Building Society at fault?

ALIBOBSY

Banks don't give advice, the person you spoke to wasn't an advisor they are salemen/women and all they ant to do is sell you a new product. TBH they don't give a stuff if its the best option for you or not.

The fact is getting the loan to clear credit cards often means people then continue to spend on the cards. Now for many years the banks actively encouraged this kind of action to draw customer more and more in debt. Look on this as a blessing in disguise, the bank is finally exercising some care towards you. Get over to the debt boards and get advice on reducing spending, maxing income and how to snowball the debt payments. Stop all card spending and priorising bringing down those overdrafts and clearing them one by one.

The best day of our lives was the day we paid of the overdraft. Never had one since and don't want one. The banks keep trying to get us to have a small "safety net" but its just a way of enticing you to spend and earn them more.

Start seeing the banks and big companies as the enemy, they see you as a bag of money they will take and take from as long as possible and if you end up empty they chuck you on the scrap heap.
TBH most big companies see us the consumers this way. Fight back, take back control and become your own advisor.

Good Luck
Ali x

dealer_wins

ALIBOBSY wrote: »

Banks don't give advice, the person you spoke to wasn't an advisor they are salemen/women and all they ant to do is sell you a new product. TBH they don't give a stuff if its the best option for you or not.

The fact is getting the loan to clear credit cards often means people then continue to spend on the cards. Now for many years the banks actively encouraged this kind of action to draw customer more and more in debt. Look on this as a blessing in disguise, the bank is finally exercising some care towards you. Get over to the debt boards and get advice on reducing spending, maxing income and how to snowball the debt payments. Stop all card spending and priorising bringing down those overdrafts and clearing them one by one.

The best day of our lives was the day we paid of the overdraft. Never had one since and don't want one. The banks keep trying to get us to have a small "safety net" but its just a way of enticing you to spend and earn them more.

Start seeing the banks and big companies as the enemy, they see you as a bag of money they will take and take from as long as possible and if you end up empty they chuck you on the scrap heap.
TBH most big companies see us the consumers this way. Fight back, take back control and become your own advisor.

Good Luck
Ali x

As a former bank "salesperson" I can assure you that this is not normally the case.

We had targets, but the whole ethos was to put the customer first, and sell only to need and if it would benefit the customer.