mortgage co say charges are not illegal yet!

COPPERHEADJACK_2

Mr_helpful wrote: »

Ive got othing against claiming unlawful charges but dont you think the banks should have redress against people who dont pay on time. much of the money (mortgages) is money the bank has borrowed. They still have to pay on time and they put aside large amounts of our money to cover bad debtors. That money doesnt come out of thin air you know.

You are all assuming that when people get into debt it is their own fault

It never is their fault at least not when you talk to the client. Thats the joy of Blame culture. Loads of people lose their jobs and still pay. Some had the sense to have insurance, some temp work. I swept the streets and worked in a factory for a few days when I lost my job. Guess what no arrears. No tv or car either but did have young family.

I had a thrithing business until through no fault of my own I was closed down.
I was a single parent who had just been diagnosed with disability couldn't claim benefit until I had received notification that my tax self assesment was closed and complete, don't smoke, don't drink, didn't have sky,didn't have a car, worked part time and still had a mortgage to pay along with all the other bills of gas, electric, food, clothing and council tax and a tax bill from my business which the law see as first priority before any other bill you pay.

Now the insurance that I had does not cover you if you are self employed only for death illness employed people and things like that.

So if you were employed, dead or seriously ill you are covered if not tuff luck.

So when I got into arrears of £800 was this my fault ?????????
STOP TALKING WET!!!!

kenshaz

COPPERHEADJACK wrote: »

I had a thriving business until through no fault of my own I was closed down.
I was a single parent who had just been diagnosed with disability couldn't claim benefit until I had received notification that my tax self assessment was closed and complete, don't smoke, don't drink, didn't have sky,didn't have a car, worked part time and still had a mortgage to pay along with all the other bills of gas, electric, food, clothing and council tax and a tax bill from my business which the law see as first priority before any other bill you pay.

Now the insurance that I had does not cover you if you are self employed only for death illness employed people and things like that.

So if you were employed, dead or seriously ill you are covered if not tuff luck.

So when I got into arrears of £800 was this my fault ?????????
STOP TALKING WET!!!!

A from the heart reply and you have my respect,your post highlights the fact that you cannot generalise .

milkydrink

Why are many of you having a go at the OP???

Have any of you that are having a go now, tried to claim back your bank charges??? Nearly everyone seems to be doing that now (except me:doh: ) & I don't see how it is any different

MortgageMamma

I'm not having a go at the OP, I just think that people claim back far to much these days. I especially appreciate that some people get into arrears through no fault of their own, but, arrears are arrears and it doesnt matter how they occurred a lender WILL still need to recover what they are owed and admin costs for having to do so. There are some elements of claiming back fee's I support, such as increases in closing admin fee's on mortgages, but I can't help but feel that people will claim ANYTHING if it costs them nothing to do so and they think they have the slightest chance of getting money back, be that for endowment mis-sales, early repayment charges or bank charges.

Kenshaz. some very good points on your post but I resent the fact you say that those that oppose the reclaiming of charges have higher incomes and cannot perceive the difficulties of others. Just 6 years ago I was a single mother or two children on benefits in Salford living in a council house struggling to make ends meet. But I pulled myself out of that mess by working my backside off and studying and doing 18 hour days to get where I am now, so I don't apologise for my higher than avergae income but I will defend the fact that I am able to empathise with those with little money - I have been on my !!!! too many times to forget where I have come from.

absolutebounder

The basis of problem was that the amount charged did not reflect the true cost ,

Does anything? You will be trying to claim back the extra price of a jar of coffee from the corner shop next.


Whilst I agree education in personal finance in some elements of society would make consumers aware of excessive marketing ,this site attempts to do that ,but I believe that fundamental budgeting should be taught in schools
and should not have to be a hard earned life experience.

This should be fun. Institutionalised workers such as Teachers, Police, and the forces are some of the worst when it comes to financial understanding. I wouldnt let one of these groups near my children when it comes to education in money.

A high proportion of users of this site are already experienced .possibly due to their working back-grounds,and they have a tendency to be unable to stand in others shoes ,because they have become accustomed to high incomes and are unable to perceive the difficulties of others.

Absolute rubbish many well off people started from humble beginnings. Its just that some of us got off our backsides and worked for our wealth. Yes some people get disabled and sick etc but some of those with the right attitude get on regardless. There are well off disabled people you know.

Legislation is just beginning to get to grips with the extortionate rates that some lenders can charge in respect to consolidation mortgages,other countries have capped the rates.

More nanny state interference leading to higher cost of regulation

The situation is that some are unable to access the normal competitive rates and are forced to use extortionate lenders ,who offer high commission rates to those who sell to the desperate.

No those people are probably harder work, so they pay more.

Some acquire debt because of choice ,others because of circumstances,

Not exactly right, people get into debt because they spend what is not theirs.
and some because of excessive marketing and extortionate interest rates described above.
Oh Give us a break they dont have to listen to marketing or pay the rates. There is another option, it's called Go without until you have the money.
There are many reasons,from ill health to domestic break-down,I do not wish to judge or condemn or generalise,but perhaps support.
Well give them a hand up and not a hand out then instead of all this patronising waffle

COPPERHEADJACK_2

absolutebounder wrote: »

The basis of problem was that the amount charged did not reflect the true cost ,

Does anything? You will be trying to claim back the extra price of a jar of coffee from the corner shop next.


Whilst I agree education in personal finance in some elements of society would make consumers aware of excessive marketing ,this site attempts to do that ,but I believe that fundamental budgeting should be taught in schools
and should not have to be a hard earned life experience.

This should be fun. Institutionalised workers such as Teachers, Police, and the forces are some of the worst when it comes to financial understanding. I wouldnt let one of these groups near my children when it comes to education in money.

A high proportion of users of this site are already experienced .possibly due to their working back-grounds,and they have a tendency to be unable to stand in others shoes ,because they have become accustomed to high incomes and are unable to perceive the difficulties of others.

Absolute rubbish many well off people started from humble beginnings. Its just that some of us got off our backsides and worked for our wealth. Yes some people get disabled and sick etc but some of those with the right attitude get on regardless. There are well off disabled people you know.

Legislation is just beginning to get to grips with the extortionate rates that some lenders can charge in respect to consolidation mortgages,other countries have capped the rates.

More nanny state interference leading to higher cost of regulation

The situation is that some are unable to access the normal competitive rates and are forced to use extortionate lenders ,who offer high commission rates to those who sell to the desperate.

No those people are probably harder work, so they pay more.

Some acquire debt because of choice ,others because of circumstances,

Not exactly right, people get into debt because they spend what is not theirs.
and some because of excessive marketing and extortionate interest rates described above.
Oh Give us a break they dont have to listen to marketing or pay the rates. There is another option, it's called Go without until you have the money.
There are many reasons,from ill health to domestic break-down,I do not wish to judge or condemn or generalise,but perhaps support.
Well give them a hand up and not a hand out then instead of all this patronising waffle

absolutly right there are a lot of disabled people who are well off with a high income and I am one of them now and also a loan parent with a small child but getting into debt does not always mean spending other peoples money council tax ??? you can't do without that water you can't do without that, electricity??? gas??? general bills????

Yes they do need to be taught the art of money control from an early age then maybe we wouldn't have so many people going bankrupt

but don't tar everyone with the same brush that have been in arrears and needed a handout at some point as even the most mighty can fall and they never know when it will happen.

HypnoTease

A handout comes from the DWP though, or friends, it should not come through legal action against banks and building societies for deducting charges/covering costs that were written into a contract and rightfully theirs. Or from telling lies on endowment mis selling claims. People are making a living from complaining now, its ridiculous....Imagine they will have actual job titles before long "trainee compensation vulture" "senior compensation vulture" ...they should get off their !!!!!! and work like the rest of us

kenshaz

I feel that perhaps this thread has run it's course .

kenshaz

COPPERHEADJACK wrote: »

absolutly right there are a lot of disabled people who are well off with a high income and I am one of them now and also a loan parent with a small child but getting into debt does not always mean spending other peoples money council tax ??? you can't do without that water you can't do without that, electricity??? gas??? general bills????

Yes they do need to be taught the art of money control from an early age then maybe we wouldn't have so many people going bankrupt

but don't tar everyone with the same brush that have been in arrears and needed a handout at some point as even the most mighty can fall and they never know when it will happen.

Do not feed him/her Copperheadjack ,your comments are sincere,and his /her responses are not worthy of a response from you or others,he/her is attempting to create debate.

kenshaz

I believe that HYPNOTEASE and ABSOLUTEBOUNDER are the same person,one ABSOLUTEBOUNDER has a website DEVOTED TO SELF HYPNOTISM and HYPNOTEASE ,well the link is obvious ,also neither has ever started a thread.
They joined Jan 2007 and Mar 2007.
Please form your own conclusions ,but I know what my response will be.