Banks robbing most vulnerable customers.

December 15, 2007

Regular readers will already be aware that I have as much time for bankers as a starlet has for a zit on premiere night. You’ll know what I mean when you have a look at previous attempts on Talk Northern Ireland to highlight their dodgy practices – You can’t keep a “good” bank down…..

But now comes a story that banks2.jpgmakes my blood boil and removes the last vestage of respect I had for these institutions and their employees.

When a person finds themselves in financial trouble we’d all advise that person to seek help from an organisation experienced in debt-management -like the Citizens’ Advice Bureau. After all, the first step to getting out of financial trouble is recognising that you’re in it! Seeking help from experts is the hardest step but when it is taken you expect relief. At this point you expect that a professional organisation, which banks claim to be, that has made stacks of money out of you over the years would be supportive of your attempts to get back on an even keel. That way they can get back to doing what they do best – making stacks of money out of you in the future! A solvent customer is Read the rest of this entry »

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You can’t keep a “good” bank down….

August 30, 2007

I’m always amazed by the ingenuity of criminals to find ways to scam money. I’m even more amazed that possibly the biggest criminals of all are generally not regarded as such. I refer here to the BANKS .. but you’ll probably have twigged that already! Bankers, politicians and estate agents – true gangsters with “professional” titles!

banks2.jpgIn April 2006 the Office of Fair Trading (OFT) ruled that the banking practice of imposing a penalty on customers who failed to make a minimum payment was unreasonable. The OFT restricted the default charges to £12. “Yipeeeeee!” I hear you say.

But hold…… bankers are a wily bunch of coyotes. The September issue of WHICH? Money has found that the banks have found some interesting other ways to supplement their charges. Among these are:- Read the rest of this entry »


Bank Robbery?

June 11, 2007

The saga of the banks robbing us continues in the news to-day. The latest episode is well outlined here in this BBC Report: £1K a day’ for bank reclaimers wherein the banks’ notion that we are only earning money to throw it straight to their shareholders is outlined.

The Northern Ireland Consumers’ Council has so far Read the rest of this entry »