Arranged Overdraught interest rate.

[DeppityDawg]

You and several others on this forum make light of a serious situation. Frankly if you can't contribute seriously can you please not contribute at all.



https://fullfact.org/economy/poverty-uk-guide-facts-and-figures/">https://fullfact.org/economy/poverty-uk ... d-figures/">https://fullfact.org/economy/poverty-uk-guide-facts-and-figures/

Thankfully you don't get to decide who posts and who doesn't.

[papasmurf]

A quarter of the nation can't keep up with the payments on their new motor, bar bills and visits to the local bookies?



I blame the Tories...  

You and several others on this forum make light of a serious situation. Frankly if you can't contribute seriously can you please not contribute at all.



https://fullfact.org/economy/poverty-uk-guide-facts-and-figures/">https://fullfact.org/economy/poverty-uk ... d-figures/">https://fullfact.org/economy/poverty-uk-guide-facts-and-figures/

[DeppityDawg]

A quarter of the nation can't keep up with the payments on their new motor, bar bills and visits to the local bookies?



I blame the Tories...  

Do keep up, Borchester ffs. Everything is the Tories fault  ::



Yes it is

No it isn't

Yes it is



.......yawn

[Borchester]

Financial precarity? Is that a word even? Anyway, you mean like one of the blokes who comes in my local? He's got "precarity" all right. Can't keep a job more than 5 minutes. Always someone eless fault that, mind. Always claims he has no money, yet seems pissed most weekends,...

I wondered where my gardener had disappeared to    

[Borchester]

Yes it is and currently there are 14 million people in that situation in Britain. One months income away from financial disaster.

A quarter of the nation can't keep up with the payments on their new motor, bar bills and visits to the local bookies?



I blame the Tories...  

[papasmurf]

Financial precarity? Is that a word even?

Yes it is and currently there are 14 million people in that situation in Britain. One months income away from financial disaster.

[DeppityDawg]

Amusing for me and you, but for several million people, who will quickly be added to the current 14 million in financial precarity.

Financial precarity? Is that a word even? Anyway, you mean like one of the blokes who comes in my local? He's got "precarity" all right. Can't keep a job more than 5 minutes. Always someone eless fault that, mind. Always claims he has no money, yet seems pissed most weekends, and bets far more than I do. None of this has stopped him signing up to a new Land Rover (in his wife's name I think). He's the kind of person it will hit hardest. Because he lives beyond his means. No one's fault but his own. And hers for putting up with the soft ****

[papasmurf]

My bank's email on the matter told me there would no longer be unarranged overdrafts.



This is going to be amusing

Amusing for me and you, but for several million people, who will quickly be added to the current 14 million in financial precarity.

[johnofgwent]

MoneySavingExpert has made the best summary of this I have seen so far



In short, in response to criticism of the difficulty in calculating fees, all the banks seem to have adopted the same model and fee structure, which the organisation criticising the banks says was NOT their intention.



Yeah right.



The one line summary seems to be if you go into debt this way once in a very long while and for a SHORT time you will be better under this new scheme but if you are constantly in debt this way you will suffer hugely.



My bank's email on the matter told me there would no longer be unarranged overdrafts.



This is going to be amusing

[DeppityDawg]

Liberal? Given how far Britain has lurched to the far right we have to agree to disagree about that.

Thank god for that. I wouldn't want anyone to think I was agreeing with you.



Yes you do.

No I don't

Yes you do



And so on

[papasmurf]

That's society in general, sadly. We live in times of the lowest common denominator, a practice pursued more each day by our increasingly liberal society.

Liberal? Given how far Britain has lurched to the far right we have to agree to disagree about that.

[DeppityDawg]

Every private individual with a bank account will get such a letter.

It also appears good customers will be paying for the bad ones under new regulations:-



https://uk.reuters.com/article/uk-britain-credit-regulator/watchdog-throws-lifeline-to-britons-drowning-in-debt-idUKKBN1ZX0QF">https://uk.reuters.com/article/uk-brita ... KKBN1ZX0QF">https://uk.reuters.com/article/uk-britain-credit-regulator/watchdog-throws-lifeline-to-britons-drowning-in-debt-idUKKBN1ZX0QF

That's society in general, sadly. We live in times of the lowest common denominator, a practice pursued more each day by our increasingly liberal society.

[papasmurf]

They probably know Papa of old and that he is careful with his cash so sent him the letter to make him feel proud of his good sense.  :hattip  

Every private individual with a bank account will get such a letter.

It also appears good customers will be paying for the bad ones under new regulations:-



https://uk.reuters.com/article/uk-britain-credit-regulator/watchdog-throws-lifeline-to-britons-drowning-in-debt-idUKKBN1ZX0QF">https://uk.reuters.com/article/uk-brita ... KKBN1ZX0QF">https://uk.reuters.com/article/uk-britain-credit-regulator/watchdog-throws-lifeline-to-britons-drowning-in-debt-idUKKBN1ZX0QF

[T00ts]

They probably know Papa of old and that he is careful with his cash so sent him the letter to make him feel proud of his good sense.  :hattip  

[DeppityDawg]

The beeb isn't lying. It is just that Deppity has an overdraft which he can be trusted to spend on good beer and slow horses. So the bank sees him as a valued customer and only charges about 20%.



An overdraught sounds like the sort of thing you get when the window frames shrink and arctic gales blow into the house. When the bank realises that you lack even the mother wit to run a bit of silicon sealant over the cracks they think ahah, we have got a right one here. We will double his interest rate and he will be too dumb to notice the difference.

See, I told you, didn't I?



Poster C - Yes it will

Poster D - No it won't

Poster C - Yes it will



etc etc



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