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

Taffyfella

pinkfluff wrote: »

Why? Because he's financially dependant and isn't stupid enough to try to live beyond his means?

Jealousy isn't an attractive quality btw

What are you? His wife or something geee's!!

To be fair Graham made his point to my post, but what is all this girly rubbish....

michael1983l

upthewall wrote: »

All they have to do is come up with a fairer system. Still charge but a resonable amount!!! No-one likes to be charged, regardless of the amount, some people I know are in the situation you have described above cos thier benefits and wages paid into the bank are consumed in charges. Quite simply it is not fair, it is unlawful and must be stopped!!!

They have come up with a fairer system, from this month as I understand it, if you try using your plastic or an ATM to access funds that arnt there the bank has to make the decision wether it will allow that increase in limit/overdraft there and then. It then says yes or no, DDs and Cheques on the other hand cannot be dealt with in this way.

In my opinion cheques should be scrapped all together on personal accounts.

IvanOpinion

michael1983l wrote: »

In my opinion cheques should be scrapped all together on personal accounts.

I would agree with you on this .. cheques are out dated and cost far too much for the bank to process. personally I would say to do away with hard currency as well and simply rely on debit/credit cards .. however I can see some problems there .. nothing that couldn't be addressed but we are not quite there yet.


I have been waiting for banks to get together and stop all this interest free credit. Can you imagine the chaos? People who have been relying on balance transfers etc. and therefore maxing out their credit suddenly being bounced with interest .... ouch!

Ivan

meher

IvanOpinion wrote: »

do away with hard currency as well and simply rely on debit/credit cards ..

I have been waiting for banks to get together and stop all this interest free credit.
Ivan

I'll take your recommendations into consideration :cool:

upthewall_2

michael1983l wrote: »

They have come up with a fairer system, from this month as I understand it, if you try using your plastic or an ATM to access funds that arnt there the bank has to make the decision wether it will allow that increase in limit/overdraft there and then. It then says yes or no, DDs and Cheques on the other hand cannot be dealt with in this way.

In my opinion cheques should be scrapped all together on personal accounts.

A step in the right direction, but it's not going to be one size fits all:rolleyes:

I agree about the cheques, although in some instances i.e making a large payment to settle a loan etc, a cheque is the best option as there is a limit on how much you can use a switch card for, I think it is £5k per day although some banks may differ. So again it may not suit everyone!!

pinkfluff_2

Taffyfella wrote: »

What are you? His wife or soemthing geee's!!

To be fair Graham made his point to my post, but what is all this girly rubbsih....

If you can't take it, don't give it :rolleyes:

Tozer

NeilW wrote: »

If the incentive was to charge interest, rather than penalty charges the T&Cs would be different. They are as they are to profit from illegality and the ignorance of consumers.

And as a lawyer you will know there is no requirement to abide by any contract. Only civil or criminal consequences of not doing so. And often the consequences aren't that onerous - as the banks have been demonstrating for years.

NeilW

Sorry NeilW but that is rubbish. There is a requirement to abide by terms of contract - hence remedies are available in civil law. It is a little like saying that there is no requirement to abide with criminal law - only criminal sanctions of not doing so!!!!

Tozer

Taffyfella wrote: »

What's using peoples credit history got to do with these claims??

Bottom line is bank charges are not proportionate to there costs...

Appreciate the advice, but are you saying if someone is sub-prime the banks will defend on that basis??

Just don't get it really!

Taff

No they won't 'defend' on that basis. But banks are now seeking alternative ways to deal with the issue. One of these has been to close accounts. The other way, due to be started shortly, is to submit adverse credit report to the credit reference agencies. In that serial reclaimers will lose the ability to obtain credit anywhere.

The other situation that may arise is for financial providers to start requiring more detailed 'history' from applicants (a bit like insurers do with claims history). This may then lead to either special terms being imposed for those perceived as poor customers or outright refusal.

susank

I dont think you can get rid of cheques - older people dont understand plastic and cannot remember numbers and why should they. We will be old at some stage and maybe will not be so easy for us to remember numbers and to keep up with the new technology. We will still need cheques.

pinkfluffybabe

A lot of shops have now stopped taking cheques - Asda, Tesco, Next, to name but a few.

Cheques are handy for personal payments though - say you pay for a holiday for you and a friend on your card, then they pay you what they owe you by cheque. Our windowcleaner takes a cheque by post if you aren't in when he drops by for payment.

I wouldn't like to see cheques removed although I appreciate that they can be used without the money being in the account.