Staff at Lloyd's forced my partner into a credit card it would seem

opinions4u

I find it astounding that somebody can lie and push people into products that they do not want.

You haven't really established a lie.

I'm not convinced pushiness has been established either.

An attempt to promote a product to somebody isn't automatically pushiness.

What we have established is that your other half has picked up a pen, signed an application form, chosen not to cancel on receipt of the card and totally forgotten to mention to you until now. So you're left with recollections of an interaction that took place in the middle of last year.

jonesMUFCforever

OP will you be honest and upfront with us?

Has the card been used and debt incurred?
Is your partner having difficulties paying it back?

Only when we know the above will this thread be able to move on for you.

BillJones

Everynamestaken wrote: »

That is probably why I find it astounding that somebody can lie and push people into products that they do not want.

Hang on, what makes you think that staff are allowed to lie?

DrSyn

BillJones wrote: »

.

If you genuinely believe that my bonus is paid from that £2.50, after all the associated costs, then you are living in cloud cuckoo land.

Your bonus does not come from the places I mentioned in my original post? So from which of the following places did it come from. All have been reported in the press.

1. Tax payers balling out the failling banks.
2. Miss selling of PPI.
3. Miss selling of "pay for current accounts".
4. High pressure selling of unwanted financial products.
5. Rigging of the libor rate
6. Providing services for Mexican drug criminals.
7. Using derivatives that no ones actually understand the risks of.
8. Taking big bets on investments with other people's money. If you win you get a bonus. If you lose, they lose their money, the tax payer bails out the bank. But you keep your job and still get a nice big bonus|

BillJones

What you did there is called "begging the question", in that you only allow answers which prove your point, and ask me to pick one. It's a pretty dishonest way to discuss things, and is only going to trap an idiot. It's about at the level of "have you stopped beating your wife".

The correct answer, for me, as for pretty much everyone in the busines, is that the bonus comes from the trading book profiit, and that this comes from dealing financial products with corporate clients. The cut on each deal is tiny (a hundredth of a percent, or so), but the deals are big, and the numbers add up.

You seem very angry, but that anger is apparently based on a very, very pooor understanding of banking.

DrSyn

BillJones wrote: »

What you did there is called "begging the question", in that you only allow answers which prove your point, and ask me to pick one. It's a pretty dishonest way to discuss things, and is only going to trap an idiot. It's about at the level of "have you stopped beating your wife".

The correct answer, for me, as for pretty much everyone in the busines, is that the bonus comes from the trading book profiit, and that this comes from dealing financial products with corporate clients. The cut on each deal is tiny (a hundredth of a percent, or so), but the deals are big, and the numbers add up.

You seem very angry, but that anger is apparently based on a very, very pooor understanding of banking.

Than you for replying

1. I am sorry you feel my post was dishonest. However you have not said just what product you do sell, nor denied it was not from the group I listed.

2. I am not angry in the least.Just distrustful of banks with their current bad behaviour. RBS bosses are not happy with getting a max bonus of 100% of salary,but want up to "200%, in a year they underperformed! The greed is good" idea has truly taken hold since "big bang". Both shareholders and customers of this bank at least have the right to be angery!


3. (a) I always thought that a bank took in money for which the paid the smallest amount of interest on and loaned it out for the maximum amount they could get away with. The difference being their profit.

3(b) Merchant banks would use their own money to bet with. If correct they won if they lost they and not some one else would lose money.

These methods in the past have allowed banks to become very rich with out the need for present day bad behavior. Please tell me where I am going wrong.

chanz4

We should start a thread for the banks, the consumer forced us to pay £20k on a section 75 claim when they only used our card for a £10 purchase.

chanz4

Also never let your partner loose in a car showroom