Mis Sold a credit card whilst a student?

Nasqueron

thares07 wrote: »

Really why do people have to be so rude. This is a genuine question and in my opinion people are being rude and negative. When I posted my first post people were rude and make me feel stupid and degraded. I think people need to learn how to have some people skill and how to answer a question with respect for the person asking the question even if it goes against what the OP opinion.

Not all post are rude and some have constructive criticism.

Rude or just blunt?

OP wants compensation because the bank bent their rules to give him a CC - he could have refused it. He could not have used it. The card gave him 2 clear benefits - S75 protection for purchases and up to 56 days interest free on payments. He used the card so it was clearly useful.

Now he wants compensation but has not identified any reason why he feels he should get it. Compensation is for material loss as a result of an incident.

As an example I got £25 from my bank (without asking I would add) because they failed to cash 1 of 2 cheques I deposited in an ATM in the same envelope - the value of the cheque was small but if it meant a payment I was making bounced I would have a material loss - I could justifiably ask for compensation for the fees.

What has the OP lost as a result of being given this card? If he can demonstrate some issue then he could ask for compensation, if he wants money because they gave him a CC that he agreed to then he is just being greedy.

Student accounts often have credit cards without the limits associated with mainstream accounts.

agrinnall

You can't mis-sell something that has no cost to obtain - if you had never used the card there would have been nothing to pay.

Paul_1977

cradle to grave, cradle to grave................................

SuperHan

. I think people need to learn how to have some people skill and how to answer a question with respect for the person asking the question

Some of us have people skills, others among us have financial skills.

The two don't always overlap.

You're looking in the wrong place if you want a forum filled of those with good people skills. You'll find more of the latter here.

thares07

R_P_W wrote: »

Compensation????

Seriously? You are having a laugh right?

So what would this come under

Financial skill or People skill? :beer:

TBeckett100

Did you end up graduating? I love how people come over all innocent and missold. So many people are missold things they use straightaway.

thares07

TBeckett100 wrote: »

Did you end up graduating? I love how people come over all innocent and missold. So many people are missold things they use straightaway.

Totally agree,but thats all teenager will know. There are company's that make millions every year with mis-sold cases. Constantly on the news,papers everywhere.

R_P_W

thares07 wrote: »

So what would this come under

Financial skill or People skill? :beer:

I find the lack of personal responsibility by a lot of posters on this forum pretty shocking.

OP - you knew what a credit card was right? You knew you were borrowing and it would need to be paid back? You knew that if you didn't pay off straight away that you would be charged interest?

Or is this another case of the big nasty bank tricking you?

chattychappy

I expect many students will come to think they were missold their university education.... and actually I have more sympathy with that one!

bris

petesp25 wrote: »

I certainly was more naive then.

I don't think much has changed.