Bank Charges:( - Page 2 - SV650.org

13-01-07, 05:55 PM

Saw this on the BBC news web site recently:

http://news.bbc.co.uk/1/hi/business/6170209.stm

rgds

northwind · 13-01-07, 06:34 PM

A certain high street bank- who I don't work for btw

- has decided to reject every single one of those letters, since they've made the (probably quite accurate) assumption that most people won't follow it up. If they do, then the bank will fold and pay out immediately to avoid legal costs.

13-01-07, 07:50 PM

see I'd love to do that...the only problem it that the bank who stung me are the same ones i work for

I just get it back in drinks at the christmas parties instead

Red ones · 13-01-07, 07:52 PM

And of course the Bank can refuse future tade, and/or close any existing account. If they offer you 0% is it really worth the fuss?

northwind · 13-01-07, 07:58 PM

Quote:

Originally Posted by jenni

see I'd love to do that...the only problem it that the bank who stung me are the same ones i work for

When I joined the Bank (pre merger) it was a disciplinary offence to get bank charges

And they'd only pay you into a staff bank account held by them. All totally illegal o'course but they did it anyway, since people will tend not to argue.

13-01-07, 08:02 PM

Interesting.

Check my signature.

13-01-07, 08:45 PM

Northy, Ed I value your opinion and comments so let me give you the full picture.

This is a Finance Deal which I got through Hein Gericke when I bought £300 of gear. They offered 10 months 0% finance so I took it. I have always been punctual with my payments and the only reason why I don't clear the balance at this stage (about £150) is because I prefer the money in my savings account than with the Finance Company.

So if they decide to ask me to pay off the whole amount and they should close my account then fine by me.

I will take it as far as possible - and that means that I will go to small claims court and will read any laws relevant to the case because I DO NOT accept that their charges are fair and actually cover their expenses for not getting my Direct Debit on the day. Plus when I received the letter today I rang them immediately to make sure they had the money and paied them by card over the phone.

BUT £42.50 to cover admin costs?? FFS how much do they pay per hour their staff??

13-01-07, 08:47 PM

Quote:

Originally Posted by BigApe

Interesting.

Check my signature.

I knew I saw a site somewhere

Cheers mate I'll be on there posting soon

northwind · 13-01-07, 08:48 PM

Is it Black Horse that do the finance? Or Capital Bank? Sounds like it'll be one of the two... Yeah, fire at will in that case

Are you paid up to date now? It'd be a good idea to do that first if not, generally, then go for it.

13-01-07, 09:38 PM

It's Clydesdale Financial Services and I'm paid up to date yeap

13-01-07, 06:34 PM	#12
northwind Moderator Mega Poster Join Date: Jan 2004 Location: In the garage where I belong Posts: 17,083	A certain high street bank- who I don't work for btw - has decided to reject every single one of those letters, since they've made the (probably quite accurate) assumption that most people won't follow it up. If they do, then the bank will fold and pay out immediately to avoid legal costs. __________________ "We are the angry mob, we read the papers every day We like what we like, we hate what we hate But we're oh so easily swayed"

13-01-07, 08:48 PM	#19
northwind Moderator Mega Poster Join Date: Jan 2004 Location: In the garage where I belong Posts: 17,083	Is it Black Horse that do the finance? Or Capital Bank? Sounds like it'll be one of the two... Yeah, fire at will in that case Are you paid up to date now? It'd be a good idea to do that first if not, generally, then go for it. __________________ "We are the angry mob, we read the papers every day We like what we like, we hate what we hate But we're oh so easily swayed"

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13-01-07, 05:55 PM	#11
rpwoodman Guest Posts: n/a	Saw this on the BBC news web site recently: http://news.bbc.co.uk/1/hi/business/6170209.stm rgds

13-01-07, 07:50 PM	#13
jenni Guest Posts: n/a	see I'd love to do that...the only problem it that the bank who stung me are the same ones i work for I just get it back in drinks at the christmas parties instead

13-01-07, 07:52 PM	#14
Red ones Member Mega Poster Join Date: Jul 2003 Location: Hertfordshire Posts: 1,422	And of course the Bank can refuse future tade, and/or close any existing account. If they offer you 0% is it really worth the fuss?

13-01-07, 08:02 PM	#16
Stig Guest Posts: n/a	Interesting. Check my signature.

13-01-07, 08:45 PM	#17
600+ Guest Posts: n/a	Northy, Ed I value your opinion and comments so let me give you the full picture. This is a Finance Deal which I got through Hein Gericke when I bought £300 of gear. They offered 10 months 0% finance so I took it. I have always been punctual with my payments and the only reason why I don't clear the balance at this stage (about £150) is because I prefer the money in my savings account than with the Finance Company. So if they decide to ask me to pay off the whole amount and they should close my account then fine by me. I will take it as far as possible - and that means that I will go to small claims court and will read any laws relevant to the case because I DO NOT accept that their charges are fair and actually cover their expenses for not getting my Direct Debit on the day. Plus when I received the letter today I rang them immediately to make sure they had the money and paied them by card over the phone. BUT £42.50 to cover admin costs?? FFS how much do they pay per hour their staff??

13-01-07, 09:38 PM	#20
600+ Guest Posts: n/a	It's Clydesdale Financial Services and I'm paid up to date yeap