 Can you have more than one credit card? |
| as in..more than one kind of visa or mastercard..or any ... |
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 Bankruptcy vs. Paying it off? |
| My husband and I make about $32,000 a year, and not including my car, have about $10,000 worth of credit card and medical debt. All of these accounts are closed, charged off, and in the hands of ... |
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 Is this a good way to build good credit? |
| I have absoulutely NO credit history so I went to american express and applied for the AMEX Green Rewards Card which is a charge card with no preset spending limit and I got accepted and the card is ... |
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 How can i get a consolidation loan to pay off all debts when i have bad credit rating? |
| I HAVE TRIED MOST PLACES FOR A LOAN TO PAY OFF DEBTS AND MAKE MONTHLY OUTGOINGS LOWER.BUT BECAUSE I AM CURRENTLY A HOUSEWIFE,AND DO NOT WANT IT TO BE A JOINT APPLICATION NO ONE WILL EXCEPT ME.OH AND I... |
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 300 pound debt? |
| My friend don't want to pay to the phone company (about 300 pound) cause he is going leave UK soon and probebly never come back. The phone company keep calling and send him letters. Plus,they ... |
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 Can I be arrested for not paying my credit card debt?!?!? |
| I'm 21 + a single mom. I got a Chase credit card 2 years ago with a limit of $300. I used it up, but never went over my limit. I was enrolled in a payment protection plan with the card, I lost ... |
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 Is it BAD to pay my credit cards off in one lump sum?? |
I was told that it could be bad for your credit score to pay off your credit cards all at once - Is this true? If so, how BAD could it hurt my score & for how long?
I am about $15K in ... |
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 How is American Express different from Visa or Mastercard? |
| I'm considering switching from Visa to American Express, because they are offering me a much better APR. I'm wondering if it's worth the switch. I'm slightly confused on the ... |
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 I gots a question to axe .. why come I losin my house? |
honey .. tell your momma I needs to move in wit her. Da bank comin to kicks me outta my house. I gots so many bills, who gonna pay my automobills ! I mean SHOEZ
I be goin to walmark to ... |
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 HELP ME PLEASE ? Its Urgent? |
| I have a credit card dispute with icici bank india .On the same hand i also have a saving account with icici bank. the bank has withdraw money from my account without taking any authorization from me ... |
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 Car reposessed today after just recieving notice of delinquency yesterday. How do I get the car back? |
| My fiance' works offshore on an oil platform, usually if he cannot make thepayment over the phone, he will call and I will do it. However, he has been out for over two months, and just returned ... |
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 I have many credit cards that are in a collection agency, should i pay them monthly or pay all at once? |
| Im trying to raise my credit score, so is it better to pay off all at once or should I pay monthly payments?... |
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Gidob | Do Barclays really over-charge their customers ? |
Is it just a problem with Barclays or do all banks do it ? |
 |
 
claimbankchargesback
 |
All banks do it!!!
The principle behind it is that if you go overdrawn (or over your overdraft limit), your breaking your accounts terms and conditions, so they slap a penalty charge on you of £20 - £30 usually.
However, under the Unfair Terms in Consumer Contracts Regulation (1999), a penalty charge should be no more than the cost to the bank because of the breach, no business is allowed to make a profit from the charge.
When you go over your overdraft limit, or bounce a cheque for example, the letter and penalty charge are created automatically by the banks computers, costing them no more than £4.50 (probably a lot less!). Because they charge you £20 - £30, they are making a profit from it, which is illegal.
This is why people can claim back their bank charges. The banks are not defending themselves, as they don't want to admit the true cost of the breach in court (as the banks don't want their competitors knowing the true costs of the banks business practices), and also because if they reveal it in court, it means that everyone could claim bank their charges and the process would be easier. Its better for the banks if hundreds of thousands claim back their charges, than everyone in the country claiming back their charges.
For full details of above, and step by step guides to claiming your charges back, along with template letters to send to the bank, see the site below which tells you how to claim back your bank charges in 6 easy steps. |
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Chadders
|
They all do it. Any bank that charges you more than £5 for bouncing a direct debit etc is overcharging you and you can claim it back. Their charges have to reflect the cost and not be punitive. Anything over about £5 is punitive. |
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Silke
|
Most banks overcharge their customers how else would banks make so much money. Most of their services are intangible and the cost not easily assessed by the public. |
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brianthesnailuk2002
 |
Its all Banks. When they have to pay their executives so much they have to recoup the money somehow. |
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Janet C
 |
All banks overcharge that is how they make there money unfortunately |
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literarytony
 |
You will find that it is a banks silent policy to overcharge their customers. We all accept a charge that is justified but banks are not considerate of our individual circumstances, or even our feelings overall. They are functioning on a desire to profit.
When a bank offers a loan or an overdraft or even a higher limit on their own credit cards, do you think they are really trying to help you? Of course not because at the end of the day they are going to profit from your repayments or the interest on any used overdraft.
Always be cautious and know your rights when dealing with banks. And if you can, keep a good reign of control over your finances so that you have no opportunity to line their already full pockets. |
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Louby-Lou
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I went £5.23 over my overdraft for 4 hours I got a £35. fee. |
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alfasan2000
 |
It does seem that the majority of banks overcharge. May I suggest you visit the LBC website www.lbc.co.uk follow the Nick Ferrari page and there is a letter that people can use to claim back charges that have been made. Just fill in the details and delete irelevant sections and send it to the bank. This worked, with Barclays, for my daughter-in-law. |
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exrental_shabby
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Go to www.consumeractiongroup.co.uk Not only do they tell you all about over-charging, they tell you how to get the money back... |
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MontichegoGirl
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Banking is a buisness their in it for the money, Only a credit union is usually better |
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mjammy1978
 |
all banks do it, banks dont open for fun ......they are there to make money |
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Peter M
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I think all banks do the best bank at the moment is the Alliance and Leicester. Have a look at www.moneysavingexpert.com very good advice. |
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