bank robbers

[stevieweevie]

I know i am probably in the same boat with you all, but i am getting absolutely battered by the bank charges, it seems they are just making it up as they go along, how can they get away with this!!!!!!

[MrBounty]

Go to this thread:

http://www.theanswerbank.co.uk/ChatterBank/Que stion579431-2.html

RevFunk can talk you through how to borrow �40K and not pay it back.....

[Loosehead]

Bank charges are generally penalties for unauthorised overdrafts, banks love them because they are huge in comparison to tiny amounts of lending. The key is discipline, ie if you know spending �10 will push you over your agreed limit and cost another �30 in fees, then, don't!

I know it's easier said than done but I have found in most cases a person can get out of the "need money/must endure charges" cycle in 1 month.

Does this sound familiar? overdraft limit is X wages go in each month and offset most of the overdraft possibly even put you back in credit. Trouble is at the end of each month there's not quite enough so for the last few days you are over your agreed limit, bang, charges for each indescretion making it harder and harder to ever get within agreed limits.

Solution. You have to live like you have no money for 1 month, you won't starve, you may have to go without beer and fags, you may have to stay in for a month. Once you've done it then it should be a lot easier to stay within limits and avoid charges.

[stevieweevie]

Thanks, Damm this life of toil and hardship!!!!!!!Makes you want to kick these over paid nancy football fairy's in their propper balls.

[Loosehead]

On the bright side potentially, is that you may be able to reclaim charges that are considered unreasonable. I think there is a test case going through at the moment. Essentially the case revolves around the idea that banks should only charge an amount that is reasonable to cover their expenses. So you go overdrawn they write to you and charge you �30, in fact it probably cost them abut a quid to actually do that! Anyway keep all your bank statements you may yet get most of your dosh back!