As the bank overcharge debate continues to roll on, there has been an interesting development over the last 24 hours. Tom Brennan, a practicing barrister, is confident that he can bring a test case to court, forcing one of the major banks to justify their charging structure in court.
While the Office Of Fair Trading (OFT) have always been championed as the consumers friend, it seems that their ongoing campaign to clean up the financial industry is back firing in spectacular style. Recent research has shown that the financial conglomerates are fighting back, at the expense of the consumer.
The OFT have highlighted a number of major issues over the last two years including :-
It seems that everywhere we turn at the moment we are being subjected to some kind of financial promotion, whether a credit card application through the post, loan advertising on the television or the banks trying to “give away†an overdraft facility. Sometimes it can all become a little complicated, and it can be difficult to think which form of credit best suits each financial situation.
When considering either an Overdraft, Loan or Credit Card you may wish to consider the following :-
