OFT test case

[Bookworm]

The future!......(due out in Autumn 2007)...

Barclaycard OnePulse - Card Details

Surely, that's the past?

[JOSH_IOU]

Well at least we can say this is the present.

[MilkTrayMan]

The future!......(due out in Autumn 2007)...

Barclaycard OnePulse - Card Details

 

Surely, that's the past?

Have NEVER personally seen one, hence the inclusion of the Wikipedia referenced date!...

 

 

 

 

 

Well at least we can say this is the present.

1st November 2007 had shed loads MORE than 24rs!...

 

...

[JOSH_IOU]

[Son of Shoestring]

Surely, that's the past?

 

Back to the Future maybe...

[MilkTrayMan]

...In my NEXT life, I'm gonna come back as a DCA Defaulted Account Enforcer, so help me God!!!...

 

...lol...

[JOSH_IOU]

no it was a more of a Star Ttrek Janeway type thing.

 

pmslrofl @ MT

[alibobsy]

Just remember the current test case is only looking at the preliminary issues. it certainly won't be looking at the actual costs of the charges. Therefore even if the judge finds for the OFT they will be no automatic payout. In fact it just puts us all bac where we were ie. you will have to claim and go through the county court. There will more than likely be an appeal which will drag on for months and then they may need a further case to look at the actual rate of charges. It would be years before they are in a position to do a mass refund, and I believe this will never happen. Any refunds will have to be asked for. In the meanwhile whilst all this legal to-ing and fro-ing goes on the banks will increase interest rates and make money in other ways. Looks like another big delaying tatic by the banks and if I was into conspiratory theorys I would say the OFT and banks have conspired to give them plenty of time to cushion the loss and will eventually thrash out a charge figure acceptable to them both. Don't forget the stays gave them 12 months of charges that can't be claimed back till after the test case,£22billion(or whatever the figure is) makes alot of interest/money for them in 12 months(or longer possibly).

ali x

[JOSH_IOU]

Free publicity if the OFT wins Dave

[nicsussex]

 

A flagrant attempt at increasing your post count for no real benefit - or am i being cynical?

[toneighty170]

A flagrant attempt at increasing your post count for no real benefit - or am i being cynical?

 

Charge him. £70. If he doesn't pay up £20 additional charges every month with 40% interest added. He better take out a PPI just in case he gets sacked from his self employed job. Please be advised criminal you will get 15 calls a day if you dont pay up within 30 seconds.

 

A lot more resonable terms than The Funding Corporation.

[Guest vortex]

Does a post count mean anything these days? Or can we have an Al Gore recount?

Where is the figure of 22 million pounds coming from?

is that the estimated 4.3 billion times by statute of limitations? My schoolteacher would be distraught that I made it only 22 million!

[stevokenevo]

A flagrant attempt at increasing your post count for no real benefit - or am i being cynical?

 

Pot/kettle?

[Bookworm]

My schoolteacher would be distraught that I made it only 22 million!

So would your employers. Then again...

[oggyman]

Hi,

My bank deliberately engineers an overdraft by delaying the processing of payments into my account,and has done for many years, and then they whack on charges how UNFAIR is this.

Please review threads in consumer reviews.

In the past i stopped short of going to the fsa or fos through embarassment and lack of time.

I contacted a service to reclaim but like everyone else thats now on hold.

Anyone able to help?

[oggyman]

Hi,

My bank deliberately engineers an overdraft by delaying the processing of payments into my account and applies charges,and has done for many years,how UNFAIR is this.

Please review threads in consumer reviews.

In the past i stopped short of going to the fsa or fos through embarassment and lack of time.

Anyone able to help?

[Son of Shoestring]

How about bank shares?

 

Son of Shoestring spoke of £22 billion being returned to account holders. Whatever the figure, where will the money end up? Apart from those who’ll keep theirs in a tin box under the bed, we can either save it or spend it.

 

If we save it, we’ll put it in a deposit account – in a bank.

If we spend it, the recipients will put it – in a bank.

 

Els

 

The logic of your argument is flawless. This why I sometimes argue that it is not your money at all but actually belongs to the banks, who allow you limited access to ensure it keeps moving around.

 

I also argue, quite strongly, that their is a hidden purpose behind the foisting of the DD system on us all by default. This is because it was decided years ago that all money would become electronic. G7 governments favour this, I believe, as it will immediately restrict the earning of "black money" and that, as a result, government revenues will increase almost overnight. Business likes it because it reduces their costs and increases the the myriad ways in which they can engineer additional profit streams (as we al know to our cost). The security services love it as they will be easily able to track all money movements without the least hassle.

 

The ONLY loser is the individual. As always. Artfully robbed at every turn with the added loss of independence.

 

Not a pleasant formulae...

[oggyman]

Ah yes but did we fall? or was we pushed?.

My guess PUSHED most unwillingly.

[darling1]

IT used to cause me imense trouble when my ex was ordered in court to pay me meintenence for the kids and it used to be taken out of his account and then took 5 days to arrive at mine too late for the council tax DD....I used to ask who had the money in those 5 days and who got the interest on it? certainly my ex didnt and neither did I - they never told me the answer to that - but I ALWAYS got a charge on the DD being returned - and the council always got snotty over it........

[JonCris]

I agree SoS:)

 

Most may recall that once upon a time the banks where required, by the banking code, to notify customers, in writing, each & every time they refused to honour a cheque or DD.

 

This provision was quietly dropped from their T's & C's because banks knew that when they agreed to provide basic accounts for those on low fixed incomes & benefits there would be a huge increase in the number of defaults experienced by those same customers.

 

Removing the need to notify customers of their default was beneficial to the bank in a number of ways.

 

1st the bank saved considerably on stationary & postage.

 

2nd It allowed the bank to conceal from the customer for an often lengthy period, or until they visited the hole in the wall, that their account was in deficit thereby racking up even more charges.

 

3rd last but not least it permits the bank to allow, as in the case of Abbey, the same DD to be submitted 3 times in one day thereby chalking up 3 sets of charges amounting to 3 x £35 = £105! & that doesn't include the increased unauthorised interest:eek:

 

Is it any wonder consumers are rebelling & that many low income families are in dire straights & unable to provide even basic items for their well being.

 

I envisage it returning to what I thought was a long gone age when desperate families placed their kids in care because they could no longer provide decent meals or warm clothing

 

God forgive the money lenders & this government who are allowing this to happen

[Conniff]

 

God forgive the money lenders & this government who are allowing this to happen

 

A few weeks ago during Prime ministers questions, the libdems asked Gordon Brown if he was aware that 27,000 home repossessions were granted during 2007 and that the number was expected to double during 2008.

His answer was Quote We have to keep the economy on track Unquote

 

I take that to mean "Not my problem".

[patrickq1]

you can take it to mean that the son of a man of the cloth realised that the cloth meant fraud and steal from the poor how on earth can this son of a vicar say he works for the people when at every turn he is blind,,,i could go on but it angers me that when miners in kirkcaldy lost their jobs and lives in the pits his papa was preaching how sorry he was but at the same time his son had new shoes whenever he wanted had extra lessons in the evenings whilst we scuppered around in the middle of winter with jeely shoes....so how can you trust a person who has lived a lie from birth

[JOSH_IOU]

A guy buys a football ticket and leaves it on the living room table. His friend picks the ticket up and uses the ticket at the game.

The ticket is then returned in the exact same place.

 

Weather or not the purchaser intended to use the ticket his friend stole the value of the ticket.

 

There for the purchaser has an ally of complaint under the theft act.

[JOSH_IOU]

A bank agrees on a direct debit transfer.

 

The payment is made then returned.

 

The bank charges you for returning the direct debit.

 

The ability to use your account in credit has in effect been levied from you.

 

An ally of complaint under the theft act?

[caro]

As well as repossessions, there is a growing trend for people who can't afford to keep up their mortgages to sell their homes to companies that will then rent them back to them. Apparently this is keeping figures of people with difficulty affording their homes artificially low, as they just show up as sales in the statistics.

 

You can guarantee that these people will all have been victims of the banks penalty charges.