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

nel

refundmeplze! wrote:

I have been reading this post with great interest, I too am reclaiming bank charges and believe that I am in the right and banks are in the wrong. however I do accept that there are two sides to every argument and of course there will be people who do not think the way i do and believe that these charges are fair.
But this does not give these people the right to assume they know what it is like to live on the bread line. They cannot say that everyone should have a spare £50 or £20 lying around for emergencies. They cannot say they are right because they have not been there. Nobody can comment on something properly untill they have been in that situation.Nobody at all.
So to all the know-it-alls posting on here, YOU CANNOT COMMENT ON A SITUATION UNTILL YOU HAVE BEEN IN IT YOURSELF. Just the same as i cannot comment on a situation untill I have been in it myself.
:T :T :T :T

:T well said

MSE_Martin

To answer the question about 'desirability'.

The perfect credit card customer is one who is perpetually in debt but never defaults. Yet the perfect bank customer is one who takes out many products - current acc, mortgage, credit card, mortgage and loan protection, investment products and many more - so the affluent tend to pay more. In the current account market one of the main drivers is the ability to cross sell other products so the affluent are wanted

A quick note on cash machines. I've never objected to other banks charging us to withdraw money as a principled stance. What I've always objected to is the lack of transparency and announcment of this.

Martin

Jennie_2

trademark wrote:

This debate will never be won however ....why?

Because there are genuine cases who deserve some or all of their penalty fees back.

Wow Trademark, that's an about turn!!! So you now admit there are genuine cases who deserve their fees back. That is not how you started this contentious thread!

So are you finally climbing down from your lofty "I'm alright Jack" ladder and admitting that people who get themselves in a pickle are not all thieves and leeches - your words!!

Rather than people snipping at each other how about standing together against the huge rip off organisations to create one strong voice rather than use precious energy as has been seen on this thread.

Those of you who have it sussed - good on you! Well done!

Those of you who haven't - I can't fix it for you (much as I'd like to) but you are in my thoughts and I hope it comes right for you.

mountainofdebt

and they have truth and justice on their side, why don't they just fight 1 - yes that's right 1 - case in court?

It can't be a case that they can't afford the solicitors fees and it would settle the matter once and for all.

Need_More_Money_2

nel wrote:

but this is like guilty before proven innocent isn't it?

Is it any different from insurance companies charging more to insure your house if they see you as living in a higher risk area, or charging more to insure your car if you are seen as a higher risk driver.

nel wrote:

they are still more than likely to get their money back in the end by whatever means they have at their disposal and still passing the costs for retrieving it on to the customer in charges and solicitor fees

Is this true? I admit to knowing virtually nothing about IVAs, but don't they mean that the lenders might not get all their money back?

Beate

Bummer. Martin, I have to disagree with you and I don't like to do that, but I think fee-charging cash mashines like LINK etc. are a disgrace. One might argue that if you do not want to pay £1.50 for withdrawing money, then go to a free cash mashine, preferably with your own bank. The problem is that not everyone is always able to do this. There are areas in this country with few banks and free cash mashines around at all, and IMHO it's a scandal that some people have to pay out money to access their own money on a regular basis just because they happen to live in the sticks.

krisskross

nel wrote:

but the mortgage protection insurance direct debit doesn't get paid so it won't cover next months mortgage.....and you get further charges on top charges (at least £90)....and the disaster fund has been exhausted due to needing to replace a freezer, cooker and washing machine (things like that always come in 3's)

OHHHH DEARRR

There are always so many excuses. I was the sole earner in my household for several years as my husband was sick. We had a mortgage and all the associated bills with running a house. We had 3 months bill and living money tucked away that was never ever touched as the disaster luckily didn't happen. However it was there and available, it did take 10 years to save but it was there.If you have no money you do without the freezer, washing machine etc. You pay essential things first like the insurances. I have been so poor that my children had to eat weetabix for dinner for several days in a row.......I will never be that poor again.

sarah1975uk

mountainofdebt wrote:

and they have truth and justice on their side, why don't they just fight 1 - yes that's right 1 - case in court?

It can't be a case that they can't afford the solicitors fees and it would settle the matter once and for all.

Exactly! if the banks really belive what they are doing is right then why not let at least one case go to court and put this argument to rest once and for all so everyone knows where they stand. i for one would gladly go to court and take them on! true what they say money is the route of all evil! but its also what makes the world go round. Perhaps we should all live a life for at least a month with having nothing and then learn to appreciate how valuable money really is. and yet again i stress im not getting at anyone in this post! just stating a point of view!

Bad_Boo

First of all I would like to say thank you to Martin Lewis for all the advice he has provided to me over the last week (I am currently in the process of reclaiming £4,000 from Barclays Bank).

Secondly I was absolutely appalled to see messages from people that were disagreeing with people reclaiming their bank charges. Obviously these people have never had to worry about money in their entire lives unlike me and many others who have had to watch the pennies. These people dont realise just how easy it is to get in to debt and when you are facing the choice between paying a bill and eating for a week then you can justify to this forum that is unfair we are reclaiming back OUR MONEY from the banks.

At the height of my debt I asked the bank for help and they did not want to know, all they did was charge me more money for bouncing cheques, direct debits etc. which exasperated the situation and ensured I stayed in this situation. I have only just started getting myself out of it after 5 years of being in severe debt.

Also regarding the point made by someone who said they were paying for us reclaiming our bank charges how can that be?? seeing as if you are in credit in your bank account you are earning interest, so therefore the bank is effectively paying you and if you dont pay bank charges then none of your money is being used to pay for us. Dont forget the bank has admitted to some of those who have already claimed that they are using the bank charge money from people who have not tried to claim to offset the loss.

One more point how many banks this week claimed to have made a loss not a profit???? I cant think of one!!!!

sarah1975uk

Bad_Boo wrote:

First of all I would like to say thank you to Martin Lewis for all the advice he has provided to me over the last week (I am currently in the process of reclaiming £4,000 from Barclays Bank).

Secondly I was absolutely appalled to see messages from people that were disagreeing with people reclaiming their bank charges. Obviously these people have never had to worry about money in their entire lives unlike me and many others who have had to watch the pennies. These people dont realise just how easy it is to get in to debt and when you are facing the choice between paying a bill and eating for a week then you can justify to this forum that is unfair we are reclaiming back OUR MONEY from the banks.

At the height of my debt I asked the bank for help and they did not want to know, all they did was charge me more money for bouncing cheques, direct debits etc. which exasperated the situation and ensured I stayed in this situation. I have only just started getting myself out of it after 5 years of being in severe debt.

Also regarding the point made by someone who said they were paying for us reclaiming our bank charges how can that be?? seeing as if you are in credit in your bank account you are earning interest, so therefore the bank is effectively paying you and if you dont pay bank charges then none of your money is being used to pay for us. Dont forget the bank has admitted to some of those who have already claimed that they are using the bank charge money from people who have not tried to claim to offset the loss.

One more point how many banks this week claimed to have made a loss not a profit???? I cant think of one!!!!

Well said hun xx :T