Abandon All Fear

What nobody else seems to be saying…

Posts Tagged ‘hsbc’

[Penalty Charges] Calls to Stop Conducting Illegal Activities are Unfair

Posted by Lex Fear on March 31, 2007

Hit with millions of claims, customer complaints, an online petition and impending OFT investigation- banks are now crying “foul play” and threatening to end free banking.

“Banks were accused of blackmail yesterday for threatening to end free banking if they were forced to reduce overdraft charges and other penalty fees.

The banks, which charge up to £39 for bounced cheques and unauthorised overdrafts, had been expected to be told to reduce the charges to around £12.” – Telegraph

Let’s forget the fact they are already operating illegally by imposing fines greater than £12- therefore sounding like a burglar who complains he’s been asked to reduce his amount of breaking and entering.

These are the companies who this year posted pre-tax profits of:

£11.5bn: HSBC
£.7.14bn: Barclays
£5.7bn: HBOS
£559.2ml: Nationwide
£585ml: Alliance & Leicester

These are the companies who insist on charging Average Joe up to £39 for even dipping into the red:

Penalised for just over £27
Penalised for delay in clearing customers cheques – wait a minute, who delays the cheques in the first place?
Penalised for unforseen circumstances

Well, perhaps if you make a mistake, even if it is accidental, unforseen or just business, you deserve to be charged right?

So I look forward to seeing what kind of charges are levied on these errors:

Oops! Delay in receiving monthly salary
Oops! Sent details to wrong address

Quid es equitas?

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Posted in Absolute Power, Bank Robbers, Financial Terrorism, Justice & Mercy, Pharisees, Predatory Systems, Profiteering, Takeback, Uncircumcised Philistines, Wealth Creation, WhatTheyDontWantU2C | Tagged: , , , , , , , , , , , | Leave a Comment »

[Bwankers] Account-ability Advice for Banks

Posted by Lex Fear on March 28, 2007

Most blogs we’re so busy discussing the budget last week they missed the BBC’s undercover whistleblower program exposing underhand standard business practices by Barclays Bank. (Barclays was the focus, just like McDonalds was with fast food. And just like Burger King to McDonalds, you can bank on the rest of the industry using the same business ethic).

“A nine-month investigation by BBC reporters working undercover in a leading British bank has revealed a culture of ruthlessness and lies which will shock their customers.” – BBC Whistleblower

Undercover reporter Amanda Egbujo went undercover as an employee of Barclays for 9 months. In that time she witnessed common practices such as:

  • Treating customers with contempt (particularly those who struggled paying/complained about unlawful charges)
  • Lying – illegally claiming to be Account Consultants rather than Sales Monkeys
  • Moving money from accounts – without authority – to gain commission
  • Adding financial products to customer accounts without knowledge- for a monthly charge
  • Refusing customers products they require, but then offering a financial product they do not need.
  • Staff employed with no criminal background checks
  • Fraud accounts set up with relative ease

I asserted this was not just Barclays, and I have my own experience with HSBC, when they decided to cancel my Graduate 0% Interest Overdraft (which stood over £1000), then reinstate the overdraft a year later at a standard 15% interest. This case is currently with the small claims court.

Indeed this week Halifax had to issue an apology for stolen mortgage details. Unlike average joe who has £20-£35 penalties automatically deducted at the end of the month for going over agreed limits, Halifax is given plenty of time to get their act together by the FSA.

I’ve said this before, it’s not legal, it’s not business, it’s immoral and indefensible.

As a Christian, I believe that these corrupt financial institutions will one day have to answer to God:

“If you see that the donkey of someone who hates you has collapsed under its load, do not walk by. Instead, stop and help. In a lawsuit, you must not deny justice to the poor.” – Exodus 23:5-6

“But I, the Lord, search all hearts and examine secret motives. I give all people their due rewards, according to what their actions deserve. Like a partridge that hatches eggs she has not laid, so are those who get their wealth by unjust means. At midlife they will lose their riches; in the end, they will become poor old fools.” – Jeremiah 17:10-11

“How you hate honest judges! How you despise people who tell the truth! You trample the poor, stealing their grain through taxes and unfair rent. Therefore, though you build beautiful stone houses, you will never live in them. Though you plant lush vineyards, you will never drink wine from them. For I know the vast number of your sins and the depth of your rebellions. You oppress good people by taking bribes and deprive the poor of justice in the courts.” – Amos 5:10-12

Posted in Absolute Power, Bad Company, Bank Robbers, Buyer Beware, Financial Terrorism, Laymans Theology, Morals & Ethics, Predatory Systems, Profiteering, Property Market, Takeback, The Purpose Missing Church, Uncircumcised Philistines, Wealth Creation, WhatTheyDontWantU2C | Tagged: , , , , , , , , , , , , | Leave a Comment »

[Takeback] The Public 1 HSBC 0

Posted by Lex Fear on February 28, 2007

It’s about time one of the Dragons finally had their teeth knocked out and the smile wiped off it’s face.

If you have been reading the MSM and considering whether you should take a shot yourself, join the millions who have already have.

If you need to know where to start, try these links:

MoneySavingExpert
BBC How To
This is Money
Consumer Action Group Forums
Times Online

and you can get more by googling “claim back unfair charges”.

Do it… Now!

Posted in Bad Company, Bank Robbers, Justice & Mercy, Profiteering, Takeback, Uncircumcised Philistines | Tagged: , , , , , | Leave a Comment »