I never signed the credit agreement but have the money, where do I stand?

Captain_Mainwaring_2

Yes, banks do make mistakes, and having been through the mill myself (of my own making), one of the frustrations was to have a bank bounce a cheque for a tenner and charge £25 for doing so - this didn't seem that fair but then if I had run the account properly it wouldn't have happened.

It's all very well for the worshipful martin to tell everyone to renage on their obligations because a bank cannot find a 12 year old credit agreement, but the long and the short of it is that banks will club together and there will be an unofficial "pain in the harris" list, and those customers who get themselves on that list may well find good quality banking facilities difficult to obtain.

abbeylover

Captain_Mainwaring wrote: »

Yes, banks do make mistakes, and having been through the mill myself (of my own making), one of the frustrations was to have a bank bounce a cheque for a tenner and charge £25 for doing so - this didn't seem that fair but then if I had run the account properly it wouldn't have happened.

It's all very well for the worshipful martin to tell everyone to renage on their obligations because a bank cannot find a 12 year old credit agreement, but the long and the short of it is that banks will club together and there will be an unofficial "pain in the harris" list, and those customers who get themselves on that list may well find good quality banking facilities difficult to obtain.

I think if the banks are going to charge for mismanagement of an account, maybe an idea would be to charge the fee in relation to what you tried to spend, i.e. if you only go over your overdraft by say £20 then you get charged a set percentage of say 5% each time. So if you make a small mistake then you wont pay as much no where £35 or £12. I still think claiming back fees from years ago is totally immoral and personally i think it will come back to bite people who claimed really hard.