For many people, the biggest mistake they make financially is having debts with their own bank. Banks have the “right to offset” i.e. they will always take money from a debtor to cover the debts with the bank in preference to any other payments due.
Archive for the ‘Bank Accounts’ Category
Opening a new bank account with bad credit
Thursday, March 6th, 2008Debt Jugglers start to feel squeeze
Thursday, November 15th, 2007Credit card “rate tarts” who rely on being able to shift their debts on to a succession of temporary interest-free deals could struggle to get accepted for a new card as the credit crunch hits plastic, say experts. (more…)
Bank employees not immune to debt problems
Tuesday, October 9th, 2007We are coming across more and more bank employees with debt problems. If an employee of a bank cannot manage their debts properly, what hope is there for the rest of us?
Credit card cheques come with hidden costs
Friday, October 5th, 2007UK credit card cheques are like normal bank cheques, except that money is drawn from your credit card, not from your current account. However, there are differences to normal credit card transactions, and they will cost you more. (more…)
Avoid debts with the bank where your wages are paid.
Friday, September 7th, 2007You should always avoid debts with your bank where you maintain your current account. This is because your bank can help themselves to money owed to them whether you can afford it or not. (more…)
