Jump to content


  • Tweets

  • Posts

    • He was one of four former top executives from Sam Bankman-Fried's firms to plead guilty to charges.View the full article
    • The private submersible industry was shaken after the implosion of the OceanGate Titan sub last year.View the full article
    • further polished WS using above suggestions and also included couple of more modifications highlighted in orange are those ok to include?   Background   1.1  The Defendant received the Parking Charge Notice (PCN) on the 06th of January 2020 following the vehicle being parked at Arla Old Dairy, South Ruislip on the 05th of December 2019.   Unfair PCN   2.1  On 19th December 2023 the Defendant sent the Claimant's solicitors a CPR request.  As shown in Exhibit 1 (pages 7-13) sent by the solicitors the signage displayed in their evidence clearly shows a £60.00 parking charge notice (which will be reduced to £30 if paid within 14 days of issue).  2.2  Yet the PCN sent by the Claimant is for a £100.00 parking charge notice (reduced to £60 if paid within 30 days of issue).   2.3        The Claimant relies on signage to create a contract.  It is unlawful for the Claimant to write that the charge is £60 on their signs and then send demands for £100.    2.4        The unlawful £100 charge is also the basis for the Claimant's Particulars of Claim.  No Locus Standi  3.1  I do not believe a contract with the landowner, that is provided following the defendant’s CPR request, gives MET Parking Services a right to bring claims in their own name. Definition of “Relevant contract” from the Protection of Freedoms Act 2012, Schedule 4,  2 [1] means a contract Including a contract arising only when the vehicle was parked on the relevant land between the driver and a person who is-   (a) the owner or occupier of the land; or   (b) Authorised, under or by virtue of arrangements made by the owner or occupier of the land, to enter into a contract with the driver requiring the payment of parking charges in respect of the parking of the vehicle on the land. According to https://www.legislation.gov.uk/ukpga/2006/46/section/44   For a contract to be valid, it requires a director from each company to sign and then two independent witnesses must confirm those signatures.   3.2  The Defendant requested to see such a contract in the CPR request.  The fact that no contract has been produced with the witness signatures present means the contract has not been validly executed. Therefore, there can be no contract established between MET Parking Services and the motorist. Even if “Parking in Electric Bay” could form a contract (which it cannot), it is immaterial. There is no valid contract.  Illegal Conduct – No Contract Formed   4.1 At the time of writing, the Claimant has failed to provide the following, in response to the CPR request from myself.   4.2        The legal contract between the Claimant and the landowner (which in this case is Standard Life Investments UK) to provide evidence that there is an agreement in place with landowner with the necessary authority to issue parking charge notices and to pursue payment by means of litigation.   4.3 Proof of planning permission granted for signage etc under the Town and country Planning Act 1990. Lack of planning permission is a criminal offence under this Act and no contract can be formed where criminality is involved.   4.4        I also do not believe the claimant possesses these documents.   No Keeper Liability   5.1        The defendant was not the driver at the time and date mentioned in the PCN and the claimant has not established keeper liability under schedule 4 of the PoFA 2012. In this matter, the defendant puts it to the claimant to produce strict proof as to who was driving at the time.   5.2 The claimant in their Notice To Keeper also failed to comply with PoFA 2012 Schedule 4 section 9[2][f] while mentioning “the right to recover from the keeper so much of that parking charge as remains unpaid” where they did not include statement “(if all the applicable conditions under this Schedule are met)”.     5.3         The claimant did not mention parking period, times on the photographs are separate from the PCN and in any case are that arrival and departure times not the parking period since their times include driving to and from the parking space as a minimum and can include extra time to allow pedestrians and other vehicles to pass in front.    Protection of Freedoms Act 2012   The notice must -   (a) specify the vehicle, the relevant land on which it was parked and the period of parking to which the notice relates;  22. In the persuasive judgement K4GF167G - Premier Park Ltd v Mr Mathur - Horsham County Court – 5 January 2024 it was on this very point that the judge dismissed this claim.  5.4  A the PCN does not comply with the Act the Defendant as keeper is not liable.  No Breach of Contract   6.1       No breach of contract occurred because the PCN and contract provided as part of the defendant’s CPR request shows different post code, PCN shows HA4 0EY while contract shows HA4 0FY. According to PCN defendant parked on HA4 0EY which does not appear to be subject to the postcode covered by the contract.  6.2         The entrance sign does not mention anything about there being other terms inside the car park so does not offer a contract which makes it only an offer to treat,  Interest  7.1  It is unreasonable for the Claimant to delay litigation for  Double Recovery   7.2  The claim is littered with made-up charges.  7.3  As noted above, the Claimant's signs state a £60 charge yet their PCN is for £100.  7.4  As well as the £100 parking charge, the Claimant seeks recovery of an additional £70.  This is simply a poor attempt to circumvent the legal costs cap at small claims.  7.5 Since 2019, many County Courts have considered claims in excess of £100 to be an abuse of process leading to them being struck out ab initio. An example, in the Caernarfon Court in VCS v Davies, case No. FTQZ4W28 on 4th September 2019, District Judge Jones-Evans stated “Upon it being recorded that District Judge Jones- Evans has over a very significant period of time warned advocates (...) in many cases of this nature before this court that their claim for £60 is unenforceable in law and is an abuse of process and is nothing more than a poor attempt to go behind the decision of the Supreme Court v Beavis which inter alia decided that a figure of £160 as a global sum claimed in this case would be a penalty and not a genuine pre-estimate of loss and therefore unenforceable in law and if the practice continued, he would treat all cases as a claim for £160 and therefore a penalty and unenforceable in law it is hereby declared (…) the claim is struck out and declared to be wholly without merit and an abuse of process.”  7.6 In Claim Nos. F0DP806M and F0DP201T, District Judge Taylor echoed earlier General Judgment or Orders of District Judge Grand, stating ''It is ordered that the claim is struck out as an abuse of process. The claim contains a substantial charge additional to the parking charge which it is alleged the Defendant contracted to pay. This additional charge is not recoverabl15e under the Protection of Freedoms Act 2012, Schedule 4 nor with reference to the judgment in Parking Eye v Beavis. It is an abuse of process from the Claimant to issue a knowingly inflated claim for an additional sum which it is not entitled to recover. This order has been made by the court of its own initiative without a hearing pursuant to CPR Rule 3.3(4)) of the Civil Procedure Rules 1998...''  7.7 In the persuasive case of G4QZ465V - Excel Parking Services Ltd v Wilkinson – Bradford County Court -2 July 2020 (Exhibit 4) the judge had decided that Excel had won. However, due to Excel adding on the £60 the Judge dismissed the case.  7.8        The addition of costs not previously specified on signage are also in breach of the Consumer Rights Act 2015, Schedule 2, specifically paras 6, 10 and 14.   7.9        It is the Defendant’s position that the Claimant in this case has knowingly submitted inflated costs and thus the entire claim should be similarly struck out in accordance with Civil Procedure Rule 3.3(4).   In Conclusion   8.1        I invite the court to dismiss the claim.  Statement of Truth  I believe that the facts stated in this witness statement are true. I understand that proceedings for contempt of court may be brought against anyone who makes, or causes to be made, a false statement in a document verified by a statement of truth without an honest belief in its truth.   
    • Well the difference is that in all our other cases It was Kev who was trying to entrap the motorist so sticking two fingers up to him and daring him to try court was from a position of strength. In your case, sorry, you made a mistake so you're not in the position of strength.  I've looked on Google Maps and the signs are few & far between as per Kev's MO, but there is an entrance sign saying "Pay & Display" (and you've admitted in writing that you knew you had to pay) and the signs by the payment machines do say "Sea View Car Park" (and you've admitted in writing you paid the wrong car park ... and maybe outed yourself as the driver). Something I missed in my previous post is that the LoC is only for one ticket, not two. Sorry, but it's impossible to definitively advise what to so. Personally I'd probably gamble on Kev being a serial bottler of court and reply with a snotty letter ridiculing the signage (given you mentioned the signage in your appeal) - but it is a gamble.  
    • No! What has happened is that your pix were up-to-date: 5 hours' maximum stay and £100 PCN. The lazy solicitors have sent ancient pictures: 4 hours' maximum stay and £60 PCN. Don't let on!  Let them be hoisted by their own lazy petard in the court hearing (if they don't bottle before).
  • Recommended Topics

  • Our picks

    • If you are buying a used car – you need to read this survival guide.
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 161 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
        • Like
  • Recommended Topics

Legal Arguements And They Way Forward


finlander
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 5289 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Ok folks.. where are we........... some say screwed but i dont believe so....

Lets se what the judgement was all about as far as i can see it.

I think that technically the judgement was correct. The law lords tried to make everyone understand that this was all over a very narrow peice of law. They were almost apologetic about. They had to rule whether charges were a necessary core term of the bargin and contract. They ruled it was. Because if you offer a cross-subsidised bankIng system it had to be. Because of that they cannot rule if the price of the ‘service ‘ is now fair.

Therefore we lose... everyone shouts unfair...doom pestilance and plague..and the media predict the end of the show...

From my point of view thay had no choice. They knew that they were a probably a key term and that if they dismissed the appeal that the banks would appeal to the ECJ. Being powerful that would be granted and the judgement would probaly be struck down. I think that is probably accurate.

But they didn’t say that it was all over like the media and the banks have portrayed.

They went out of their way to stress an alternative route. They gave us..

1 the regulation to challenge on..reg 5

2 the arguement to challenge on... not the price which is now not allowed to be challenged... but the price structure. Is it fair and open. Did they tell you that your charges paid for free banking for others. Do they make it very easy to incurr charges etc...

3. and lastly a broad hint that they may already view them as unfair.

I think it would be helpful if we looked at these routes and ones through the cca and the enterprise act as well.

Lets not use this thread for arguements with bank flunkies or free banking parasites and stick to the legal issues..........and no great injustice posts or accusations of corruption against individuals. it wont help.

some could argue we have had the best legal advice in the country from the five most senior judges. lets use it.

Discuss.............. F x

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.Thus, what is of supreme importance in war is to attack the enemy's strategy. What is essential in war is victory, not prolonged operations.

 

Sun Tzu 'The art of war'

POST THE LETTER AND SIGN THE PETITION AT POST 88 ON THE LINK BELOW TO GET THE OFT TO INVESTIGATE THE CRA'S

 

http://www.consumeractiongroup.co.uk/forum/campaign/153512-campaign-oft-against-unfair.html

Link to post
Share on other sites

Lets not use this thread for arguements with bank flunkies or free banking parasites

 

Well, for starters there is no such thing as 'free banking'. They make money by having our money. This is a hard fact, as banks existed before these charges existed. There's my tuppence worth. :)

What sort of world do you want your kids to grow up in?

Link to post
Share on other sites

ok... so a proper definition.........free if in credit....now was anyone told..written to or explained to that the reason for the charging system was to subsidise others at any time even now by their bank?

 

was it in the contract etc.........

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.Thus, what is of supreme importance in war is to attack the enemy's strategy. What is essential in war is victory, not prolonged operations.

 

Sun Tzu 'The art of war'

POST THE LETTER AND SIGN THE PETITION AT POST 88 ON THE LINK BELOW TO GET THE OFT TO INVESTIGATE THE CRA'S

 

http://www.consumeractiongroup.co.uk/forum/campaign/153512-campaign-oft-against-unfair.html

Link to post
Share on other sites

by the way your bank was it right when i heard you lost your job?

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.Thus, what is of supreme importance in war is to attack the enemy's strategy. What is essential in war is victory, not prolonged operations.

 

Sun Tzu 'The art of war'

POST THE LETTER AND SIGN THE PETITION AT POST 88 ON THE LINK BELOW TO GET THE OFT TO INVESTIGATE THE CRA'S

 

http://www.consumeractiongroup.co.uk/forum/campaign/153512-campaign-oft-against-unfair.html

Link to post
Share on other sites

by the way your bank was it right when i heard you lost your job?

I was sacked yes so not sure if that is covered by the term "lost your job". Fairly dismissed is my term :D

 

Another tip: don't forget regulation 8 as well as 5 ;)

.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

Link to post
Share on other sites

"Effect of unfair term

8. - (1) An unfair term in a contract concluded with a consumer by a seller or supplier shall not be binding on the consumer.

 

(2) The contract shall continue to bind the parties if it is capable of continuing in existence without the unfair term."

.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

Link to post
Share on other sites

sorry to here about that. hope everything is ok.

 

reg8 is ok but that just keeps the contract in place. the point would be do the proceeds from the unfaiir term become recoverable? I think they do. all it would mean is that the cross-sub would have to end or be fully explained in future.

 

the sums paid out on it would still be subject to recalim.

 

from my understanding the bank couldnt state customers knew this was the porpose of charges as it has only been their public arguement since the test case began. before it was

1 they are penalties..

2. then a service with the charge covering the cost

3...then a cross sub......

 

the FSA guidence on unfair terms is very clear....... anything that is of significant detriment to the consumer... any consumer not just the majority....

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.Thus, what is of supreme importance in war is to attack the enemy's strategy. What is essential in war is victory, not prolonged operations.

 

Sun Tzu 'The art of war'

POST THE LETTER AND SIGN THE PETITION AT POST 88 ON THE LINK BELOW TO GET THE OFT TO INVESTIGATE THE CRA'S

 

http://www.consumeractiongroup.co.uk/forum/campaign/153512-campaign-oft-against-unfair.html

Link to post
Share on other sites

If it is never in credit you aren't using it and if it is in overdraft they are making money through a rate of interest.

The "free if in credit" model was the term referred to by the banks' in the OFT test case which is why I have stated the term on this thread.

.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

Link to post
Share on other sites

Ok folks.. where are we........... some say screwed but i dont believe so....

 

Absolutely agree, we may have suffered a heavy blow but I think the war is still to be won. I also believe that CAG, Govan LC and Martin Lewis wouldn't go to the bother of hiring a QC if they thought we were out for the count. I am very much looking forward to any developments in the coming campaign.

 

TFT

09/07/09 :)Business Studies BA(Hons) 2:1:)

 

eCar Insurance overpayment - £325

Settled in full - 15/09/08

NatWest Student A/C bank charges - £260

Settled under hardship scheme - 08/06/09

Natwest Business A/C bank charges - £60

Settled in full as GOGW - 20/04/09

Santander Consumer Finance late payment fees - £60

Part settled for £48 - 01/03/08

Peugeot Finance late payment fees - £50

Settled in full before county court hearing - 01/09/09

Peugeot Finance overpayment of £247

Settled in full - 01/12/08

Valley Leisure - complaint about collections agent

£160 part refund of gym membership in compensation - 01/02/09

HFC Bank - complaint about payment deducted from my account on wrong date

GOGW £10 - 01/05/09

Link to post
Share on other sites

sorry to here about that. hope everything is ok.

 

reg8 is ok but that just keeps the contract in place. the point would be do the proceeds from the unfaiir term become recoverable? I think they do. all it would mean is that the cross-sub would have to end or be fully explained in future.

I think the total contract can still be in force, ie how you pay into an account which is not necessarily unfair. If the term is unbinding then surely from that funds would be recoverable on the term that has been struck out.

 

the sums paid out on it would still be subject to recalim.

 

from my understanding the bank couldnt state customers knew this was the porpose of charges as it has only been their public arguement since the test case began. before it was

1 they are penalties..

2. then a service with the charge covering the cost

3...then a cross sub......

 

the FSA guidence on unfair terms is very clear....... anything that is of significant detriment to the consumer... any consumer not just the majority....

 

Remember the actual UTCCR 1999 says:

"Unfair Terms

5. - (1) A contractual term which has not been individually negotiated shall be regarded as unfair if, contrary to the requirement of good faith, it causes a significant imbalance in the parties' rights and obligations arising under the contract, to the detriment of the consumer."

 

So that is where the Law Lords were kinda getting at in their assessment.

Furthermore

Regulation 5(4)

"(4) It shall be for any seller or supplier who claims that a term was individually negotiated to show that it was."

 

So the burden of proof is not on the consumer but the Bank itself to prove that it was.

.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

Link to post
Share on other sites

Absolutely agree, we may have suffered a heavy blow but I think the war is still to be won. I also believe that CAG, Govan LC and Martin Lewis wouldn't go to the bother of hiring a QC if they thought we were out for the count. I am very much looking forward to any developments in the coming campaign.

 

TFT

 

 

i dont see that we have been struck a blow... we had the wrong bit of law... its bit like the police charging the man who stole your car with assault. they are bound to lose. still stole the car though and can still get charged with that............

Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.Thus, what is of supreme importance in war is to attack the enemy's strategy. What is essential in war is victory, not prolonged operations.

 

Sun Tzu 'The art of war'

POST THE LETTER AND SIGN THE PETITION AT POST 88 ON THE LINK BELOW TO GET THE OFT TO INVESTIGATE THE CRA'S

 

http://www.consumeractiongroup.co.uk/forum/campaign/153512-campaign-oft-against-unfair.html

Link to post
Share on other sites

The "free if in credit" model was the term referred to by the banks' in the OFT test case which is why I have stated the term on this thread.

 

Yes, but to be clear, there really is no such thing as free banking. Just in case anyone had any doubts. :)

What sort of world do you want your kids to grow up in?

Link to post
Share on other sites

This:-

 

"1 they are penalties..

2. then a service with the charge covering the cost

3...then a cross sub......"

 

Old banking literature, including one print off I have from Nationwide states (and I quote)

 

Why do we charge our members

 

If a meber goes overdrawn without agreeing it with the Society first or has items returned, they will have to pay charges. This is because the Society incurs a number of costs - we will have to deal with the unpaid items, carry out extra administration and cover the higher risks associated with members being overdran without our agreement.

 

Nowhere in there does it state "oh and by the way this pays for the bloke next doors free if in credit banking too". I still believe they are on very dodgy ground, because what actually happens has not changed but thier T & C's have. So either the earlier T & C's are incorrect, or the one's they have now are.

 

Couple that with the fact thier CEO has admitted the cross-subsidy and they just seem to be making it up as they go along.

The views I express here are mere speculation based on my experience. I am not qualified nor insured to give legal advice and any action you take will be at your own risk.

Link to post
Share on other sites

Yes, but to be clear, there really is no such thing as free banking. Just in case anyone had any doubts. :)

That is true, the interest foregone on credit balances did get the banks more money than "unauthorised overdraft charges" which was more or less admitted by the banks in the OFT test cases(incl. appeals).

.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

Link to post
Share on other sites

That is true, the interest foregone on credit balances did get the banks more money than "unauthorised overdraft charges" which was more or less admitted by the banks in the OFT test cases(incl. appeals).

 

I think you got that the wrong way round and meant to say they get more money through the charges! :-) Interest foregone? :rolleyes: Furthermore, the 'Robin Hood in reverse' argument the Supreme Court came up with is nonsense. Well, in the sense of the poor subsidising the banking of the rich. They made all their profits quite well through interest without charges. The poor only subsidise 'greater' profits for the bankers with charges. Current account fees are simply not necessary for the bankers to make a profit. They could well make greater profits if they cut some of their own grossly inflated wages though...

Edited by renegotiation

What sort of world do you want your kids to grow up in?

Link to post
Share on other sites

YUP and xmas parties coming up I wonder how much they will waste on that its ok having a party but its the way they do it.

 

PF

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

Link to post
Share on other sites

I think you got that the wrong way round and meant to say they get more money through the charges! :-) Interest foregone? :rolleyes: Furthermore, the 'Robin Hood in reverse' argument the Supreme Court came up with is nonsense. Well, in the sense of the poor subsidising the banking of the rich. They made all their profits quite well through interest and the poor just subsidise 'greater' profits for the bankers. Current account fees are simply not necessary for the bankers to make a profit. They could well make greater profits if they cut some of their own grossly inflated wages though...

 

Never put words into my mouth. Interest forgone on current accounts was more than bank charges.

I suspect you haven't googled OFT 1005c

It might show you where the FACTUAL information comes from cos it is a fascinating read.

 

Some of us read the media coverage and others look at the sources and read the evidence available. Don't be lazy and read the factual information.

.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

Link to post
Share on other sites

YUP and xmas parties coming up I wonder how much they will waste on that its ok having a party but its the way they do it.

 

PF

 

You do not want me to even comment on this do you? I don't think Finlander thought that legal arguments and the way forward had anything to do with this. If that's where you want to go then I guess we are done with this one.

.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

Link to post
Share on other sites

No best not as I dont want to upset Finlander lol

 

PF

Finally if you succeed with your claim please consider a donation to consumer action group as those donations keep this site alive.

 R.I.P BOB aka ROOSTER-UK you have always been a Gent on these boards and you will be remembered for that.

Link to post
Share on other sites

Never put words into my mouth. Interest forgone on current accounts was more than bank charges.

I suspect you haven't googled OFT 1005c

It might show you where the FACTUAL information comes from cos it is a fascinating read.

 

Some of us read the media coverage and others look at the sources and read the evidence available. Don't be lazy and read the factual information.

 

I don't need to google anything. If you are telling me the banks have foregone a business model to make less money and subsequently not returned to the more profitable business model at a high rate of knots I KNOW that's a big pile of stinking BULL****. How about you don't be lazy and exercise some basic common sense? Please!

 

 

 

No best not as I dont want to upset Finlander lol

 

PF

 

I heard he turns green and his biceps grow very big! :eek::eek::eek:

What sort of world do you want your kids to grow up in?

Link to post
Share on other sites

Actually I can believe that, rightly or wrongly many people leave large balances in thier current account. Even people who are realtively organized are probably not going to be able to transfer the money instantly to a decent savings account.

 

Even if they do transfer is going to take days if its not with the same bank.

 

I personally cannot believe how many apparently sensible people have accepted the banks assertions that the status quo cannot exist without charges.

The views I express here are mere speculation based on my experience. I am not qualified nor insured to give legal advice and any action you take will be at your own risk.

Link to post
Share on other sites

I don't need to google anything. If you are telling me the banks have foregone a business model to make less money and subsequently not returned to the more profitable business model at a high rate of knots I KNOW that's a big pile of stinking BULL****. How about you don't be lazy and exercise some basic common sense? Please!

 

 

 

 

 

I heard he turns green and his biceps grow very big! :eek::eek::eek:

 

I haven't told you that a bank has forgone any business model but have tried to show you with EVIDENCE how the current Uk Banking model works. If you do google what I have suggested then you will find out how it works. Interest forgone on credit balances is basically offering low interest rates on current accounts while making money on your money. Now, the figures are from 2006 which is where we have got many figures on the amount of bank charges that the banks' got. Currently, the bank would make a lot less money on that interest forgone but it would be about 50% of the cost of current accounts as opposed to 30% which bank charges came from(that bit was from the House of Lords Appeal on Day 1--for reference).

As you can see, I'm not saying that any business model has been changed but that the current one in existance is not as your posts assume is the way it works. Common sense told me to read the evidence which is why it was important. I'm not really sure it helps Finlander's attempt to have a rational discussion but I do admire the fact that he/she tried to.

.

FSA Waiver on Bank Charges:http://www.fsa.gov.uk/pages/Doing/Regulated/Notify/Waiver/pdf/dir_quart_0709.pdf

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...