Banks taking the p*ss again!
26 September 2012, 06:01 PM
#1
Banks taking the p*ss again!
After all the furore that he went through, my eldest managed to eventually get straight with Lloyds TSB, but not before having to lay down the rules that THEY must abide by. (They did so, and refunded him nearly £700 of charges and interest!).
Three weeks ago, my youngest's bank (HSBC this time), wrote and told him to contact them about his overdraft, (free student one,) since his account was dormant.
He rang to explain that he was finished at uni, unemployed and was about to be in receipt of JSA, so would it be alright to take the account OUT of dormancy by 30th Septmeber?
Yes, that would be OK.
One week later, they write again, saying he hasn't contacted them, and so his overdraft facility is cancelled and he must pay it off within 180 days
Now on £46 pw, if he paid them EVERY PENNY he gets, he would only be able to pay off just under £1100 in that time.
Are they bothered? Nope. He rang and tried to get them to move, no, they HAVE a note on the system about waiting for 30th September, but decided to go ahead and cancel it anyway. B@st@rds!
So he's written explaining the situation and telling them that he refuses to make contact by phone any more, so that they have to stick to promises, and explaining that he can, at present, afford £5 per week off his o/d. He has also asked them NOT to add charges and interest, in accordance with their original agreement, until he gets employment.
I think that is fair.
We await their response.
Three weeks ago, my youngest's bank (HSBC this time), wrote and told him to contact them about his overdraft, (free student one,) since his account was dormant.
He rang to explain that he was finished at uni, unemployed and was about to be in receipt of JSA, so would it be alright to take the account OUT of dormancy by 30th Septmeber?
Yes, that would be OK.
One week later, they write again, saying he hasn't contacted them, and so his overdraft facility is cancelled and he must pay it off within 180 days
Now on £46 pw, if he paid them EVERY PENNY he gets, he would only be able to pay off just under £1100 in that time.
Are they bothered? Nope. He rang and tried to get them to move, no, they HAVE a note on the system about waiting for 30th September, but decided to go ahead and cancel it anyway. B@st@rds!
So he's written explaining the situation and telling them that he refuses to make contact by phone any more, so that they have to stick to promises, and explaining that he can, at present, afford £5 per week off his o/d. He has also asked them NOT to add charges and interest, in accordance with their original agreement, until he gets employment.
I think that is fair.
We await their response.
26 September 2012, 06:39 PM
#5
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I was just assuming that £1500 was what most people had as rainy day money, sorry I was wrong.
I would lend him it, but, sadly, I too would want repayment with interest.
I would lend him it, but, sadly, I too would want repayment with interest.
26 September 2012, 06:48 PM
#6
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26 September 2012, 06:51 PM
#7
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It's not Eton at all .......... I am sure that 99% of posters on here can lay their hands on £1,500 without any trouble at all.
I'm just sorry that alcazar isn't one of them - that's all.
I'm just sorry that alcazar isn't one of them - that's all.
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26 September 2012, 09:08 PM
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26 September 2012, 09:49 PM
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27 September 2012, 10:54 AM
#15
In the end, they know that if they push, he will go before a court and explain his finances and the bank will be awarded £1 a week, or similar.
Courts have no time for banks at the moment, especially if they are seen to be screwing the little guy.
27 September 2012, 11:19 AM
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Ok so you think you can push a bank around, and your thread title says banks taking the pi$$ again. Sorry but due to reasons of illogicality, i'm out.
27 September 2012, 01:15 PM
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After all the furore that he went through, my eldest managed to eventually get straight with Lloyds TSB, but not before having to lay down the rules that THEY must abide by. (They did so, and refunded him nearly £700 of charges and interest!).
Three weeks ago, my youngest's bank (HSBC this time), wrote and told him to contact them about his overdraft, (free student one,) since his account was dormant.
He rang to explain that he was finished at uni, unemployed and was about to be in receipt of JSA, so would it be alright to take the account OUT of dormancy by 30th Septmeber?
Yes, that would be OK.
One week later, they write again, saying he hasn't contacted them, and so his overdraft facility is cancelled and he must pay it off within 180 days
Now on £46 pw, if he paid them EVERY PENNY he gets, he would only be able to pay off just under £1100 in that time.
Are they bothered? Nope. He rang and tried to get them to move, no, they HAVE a note on the system about waiting for 30th September, but decided to go ahead and cancel it anyway. B@st@rds!
So he's written explaining the situation and telling them that he refuses to make contact by phone any more, so that they have to stick to promises, and explaining that he can, at present, afford £5 per week off his o/d. He has also asked them NOT to add charges and interest, in accordance with their original agreement, until he gets employment.
I think that is fair.
We await their response.
Three weeks ago, my youngest's bank (HSBC this time), wrote and told him to contact them about his overdraft, (free student one,) since his account was dormant.
He rang to explain that he was finished at uni, unemployed and was about to be in receipt of JSA, so would it be alright to take the account OUT of dormancy by 30th Septmeber?
Yes, that would be OK.
One week later, they write again, saying he hasn't contacted them, and so his overdraft facility is cancelled and he must pay it off within 180 days
Now on £46 pw, if he paid them EVERY PENNY he gets, he would only be able to pay off just under £1100 in that time.
Are they bothered? Nope. He rang and tried to get them to move, no, they HAVE a note on the system about waiting for 30th September, but decided to go ahead and cancel it anyway. B@st@rds!
So he's written explaining the situation and telling them that he refuses to make contact by phone any more, so that they have to stick to promises, and explaining that he can, at present, afford £5 per week off his o/d. He has also asked them NOT to add charges and interest, in accordance with their original agreement, until he gets employment.
I think that is fair.
We await their response.
Also a good reason not to bail him out like Pete suggests (& yes £1500 isn't much but I still wouldn't lend it to my kids without a standing order in place to re-pay it).I'm not sure the bank are doing anything wrong really, he had a student account with a free overdraft, he used it, now he's no longer a student so they want their money back (or they'll start chargiong interest, late payment fees etc.). I'd talk to them and try to agree some sort of repayment method just to show willing if nothing else.
Asides which if he isn't studying why isn't he working, even if it's just something temporary in the supermarket, MCDonalds, local building site, whatever. Nothing a future employer frowns upon more than than if you been sat on you **** scrounging of the state while waiting for your dream job to come along. What did he study?
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27 September 2012, 04:29 PM
#20
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I was able to impress on my bank quite successfully that they "must" refund me the PPI payments which they charged me without any such request from me, as well as the interest due too!
Les
Les
27 September 2012, 04:35 PM
#21
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A few 'know-it-alls' on here wouldn't believe me. I take your payments were also hidden in the interest amounts?
27 September 2012, 06:10 PM
#22
I'm not sure the bank are doing anything wrong really, he had a student account with a free overdraft, he used it, now he's no longer a student so they want their money back (or they'll start chargiong interest, late payment fees etc.). I'd talk to them and try to agree some sort of repayment method just to show willing if nothing else.
Apart from telling him he must repay the whole lot within 180 days, despite not being in work?
No, not much wrong there.
A
sides which if he isn't studying why isn't he working, even if it's just something temporary in the supermarket, MCDonalds, local building site, whatever. Nothing a future employer frowns upon more than than if you been sat on you **** scrounging of the state while waiting for your dream job to come along. What did he study?
Neither can he afford to move away, since he would have £6.40 an hour and nowhere to live.
He's applied for well over 200 jobs........and nothing. Two interviews.
He has a degree in chemistry form Hull Uni.
27 September 2012, 06:33 PM
#23
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Sorry i don't want to bang on, but you're bitching about a bank not upholding something mentioned during a phone conversation, rather than a written contract as part of a defined product.
In my eyes you don't have a leg to stand on, and any amount of the bank WILL do this and that will only compound your frustration.
In my eyes you don't have a leg to stand on, and any amount of the bank WILL do this and that will only compound your frustration.
27 September 2012, 06:38 PM
#25
Scooby Regular
Great idea......so how, precisely, do people with no income and no rich parents go to university, then?
Doing nothing wrong? Well apart from telling him he would be OK if he paid in £10 minimum by 30th September to get the account out of dormancy, then brealing that agreemanet within one week and BEFORE the 30th September?
Apart from telling him he must repay the whole lot within 180 days, despite not being in work?
No, not much wrong there.
A
He isn't working because he CAN'T GET A JOB! He's applied for loads, but is now overq1ualified for supermarket shelf filling, (and round here, yoiu don't get in with Tossco and the like unless you have family already working there), and tthere are no qualified jobs. This sin't the south east you know.
Neither can he afford to move away, since he would have £6.40 an hour and nowhere to live.
He's applied for well over 200 jobs........and nothing. Two interviews.
He has a degree in chemistry form Hull Uni.
Doing nothing wrong? Well apart from telling him he would be OK if he paid in £10 minimum by 30th September to get the account out of dormancy, then brealing that agreemanet within one week and BEFORE the 30th September?
Apart from telling him he must repay the whole lot within 180 days, despite not being in work?
No, not much wrong there.
A
He isn't working because he CAN'T GET A JOB! He's applied for loads, but is now overq1ualified for supermarket shelf filling, (and round here, yoiu don't get in with Tossco and the like unless you have family already working there), and tthere are no qualified jobs. This sin't the south east you know.
Neither can he afford to move away, since he would have £6.40 an hour and nowhere to live.
He's applied for well over 200 jobs........and nothing. Two interviews.
He has a degree in chemistry form Hull Uni.
He has a degree and has applied for 200 jobs without success?
Something is very wrong there
27 September 2012, 06:53 PM
#26
nothings wrong it just serves to prove that thier is no point training for jobs that don't excist, the quicker the goverment wake up to the fact the better, my cousin got a levels and 3 degrees and ended up being a cashier in barclays, waste of her mothers and taxpayers money imho
27 September 2012, 07:44 PM
#29
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nothings wrong it just serves to prove that thier is no point training for jobs that don't excist, the quicker the goverment wake up to the fact the better, my cousin got a levels and 3 degrees and ended up being a cashier in barclays, waste of her mothers and taxpayers money imho
Sorry mate but that nonsense proves nothing.When he told you 'he got a levels' I think he meant he likes brown love and 'eats da poo poo'
And the only three degrees your cousin has is a CD of these lovely people
