Yeh Nice One Martin .......... Not

madison's_mum

Rubbish! I never mentioned credit cards. Plus you obviously have the mindset where luxury goods are funded via credit cards. I SAVE to buy a new TV. All I was saying was like everything else you have to be able to afford children

.

You have no idea what my mindset is but i guess your mindset is that everyone in debt deserves to be there & you are better than everyone else because you SAVE.

I'mcomingbackasaman

You can be the worlds best at managing money but still incur the odd bank charge through no fault of your own.

A judge on the news today said he was fed up with the banks settling out of court just before the court date in some cases offering a refund of a reduced amount. So I imagine if a case does go to Court
it would set a precedent whereby bank charges may be put under scrutiny enough to have them lowered by law.

The banks are probably hoping less and less people will claim charges back and as long as a case doesn't go to Court, they can carry on charging extortionate fees and making billions in profit.

Just plain greed.

angierey

reehsetin wrote:

£50 as an example, £20 is more than enough to feed your child over 3 days like the poster needed
£20 is one months mobile phone bill, a couple of t-shirts worth
the price of one or two takeouts, i find it hard to believe anyone no matter how much in debt can not keep £20 cash aside to feed your child, im trying not to have a go at this one woman im sure i dont know all her circumstanceds but i find it inconcievable that a mother no matter what can not keep a little bit aside to cover over a couple of days to make sure that there is food in the house

emergencies happen sometimes and other things need to be paid, I unfortunately have to taxi to the local hospital now and again which is quicker than ambulance call out, due to daughters life threatening condition. taxi fare eats into weekly budget, and stretching what little is left is difficult.

So sadly on occasion I am hoping that benefit payments will be in the bank on the due date, otherwise I would have to go to friends or family for a meal or loan to tide me over.

I am not in the habit of letting my food cupboards run dry, but if I have unforseen expenses in the week, then it often happens that I am relying on benefit payments coming in on time for one thing or another.

rrossi666

trademark wrote:

So those of us who adhere to our banks terms and conditions and build a good working relationship with our banks over a prolonged period will now have to carry those who dont.

And you all know the truth ...yes the banks make billions, but they have targets and they will keep them .... how ? by reducing or delaying interest, providing less attractive incentives ....... cutting staffing levels, or their availbility on the customer front line.

Those who spend and basically steal the banks money without permission ... and yes it is theft, will not get their money back ...and who will pay for it.

you guessed it ... as always ...those of us with the money, hard earned money i might add.

I agree that those who are few pounds overdrawn at the end of the month should not be rewarded with a £35 letter, and in most cases the bank ignore a few pounds so no problem, but thousands of pounds in charges are caused by those who ignore the banks, take from them and then disregard their advice.

martin you are no better than carol vorderman, i wonder how big your house and bank balance are, brilliant website but you've lost it this time.[/QUOTE

It must be so marvellous to sit in a total life of luxury not having to worry about day to day financial problems. (otherwise this statement would not have been made).

I was made redundant from work in 2001 due to closure of company (NO FAULT OF MY OWN) I approached my bank whom I had been with over 8 years at the time for some help (Bank of Scotland (a friend for life) ha B***** ha) I asked them to increase my overdraft of £100 to £500 to enable me to pay some DD's that were due of account in a few days, I explained that I started my new job in 2 weeks and a wage would be going in in 3 weeks, GUESS WHAT they refused but did incur bank charges for the 5 DD's that I was unable to cancel at such short notice £100 in the Red with no wage for 3 weeks this caused an Avalanche not a snowball of BANK CHARGES and by the time my first wage went in it was swallowed up. It took me nearly 6 months to get out of the red and it was hard going.

At present I will be claiming back my charges which now total over £3K and blame this one instant years ago totally for all bank charges which have accumulated since . I never stole their money they took mine when I was in despair and new about it.

Honest hard working people fall into the trap.

Does it matter how big Martins house or bank balance is? He is a better man for helping unfortunate people reclaim something that is theirs in the first place and not putting them under or aside like others.

angierey

reehsetin wrote:

how has this arguement changed, my arguement is £20-£50 is all, you can cancel your landline/internet all extras, sell your car, get a higher paying or extra job. sell things on the side, something to raise enough money to have a bit aside to feed your kids in an emergency - how is this sounding insane to people, seems common sense to me

dont you think i did that years ago?

on friends comp and internet connection by the way

Taadaa

My account is usually in good order. It didn't stop them charging me £55 for going £9 overdrawn for less than a day :mad: - I transferred money from my savings a/c as soon as I realised.

A bank that DOESN'T take the opportunity to slap extortionate fees on someone who has mismanaged their finances (for whatever reason?) I'd love to know which banks turn a blind eye to going just a few pounds overdrawn!! I expect they get excellent customer feedback...:rolleyes:

earwig

what about the people what dont have a choice my mum old age pension has to be paid into a bank acount one time the goverment had a blip on there systems and her money didnt go in she had three direct debit going out that week what the banks paid the goverment sent her a giro what could only be paid into her bank

but the banks was closed it was over the christmas hoilday the time she paid her check in she had three referuals charges totaling 99 pounds which the banks took from her check none of this was my mums fault and it took three weeks of agueing to get the banks to refund it but for a while she had to borrow money of me to eat as she dosnt have savings to fall back on

why should they do this if it wasnt for me beening on this site and knowing that the banks are not allwoed to take charges from your benefits she wouldnt of got the money back but it makes me wonder how many peole out there do get there benefit money taken of them by the banks when it just isnt there fault and it not refunded

if the banks are charging people 30 because that is what it cost them to tell you your acount is overdrawn why dont they go to court and show it and if they are not making money of us in unfair charges why the need to bring free banking to a end to reclaim some of there lost profits let rember they are not suposed it be making money from us in bankcharges and the fact that they want to end free banking points to the fact that they do make money from these charges

s-j-cooper_2

I have been charged fees in the past for overspending, not keeping track of my money etc and, although I deserved the fees, I still claimed them back because I could. If I was not able to claim them back then I would not complain because it was my own fault (although I would have complained if it had been a small amount overdrawn for a very short period of time, as some people are reporting on here).

IvanOpinion

double post

IvanOpinion

Trademark, can I just applaud you on your stance and is one I have had on this board for quite a while (and have often been on the receiving end). Like yourself I agree that bank charges are too high but they are being used against those that deserve to get them .. people who through their own mismanagement have broken the T&C that they promised they would adhere to .. I guess some peoples promises are worthless.

I also see on this board situations were people have had a DD taken twice, quickly fixed by the bank, but they want to know if they should demand £50 or £100 or more in compensation for their mild inconvenience ... double standards ??

Not currently, but recently I was working on the leading edge of this being sub contracted to a bank (IT department). Even before they talked about reintroducing charges for current accounts (because that was what I was developing) I had put a posting up and the blind told me I was wrong and that in such a competitive market they would never do it. I KNOW some of the products that are coming along over the next year or so and they effectively punish everybody for the incompetence of the few.

The UK in particular lives on a credit ethos and it is time for that to change. It is time to stop offering interest free credit, balance transfers etc. It is time to start charging a fair interest rate and it is time that people who abuse the system get credit taken off them (remember credit is a privilege, not a right).

I am sorry for people who have gone temporarily over drawn, I have been there but I didn't throw all my toys out of the pram and go crying to some one else. I accepted that I had broken the contract I had agreed to and in some cases got the charges reversed, in some got them halved and in others I had to pay ... but I learnt my lesson .. unfortunately some people never do .. they are the ones with the big claims.

If anybody is stupid enough to think that the banks are going to lose a single penny over this then please let me know. What it does mean now is that the banks will NOT allow any negotiation over any new charges (and they will be charged at every opportunity) and that a few people will get short term gains while EVERYBODY will ultimately take long term losses (the savings rate a few points lower, the loan rates a few points higher, the mortgage rate a few points higher).

Given the current situation I really think it is time for the banks and this government to reel in credit ... it is time that credit was only granted once you had proved to a bank you could repay and if that means going cap in hand to the bank manager then so be it ... it is disgusting that I and the majority of people who operate their accounts properly and within the agreed t&C are having to pick up the tab for those with a cavalier attitude towards their finances.


Ivan