Bank Charges case upheld

Edinburghlass_2

It may have been a pleasure for you but its certainly not a pleasure to read.

Thread closed and I'll refer it to abuse to see if they want it opened again.

Mark7799

There was a thread on here yesterday started by oldwiring asking what people's views would be on the basis that charges will eventually be set at a level that is lawful. AFAIR it was asking those who have paid & reclaimed charges if they will pay charges that would be unchallengeable (sp?) or will they alter their patterns of behaviour to stop incurring such charges.

What happened to the thread? I logged on this morning and can't find it.

Moglex

It's been merged.

You have to remember that at the moment people are simply claiming money that the banks have stolen from them.

If the charges were reasonable (i.e. up to a couple of pounds), then in the first place they would not get financially vulnerable people (i.e. those on low income and tight budgets as opposed to the merely irresponsible) into the catch 22 situations that they find themselves in today, and in the second place, the genuine fees would be affordable.

In any case, the question is actually nonsensical. These people actually did pay the unlawful charges, even though they were set at an absurdly high level.

If they paid the £30 charges, why would they not pay the £1-2 that would be a more accurate reflection of the bank's costs?

Mark7799

I had hoped (as I'm guessing oldwiring did judging by the original posts) that it would be possible to ask questions in a civil polite manner without the need to resort to over-emotive language. I appreciate that this is an emotive subject for many but would hope for some rational discussion on the way forward.

To say the question is nonsensical suggests to me you may have misread or misunderstood the question originally posed. Again, to reiterate my views on this topic, I agree that the charging structure imposed by the Banks is ludicrous and in need of revising.

The question I posed is that in the future this matter will be resolved and there will be a level of charges imposed that are judged to be fair and legal. If this is (for the sake of discussion) £5, will those people who have incurred charges regularly accept these charges or will they change their financial habits to avoid incurring even these charges at a smaller level in the future? Even three charges per month @ £5 each is £180 per year and money that could be better used elsewhere. Surely this comes under the heading of money saving as well?

ellelephant69

After being told by a friend that Lloyds TSB have won a case in Birmingham not to pay back charges of approx £2,500, what happens now?? I have a case of a similar amount going with Lloyds at the moment and i am rather confused weather Lloyds will now just say no and see me in court. If that is the case and we do have to go to court i will have to drop my case as i am completely unable to pay the court costs i will be left with. Help please...... It would be great if Martin would do a video entry just to give us his opinion and to give us some advice. I'm feeling amore than a little nervous about going through with the whole thing.:eek: