Bank Charges OFT Test Case Discussion

devil26

borgbaiter wrote: »

hi again

light bulb moment

there subject to unfairness says the judge.... but he hasnt said there unfair.... he also says there in plain intelligible language..... he also says there not penalty charges....

I read it that if dd s have been paid its a service charge and if they havent, its a penalty

borgbaiter

devil26 wrote: »

I read it that if dd s have been paid its a service charge and if they havent, its a penalty

says if its not paid it isnt a service isnt quite the same


borgbaiter

techspec

borgbaiter wrote: »

hi again

light bulb moment

there subject to unfairness says the judge.... but he hasnt said there unfair.... he also says there in plain intelligible language..... he also says there not penalty charges....


forgive me if im wrong but this seems like a loss to me not a victory

the ultimate spin

ok there subject to unfair terms yes

but if there in plain intelligible language then they dont have to be reasonable

if the arnt subject to common law then they dont have to relate to cost

so in my opinion banks have won because they can charge what they say, if its in plain inteligible language. which is what judge says it is. reasonable only enters into it if it isnt in plain inteligible language.

the common law argument has also gone so were all screwed.


anyone with a reasoned argument let me know im wrong

Because he said that they were subject to unfair terms in consumer contracts regulations, it means that they now fall under the juristiction of the OFT. Subject to an appeal, the OFT must now decide what the charges should be. They decided £12 was fair for credit cards.

But as Martin as pointed out many times, the regulations clearly state that these charges should reflect the true cost to the bank. The costs are said to be around £2.50, so anything above that is still unfair, which is why credit card companies are still having to refund the lot.

As it stands, this is a victory for the OFT and customers. But only if the banks roll over and accept it, which many think is unlikely.

borgbaiter

techspec wrote: »

Because he said that they were subject to unfair terms in consumer contracts regulations, it means that they now fall under the juristiction of the OFT. Subject to an appeal, the OFT must now decide what the charges should be. They decided £12 was fair for credit cards.

But as Martin as pointed out many times, the regulations clearly state that these charges should reflect the true cost to the bank. The costs are said to be around £2.50, so anything above that is still unfair, which is why credit card companies are still having to refund the lot.

As it stands, this is a victory for the OFT and customers. But only if the banks roll over and accept it, which many think is unlikely.

they can accept it because it means nothing. they wont because its better for them to keep it going with us all in hope awaiting an outcome in our favour


but then that outcome isnt what most people think it is
.




borgbaiter

chasancrai

jamesevans25 wrote: »

chasancrai I think you are playing devils advocate because there is no way, unless you dont really understand what is going on, that you can beleive that bank charges are fair. It is not about poor people or better off people, although it is more likely poorer people will incur charges, its about banks operating in a way that is unfair to ALL consumers. The fact that some people get stuck in a debt spiral is the banks fault because of these charges.

If you have an issue with this then you are an ignorent idiot who has no social conscience.

Have a conscience and a brain and still believe that i should not pay for the mismanagement of others

Everyone has a choice in life, make mistakes and you pay penalties. As so many peeople have said get a basic bank account which cannot go overdrawn. Some of the morons on here including yourself need to stop whining about other people not paying there way and get on with it

chasancrai

borgbaiter wrote: »

why dont you shut up you moron

walk a mile in someones shoes before you deem yourself worthy to judge them

life has a way of making desitions for you

i wish life would teach you all i know

now shut up

So you want to share the cost of your mistakes with decent people who stay within the published conditions of their accounts.

You will all bleat again in a few months when you are charged at cashpoints or for writing cheques. Still will give you something in your sad little life. Come and join me on this side of the road, much better!

So in summary perhaps you shoud be the one who shuts up

borgbaiter

chasancrai wrote: »

Have a conscience and a brain and still believe that i should not pay for the mismanagement of others

Everyone has a choice in life, make mistakes and you pay penalties. As so many peeople have said get a basic bank account which cannot go overdrawn. Some of the morons on here including yourself need to stop whining about other people not paying there way and get on with it

so why should we give you a free ride on your banking obligations. you should pay for what you use. if you make a payment or withdraw cash why should i pay for that for you?

take responsibility for your use of use of the banks.

nothing in life should be free


borgbaiter

PhiltheBear

chasancrai wrote: »

. As so many peeople have said get a basic bank account which cannot go overdrawn.

Yes it can. Especially after a bank has applied a charge for refusing to pay out. Thus, if you issued a cheque for 10p and had 5p in the account the bank will charge you a)£35 for not paying your cheque and b) not meet the cheque either. So, if you have a Basic account you are caught twice.

Learn your facts before commenting.

borgbaiter

chasancrai wrote: »

So you want to share the cost of your mistakes with decent people who stay within the published conditions of their accounts.

You will all bleat again in a few months when you are charged at cashpoints or for writing cheques. Still will give you something in your sad little life. Come and join me on this side of the road, much better!

So in summary perhaps you shoud be the one who shuts up

you prove i cost anyone anything ill pay it

borgbaiter

chasancrai

borgbaiter wrote: »

so why should we give you a free ride on your banking obligations. you should pay for what you use. if you make a payment or withdraw cash why should i pay for that for you?

take responsibility for your use of use of the banks.

nothing in life should be free


borgbaiter

You totally miss the point, you also enjoy this free now but you should pay for your own errors.