We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Late fee, should we not be charged?

youknowwho · 2007-08-03 19:12:26

what would happen if we never got charged anything for being late? THe whole thing would be a sham, if there was no punishemnt for being late than noone would make the effort to pay on time, interest charges would get mixed up and we would all just take the micheal. What is anyone elses opion on this? I beleive that there…

Comments

jonesMUFCforever Posts: 28,898 Forumite

5 August 2007 at 10:15PM

I also remember those days (just!).
Lloyds bank were the 4th biggest bank in UK behind Midland, Barclays and Nat West.
I remember in 1979 they recorded record profits of £48million!
This year profits will be somewhere in the region of £4 billion.

0