Associate
- Joined
- 21 Jan 2005
- Posts
- 346
If you cant afford to run a car dont have one.
It doesnt matter if you earn £50 a week or £500. Live within your means.
Banks win Supreme Court case on overdraft charges
- Thread starter Neverwhere
- Start date
If you cant afford to run a car dont have one.
It doesnt matter if you earn £50 a week or £500. Live within your means.
Exactly, which makes it even the more stupid to expect them to and leave the direct debit free to bounce.
- Joined
- 8 Nov 2009
- Posts
- 196
many people are unable to get overdrafts due to insufficient income its even worse now.
so in answer to your question, no. And generally the family`s I mention don't stick their head in the sand, they contact the banks, repeatedly, asking for help, if not begging for it. I know this for a fact because my mother was one.
one disgusting example of a charge she could not get them to refund, she gave £3 a month to the NSPCC, it sent her £0.50p over... £39 in charges please.
in the end I reclaimed £2200 from halifax over six years and charged them compound interest, total payout after six months of work by me was £3400.
right, mum or dad should just give up there job that's miles from their home with poor/unreliable/expensive public transport.
don't talk rot please.
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- Joined
- 8 Nov 2009
- Posts
- 196
mitigating circumstances and a **** of an ex husband. the point still stands, £3 to charity, £40 to the bank.
Have you looked at whether they discount it for direct debit payments? Or as it's otherwise known, charge extra for non-direct debit payments.
From the npower site
Have you looked at whether they discount it for direct debit payments? Or as it's otherwise known, charge extra for non-direct debit payments.
I can't see anything suggesting that to be honest, maybe you can?
http://www.thameswater.co.uk/cps/rde/xchg/corp/hs.xsl/574.htm
- Joined
- 8 Nov 2009
- Posts
- 196
Have you looked at whether they discount it for direct debit payments? Or as it's otherwise known, charge extra for non-direct debit payments.
From the npower site
most companys will charge you a fee for using your card these days. bt, british gas, virgin media will all charge between £3 and £5 per transaction.
yep it's disgusting that she should be charged for setting up a direct debit, for something she didn't need to pay, and something which would have been more cost effective if she'd dropped £3 in a tin rather than signing up for a direct debit.
terrible example
the point doesn't stand in the slightest, spending money she hasn't got on something she doesnt need to
- Joined
- 8 Nov 2009
- Posts
- 196
not when she has been giving her £3 a month for the previous 4 years without incident. only when my stepfathers company started running into difficulty without him letting on just how bad it was, did problems start to occur.
he deserved to lose everything, she did not. In the end she lost her cheating husband, her house and her income through no fault of her own beyond being a trusting caring timid wife.
Soldato
- Joined
- 14 Feb 2004
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- 14,315
- Location
- Peoples Republic of Histonia, Cambridge
I’ve never had a bank change in my life but I see the system as it stands a farce.
Banking is either free or it’s not. If it’s not free then everyone should be pay rather than lumbering a few with unfair and arbitrary punitive charges.
The idea that reducing unfair unauthorised overdrafts charges will make everyone pay for the mistakes of a few people that can’t mange their money properly just isn’t true. Unauthorised overdrafts in reality cost the banks very little and the charges should reflect that.
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Sorry but that's the fault of the a-hole husband nothing to do with the bank charges. She didn't have enough money to cover a direct debit ergo she shouldn't have had a direct debit in the first place. The circumstances are irrelevant, especially when they regard a completely unrelated reason why she didn't have enough money.
BT is £1.50 a month, a bit better than a bank charge.
Virgin Media, they charge a whopping fiver so I might suggest moving broadband providers if you can't afford it, there are plenty with charges nowhere near that high and plenty of cheaper broadband providers full stop. Unless we're talking about a TV package here?
What? If they don't pay it, who's expecting them to?
Are you missing the point on purpose? A failed DD doesn't impact them financially one bit, so the £30 charge for it is ridiculous.
You're just making things up if you go on about people expecting them to pay it for you.
I do agree that the charge amounts are unfair and should be reduced, but I don't see it as unreasonable that there is some penalty.
If we're talking about a tv package then get rid of it...? if people are living on the very brink of their means such that a £30-40 charge is going to unrecoverable from then they shouldn't be throwing money at luxuries such as cable tv.
**************** What's your issue? You must work for a bank and have shares as well.
Personal attacks are strictly against the rules.
Sorry I haven't really got a clue what you're on about. Until you explain to me the benefit of leaving a direct debit going when you are so close to the breadline then I'm out.
http://news.bbc.co.uk/1/hi/business/8378141.stm
1. Why didn't she just arrange to have one or two days between transactions to stop all the problems?
2. Life must be hard as she says, damn all those DVDs in the background..
1. Why didn't she just arrange to have one or two days between transactions to stop all the problems?
2. Life must be hard as she says, damn all those DVDs in the background..