How will reclaiming bank charges impact banking discussion

vicky66

Sometimes it is through no fault of our own that we find ourselves in this position. I was left on my own with 2 children when my partner left. He left me with mortgage arrears which meant I had to sell my house or have it repossessed, he also left me with other debts. I am now nearly on my feet again 4 years down the line but would have got there alot quicker had it not been for bank charges. I do not buy what I want when I want and was left in this situation by someone else. Do you think charging me or anyone else nearly £400 in one month is fair?

borgbaiter

vicky66 wrote: »

Sometimes it is through no fault of our own that we find ourselves in this position. I was left on my own with 2 children when my partner left. He left me with mortgage arrears which meant I had to sell my house or have it repossessed, he also left me with other debts. I am now nearly on my feet again 4 years down the line but would have got there alot quicker had it not been for bank charges. I do not buy what I want when I want and was left in this situation by someone else. Do you think charging me or anyone else nearly £400 in one month is fair?

unfair bank charges become a spiral when anyone has a tight budget and its nothing to do with luxurys. it becomes impossible to get out of whenyou have bad credit and low income. we need a robin hood bank not a robber baron bank.

rjm2k1

borgbaiter wrote: »

we need a robin hood bank not a robber baron bank.

But banks are businesses, perhaps the level of charges is unfair, but they are under no obligation to hand out free cash no matter how hard up and deserving someone is. Perhaps they should be under an obligation to prevent people incurring such charges in the first place by not letting them have money which isn't theirs and they can't afford to pay back. Supporting people in these situations is the governments responsibility, not the banks.

BTW, Robin hood took from the rich to give to the poor, who are you suggesting the banks take money from to cover those who can't manage their finances (or whos finances are out of their control?), the ones who can?

dfc666

Don't get me wrong, vicky66, I have the utmost sympathy for someone in your circumstances. i.e. outwith their control, but I must ask,did you speak to your bank before everything bounced (as you must have been aware of it) or did you leave it too late until after they bounced?

Some responses, such as this are missing the point i made:- re educating people on how to run their finances properly and looking to the older generations and how they seemed to do it on very little money.

Diesel_Princess

I have received a judgement from the small claims court through moneyclaim, do I have to write to the bank and ask for the money or do they normally just pay up and if so how long do you normally wait before sending in the bailiffs.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>

jas65_2

some people live on the bread line, doing two or three jobs just to keep their head above water, sometimes there is still not enough money to pay the bills, inevitibly, these people will go overdrawn, so maybe it's time we stopped immigration coming in and forcing the wages down, whilst the cost of living is going up, and start paying descent wages, so that people don't have to go overdrawn, every job is as important as the other, but menial jobs are paid menial wages, and the banks feed off debtors. not the well off.

jas65_2

When you sign up to a Bank, they all have charges for going overdrawn, there is no opt out clause, so whether you aggree to them or not, if you want a Bank Account, you are made to aggree to the charges. You don't have a choice.
If the Banks make a mistake with your account, you don't get to charge them for messing things up, not without a lengthy battle anyway, you only get the choice of paying between £30 or £50 for going overdrawn, depending on which Bank you join.

IvanOpinion

jas65 wrote: »

but menial jobs are paid menial wages,

.. and in some cases even then they are being over paid

ivan

Graham_Devon

scottishtaffy wrote: »

if you bothered to read any of these threads then you would know that most people disagree with the ammount they charge not the charge its self! as for stopping d/d's thats all well said and done if you have a glass ball and know that your car will break down on xx date and you can prepare for it but in the real world ( not your fantasy perfect one ) we you dont know whats around the corner!!

What kind of excuse is that for not paying bills manually!?! :rotfl:

Graham_Devon

jas65 wrote: »

When you sign up to a Bank, they all have charges for going overdrawn, there is no opt out clause, so whether you aggree to them or not, if you want a Bank Account, you are made to aggree to the charges. You don't have a choice.
If the Banks make a mistake with your account, you don't get to charge them for messing things up, not without a lengthy battle anyway, you only get the choice of paying between £30 or £50 for going overdrawn, depending on which Bank you join.

Wrong. You can have a basic account. Something else which you all seem to not know about because no one tells you as it's something which can stop the charges.

But then no ones actually interested in that side of the discussion and what the consumer has to do to stop them are they!?