obtaining credit - insanity

The_White_Horse

I have an agreed overdraft with First Direct. Due to lots of movements of monies, I went over my agreed limit last month twice by £4.00 and 37p. This resulted in a £25 fee being incurred - which I was not happy about.

Therefore, as the movements will be continuing for the next few months at least, I thought I would increase my buffer zone by a hundred quid or so - to avoid any other fees being incurred.

You would think I asked them for a 500k mortgage, not 100 quid. Its insanity. they wanted to have a 15 minute interview - after 4 minutes I told them to f**k off - and that this was overly excessive for an additional 100 quid overdraft facility.

I have never ever come across this lunacy before.

If this is a sign of things to come, then the housing market will plummet.

I am actually shocked by it. I bet it costs the bank more in man hours and admin to arrange the stupid thing than the loan is worth!!!

StevieJ

The_White_Horse wrote: »

I am actually shocked by it. I bet it costs the bank more in man hours and admin to arrange the stupid thing than the loan is worth!!!

Not really, they are calling you in to attempt to sell you some crap financial product or another.

Thrugelmir

The_White_Horse wrote: »

Its insanity. they wanted to have a 15 minute interview - after 4 minutes I told them to f**k off - and that this was overly excessive for an additional 100 quid overdraft facility.

And your point is?

Suggest you bank elsewhere if you don't like the terms of business on offer.

Nikel

They probably wanted to sell you more expensive loans or some such. I once arranged an overdraft with HSBC and they pestered me about getting a credit card during the interview.

The_White_Horse

Thrugelmir wrote: »

And your point is?

Suggest you bank elsewhere if you don't like the terms of business on offer.

My point is obvious. Do you not understand what my point is?

Is it your point that you cannot complain about any product or service - you must simply just shop elsewhere? That is rather foolish.

I bet you work in the public sector.

Orpheo

So... You took somebody else's money, without asking, twice, in spite of, I assume, understanding the terms and conditions of the overdraft facility and you don't like the consequences?

Maybe you should aim to spend less than you earn?

shortchanged_2

The_White_Horse wrote: »

My point is obvious. Do you not understand what my point is?

Is it your point that you cannot complain about any product or service - you must simply just shop elsewhere? That is rather foolish.

I bet you work in the public sector.

You've sort of shot yourself in the foot with that comment White Horse seeing as you're ranting about the service you have received from someone from your beloved private sector.

Orpheo

shortchanged wrote: »

You've sort of shot yourself in the foot with that comment White Horse seeing as your ranting about the service you have received from someone from your beloved private sector.

Wait. The banks are private sector?

Wheezy_2

The_White_Horse wrote: »

Do you not understand what my point is?

Is it your point that you cannot complain about any product or service - you must simply just shop elsewhere? That is rather foolish.

You agree to their T&C's or you go elsewhere. Maybe you just should leave a bit extra cash in your account as a buffer.
If you can't afford that, you call them back and sit through the interview again.

The_White_Horse wrote: »

I bet you work in the public sector.

Maybe he works in your bank

Thrugelmir

The_White_Horse wrote: »

My point is obvious. Do you not understand what my point is?

Is it your point that you cannot complain about any product or service - you must simply just shop elsewhere? That is rather foolish.

I bet you work in the public sector.

No, never worked in the the public sector. That was very a presumptious comment.

Not sure what grounds you have to complain. You **** up originally. Then haven't the patience to resolve the issue.

Jowo_2

An overdraft to an overdraft? An alternative is you putting an extra £100 into your account to act as a buffer...?