Delayed Payment charge

DarylChippy

I have been stopped from working, I am a self-employed construction worker. I contacted blackhorse to say I would like payment delay, the only choice on offer at the moment is to delay payment from the 4th of April to the 30th of April, this is for now a temporary fix, but in doing this I have been charged £84.20, for changing the date from the beginning to the end of the month, this surely can only be considered as profiteering, can anything be done about this? I have complained, but was told this was a decision by the bank  

[Deleted User]

It's surely not profiteering but possibly accrued interest.

What is the payment you're looking to delay?

jonesMUFCforever

Are you sure the figure quoted is not the interest that would normally be charged anyway?
If so they are not profiteering.
A payment delay as you call it, others might call it holiday does not suppress interest.

[Deleted User]

The FCA has put proposals to banks and other lenders, requesting they reply to them by next week.