Repossesion and bank charges

kennyboy66_2

MortgageMamma wrote: »

You sign a contract with your bank when you open your account stating what these charges are. You get advance notice when you have incurred the penalties about when they wil be deducted and what they are deducted for and how much. What is unfair about that? If you dont handle your finances or account properly then the banks are quite right to make money out of you.

Generally I do not support people ripping the banks off. What is fair about business? Are businesses now meant to consider that they are being fair when pitching their products. I think the price of D&G jeans is unfair, can I claim compensation for the last pair I bought that I paid £260 for?

Businesses are in business to make money, its the law of supply and demand, if someone will pay a certain price for something then thats what they will be charged.

The only exception to this rule in my opinion are those that are incurring bank charges through GENUINE HARDSHIP, i.e. redundancy, death of a bread winner or illness in the family etc etc. What really P-sses me off are those people who have just been purely negligent over the last six years who are fleecing the banks and paying for this years holiday with the proceeds.:mad:

A mortgage advisor who fails to grasp simple GCSE english contract law. I can see how you must have plenty of time to post your nonsense on here.
You really are tedious.

absolutebounder

Interesting I didnt know there was a gcse in contract law. We shall see how far OP gets. Much of the advice here will probably help to make sure he never gets a decent mortgage again and probably wont get much of his charges back.

kennyboy66_2

Zzzzzzzzzzzzzz

SantanderAbbey

MortgageMamma wrote: »

You sign a contract with your bank when you open your account stating what these charges are.

Not worth the paper it was written on as the charges were not proportionate to the cost

MortgageMamma wrote: »

You get advance notice when you have incurred the penalties about when they wil be deducted and what they are deducted for and how much. What is unfair about that? If you dont handle your finances or account properly then the banks are quite right to make money out of you.

Wrong it has to be proportinoate to cover costs, £4.50 is the cost and £30 the charge.

MortgageMamma wrote: »

Generally I do not support people ripping the banks off. What is fair about business? Are businesses now meant to consider that they are being fair when pitching their products.

Yes. Now you have totally contradicted yourself

MortgageMamma wrote: »

I think the price of D&G jeans is unfair, can I claim compensation for the last pair I bought that I paid £260 for?

Fits in the Category "They saw me coming". If the OFT had told D & G that they could only sell these jeans for £100 and you had paid £260, you'd be claiming it back. Its your right, why not?

MortgageMamma wrote: »

Businesses are in business to make money, its the law of supply and demand, if someone will pay a certain price for something then thats what they will be charged.

And the comment about ripping the banks off, are you SERIOUS???????
We are claiming back the money that they levied through unlawful and disproprtionate costs. When the OFT make their final ruling, every customer should claim back the difference as the full amount wont be granted.
God I work for a bank and it will affect my profit share, but who cares.
Its one in the eye for the Fat Cat and his million pound bonus.

Mr_helpful

SantanderAbbey wrote: »

When the OFT make their final ruling, every customer should claim back the difference as the full amount wont be granted.
God I work for a bank and it will affect my profit share, but who cares.
Its one in the eye for the Fat Cat and his million pound bonus.

And what about those of us with a brain that never got charges, We have to subsidise all these claims do we.

MortgageMamma

Mr_helpful wrote: »

And what about those of us with a brain that never got charges, We have to subsidise all these claims do we.

Yes we do it seems. Like I said, if someones been fleeced by a bank through snowballing charges and NO INCOME to cover them through no fault of their own then I truly sympathise.

What I cannot stand is all these scrounging dirty low moraless compensation vultures who will claim anything to get a few quid in their back pocket.

Then the rest of us, who play by the book, work our !!!! off for what we earn and keep within our accounts terms and conditions are penalised when all the banks change their accounts terms and conditions to recoup the costs. There is nothing wrong with the fat cats who make money, they work for it, its their right and if anyone denys that then they are purely jealous.

You need to start taking a wider view on this. The banks wont take this reclaiming of fee's forever, neither will the shareholders - something will be done and soon to recoup this money on a big scale and then you will all be on here moaning about the £ per transaction you are charged.

And no, I didnt sit a GCSE in contract law, why would I??

MortgageMamma

SantanderAbbey wrote: »

Not worth the paper it was written on as the charges were not proportionate to the cost



Wrong it has to be proportinoate to cover costs, £4.50 is the cost and £30 the charge.



Yes. Now you have totally contradicted yourself



Fits in the Category "They saw me coming". If the OFT had told D & G that they could only sell these jeans for £100 and you had paid £260, you'd be claiming it back. Its your right, why not?



And the comment about ripping the banks off, are you SERIOUS???????
We are claiming back the money that they levied through unlawful and disproprtionate costs. When the OFT make their final ruling, every customer should claim back the difference as the full amount wont be granted.
God I work for a bank and it will affect my profit share, but who cares.
Its one in the eye for the Fat Cat and his million pound bonus.

If you are so upset by the terms and conditions offered by your organisation, and you think these are so unfair to the customers, if you had any prinicples about you whatsoever you would not work there!

SantanderAbbey

"Last year the top six High Street banks in the UK made an estimated £4.5bn from penalty charges. These are charges that are incurred for unauthorized overdrafts, bounced cheques and clearing Direct Debits when there are insufficient funds in the account"

Subsidise it out of that. Ill do the sums for you.

15% of the charge is the cost.

£4.5bn in charges
£675,000,000 paid by the British public

Im sure the £675 mil will go a long way.

And thats not a profit figure its an estimate of the charges levied against customers.

And what are you subsidising, you said that you have a brain, therefore, you never go overdrawn, you never bounce a cheque and you have never had a standing order/DD refused for payment.

How exactly have you subsidised anything?

"Yes it seems we do" :rotfl: :rotfl: :rotfl: :T :T


And im not unhappy with the T&C's, I have never had a bank charge in my life. I have principles, but I have more important things like bills to pay. If the banks had'nt done wrong and tried to get away with it, we would not be having this discussion right now.

kelloggs36

The point is that the OFT have ruled that the charges are ILLEGAL, so it matters not what the contract says, it is an illegal term and condition of the contract.

I would file a claim for this as a separate matter to the repossession order.

Mr_helpful

From November last year. this is who we subsidise. The cost of lost interest alone is more than the £4.50 you claim is fair

"The Times reports that the UK’s most popular credit card expects to see bad debts of £1.5bn this year. And the problem has been getting worse - the company wrote off £1.1bn last year.
[FONT=Verdana, arial, helvetica, sans-serif]In the second six months of this year, bad debts on credit cards and personal loans have been written off at a rate of £31m a week. That compares to £26.8m a week in the first half, £22.7m a week in the second half of 2005, and £19.5m a week in 2005’s first half.[/FONT]
[FONT=Verdana, arial, helvetica, sans-serif]In fact, the total bad-debt loss is equal to £140 for every one of the company’s 11.2m UK cardholders. When you consider that the average balance per customer is £857, you begin to get an idea of the scale of the problem. [/FONT]
[FONT=Verdana, arial, helvetica, sans-serif]The group said that “flows of new arrears and levels of delinquent balances have stabilised”, suggesting that the rate of decline may have slowed - but that’s not surprising. The bank now rejects 57% of all credit card applications. [/FONT]
[FONT=Verdana, arial, helvetica, sans-serif]We suspect that the 57% that Barclaycard now throws out comprises the target market for many of the sub-prime mortgage lenders currently engaged in a race to the bottom to see who can lend the most money to the least credit-worthy households. And we also suspect that the same people who borrowed too much on their credit cards in the past, are now being allowed to borrow too much against their homes."[/FONT]