Halifax dirty trick

MUDGUTS

cashprincezac said (21-03-2008 4:39 PM, Post number 53)

Why are some people so short sighted and believe the media. This same media was saying that something was going on in the Shannon Matthews case.....CLEARLY they were wrong again as she was found safe and well (THANK GOD) and had nothing to do with her immediate family.
Don't believe everything you read!

http://news.bbc.co.uk/1/hi/england/bradford/7326006.stm

http://news.bbc.co.uk/1/hi/england/bradford/7331107.stm

http://news.bbc.co.uk/2/hi/uk_news/england/bradford/7333898.stm


Eat your words, idiot!

reallystressed

cashprincezac wrote: »

Well I will reply as clearly I am not stupid, I manage my finances and appreciate you have to work hard to get any where in life....and that banks are businesses. The bank is being responsible to its shareholders and not continuing to give people money that they can't afford. Maybe most people don't agree with you as they too work hard to keep their finances in order and appreciate banks are not charities

ok well yes of course you have to work hard to get anywhere in life , which myself and my partner (self employed/higher rate tax payer) do ...only to now have to try and work through this rcession and give all of our tax to this so called responsible business that was quite happy to turn a blind eye to all of the dodgy shenanigans of its greedy directors who lost all the share payers money in the first place !!! . how about cutting its customers some slack after all its just been bailed out billions of pounds by the goverment which we are paying for ....so they as much as anyone must now know what it is like to need help and yet they are nt passing it on ,, my partner runs a business and if he ran it anything like how the bank have been running things he would be liable for penaltys but obviously one rule for greedy bankers and another for hard working tax payers !! ...nobody sets out with a mindset to go out and get themselves in debt S**t happens , circumstances change , it is scary enough for people in debt without getting it in the neck from people , lets not kick people when they are down ....you never knw what is gonna happen in life , and hey if major banking institutions cant forsee what stupid mess they are getting themselves into then what hope is there for anyone else !!!

MiserlyMartin

cashprincezac wrote: »

This has no impact on a banks share price, all banks have been oversold....watch the space...there is money to be made in the banking sector....just remember who told you in a few months time. Personally just brought shares on Wednesday with HBOS , Barclays and Lloyds TSB. They are making millions and millions.

LOL:rotfl: This was from last March. Did you get out in time?

ShelfStacker_3

It's a shame he made that post a year ago. Given that the banks' shares could still bounce back, right now it makes perfect sense.

Grade_A_Reject

DGJsaver wrote: »

GET REAL how is halifax going to get there £750 back by taking the overdraft away ?
When they KNOW the OP is already paying pitiful amounts to pay off another debt

Thanks. I'd wondered why banks would bother removing the overdraft facility knowing it would be unlikely that they'd ever see their money but your post made me think about it again and could this be the answer......?

The customer owes £750 but the bank thinks it unlikely they'll ever get to see this money. So, they remove the overdraft facility reuslting in a spiral of interest and unarranged overdraft charges. The amount owed is now much greater than the original £750 owed so that when they sell the debt on to a collection agency they can do so at a much higher price than they would have done on the original amount. Just a thought.

doingmybest_3

Sorry to jump on to this post, but I'm going to be in a similar situation with them in July when they review my OD. I am not in a position to pay it all back and have been doing overtime at work to try to get enough money to reduce it. I was thinking asking them to reduce it on a monthly basis after I get paid - is this a good idea? I had asked them to convert it to a loan but I didn't get thru the credit check. The other option is to have my wages paid into another basic account that I have and then see if they will freeze the interest and allow me to pay it off that way. I would appreciate your advice on this guys cause I want to try and sort it out sooner rather than later.