debt in uk
Dec 20th 2006, 12:06 pm
#316
BE Forum Addict
Joined: Sep 2006
Location: 'stralia
Posts: 2,383
Re: debt in uk
Originally Posted by fastrhino
I am new to this forum and this is only my second post.
I have to agree with some of the comments regarding the banks and credit card companies in the UK, they do make credit to easy and tempting for people to obtain.
Most financial institutions have to budget for bad debts, they write millions off each year but still make an healthy profit.
I recently closed a credit card account which had $19500 limit on it :scared: It was orriginally a £2k card but other 6/7 yrs the limit grew (as a good customer who paid his bill) and the cheques would regularly arrive before christmas and holiday time.
I think anyone who can shaft the man and get away with deserves a pat on the back,,,if a few paople can beat the system good luck to them.
and before i get shouted down, i plan to pay any outstanding debts,,,,under the wifes orders
mick
I have to agree with some of the comments regarding the banks and credit card companies in the UK, they do make credit to easy and tempting for people to obtain.
Most financial institutions have to budget for bad debts, they write millions off each year but still make an healthy profit.
I recently closed a credit card account which had $19500 limit on it :scared: It was orriginally a £2k card but other 6/7 yrs the limit grew (as a good customer who paid his bill) and the cheques would regularly arrive before christmas and holiday time.
I think anyone who can shaft the man and get away with deserves a pat on the back,,,if a few paople can beat the system good luck to them.
and before i get shouted down, i plan to pay any outstanding debts,,,,under the wifes orders
mick
Whilst I hate banks as much as anyone (our mortgage co is trying to charge us £365 'admin fee' for paying off our mortgage! This is on top of the discharge fee! Ba$tards!) ANYWAY whilst I hate banks very much I still think people should pay off their debts. Partly just because of the ethics, but also (more practically) because the banks will just look at what they have lost and share out the cost between borrowers who do pay their debts. So whilst one selfish person might be laughing their ar$e off on the other side of the world, honest people are being penalised for it. Not good!
Dec 20th 2006, 7:24 pm
#317
Account Closed
Joined: Sep 2005
Posts: 3,997
Re: debt in uk
Originally Posted by esperanza
Whilst I hate banks as much as anyone (our mortgage co is trying to charge us £365 'admin fee' for paying off our mortgage! This is on top of the discharge fee! Ba$tards!) ANYWAY whilst I hate banks very much I still think people should pay off their debts. Partly just because of the ethics, but also (more practically) because the banks will just look at what they have lost and share out the cost between borrowers who do pay their debts. So whilst one selfish person might be laughing their ar$e off on the other side of the world, honest people are being penalised for it. Not good!
Dec 21st 2006, 9:07 am
#318
Chris
Joined: Sep 2006
Location: was Tyne and Wear, now Brisbane
Posts: 58
Re: debt in uk
I've just transferred some money from my bank to a Westpac account under the girlfriend's name. The bank, lets call them LloydsTSB told me I would be charged £20 for the transaction, so we do it, then on the statement now is a charge called agent's fee £3.96. I know the fee is only nominal, but they told me one fee and charged me an extra one without warning, ba$tards!
Dec 21st 2006, 6:34 pm
#319
Forum Regular
Thread Starter
Joined: Oct 2006
Location: Was newcastle upon tyne / Now Merriwa, Perth WA
Posts: 131
Re: debt in uk
Originally Posted by tscw1
I've just transferred some money from my bank to a Westpac account under the girlfriend's name. The bank, lets call them LloydsTSB told me I would be charged £20 for the transaction, so we do it, then on the statement now is a charge called agent's fee £3.96. I know the fee is only nominal, but they told me one fee and charged me an extra one without warning, ba$tards!
Dec 21st 2006, 8:46 pm
#320
BE Forum Addict
Joined: Sep 2006
Location: 'stralia
Posts: 2,383
Re: debt in uk
Originally Posted by tscw1
I've just transferred some money from my bank to a Westpac account under the girlfriend's name. The bank, lets call them LloydsTSB told me I would be charged £20 for the transaction, so we do it, then on the statement now is a charge called agent's fee £3.96. I know the fee is only nominal, but they told me one fee and charged me an extra one without warning, ba$tards!
Dec 21st 2006, 9:03 pm
#321
Forum Regular
Joined: Dec 2006
Location: Rockingham, Perth
Posts: 113
Re: debt in uk
I discussed this with a collegue today, the whole pay all your debts off or just bugger off and stick two fingers up at the banks and so on.
He is firmly of the opinion he as paid £££££££££s in interest and charges, etc
so he is prepared to run the gauntlet ,credit card bill forget it, the mobile phone company he signed up with for 18 months can whistle, so can Mr Murdock for the sky contract, how about AOL,,,,,stuff them too
Like he says, he has paid his way,,,they would not think twice about stuffing his credit rating for one missed payment, so he feels no duty to them at all,,,faceless corporations who make millions and have debt collectors knocking on your door for pennies.
Now I have to admire his honesty and I hope that he can pull it off,,,he is modern day outlaw,,,,going to a country where one of their biggest folk heros is Ned Kelly.
mick
ps this is a genuine work mate not a fictional one
He is firmly of the opinion he as paid £££££££££s in interest and charges, etc
so he is prepared to run the gauntlet ,credit card bill forget it, the mobile phone company he signed up with for 18 months can whistle, so can Mr Murdock for the sky contract, how about AOL,,,,,stuff them too
Like he says, he has paid his way,,,they would not think twice about stuffing his credit rating for one missed payment, so he feels no duty to them at all,,,faceless corporations who make millions and have debt collectors knocking on your door for pennies.
Now I have to admire his honesty and I hope that he can pull it off,,,he is modern day outlaw,,,,going to a country where one of their biggest folk heros is Ned Kelly.
mick
ps this is a genuine work mate not a fictional one
Dec 22nd 2006, 12:42 am
#322
Lost in BE Cyberspace
Joined: Mar 2003
Posts: 9,397
Re: debt in uk
We had some appalling dealings with - let us say, Lloyds TSB <G> - when my MIL died. And her husband had been a branch manager!
Some TSB salesman persuaded her to invest almost all her money in TSB unit trusts, with her in her eighties! I had advised against it, but she had been adamant. So I had negotiated a lower fee - which they hadn't honoured and which I had to press for - and they even admitted that the "investment" was inappropriate for someone that age!
After threatening them they refunded the "investment" plus interest for the year or so they'd been held. Actually, since the market had plunged in the meantime she did OK.
Press home the complaint!
Some TSB salesman persuaded her to invest almost all her money in TSB unit trusts, with her in her eighties! I had advised against it, but she had been adamant. So I had negotiated a lower fee - which they hadn't honoured and which I had to press for - and they even admitted that the "investment" was inappropriate for someone that age!
After threatening them they refunded the "investment" plus interest for the year or so they'd been held. Actually, since the market had plunged in the meantime she did OK.
Press home the complaint!
Dec 22nd 2006, 5:14 am
#323
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: debt in uk
Originally Posted by fastrhino
I discussed this with a collegue today, the whole pay all your debts off or just bugger off and stick two fingers up at the banks and so on.
He is firmly of the opinion he as paid £££££££££s in interest and charges, etc
so he is prepared to run the gauntlet ,credit card bill forget it, the mobile phone company he signed up with for 18 months can whistle, so can Mr Murdock for the sky contract, how about AOL,,,,,stuff them too
Like he says, he has paid his way,,,they would not think twice about stuffing his credit rating for one missed payment, so he feels no duty to them at all,,,faceless corporations who make millions and have debt collectors knocking on your door for pennies.
Now I have to admire his honesty and I hope that he can pull it off,,,he is modern day outlaw,,,,going to a country where one of their biggest folk heros is Ned Kelly.
mick
ps this is a genuine work mate not a fictional one
He is firmly of the opinion he as paid £££££££££s in interest and charges, etc
so he is prepared to run the gauntlet ,credit card bill forget it, the mobile phone company he signed up with for 18 months can whistle, so can Mr Murdock for the sky contract, how about AOL,,,,,stuff them too
Like he says, he has paid his way,,,they would not think twice about stuffing his credit rating for one missed payment, so he feels no duty to them at all,,,faceless corporations who make millions and have debt collectors knocking on your door for pennies.
Now I have to admire his honesty and I hope that he can pull it off,,,he is modern day outlaw,,,,going to a country where one of their biggest folk heros is Ned Kelly.
mick
ps this is a genuine work mate not a fictional one
There are some niggly little things in life that you just say - b*llloc*s, do your worst thank you very much and skippy the kangaroo says hi. In the end you cant be arsed to stay up all night and spend time and money phoning some call center idiot who really cant grasp that you no longer live in the UK and despite doing the right thing to begin with they still cant manage to close accounts properly.
Dec 22nd 2006, 6:05 am
#324
BE Forum Addict
Joined: May 2005
Location: Mornington
Posts: 1,650
Re: debt in uk
There are some niggly little things in life that you just say - b*llloc*s, do your worst thank you very much and skippy the kangaroo says hi. In the end you cant be arsed to stay up all night and spend time and money phoning some call center idiot who really cant grasp that you no longer live in the UK and despite doing the right thing to begin with they still cant manage to close accounts properly.[/QUOTE]
Well said
I have exactly the same thing over very small amounts, water, gas etc.
My biggest problem is with the Inland Revenue. Despite telling me when we left that I didn't owe them anything, in fact they owed me £800.00, the have suddenly conjured up a bill for $12500 that they reckon I owe from 2001 when I was self employed. Wrong in 2001 I was PAYE and even filled in a self assessment for that year.
After numerous phone calls (one lasting 40 minutes) and letters I have told them that I will now only speak to them in person at my home address. I know people on here will say things like I will be thrown in the Tower of London, hung drawn and quartered etc. I don't care anymore
Well said
I have exactly the same thing over very small amounts, water, gas etc.
My biggest problem is with the Inland Revenue. Despite telling me when we left that I didn't owe them anything, in fact they owed me £800.00, the have suddenly conjured up a bill for $12500 that they reckon I owe from 2001 when I was self employed. Wrong in 2001 I was PAYE and even filled in a self assessment for that year.
After numerous phone calls (one lasting 40 minutes) and letters I have told them that I will now only speak to them in person at my home address. I know people on here will say things like I will be thrown in the Tower of London, hung drawn and quartered etc. I don't care anymore
Dec 22nd 2006, 7:33 am
#325
A rather curious boy
Joined: Aug 2006
Location: Melbourne
Posts: 5,917
Re: debt in uk
Jond, not many here would say you should be hung drawn and quartered for that...especially anything related to greedy tax man who is often wrong anyway. Others have a problem with folk running up debts and taking out loans they have no intention of paying off.
Others have a problem with folk running up debts and taking out loans they have no intention of paying off.
Dec 22nd 2006, 7:52 am
#326
Account Closed
Joined: Sep 2005
Posts: 3,997
Re: debt in uk
Originally Posted by busterboy
Jond, not many here would say you should be hung drawn and quartered for that...especially anything related to greedy tax man who is often wrong anyway. Others have a problem with folk running up debts and taking out loans they have no intention of paying off.
Others have a problem with folk running up debts and taking out loans they have no intention of paying off.
