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Interest payments when on Benefits
inspirespirit
Posts: 461 Forumite
I have read on a Facebook page that if you are on benefits, that the bank cannot charge you interest if you accidentally go over your overdraft. Does anyone know if this is true please?
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Comments
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No it is not true.0
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Not true.
Facebook is not a reliable source of financial info.0 -
A link to the page would be interesting.inspirespirit wrote: »I have read on a Facebook page that if you are on benefits, that the bank cannot charge you interest if you accidentally go over your overdraft. Does anyone know if this is true please?Are you for real? - Glass Half Empty??
:coffee:0 -
It's on a page called 'Fill My Family on a Budget'. A lot of people appear to be getting charges back. They are just ringing up though, and I wondered if there was a particular protocol (if it actually was true, which people here seem to think not.
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how do I post a picture please off my laptop. I have downloaded a photo someone put on with the info that says you don't have to pay charges if on benefits. clicked pic but it wants a website address which I dont have.0
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did it. :T0 -
"Charging" and "taking charges" are not the same.
They can charge you and you owe them the money as a result.
Under certain circumstances they can't take money from your account.
If you don't pay what you owe you'll have your account closed eventually.0 -
inspirespirit wrote: »how do I post a picture please off my laptop.
Open an account with one of the photo/image hosting sites. Upload your picture then you have an URL you can use.
But then, as the information is obviously wrong, it might not be worth the effort.
PS. Here is the correct information:
HOWEVER by 'charges' they DO NOT MEAN BANK CHARGES. What is meant is things like attachment of earnings and charging orders.
http://www.consumerwiki.co.uk/index.php/Benefits_and_the_Social_Security_Administration_Act0 -
Bank charges are charges for a service provided and are not exempt under the laws.DEBT FREE!
Debt free by Xmas 2014: £3555.67/£4805.67 (73.99%)
Debt free by Xmas 2015: £1250/£1250 (100.00%)0 -
gingerfurball... does that mean we are entitled to get them back please?0
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