People want something for nothing. Surely "but many people will end up subsidising the !!!!less" is better than the poorest of society subsidising the wealthy.

That is tantamount to Fascism, which is considerably more damaging than socialism.

This is truly shocking, offensive and completely and utterly misplaced rubbish. Social engineering on another level. Well done - you are not helping the poorest in society as so many 'right on' campaigners think they are. You are compounding their misery in the long term. Yes, they might get 'jam today' in the form of a payback, but you can bet that it will be 'dripping tomorrow' as the industry moves to block off any other routes into their profits. All that has been done is potentially cause those under real hardship a degree of uncertainty about the financial future.

I am lost for words.

It appears that a rather unpleasant, money-grabbing style has been brought to this site.

dchurch24

...and therefore we should allow the very rich to fleece the very poor unlawfully forevery more.

Is that what you are saying, because it sounds just like that to me?

Plus, does anyone actually know anything about the proposed charging structure - no. Because they haven't announced it.

Pure propaganda - and you have all fallen for it.

There are many laws in place that will prevent a charge for all accounts - it simple scare tactics and an attempt to divide and conquer - and it's working.

No-one can defend the indifensible. It IS NOTE right that someone in this country has to sit with blankets around them and their two kids eating cereal for a fortnight while the banks fleece them some more.

No-one can possibly think that is ok, and I am absolutely astonished that you lot are attempting to do so.

It must be a wind-up because no-one is that black hearted.

Graham_Devon

dchurch24 wrote:

I did not have an overdraft. As explained earlier, the bank refused my request for an overdraft do cover their charges, on the grounds that I had incurred too many charges.

There it is then. The bank is actually stopping you from getting deeper into financial dificulties. Is that not a good thing? Again, if your that good with finance, you would have applied for an overdraft way before you hit th '0'.

If the banks just wanted profit, your a prime customer to lend to. I.e. make money from interest. Therefore, they were just protecting you.

You go on to say great for me, I have an overdraft. I just asked for it and got given it.

...and a very short sighted and selfish view, if I may say so.

I'm selfish?! :rotfl:

MPH80

No-one can defend the indifensible. It IS NOTE right that someone in this country has to sit with blankets around them and their two kids eating cereal for a fortnight while the banks fleece them some more.

You're correct - it's not right - which is why they have a way out:

If someone's in as much trouble as you make out DChurch - then, as demonstrated both here on DFW and the Fool's DWD - the person can simply go brankrupt.

The bank wouldn't be able to chase them for any further charges, all their debts would be reset to 0, they wouldn't have any assets taken away because if they are wrapped in blankets and eating cereal they don't have any, and if they have such a low income they can't afford to pay the charges, then they won't be paying anything to the OR.

M.

CopperPlate_2

dchurch24 wrote:

...and therefore we should allow the very rich to fleece the very poor unlawfully forevery more.

Is that what you are saying, because it sounds just like that to me?

Plus, does anyone actually know anything about the proposed charging structure - no. Because they haven't announced it.

Pure propaganda - and you have all fallen for it.

There are many laws in place that will prevent a charge for all accounts - it simple scare tactics and an attempt to divide and conquer - and it's working.

No-one can defend the indifensible. It IS NOTE right that someone in this country has to sit with blankets around them and their two kids eating cereal for a fortnight while the banks fleece them some more.

No-one can possibly think that is ok, and I am absolutely astonished that you lot are attempting to do so.

It must be a wind-up because no-one is that black hearted.

Get a grip. You think that the only reason people are sitting in cold houses with no food is because a bank has charged them for going overdrawn? You have obviously led a sheltered life. Get out and see the devastation that drugs cause, the devastation that having your house broken into and all your possession stolen causes, the devastation that having the main breadwinner dying causes, that cancer causes, that abuse causes, and you sit there at your computer - I take it in a warm house or flat somewhere - and type socialist, blinkered, one sided clap-trap.

It would be interesting to see how many Soup Kitchens you help out at, how many charities you actively support through time-sacrifice, how many homeless people you have stopped and spoken to at the roadside, how many drug addicts you've spoken to, how many hospices you've visited to see the elderly or infirm or dying. I don't wear my heart on my sleeve - I don't expect you to either, which is why I've asked all these things. I don't want, nor need, to know. Just in the same way that I and others here, don't need to have such blatant right-on, self-justifying propaganda rammed down our throats.

You may think you have made difference with your crusade against the banks, but don't flatter yourself. You have not made one single, long lasting contribution. In fact, it wouldn't be a surprise if it has made things worse for your hypothetical family with two kids.

Graham_Devon

dchurch24 wrote:

...and therefore we should allow the very rich to fleece the very poor unlawfully forevery more.

Is that what you are saying, because it sounds just like that to me?

Plus, does anyone actually know anything about the proposed charging structure - no. Because they haven't announced it.

Pure propaganda - and you have all fallen for it.

There are many laws in place that will prevent a charge for all accounts - it simple scare tactics and an attempt to divide and conquer - and it's working.

No-one can defend the indifensible. It IS NOTE right that someone in this country has to sit with blankets around them and their two kids eating cereal for a fortnight while the banks fleece them some more.

No-one can possibly think that is ok, and I am absolutely astonished that you lot are attempting to do so.

It must be a wind-up because no-one is that black hearted.

Your amusing me more and more!

So on your relatively high wage, you sitting in blankets eating cereal? And once again thats the banks fault.

Damn the bank has a lot to answer for!! I'm surprised you haven't torched the place yet!

What dont you blame the bank for?! Do you have responsibility for any of your life?!

Prosaic

The ethos of this site is moneysaving, and I'm all for that and indeed have made some great savings since I arrived.
I have noticed however that some here have moved this on to a quest to not pay for ANYTHING, and this site is sadly the world we now live in, in microcosm

Bank gives you an OD, which you are more than happy to use. Then rather than just use it, you ABUSE it, and bless my soul the bank say that should cost you. Seems perfectly fair and a great incentive not to screw up as far as I'm concerned

I have seen some people on these TV shows, filmed leafing through huge piles of bank statements, with a 'why me' look in their eyes. One woman was 80k in debt to the bank. 80k! Now that's a little more than a bounced DD or two, and I suspect ignorance & greed on her part is the cause of that. Of course the programme makers never address that and grill her over it. Better to show clips of the banks, while playing menacing music

The stock excuse is to say the big nasty banks made me want to borrow it. No doubt these are the same people who would be aghast if they were refused credit anywhere

It's all about wanting your cake & eating it

My theory is that there are very few people alive in this country now ( certainly nobody under the age of 60) who have ever know REAL hardship, as their parents did, where things really were scarce, and I'm not just talking about this years iPOD or HDTV

Weve become mollycoddled and this is a result. People behave like spoilt brats. Like Bart Simpson when he's caught being naughty:

"But, it wasn't me. It was...the banks! arrgh can I sue?"

These same 'adults' should start acting their age, accept responsibility for their irresponsible behaviour and maybe cut back on a few takeaways and get the OD cleared

rant over

Prosaic

Graham_Devon wrote:

So on your relatively high wage, you sitting in blankets eating cereal? And once again thats the banks fault.

You could always cut back and eat a blanket- it's warm out :rotfl:

Good to see the words 'blanket' and 'fleece' in the same sentence by dchurch...very droll

Graham_Devon

Prosaic wrote:

You could always cut back and eat a blanket- it's warm out :rotfl:

Good to see the words 'blanket' and 'fleece' in the same sentence by dchurch...very droll

Oh no!! Say hello to a new post... 'How to make a fortune from a blanket....

....Get yourself a mohair blanket and chew on it piece by piece until you start choking on the hair, then ring your GP, make sure its after 7pm so you can sue him for having to wait to be passed to an external agency (theres a loophole y'know!)...then wait for the ambulance and go to hospital. Once at hosital, pop a drawing pin on the chair and then take a seat on it...it may sting a little, but then sue for the drawing pin in your butt (remembering to get treatment off the NHS before sueing them). Then, with hairball removed, sue the blanket makers for the lack of instructions stating you should not chew this blanket for longer than 10 seconds. Then, sue the government for getting cold as blankets have been put out of production due to health and safety fears.