How will reclaiming bank charges impact banking discussion

lindilou39

sucking is better...and now ur implying she has false teef....do u have anymore implications for us ivan

Dragonlady_2

Right let's get a couple of things clear.

I am not on the defensive. Some people do not have access to other funding for whatever reason. I was flippantly citing my own position. Your remark comes across as being spiteful and hurtful, but a lot of people would not tell you this. it has the nah nee nah nah ring about it. Some people do not have your business accumen and a channel to these resources for whatever reason. I am trying to point this out to you.

I used myself as an example, perhaps I should have phrased my rhetorical question a bit better for you to understand it. You make all encompassing statements, without really thinking through the consequeneces.

Why suggest the use of credit cards with the charges they carry if the person cannot repay in full without being exposed to interest payments? Why suggest a loan, with the interest attached to that? This is the start of the downward spiral some people find themselves in. You are espousing the very thing people are trying to recover from..

I do take offence that you claim I am talking rubbish. have you sat next to a mother who has no other income, minimum education and two kids to feed, with a loan shark threatening dire consequences if she does not pay the next installment of a door step loan charges at 117% compound interest?. this is what I do in a voluntary capacity, so don't tell me I am talking nonsense. Ii have smelt the coffee from both sides of the fence and I am trying to do something practical about the problems people face daily. I certainly don't do it from your lofty perch.

I am not moaning, because I am not in the position you describe. I have substantial savings, I have my own home, my husband is employed, but is terminally ill.

I am fortunate enough to be able to earn my own income, but having suffered penalty charges and the domino effect until I was able to rectify the situation, I do know how people can feel vulnerable. i have also been fortunate enough to be able to help and work with people who are less able to have the things I have and from the sound of it what you have. Might I suggest a bit of humility on your part?

I come from a society, where if something is amiss with your banking the bank manager contacts you immediately.

I am now trying to help people who do not have the resources I have. You call it defensive, well someone has to be at times when dealing with the opinions and suggestions you are offering. Yes, I do agree with some of what you say, but definitely do not agree with everything, because some of it is just not practical for some at this time.

It is about education, it is about practical help and it certainly is about making the banks realise they can still have their cake and eat it too.

Perhaps you can spend some time with me at the Credit Union?

Dragonlady_2

PS: ANother useful piece of advice .. if you put your false teeth in you will not have to suck the eggs but can chew them instead

Ivan I find this very rude and not at all pithy. I am 63, have all my own teeth, do not wear glasses and certainly am not as rude as you appear to be.

The chill pill? of course, and what you say might be useful to the casual reader for future reference.

Actually I can show you how to move your money off shore and save even more from the tax man. Of course if it is your own money.
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IvanOpinion

lindilou39 wrote: »

sucking is better...and now ur implying she has false teef....do u have anymore implications for us ivan

:rotfl: :rotfl: I refuse to say what else are falsies

ivan

IvanOpinion

Dragonlady wrote: »

PS: ANother useful piece of advice .. if you put your false teeth in you will not have to suck the eggs but can chew them instead

Ivan I find this very rude and not at all pithy. I am 63, have all my own teeth, do not wear glasses and certainly am not as rude as you appear to be.

The chill pill? of course, and what you say might be useful to the casual reader for future reference.

Sense of humour melt down alert .. sense of humour melt down alert ... for goodness sake it is not meant to be rude (hence the smilie) .. you are taking things too personally .. NONE of this is meant personally .. it is a chat forum, I do not know you so how can it be personal ... for all I know you could be lying about being 63 years young and actually be a Kylie Minogue look-a-like at which point I would immediately agree with everything you had to say while drooling out of the corner of one side of my mouth

Actually I can show you how to move your money off shore and save even more from the tax man. Of course if it is your own money.

Check my signature .. I have just started working with off shoring

Ivan

IvanOpinion

Dragonlady wrote: »

... rubbish. have you sat next to a mother who has no other income, minimum education and two kids to feed, with a loan shark threatening dire consequences if she does not pay the next installment of a door step loan charges at 117% compound interest?. this is what I do in a voluntary capacity,

I know your post is to graham but, if you do not mind, me butting in on this point. On many of my posts you will see that I am concerned about the effect of the changes on those at the lower end of the market. What I am concerned, but can see little alternative, is that we move towards the American style of credit where you either have it or you do not. If you do not then you borrow from friends and relations and risk destroying their credit (as happened to an uncle of DWs) or we go back to the bad old days of loan sharks.

I am not convinced this is in the interests of those that are most likely to be affected.

Ivan

lindilou39

lol and yes and better than you....but I so like your humour lol

Dragonlady_2

IvanOpinion wrote: »

I know your post is to graham but, if you do not mind, me butting in on this point. On many of my posts you will see that I am concerned about the effect of the changes on those at the lower end of the market. What I am concerned, but can see little alternative, is that we move towards the American style of credit where you either have it or you do not. If you do not then you borrow from friends and relations and risk destroying their credit (as happened to an uncle of DWs) or we go back to the bad old days of loan sharks.

I am not convinced this is in the interests of those that are most likely to be affected.

Ivan

Ivan,

here I agree with you. I am an advocate of the Credit Union movement. I was surprised to find it is not as strong over here as it is in Ireland and back home. Nearly every workplace back home is affiliated with a credit union and membership is not limited to the employees and their families. The offices are set up in shopping centres (malls) so everyone has access to the facilities. Setting a credit union up over here takes time and has to meet the criteria set by the FSA. it can take up to four years to set one up in this country.

The credit union helps with budgeting, offering practical advice regarding debt and loans are made commensurate with ability to repay. They encourage people to save and do pay decent rate of interest and easy access to your own money.

I was horrified to find the English banking so archaic when I arrived here nine years ago. When I went search of a credit union is was like venturing into a desert.

We have to educate the children and we have to offer an alternative to the loan sharks and banks.

I have noticed your signature. Just be careful of the offshore tax laws. we do pay non-resident withholding tax but it is miniscule compared to what we would be paying in this country. We pay enough in income tax, council tax and the rest.

I can assure you I am 63, born in the last year of the second world war, sadly not a Kylie Minogue look alike, but have all my own bits and pieces and am able to stand up for myself if need be. My kids, grandkids and great grandkids love me. Couldn't have been a bad teacher, as I still have students I taught thirty years ago, still corresponding with me. Dragonlady? A junior doctor called me that in frustration and the name has stuck.

Graham_Devon

Dragon (apt name).

You really are taking the pee now and not seeing the full picture.

Those people you described are the very people reclaiming in the long run will hit the most. It's quite simple if you think about the full picture. I'm sure they will love charges of £120 a year.

And loans are cheaper than tens of charges btw. Thought you would recognise that too, but no.

Dragonlady_2

Graham,

I can see the full picture and I assure you I am not taking the P.....

I am advocating self help and education to better financial management, but at the same time trying to get others who are more fortunate to see the other side of the picture instead of telling people, you are the author of your own demise.