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

Twinkly

Need_More_Money wrote:

The question is whether it should be in the form of a charge or something else?
I wouldn't argue with that. (Although I suspect the naughty step might be taking the analogy too far )

Yes I agree totally there should be some penalty. Abuse of the system isnt something that should go unchecked. For a start a financial penalty reflecting the true cost. As any parent knows a swift tap on the head stops a little one poking his/her sibling and reflects the action equally.

How about also taking away toys analogy ? Confiscation of debit card and cheque books and access restricted to free over-the-counter withdrawal for accounts that are strictly in credit ? You cant spend money you dont have until you prove you can be financially responsible enough to pay it back. Toys back when you've earned them

I dont mean to suggest that banks should act like parents at all here, as you stated we are all responsible for own actions and that is a trait I was raised with by working class and honest moral parents. I believe with education of our children in financial matters most of the banking problems we see today could be brought under some reasonable control, people would be more capable of accept responsibility and willing to redressing of inappropriate actions given appropriate penalties.

For those who still could not help but fall into debt through circumstances beyond their control the banking process would then be a lot less painful and perhaps banks more willing to apply discretion in those cases and withold penalties.

One can but dream eh ?

Need_More_Money_2

Twinkly wrote:

Yes I agree totally there should be some penalty. Abuse of the system isnt something that should go unchecked. For a start a financial penalty reflecting the true cost. As any parent knows a swift tap on the head stops a little one poking his/her sibling and reflects the action equally.

How about also taking away toys analogy ? Confiscation of debit card and cheque books and access restricted to free over-the-counter withdrawal for accounts that are strictly in credit ? You cant spend money you dont have until you prove you can be financially responsible enough to pay it back. Toys back when you've earned them

I dont mean to suggest that banks should act like parents at all here, as you stated we are all responsible for own actions and that is a trait I was raised with by working class and honest moral parents. I believe with education of our children in financial matters most of the banking problems we see today could be brought under some reasonable control, people would be more capable of accept responsibility and willing to redressing of inappropriate actions given appropriate penalties.

For those who still could not help but fall into debt through circumstances beyond their control the banking process would then be a lot less painful and perhaps banks more willing to apply discretion in those cases and withold penalties.

One can but dream eh ?

Seems we're pretty much in agreement then

raymond

Totally agree with OP, why should I pay more so someone can go overdrawn ?

In my opinion, banks should totally abolish the ability of someone to "overdraw" on an account ..... period. Then those in "financial difficulty" could have no reason to pay charges at all. They can then resort to smashing up telephone boxes and apply for a refund to the magistrate after they are caught and fined which amounts to the same thing. Too many people spend money they dont have with no intention of ever paying it back, or with some fanciful notion that someday they will win the lottery or whatever.

Twinkly

RitaDaly wrote:

I am not willing to let people rob me blind.

Precisely and this entire thread exists because the bank charges are deemed unlawful and can be reclaimed. The posts of the many in support of reclaiming these charges far outweigh the posts of the few denouncing people for having to have the temerity to claim back what is rightfully, and so far lawfully, theirs.

Good luck, dont be discouraged.

ollyk

oceanbee wrote:

I still worked and never once did the bank highlight to me i had a problem with my banking.

Why the hell is it up to the bank to highlight that you have a problem with your banking?

!!!!!! :mad:

oldwiring

Lady_noluck's post shows worthy sympathy for those, who through no fault of their own, fall on hard times, and is to be applauded for that.:T.

However ISTM that the concept of keeping something for the 'rainy day' has been largely abandoned in today's thinking. My parents lived when you paid cash and if did not have you went without. The furniture they had was basically what they had at the start of their marriage or secondhand. My posotion through life has been much better, but I ans OH know from our parents' experiences that we need keep somethibg in reserve.

So sympathy for those who have struggled and find themdelves shafted by fate, but defintely muted sympathy for those, who just must have changed their furniture because style has changed, or their TV because 28"CRT is so passe, whn 42" Plasma is a must to be had. O what it would be if the bank's were able to diffrerentiate between the two.

Then the big question, and admittedly an OT one, comes. Whay are the afflensa sufferers, who bleat about charges and other wrongs, willing to do for the real hard time cases?:mad:

Need_More_Money_2

RitaDaly wrote:

Sorry Trademark-don't agree with you at all...

My case was ludicrous -I - like you- am responsible with money. So you can imagine how I felt when the HALIFAX charged my £30 - £39 for each items I was overdrawn between 18 Jan - and 30 Jan - 12 days !!! The total came to £ 459 !!!!!!!!!!!!! I was overdrawn by just under £ 200.

I don't expect not to pay anything -in fact I agree that I would pay interest and their monthly charge of £ 28 for being overdrawn. But I don't expect to be ripped off either. I am willing to admit my own mistake and pay for them - I am not willing to let people rob me blind.

Cheers
Rita

I certainly wouldn't disagree that this level of charging is unreasonable

Twinkly

Need_More_Money wrote:

Seems we're pretty much in agreement then

On issues properly addressing penalties in the form of an appropriate charge and other sensible penalties I guess we are yes

Twinkly

oldwiring wrote:

Whay are the afflensa sufferers, who bleat about charges and other wrongs, willing to do for the real hard time cases?:mad:

I wish to enquire what 'afflensa' is ? It sounds painful...

Need_More_Money_2

Twinkly wrote:

I wish to enquire what 'afflensa' is ? It sounds painful...

Living a more 'affluent' lifestyle than you can afford? (I guess)