Wtf. That’s going to cripple me.
Can’t remember the last time I was out of my overdraft. Years.
Are you in an overdraft?
- Yes and I can’t wait to pay 39.5% interest on it
That is absolutely appalling tho, total criminals
Shocking. Fucking scandalous.
19.5% here. thought that was bad enough.
not been out of it since I got it (2008).
last year I paid about 600 pounds just to have a bank account and overdraft.
That’s mine currently, HSBC. Most of the banks are going to 39.9% in March/April.
39.9 not 39.5
I’m not allowed one apparently thanks bank
Natwest are too, I got some email, it’s because they can’t charge flat fees anymore I think?
Genuinely pretty angry about this - total cunts.
How the fuck is this legal?
FFS. This is seriously going to make life even harder than it already is. How is it ok to punish poor people like this?!
This is it
So instead of £6+% it’ll just be %. But higher %. Because banks always win. Even when they’re appallingly run and have to be nationalised.
The only reason I don’t have an overdraft is because I’m such a credit risk because of my horrible debts. Feeling it for you all though, as a person who has cash woes I know how it feels, and that’s just robbery on the part of the banks. Hideous
Honestly for the best, it’s just a con job. I’ve probably paid thousands of pounds to be a thousand in debt.
I hate banks. Get bailed out by the tax payer if they fuck up. If Joe Bloggs fuck up in anyway they get shafted.
I saw this too but then read this article which said it means you pay slightly less and now I’m confused.
Interest calculator on Barclays website also says I’d currently pay £2 less per month based on my current situ
Reckon if we’ve learned anything, it’s that the banks require more money.
Might just sell everything I own, declare bankruptcy and go and live in the woods or something.