Without naming names, as one has to be politically correct these days, this is a true story of how Banks can be a mere rip-off than a help. I came to the UK & went straight into study. As a single parent and on very low income, it proved very hard saving for pay bills etc.for or survival. I got a Current account with one of the reputable Banks here & a Child's one for my daughter. As a student, I should've automatically got a student account but the Bank didn't advise me on that - prejudice no. 1. As a novice in the Banking systems here, I asked no questions & so delved into something that has hunted me since. Now, I had direct debits that came off my accounts every now & again. There was one point when consecutively, 10 DDs were declined from the same account & for which the Bank charged me £35 each. This amounted to £350. I didn't have the funds to pay it off so it accumulated & I was taken to the Bailiffs who added their fees. I paid over £1000 & was blacklisted & doomed for!
2006-06-17
18:05:32
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14 answers
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asked by
Yawotei-Ready to jump and help!
2
in
Personal Finance