Pragmatopian Posted March 10, 2009 Share Posted March 10, 2009 Banks aren't exactly encouraging you to go overdrawn Oh i disagree, when i was a student, I told the bank I was a student and had no income, their first response was to slap an additional £3,000 on my credit card. While I agree they did not put a gun to my head to spend it, I think it was irresponsible and pretty much encouraging me to spend it, if the facility was not there, I would not have used it. They have brought it on themselves, a legacy of greed and lending in the hope they can swoop in on defaulting customer mortgages and houses tied to lending f*ck them, they deserve everything they get (apart from the tax payer bailout) A good example of selective quoting gone bad. What I actually said (emphasising the part you missed) which means something rather different than you are suggesting. Banks aren't exactly encouraging you to go overdrawn without agreement I would agree that over the last couple of decades increasingly access to it has led people to become more dependent on credit, but that's an entirely different matter. Link to comment Share on other sites More sharing options...
manxman2004 Posted March 11, 2009 Share Posted March 11, 2009 A good example of quoting Thanks, I reserve my right to selectively quote as it the Manx Forum tradition! Link to comment Share on other sites More sharing options...
Pragmatopian Posted March 11, 2009 Share Posted March 11, 2009 Link to comment Share on other sites More sharing options...
Alias Posted November 25, 2009 Share Posted November 25, 2009 Not so much of a victory now (Banks effectively win case). Link to comment Share on other sites More sharing options...
Cambon Posted November 25, 2009 Share Posted November 25, 2009 That is the best news I have heard all week. A great result! Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted November 25, 2009 Share Posted November 25, 2009 Does this mean that customers cannot take the banks to court now? Or at this point in time is it simply limited to prevented OFT investigation? Link to comment Share on other sites More sharing options...
Dave Hedgehog Posted November 25, 2009 Share Posted November 25, 2009 Great stuff. Link to comment Share on other sites More sharing options...
Chinahand Posted November 25, 2009 Share Posted November 25, 2009 A victory for those who manage their accounts properly! Link to comment Share on other sites More sharing options...
Orange Posted November 27, 2009 Share Posted November 27, 2009 Hell would I laugh if you lot would forget a thing or two just before Christmas and get charged over the odds! Hope none of you wise guys ever experience hard times ie. redundancies, illness etc... The last laugh would be on you... Link to comment Share on other sites More sharing options...
Cambon Posted November 27, 2009 Share Posted November 27, 2009 Hell would I laugh if you lot would forget a thing or two just before Christmas and get charged over the odds! Hope none of you wise guys ever experience hard times ie. redundancies, illness etc... The last laugh would be on you... I already have done - years ago, but luckily I learned a lesson and will never be that fucking stupid again! Link to comment Share on other sites More sharing options...
Pierrot Lunaire Posted November 27, 2009 Share Posted November 27, 2009 A victory for those who manage their accounts properly! No, a victory for bankers and their simply unimaginable greed. Greed that all of us are now paying dearly for, yes even those of us in the Isle of Man. They truly are The Untouchables, rejoicing in the myth that they are too big to fail. Link to comment Share on other sites More sharing options...
Orange Posted November 27, 2009 Share Posted November 27, 2009 I already have done - years ago, but luckily I learned a lesson and will never be that fucking stupid again! Yeah, so suddenly a loved one is in distress and needs urgent "expensive" medical attention but you won't help financially as you are far to "fu*kin" clever to go overdrawn??? Link to comment Share on other sites More sharing options...
ans Posted November 27, 2009 Share Posted November 27, 2009 You will find that banks are usually quite happy to arrange an overdraft with you for a sensible rate. These punitive charges have always been levelled at people who go overdrawn without an overdraft facility on their accounts. I have a facility on my account of a few hundred quid. I very rarely go into it, but when I do, I'm charged a couple of quid because it's a managed arrangement. It's people who just go overdrawn without talking to their banks that are acting irresponsibly and being punished as such. Link to comment Share on other sites More sharing options...
Cambon Posted November 27, 2009 Share Posted November 27, 2009 Yeah, so suddenly a loved one is in distress and needs urgent "expensive" medical attention but you won't help financially as you are far to "fu*kin" clever to go overdrawn??? Insurance is a wonderful thing. Plus, what ANS said above. Link to comment Share on other sites More sharing options...
La_Dolce_Vita Posted December 1, 2009 Share Posted December 1, 2009 It's people who just go overdrawn without talking to their banks that are acting irresponsibly and being punished as such.I think charging anything over £10 for direct debits and cheques that won't go through and going over the limit is irresponsible. Link to comment Share on other sites More sharing options...
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