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BANKING & ECONOMY

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MK_DON
Guest
#1231 | Posted: 30 Aug 2012 17:22
Reply 
Re voiding off transactions
Isn't this in part how market manipulation can work?!
Brokers put through a transaction re purchases of stocks/shares & immediately void them off... so although no monies actually changes hands - the purchases go through the books creating a false picture of who is buying whatever commodity at a certain price...

I don't know where I got this info. from & I'm no financial expert so i could have picked it up wrongly.

Ramping (the market): "Actions designed to artificially raise the market price of listed securities and to give the impression of voluminous trading, in order to make a quick profit."
dreamkatcher
Member
#1232 | Posted: 30 Aug 2012 17:42
Reply 
"3" mobile makes a small charge, which is refunded not shown on statement, when you extend your contract/upgrade. I asked them what it was & they said it was an amount they had to pay to the firm they do a credit check with & it would be refunded. I asked them if, in the years Id had a contract with them, any payment had ever been refused. They confirmed it hadnt, so why do they still have to check? ( I need a mobile incase I fall, which I used to do frequently, but not so much now, apart from 7wks ago, lol)

dk
nordsee220
Member
#1233 | Posted: 30 Aug 2012 19:08 | Edited by: nordsee220
Reply 
MK_DON:
Have you (or anyone else) ever been charged interest for beiing £1 in debit?

Yes> Me. I once misread my end of month balance as £xxx.69. It was actually £xxx.96. I got charged interest on over £800 for the sake of 27p. Cost me about £16. So now I simply don't trust them.

This is the final reply from Barclaycard telling me NOT to pay any £1 transactions that appear. Does this mean I'm absolved from interesr charges if the £1 turns out to be a genuine charge. eg, I buy something for £21.99 and the seller accidentally charges £20.99. He then adds a charge for £1. I ignore the £1 charge as instructed and get shafted.

Incidentally. As stated above, I don't trust'em. Why couldn't they give me the correct answer in the first place?

The amount of £1 that you are querying relates to an internal security check and will not be processed onto your account, this should automatically wipe off your account overnight. May I request you not make any payment for £1 pending transaction.

I hope this information has proved useful. If you require any further assistance, please feel free to contact me.

Kind Regards,

Ankit Chakravarty
Customer Service Advisor
Barclaycard Customer Services


In a similar vein, Barclays always apply debits to your account BEFORE credits. In over 30 years with them I've NEVER been overdrawn apart from a year back. I had £100 to go into my account and a bill to pay. I paid the bill online before going to the branch and it took me pennies overdrawn. I then paid the £100 cash in and was promptly charged £8. I objected as I have a £500 authorised overdraft limit. Their answer. "Think yourself lucky it wasn't the £25 we used to charge."

What pisses me off is now if I get paid say on Wednesday and buy something using my debit card the same day my account shows a negative sum as the debit is applied before the credit - even though they happened the other way around. ie My money was IN the account BEFORE I made the purchase. Barclays simply reverse the series of events.

That, my mates, is a FACT.

(Perhaps THEY financed the WTC7 report via their time machine?)

Any wonder I don't trust them?
MK_DON
Guest
#1234 | Posted: 30 Aug 2012 22:34 | Edited by: MK_DON
Reply 
I dont know why im suprised Ankit could not give you the correct 'official line' to your query first time round.. it took me less than a minute to find their excuse/reason..

Re your charge... I perhaps phrased the question wrongly...
Have you (or anyone else) ever been charged interest as a result of your balance being @ debit on the date payment was due, directly as a result of a £1 verification transaction being put through your account?

Re debits and credits
One of the first things you learn in accounts/bookkeeping is that debits go in left hand column and credits in right.. at work we enter the credits into our software package first (thinking being you cannot pay money out until uv received it) but the law soc. approved system always adds the debits to the ledger before the credits when generating day end accounts. This creates the illusion ledgers are in negative balances at times when they are really in credit.
This practice of adding debits before credits seems common.practice in all 'double entry bookkeeping' systems..
If you did not know better you might think the whole system was designed to create debt.
LoL
Kozmik
Member
#1235 | Posted: 31 Aug 2012 04:49 | Edited by: Kozmik
Reply 
This thing about the banks applying debits before credits was one of the reasons my friend Alison was shafted, one time. She was in the same bank as me, Nationwide, at the time... the bastards did this to her, causing her to go overdrawn - by their reckoning - and it caused her so much shit that she closed both her accounts, her children's accounts, her partner's account, and a couple of members of her extended family, too. I know it was just a gesture, but I certainly don't blame her. The attitude of the clerk at the bank was one of complete indifference, and as I was with her at the time, we began talking loudly about what had happened. The clerk didn't like this but there was nothing he could do about it... a lady stood behind us in the queue joined the conversation, and everyone in the foyer could hear what was going on. I have a loud voice and a large vocabulary and I made sure everyone within range knew what a bunch of c*nts these robbing bastards are. Actually, I was really getting into it, and although I know it won't make a jot of difference to the way these creatures carry on, I felt it had to be said. Everyone in the bank that day got an ear-full of Kozmik in full rant, not one customer appeared to disagree with us. A round of applause would have been nice, but hey, this is England, and perhaps our so-called natural reserve put the brakes on that happening; but these bastards have to be told!!!
dreamkatcher
Member
#1236 | Posted: 31 Aug 2012 08:50
Reply 
MK_DON:
but the law soc. approved system always adds the debits to the ledger before the credits when generating day end accounts. This creates the illusion ledgers are in negative balances at times when they are really in credit.

I used to do accounts for legal firm many moons ago, & like most firms found that money owed to the company had to be paid on completion, but the balance was held by the legal firm until the end of the month. Obviously this generated interest in their bank account for the time it was held.

Simples.
nordsee220
Member
#1237 | Posted: 31 Aug 2012 09:52
Reply 
My action was to transfer my ISA from Barclays to NatWest, who promptly lost it.

I've already covered that one a few months back though. Some may recall I ended up receiving compensation - £270.
dark star
Member
#1238 | Posted: 31 Aug 2012 12:18
Reply 
Its a funny old world in which citizens have to go to a man to borrow their own energy and pay him for letting them have it.He just sits there sucking it all in whilst the people think that he is the sole provider of all energy.

Its arse about face,but we accept it as the norm without question.
Everything we ever achieve in life is as a result of the free energy given to us at birth,which is being charged to us with interest.

They haven,t got any money,apart from what we give them;our lives in the 9 to 5 slave trade.
How much of our time/energy do we expend paying back for something that is alreasdy ours ?
Kozmik
Member
#1239 | Posted: 31 Aug 2012 12:50
Reply 
dark star:
How much of our time/energy do we expend paying back for something that is alreasdy ours ?

Just so,ds. There have been times in my life when I've not had work and have had to make do on little money. And I like the "work to live, not live to work" ethic. And although I think of myself not as a materialist, I 've come to the conclusion that it's better to have money than to have none. So, I have to participate in the capitalist nightmare, and like a good prole, I work in a factory. And I really wish I didn't have to. But financial independence is a pipe-dream for most of us. People have to work past the time they thought they could retire, and all the time financial demands upon limited income cause great strife to many. To opt out of this game is being made increasingly difficult, the "Good Life" comedy show's ideas of self-sufficiency stimulated many to perhaps consider a way of life like Tom and Barbara's; but cold reality meant they had to instead go for Gerry and Margot's .
wensam
Member
#1240 | Posted: 31 Aug 2012 12:51
Reply 
dark star:
Its arse about face,but we accept it as the norm without question.
Everything we ever achieve in life is as a result of the free energy given to us at birth,which is being charged to us with interest.

An excellent point dark star :) Just makes it all seem worse and highlights our slavery to these bast***s.
dark star
Member
#1241 | Posted: 1 Sep 2012 14:25
Reply 
Kozmik:
To opt out of this game is being made increasingly difficult,

wensam:
highlights our slavery

I think it,s all about numbers.
When enough people lobby the government to print our own money from thin air to pay back the so called 'debt' to the banksters who only lent us money from nothing anyway then we,ll have financial freedom,.Or,alternatively,just tell our elected reps to stuff the debt up their corrupt arses.......money issed as debt from thin air paid back in kind.....with thin air !
I think this is going to happen,it,s only a matter of time now,the games up.....we know it,they know it,this phase of their control is at an end i think.

Question is this for me;what are the people that manage this farm going to do next ?
They will not let go of the reins of control lightly.

Kozmik:
it's better to have money than to have none.

Agreed,there,s nothing wrong with having money.....and if we didn,t have to pay out so much of it in taxes we,d all have enough to live well,including the many millions living in slums across the world.When you look at your weekly wage and calculate how much goes out in taxes it,s fucking well daylight robbery !......tax is deducted automatically from your cheque,on the way home you fill up with petrol,50% tax ?......you stop off for some shopping,more tax.......you go out for a pint,more tax......you pay a gas bill,more tax....and so it continues,the vampire always wants more
And all that tax,ie. our energy,is charged down to us to pay back a debt of interest on money from nothing !

Anyone watch 'Born bankrupt' with Jeff Randle ?.......I felt like kicking my TV down the stairs such was my frustration !
wensam
Member
#1242 | Posted: 1 Sep 2012 15:09
Reply 
dark star:
I felt like kicking my TV down the stairs such was my frustration !

Ha haha. Do it! I know how you feel- we all should, or redirect the rage towards one of the leading psychopaths who enslave us- creative visualisation- contraviolence warrior style.
Joe
Member
#1243 | Posted: 1 Sep 2012 15:43 | Edited by: Joe
Reply 
dark star:
tax is deducted automatically from your cheque,on the way home you fill up with petrol,50% tax ?......you stop off for some shopping,more tax.......you go out for a pint,more tax......you pay a gas bill,more tax....and so it continues,the vampire always wants more

You forgot to mention V.A.T. on top of all that tax as well!
Hagbard Celine
Member
#1244 | Posted: 5 Sep 2012 19:37
Reply 
I've just sent the following open letter to my bank. I'll let you know what reply I get:

Dear Lloyds TSB,

I am writing to you under Article 61 of the Magna Carta Libertatum of 1215- on the subject of conditions for Lawful Rebellion.

Re: Personal Loan number: (number)
And: the overdraft on Silver Account sort code: (number) number: (number)

I have reviewed the loan agreement that I signed and that of the overdraft I've been using, and information has come to my attention that makes me suspect that the terms and conditions are misleading, unlawful and may contravene Articles 10 and 11 of the Magna Carta Libertatum of 1215, as well as other documentations relating to the Declaration of Right of 1688, and other laws making up the Constitution of the United Kingdom of Great Britain and Northern Ireland, and United Kingdom Crown Colonies, Territories and Dependencies. (Notwithstanding more recent statutes of repeal which are also unlawful.) (As an aside, for your information, I should warn you that your lending policy may also contravene the constitutions of many other sovereign states across the world in which Lloyds TSB, or its partners, clients and contractors, may operate.) Therefore I am suspending all repayments on my personal loan and Silver Account overdraft until this matter can be resolved.

I am also suspending all use of my Lloyds TSB Silver Account, my ISA account and my Lloyds TSB Supersaver Account for any purpose whatsoever in order to avoid the charge of being an accessory to a fraudulent and unconstitutional action, and conspiracy to commit an action in breach of the aforementioned Constitution. This suspension will be lifted if, and when, this matter is resolved.

Suggestions for resolving this matter:

1. I would like Lloyds TSB to arrange for me an expenses-paid trip to the Bank of England in London (This will cost approximately £23, £16 for a return ticket on the Oxford Tube Coach service and another £7 for a ticket on the London Underground). There I wish to be allowed to view the gold bullion and deposit of coinage in the Bank's vaults on which the promissory funds I was lent are backed up. I am happy to cooperate with any security arrangements thereof that the Bank should require.

2. I would like to be presented with documentation, that I can take away with me to be examined by a Common Law solicitor of my choice, which irrefutably proves that the promissory funds I was lent are directly backed up by the gold and coinage I viewed in the Bank of England vaults.

3. In the event of Suggestions 1 and 2 being fulfilled, I would like my loan agreement to be cancelled and replaced with a contract in accordance with the conditions of the Bills and Exchange Act of 1882.

On the successful resolution of this matter, ie: that my loan and Silver Account overdraft are in fact lawful and constitutional, I will immediately lift the suspension on my repayments of my personal loan and my repayments of my Silver Account overdraft; thenceforth all repayments on both will resume as per my new lending contracts. Also I will resume all normal use of all my three Lloyds TSB accounts; if you give your permission, naturally.

Please note: I will be unavailable for contact until Tuesday September the 11th. Post will be stored for my collection. Please do not call until that date as my landline is shared by others in my home. All calls may be recorded.

(Fees: Please note: I charge a fee of £100 per every ten words of your correspondence I'm required to read and reply to, but this is discounted to £150 per 20 words for a single letter of more than one hundred words. I charge £500 per minute for phonecalls. All invoices will be addressed to senders and callers by name.)

Yours sincerely

Ben (of the family Emlyn-Jones AKA: Commonly-known-as Ben)
Kozmik
Member
#1245 | Posted: 6 Sep 2012 18:27
Reply 
Very interesting, Haggers. Please DO report back. I suspect that your bank will refuse to enter into any meaningful discussion of the issues you raise, merely trotting out the old line of, "You entered into the agreement of your own free will, and regardless of the points you raise - by doing business with us thus far you are bound by our rules - etc, etc;".
The banks are obviously fearful of lots of people learning about "Your Straw Man" and I further suspect they will either ignore you entirely or perhaps attempt to buy you off.
Again, let us know what transpires...
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