Credit Card sold as best financial advice

Round1s

Hello,

There is something I have been thinking about over the last few years and it hasn't been until the recent "holding banks responsible" period where I have thought it is something worth persuing.

About ten years ago I went into my Halifax branch to change my address following a house move. I also wanted to speak to someone about our finances as we were thinking about buying a house at the time.

After the address change was done, I was told that the best option for our finances at the time was a Halifax One Credit Card. Obviously, not having a credit card before, took the advice and the credit card.

Over the last few years I've been thinking about how wrong this was of the bank advisor to actually sell us a credit card, when it clearly wasn't the right thing for us, but always had the "whats the point in complaining" attitude.

Is it too long for me to look into a complaint with Halifax considering this was 10 years ago? With a potential view of getting some of the many pounds of interest I've paid over the years back. I'm not looking to get away with not paying for the goods I've bought, but perhaps some financial recompence for the worng advice.

Any advice or thoughts would be grateful. Thanks

opinions4u

I think you're being ridiculous.

The card offered you the opportunity to buy stuff, clear the balance in full and pay no interest. Great advice.

It's your choice to pay the interest.

jo-bo

Banks may give out advice but it's your responsibility as an adult to decide whether or not it's right for you. I presume they didn't tell you to go out and spend like there's a zombie apocalypse on the way!!!

The mis selling you refer to is ppi and that is a different matter.

Money-Saving-King

I don't get this? How did you think a credit card would work?

Surely you knew that if you didn't pay off the balance in full you'd have to pay interest?

I assume you must have understood this. So are you basically saying you're trying to jump on the "holding banks responsible" band wagon to try and get some free money? Are you also saying people can just sign up to what they like, know how it works and then "holding banks responsible" when it suits them to try and get out of paying for any service you've used?

This thread and the "holding banks responsible" attitude is beyond belief. When will the day come when some people actually "holding themselves responsible" instead of trying to pass the buck?

chanz4

10 years no chance

Thrugelmir

Round1s wrote: »

I'm not looking to get away with not paying for the goods I've bought

Did the Halifax tell you what to use the card for?

forgotmyname

Having a credit card was probably a good choice. Responsible use would have helped your credit rating.

Future lenders will have seen your account being used and upto date.

Irresponsible spending is entirely down to the user. I know ive been there and done it myself.

thenudeone

Round1s wrote: »

Is it too long for me to look into a complaint with Halifax considering this was 10 years ago? With a potential view of getting some of the many pounds of interest I've paid over the years back.

Unfortunately your view typifies what's wrong with society nowadays. Always trying to find someone else to blame.

Getting a credit card was probably good advice.
It can
-help with budgeting (if paid in full just a after a monthly salary)
-provide an emergency spending facility (at a fraction of the cost of payday loan alternatives)
- make future credit such as mortgages and mobile phone contracts easier and possibly cheaper to obtain.
All of these advantages could be completely free, and they are, for a large proportion of users.

BUT it requires the user to accept responsibility for their own spending and not give in to temptation to spend beyond their means. The bank can't control that.

The bank didn't spend a single penny on your card. You did. Accept that and grow up.

Hominu

If you were thinking of buying a house then a credit card was a good idea as you could prove repayment history before asking for a mortgage. Likewise, if you failed to keep up repayments on a credit card with a 5K limit they may have thought twice about lending you over 100K as a mortgage.

I don't see why you thought of this as being "so wrong" ?

R_P_W

Round1s wrote: »

Hello,

There is something I have been thinking about over the last few years and it hasn't been until the recent "holding banks responsible" period where I have thought it is something worth persuing.

About ten years ago I went into my Halifax branch to change my address following a house move. I also wanted to speak to someone about our finances as we were thinking about buying a house at the time.

After the address change was done, I was told that the best option for our finances at the time was a Halifax One Credit Card. Obviously, not having a credit card before, took the advice and the credit card.

Over the last few years I've been thinking about how wrong this was of the bank advisor to actually sell us a credit card, when it clearly wasn't the right thing for us, but always had the "whats the point in complaining" attitude.

Is it too long for me to look into a complaint with Halifax considering this was 10 years ago? With a potential view of getting some of the many pounds of interest I've paid over the years back. I'm not looking to get away with not paying for the goods I've bought, but perhaps some financial recompence for the worng advice.

Any advice or thoughts would be grateful. Thanks

Have you suffered a bump to the head recently?

Maybe try holding yourself responsible for your spending rather than the bank?

opinions4u

I'm an idiot.

Who can I blame?