Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Therefore from my understanding, all charges applied to my account have to cover administrative costs only. No profit is to be made at all.
Otherwise, the Nationwide would have had to have issued me with shares, for the extra funds they made from me.
I would be very interested to hear anybody elses opinion regarding this.
As this applies to admin costs only, surely I have the right to know exactly what it costs to administer certain transactions on my account.
Please note, I am not a practitioner of law, I am an ordinary individual and my thoughts are not to be taken as fact. Everybody should make up their own mind about this.
Building Societies Act 1997
would have had to have issued me with shares, for the extra funds they made from me.
Reply With Quote