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

jo-82

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.

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.

.[/QUOTE

Hard earned money eh? My husband is in the army and was fighting in afghanistan - if that isnt hard earned i dont know what is! Im a childminder so as a result i save on childcare for my own son. Our problems started when the bank upped our overdraft without telling us. We rarely go out and scrimp and save. Unfortunately we made the mistake of getting a loan to buy a car & a credit card naiive to how this all works. We are trying to get out of debt and if reclaiming what the bank overcharged us helps then we are going for it. We are not blaming the bank for us being in debt we are blaming them for charging £25.50 more than necessary making an already bad situation worse.

angierey

Al_Mac wrote:

There is nothing in the account, you can't have anything, you're children are going to starve. Do you want them to refuse your card, yes or no?

The bank authorise or not based on many factors, if they let it through it is because they think that is OK based on how your account is normally managed, not because it is going to incurr a fee, in spite of it going to incurr a fee. It is a risk based business, they take the risk, but charge you for that risk.

firstly, I would know that there was nothing in the bank and would not try to use the card knowing this, I always check whats there before buying with a card.

and secondly the children wouldnt starve, as I have friends and family nearby and can turn to them if this unlikely situation did occur.



looking at the posts on this thread, it seems that we are all arguing the same point, that the charges are TOO HIGH. It is wether or not we should reclaim them that is the issue here.

Some charges should be reclaimed, ie. £35 for a £1 or two overdrawn, and those that followed from such and snowballed. Others maybe not as they have occurred as a result of being frivolous and carefree about the consequences. It would cost the banks more to contest claims on these grounds as they would have to investigate each individual claim, therefore they are paying out.

Lets focus on what we do agree on, the price of the charges. If reclaiming them from the banks is a step towards having them forced by the public into reducing these charges then I say lets do it.

jo-82

earwig wrote:

i would be quite happy if they refunded me the amount they owe me less the true cost of going overdrawn im not out for a free ride with the banks but im not going to let them charge me more than what it cost

I agree wit that - if they only charged that amount in the 1st place there would be no need for the banks to refund this:T

jo-82

earwig wrote:

i would be quite happy if they refunded me the amount they owe me less the true cost of going overdrawn im not out for a free ride with the banks but im not going to let them charge me more than what it cost

I agree with that - if they only charged that amount in the 1st place there would be no need for the banks to refund this:T

chrissyfp1

Al_Mac wrote:

There is nothing in the account, you can't have anything, you're children are going to starve. Do you want them to refuse your card, yes or no?


The bank authorise or not based on many factors, if they let it through it is because they think that is OK based on how your account is normally managed, not because it is going to incurr a fee, in spite of it going to incurr a fee. It is a risk based business, they take the risk, but charge you for that risk.

If there was nothing in my account i wouldn't be asking them to accept my card. If there was not enough in my account i would expect them to decline the card.

I don't ask them to a take a risk and give me an invisible authorisation zone that i know nothing about and then they charge me £30 for that 'risk' that they have taken. I expect to have my card declined when there isn't enough money in my account to cover the cost of my purchases.

earwig

I will not accept the fact that the banks will not regenerate their lost penalty charges through their customer base, they will ....just watch[/QUOTE]

that is the whole point they are not suposed to be making money from charges so they shouldnt have to be reenerating the lost charges money from any one because they dont make a profit from charges but they do and thats the problem

Jennie_2

trademark wrote:

And those who are in debt will ...deep down ... realise this, i was in debt so i understand, and why was i in debt, because at the time whilst on a low income i spent more money than i earnt on un-necessary luxury, luxuries i simply couldnt afford.

You assume the majority of people are in debt because of the same reasons as you. You chose to buy luxuries you couldn't afford.

How do you feel you have the right to judge people who are in debt because of other circumstances -redundancy, illness within a family, abuse by a partner, failing small business and more.

You "saw the error of your ways" good for you. Plenty of people can't easily change the circumstances they find themselves in.

wendy_ann1983

This may have been said before (can't make it all the way through the thread, too tired from being up since 3am for work) there have been several comments along the lines of 'when you opened the account you agreed to the terms and conditions and therefore the charges' show me a bank accoun that doesn't have the charges and I'll run to them (so would many others) but there is no choice, I have to have a bank account to get my wages therefore I have to accept the terms.
But why should I pay for the banks mistakes, yes thats right THEIR mistakes, staff misreading quite clear DD instructions left me VERY out of pocket. When I rang to complain I was told they could only refund some of the charges, so yes I will be claiming back ALL of my charges over the past few yrs. I wasn't going to before, i'd got myself into trouble it was my fault but after this and the way I was spoken to I'm going for all of it.
Some may say petty, well thats your opinion, your entitled to it.
If the banks didn't know what they were doing was wrong they wouldn't have started paying back anything.

chrissyfp1

krisskross wrote:

Thank you for coming back to suppoert the beleagured minority.

A lot of people posting on this thread will not accept any responsibility for their own debt and thus the charges. I AGREE that the charges are too high but what do we all want the banks to do? Make it a couple of quid for each transgression into unauthorised borrowing? Less than 10 fags or a pint of beer. Is anyone going to take any notice? There HAS to be something that stops people doing it. Although they won't owe the bank in penalty charges they will still have taken money without permission and owe that. Perhaps closing their accounts after a couple of warnings is what you would all prefer?

Perhaps a simpler way of doing things is not to let people take money when it's not there. No money to pay dd - bounce the dd and then charge the customer the amount it actually cost them not to pay it. If you want an overdraft then you pay interest on that overdraft. The banks should simply not pay anything more than what you have previously agreed with them. Then you wont have taken money without their permission, (although if they gave it to you surely that does constitute permission) and in some cases you wont have a bank charge or in some you will be required to pay the bank back it's cost. Not having your bills paid is a deterent and so is having to pay the bank money for them to tell you that. Simply, money going in....... money can come out. No money going in.........no money can come out.

Austin8_2

For too long we have put up with unfair charges, :eek: with the current economy we are paying increasing amounts in stealth taxes and having decreases in wages. I for one am very happy that Martin has shared his knowledge with us - good one martin!:money: I just hope that this is the beginning of the British people beginning to stand up and be counted. And stop unscrupulous power houses making profits at our expense.:beer: