Xbox have taken £4000 pounds from our account

grumbler

diamonds wrote: »

For anyone wanting clarification to dispel Grumblers misinformation and personal attacks on me:

Consumer Credit Act 1974 - credit products and services cannot be marketed to under eighteen year olds.

Now this is really funny.
What does CCA have to do with 'banking licence'?
And did anybody argue about "marketing"?! Personally, I said "maybe" because I didn't know and this was absolutely irrelevant regardless. The argument was about lending, not marketing.

50,000 posts does not make a MSE user a expert on anything, always research ANY information posted by any non MSE username titled member of staff to protect yourself.

Yeah. Keep posting your misinformation. Those who this "information" is addressed to are supposed to do "research" to find out if it's true or not, but regulars are supposed to keep away and not to question it.
Really helpful.
NOT.

diamonds wrote: »

MSE users please be responsible and post known facts, don't dispute things you know nothing of, people may take advice literally on your misinformation and extend themselves into a legal position where they find themselves with their back against the wall.

Absolutely...
Did you quote it from MSE? I am asking because they seem to have problems with apostrophes too..

benjus

You claimed that it is illegal to send marketing materials for credit products to a minor. No-one disagreed with you on that.

You claimed that it is not possible to enforce a minor's debt. No-one disagreed with you on that.

You claimed that it is illegal for a bank to lend money to a minor. Others disagreed with you. Nothing that you have posted backs up this claim.

diamonds

benjus wrote: »

You claimed that it is illegal to send marketing materials for credit products to a minor. No-one disagreed with you on that.

You claimed that it is not possible to enforce a minor's debt. No-one disagreed with you on that.

You claimed that it is illegal for a bank to lend money to a minor. Others disagreed with you. Nothing that you have posted backs up this claim.

Grumbler did disagree, when I challenged that he changed the matter at hand, implying I was answering something else.

Read back, a minors credit agreement must be authorised by a responsible adult, guardian parent. The OP has not done such. That is a illegal contract and any court will throw it out.


A licensed UK financial institution cannot market or extend credit to under 18 WITHOUT a signee. It is a illegal contract. Any of the contract parties must be non minor and over 18 to make the contract legally binding.


For more info on minors and contracts read this


http://www.inbrief.co.uk/contract-law/contract-with-minors.htm

KJSmith

Even without an arranged overdraft facility any current account has the possibility of entering an unplanned/unauthorised/unarranged overdraft. This includes current accounts for minors.

It is only an offence to market credit to a minor if you have a view to financial gain. Even though youth accounts can enter an unauthorised overdraft the banks do no market this aspect. You'll find that for youth accounts the bank will try to prevent the account becoming overdrawn where they can. If it does occur, there are no charges or interest due so there is no view to financial gain anyway.

It is not an offence to lend money to a minor. Nothing posted in this thread proves otherwise.

The account/card holder is responsible for their spending. In terms of allowing the transactions to occur there is no bank error. The debt does exist. But it isn't enforceable in a court.

A complaint about the information you were told when setting up the account might be upheld.

Copying and pasting lots of (irrelevant) links and information from other websites does not make you a legal expert.

Copying and pasting long pieces of text from other websites may be a breach of copyright and is certainly a breach of forum etiquette (see: http://forums.moneysavingexpert.com/mseetiquette.php)

grumbler

diamonds wrote: »

Grumbler did disagree,

Really? When/where exactly?
Like others, I disagreed on lending only, not marketing and enforcing.

when I challenged that he changed the matter at hand, implying I was answering something else.

Yet again, this has never happened - except in your mind. I didn't "change"/"imply" anything.

Read back, a minors credit agreement must be authorised by a responsible adult, guardian parent. The OP has not done such. That is a illegal contract and any court will throw it out.

A licensed UK financial institution cannot market or extend credit to under 18 WITHOUT a signee. It is a illegal contract. Any of the contract parties must be non minor and over 18 to make the contract legally binding.

For more info on minors and contracts read this

http://www.inbrief.co.uk/contract-law/contract-with-minors.htm

Contracts aren't legally enforceable. You can call them "illegal" if you want.
Lending isn't illegal. Period.

ETA: I see now that you cannot answer the questions. Good to see that MSE towers made the right decision to PPR you.

HappytobehereinsunnyBT80

Nationwide

Ballard

grumbler wrote: »

Really? When/where exactly?
Like others, I disagreed on lending only, not marketing and enforcing.
Yet again, this has never happened - except in your mind. I didn't "change"/"imply" anything.
Contracts aren't legally enforceable. You can call them "illegal" if you want.
Lending isn't illegal. Period.

ETA: I see now that you cannot answer the questions. Good to see that MSE towers made the right decision to PPR you.

What does PPR mean?

Edit: I've found out now. It's a shame that it had to go that far but I'm afraid that it had to happen.

ceredigion

Ballard wrote: »

What does PPR mean?

Edit: I've found out now. It's a shame that it had to go that far but I'm afraid that it had to happen.

Posting privileges removed