Unfairpak Forum - How Farepak Stole Christmas

On Friday 13th Oct 2006 - Farepak Hampers went into administration. Over 100,000 customers were told that no food hampers or vouchers or other goods will be supplied this Christmas as promised, and no refunds! Share your thoughts here...
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 Post subject: bank's record profits
PostPosted: Mon Jan 15, 2007 8:19 am 
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HIGH street banks are set to declare record profits of more than £40BILLION A YEAR - while their hard-up customers plunge deeper into debt.

The astonishing profits - which work out at £112million a day - are up from £34billion the year before.

They come at the expense of customers who pay £5billion a year in overdraft fees and £3billion for controversial payment protection insurance on loans, credit cards and mortgage repayments.

Last night anti-debt campaigners accused the banks of growing rich on the back of spiralling personal debt, which now stands at a record £1.3trillion.

The biggest single winner is HSBC, Britain's biggest bank, which made £13billion last year, up from £11.5billion in 2005.
Halifax Bank of Scotland, accused of ruining Christmas for Farepak customers after failing to increase its owners' overdraft last October, has racked up £5.5billion profits, up from £4.8billion.
The figures are due to be announced over the next two months. They come as millions face bigger home loan bills because of rising mortgage rates.


There has also been a surge in repossessions and personal insolvencies - expected to top 100,000 a year for the first time.


Critics say high street banks have pushed up overdraft charges -which the Office of Fair Trading is investigating - while offering paltry interest rates on accounts.


Further profits have come from financing lucrative takeover deals, switching customers online and closing local branches.


Niall Cooper of the Debt On Our Doorstep pressure group said: "If interest rates go up it is quite feasible the debt bubble will burst."


Stuart Bernau, boss of Nationwide, Britain's biggest building society, said: "It's natural that customers will question whether they are getting good value and service from their banks."


Pula Houghton, senior policy advisor at consumer group Which?, said: "People are being penalised for the smallest transgression."


Britons owe a third of unsecured debt in Western Europe, typically £3,000 in debt - double that of their continental cousins.



WHO'S RAKING IT IN
HSBC £13bn
RBOS/NatWest £9.2bn
Barclays £7bn
Halifax Bank of Scotland £5.5bn
Lloyds TSB £3.7bn
Abbey £940m
Northern Rock £610m
Alliance & Leicester £553m
Bradford and Bingley £333m


HOW THEY HIT YOU
INTEREST rates up to 18.3% on overdrafts - 29.8 per cent on unauthorised ones.
£25 CHARGE for bouncing cheque.
A 5% RISE to 16% on credit card rates.
MONTHLY fees on credit cards.
3% INTEREST on balance transfers.
A £3 CHARGE on credit card cash withdrawals.

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PostPosted: Mon Jan 15, 2007 10:13 am 
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:roll: And they can't see it in them to give our £40+ million back? :roll:

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PostPosted: Mon Jan 15, 2007 10:53 am 
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Like i said in another thread Gill. MONEY MONEY MONEY , its a rich mans world. :evil: :evil:

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PostPosted: Mon Jan 15, 2007 10:55 am 
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Tuesday 16th January, ITV1, Excess in the City: Bonus Bonanza.

The lives of £1million bonus receiving City workers are revealed.

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PostPosted: Mon Jan 15, 2007 11:13 am 
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Victim wrote:
Tuesday 16th January, ITV1, Excess in the City: Bonus Bonanza.

The lives of £1million bonus receiving City workers are revealed.


I saw that advertised last night Tracey and thought "must watch that"!!! Will be interesting viewing to say the least!

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PostPosted: Mon Jan 15, 2007 11:21 am 
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Hey Suzy you are supposed to be at college hon. Good sleep hon?

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PostPosted: Mon Jan 15, 2007 6:24 pm 
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sharon wrote:
Hey Suzy you are supposed to be at college hon. Good sleep hon?


i was at college - was skiving :shock:
very good sleep thanks sharon was shattered.
had lunch at scottish parliament today which was interesting - not much to report but lots to think about in respect of issues that i feel strongly about.
gonna get ready to take chloe to brownies - she is off to the observatory tonight :)

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PostPosted: Mon Jan 15, 2007 8:01 pm 
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ok hon speak later

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PostPosted: Thu Jul 26, 2007 10:32 pm 
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Between them, the big five banks are expected to have made about £20bn in profit in the first six months of the year, but the figure most customers are looking for will be the cost of settling reclaimed penalty charges. Some have estimated that cost at about £4bn, with others speculating the real figure will be half that.

Royal Bank of Scotland reports on 3 August, with profit estimates at £5bn, while HBOS delivers its figures on 1 August, profits expected around £2.3bn.

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