BOI

Fandango

Got a letter today saying they arent offering me a bank service anymore as i owe 200 odd on my laser (which i dont have an overdraught on, nor did i ever want! A Subscription ran this bill up that i dont even use) and i have 21 days to pay it or its going to their debt collection agency. Firstly, the irish tax payer bails them out so they can screw people over 200 euro??? I would say "i bail them out" but, as i have explained to them many times, ive been on illness benifit for about 5 years, only cash i get is the dole and most of that goes on rent. Im (hopefully) over that now tho and am looking for work but even when i explain my situation and tell them in a few months im sure ill be working again (due to new qualifications, did courses first after the illness to make sure i can handle it) they just ignore it. Its pay up or court. Maybe just me, but i think they are absolute dirt! Explain my situation over the phone, ask for a little help and im told, pay up or your f**ked.

Mr. Incognito

I'm pretty sure they're hardballing.

I reckon a debt that small would just be written off.

I'd tell them to get fu*ked

Fromvert

You owe them money, pay up.

Victor

BOI are being bailed out because people aren't repaying money they borrowed.

m5ex9oqjawdg2i

Over 200 euro? You need to contact them and make a complaint as this is a complete joke. It's sickening how they can sting the average joe soap, but tossers with their 10 million euro loans get away scott free... I don't understand it.

Either way, they fail to estimate the life value of a customer. I wonder if you could contact AIB or another bank to see if they could help? Get a small loan to pay off BOI? Pay off 5 euro a week? Check out the local credit union too. I would also contact the local welfare officer, not the social welfare office, see if they can help you out.

artanevilla

It's not the banks fault you ran up that debt tbh, no matter how small, debt is dept and has to be paid.

m5ex9oqjawdg2i

Ah lads, you swear the OP went on a mad bender and spent tens of thousands on beer drugs and whores...

Jet Black

Your own fault. If you did not want the subscription you should have canceled it. You ignored it. I hate this whole 'we bailed them out' attitude people have and then expect to have loans written off even thou thats how we are in this mess.

[AH] Tell them if they want their money they can fandango for it[/AH]

ArseBurger

Axl Sour Typesetter wrote: »

Over 200 euro? You need to contact them and make a complaint as this is a complete joke. It's sickening how they can sting the average joe soap, but tossers with their 10 million euro loans get away scott free... I don't understand it.

You expect people who owe tens of millions of Euro to pay but not someone who owes two hundred Euro?

Consistency FAIL.

m5ex9oqjawdg2i

ArseBurger wrote: »

You expect people who owe tens of millions of Euro to pay but not someone who owes two hundred Euro?

Consistency FAIL.

Well done on completely failing to interpert my post. Where did I say anywhere that he shouldn't pay the money back? If you actually read my post you would have realised that I suggested other methods of paying the loan back.

My point is that the bank would persue the OP for what I would consider a seriously small amount of money, yet through loopholes, legalities and good contacts, those who owe a considerable amount of money get away with it.

ArseBurger

Axl Sour Typesetter wrote: »

My point is that the bank would persue the OP for what I would consider a seriously small amount of money, yet through loopholes, legalities and good contacts, those who owe a considerable amount of money get away with it.

So, you expect people who owe tens of millions of Euro to pay but not someone who owes two hundred Euro?

Consistency FAIL.

Caoimhín

OP, write a letter to the manager or the bank official who sent the demand, explain your circumstances and offer to pay off the debt by €30 a week. Ask them to cancel the lazer cand and request an ATM card only.

Make sure to send the letter by registered post and ask them to give their response in writing.

In my opinion they will not bring in the debt collectors for €200, it would cost them more than €200 to do this. By putting your offer in writing you will have proof that you made a reasonable offer to pay the debt.

If you are having trouble raising the €30 a week then call into MABS. They will offer you advice and maybe speak to the bank on your behalf. I think they might shame the bank into accepting your offer as they are being very heavy handed in this matter.

ArseBurger

Caoimhín wrote: »

In my opinion they will not bring in the debt collectors for €200, it would cost them more than €200 to do this.

No it won't. Debt agencies buy the debt for a percentage and then it's not the bank's problem any more. So it makes sense to drop it in this way.

Look up companies like Intrum Justitia.

Caoimhín

ArseBurger wrote: »

No it won't. Debt agencies buy the debt for a percentage and then it's not the bank's problem any more. So it makes sense to drop it in this way.

Look up companies like Intrum Justitia.

Well if the bank sold the debt to a collection agency and they came after me for€200 (and I had made a reasonable offer to pay back the money), i would let them bring me to court. I bet there would be an outcry and massive bad publicity for the bank.

They are playing hardball with their demands. There is no way the bank want to be seen bringing someone on illness benefit to court for €200.

ArseBurger

Fair play to you.

But it wouldn't be the bank that would bring you to court. It would be the debt collection agency. It's would be their 200 that you owe at that stage, not the banks.

And interesting day for anyone is to sit at a weekday circuit court session. See how many debts are brought forward - and how they get paid off...

Also, note how many people there are there representing the debt agencies. Usually one barrister for all of them. He gets his day rate and runs 30 upwards debts per day. Making it cost efficient.

Augmerson

Thing with banks is, if you owned 200 million they'd be all nice, give you time to sort it out, restructure payments etc.

Owe them 200 euro and it's "GIMME THE ****ING MONEY NOW."

120_Minutes

OP's own fault... a subscription you dont use? why didnt you cancel it then? if money was that tight you shouldnt be paying for something you dont use.

ClayDavis

Fandango wrote: »

i owe 200 odd on my laser (which i dont have an overdraught on, nor did i ever want!

This is a bit of a contradiction. You would owe money you don't have if you didn't have an overdraft. If I'm confused about this then apologies.

Fandango wrote: »

A Subscription ran this bill up that i dont even use) and i have 21 days to pay it or its going to their debt collection agency.

Subscription? If money is so tight why do you have a subscription that you don't use?


Anyway, see if you can talk to someone in the bank face to face, try to come to some arrangement like staggered payments. If there's a mabs office near you, I suggest you talk to them, they may be able to help mediate with the bank.

You may even be able to make an arrangement with the debt collection agency if it comes to that but I think you'd rather this was sorted before it came to that stage.

MagicMarker

lol, what a stupid thread.

Hey guys, my NTL direct debit has made me overdrawn, but I don't watch tv anymore, surely I don't have to pay this do I?

ffs:rolleyes:

My name is URL

Why would they drop your debt? If they did that for you then what about everyone else that is slightly overdrawn.. it can't be one rule for you and another for everyone else

Go and speak with your branch manager and explain your situation, you'd be surprised how accommodating they are if you take the time to talk to them about it directly. Believe it or not, even with a debt they'd prefer to keep you as a customer

JohnCleary

"Owe the bank €200 and you're fcuked. Owe the bank €200 million and THEY'RE fcuked"

Fandango

Axl Sour Typesetter wrote: »

Over 200 euro? You need to contact them and make a complaint as this is a complete joke. It's sickening how they can sting the average joe soap, but tossers with their 10 million euro loans get away scott free... I don't understand it.

Thats the part that annoys me most. I know its my own fault for running up a debt but the fact that they are threatening me over a tiny amount in comparison to some that they are writing off millions for. I of course intend to eventually pay up but until i get work it will be a small amount every week or so, which means not a hope of paying it off within the 21 days they gave me.

Fandango

Victor wrote: »

BOI are being bailed out because people aren't repaying money they borrowed.

And people (not talking about me here as it wasnt a loan) arent repaying money they borrowed cos the banks wrecklessly threw loans at people who couldnt afford them.

Degag

Caoimhín wrote: »

OP, write a letter to the manager or the bank official who sent the demand, explain your circumstances and offer to pay off the debt by €30 a week. Ask them to cancel the lazer cand and request an ATM card only.

Make sure to send the letter by registered post and ask them to give their response in writing.

In my opinion they will not bring in the debt collectors for €200, it would cost them more than €200 to do this. By putting your offer in writing you will have proof that you made a reasonable offer to pay the debt.

If you are having trouble raising the €30 a week then call into MABS. They will offer you advice and maybe speak to the bank on your behalf. I think they might shame the bank into accepting your offer as they are being very heavy handed in this matter.

Good post, but i think that he could offer to pay them alot less per week if he wanted - if he couldn't afford €30 - such as even €1 per week and they would have to accept it.

Fandango

MagicMarker wrote: »

lol, what a stupid thread.

Hey guys, my NTL direct debit has made me overdrawn, but I don't watch tv anymore, surely I don't have to pay this do I?

ffs:rolleyes:

At what point did i say i shouldnt have to pay it? If you read my message correctly i said i cant afford to pay it at the moment but once im working i plan on doing so. I know not cancelling the sub was my own fault and all im asking of the bank is a bit of patience. I dont expect them to write it off.

RolandIRL

"go directly to jail. do not pass GO. do not collect €200"

aahh, if only life was like monopoly

weldoninhio

You ran up a bill on a subscription that you don't use, but never bothered to cancel, even though you couldn't afford it because you were only getting state aid. Then when you were fit to work again, you did a course to make sure you were able for it. BooHooHoo, you were at fault for the debt, it's your responsibility, you should have cancelled the subscription. In no way is the bank at fault for looking for the money back.

I hate this Paddy attitude of "it's not my fault", "but someone else owes them more". Take responsibility for yourself and forget about what others are doing.

Fandango

ClayDavis wrote: »

This is a bit of a contradiction. You would owe money you don't have if you didn't have an overdraft. If I'm confused about this then apologies.

Basically i dont have an overdraught set up on my account but they allow you to go into overdraught unofficially but there are extra charges when you dont have an official overdraught.

ClayDavis wrote: »

Subscription? If money is so tight why do you have a subscription that you don't use?

Basically cos im an idiot. I never cancelled it and basically forgot about it. I presumed that if there was no money in my account the charge would not go through also but thats how i learned about the unofficial overdraught.

Will give the branch manager a visit and see if i can sort something out with him/her anyway. Hopefully they will be a bit more understanding than the letter suggests

Fandango

weldoninhio wrote: »

You ran up a bill on a subscription that you don't use, but never bothered to cancel, even though you couldn't afford it because you were only getting state aid. Then when you were fit to work again, you did a course to make sure you were able for it. BooHooHoo, you were at fault for the debt, it's your responsibility, you should have cancelled the subscription. In no way is the bank at fault for looking for the money back.

I hate this Paddy attitude of "it's not my fault", "but someone else owes them more". Take responsibility for yourself and forget about what others are doing.

Here we go again! Im not saying its not my fault! Im well aware i should have cancelled it a long time ago. Im saying the bank could have a bit more patience and give me some time to sort it out instead of sending threatening letters etc. I fcuked up by not paying attention to my account and letting the sub continue, i accept that.

stepbar

I guess it's the banks fault that the OP can't manage money :rolleyes:

You csn't please people.... send the Direct Debit back and the customer gets angry... don't send it back and they say "I never asked for an overdraft" :rolleyes:



and BTW it's an "overdraft" not an "overdraught" :rolleyes:

Fandango

stepbar wrote: »

I guess it's the banks fault that the OP can't manage money :rolleyes:

Yep, thats what i said. Spot on.

stepbar wrote: »

and BTW it's an "overdraft" nor an "overdraught" :rolleyes:

Thanks teacher. Its "not", not "nor". Double check your own spelling if your gonna act smart :rolleyes:


Double checks...all ok i think!

pebbles21

Go in to the bank and ask them for a loan of €200

weldoninhio

Fandango wrote: »

Here we go again! Im not saying its not my fault! Im well aware i should have cancelled it a long time ago. Im saying the bank could have a bit more patience and give me some time to sort it out instead of sending threatening letters etc. I fcuked up by not paying attention to my account and letting the sub continue, i accept that.

So if someone was in your house, saw E100 of yours on the mantlepiece, took it, spent it and when you realised it was gone they told you they couldn't afford to pay you back at the moment, but if you have a bit of patience they'll get it back to you as soon as possible you'd be happy with that?? I doubt it's the first time the bank have corresponded with you if they are threatening a collection agency. This would normally happen when a few letters have been sent out to the customer and there has been no response. You buried your head in the sand and it's coming back to bite you on the ass.

stepbar

Fandango wrote: »

Yep, thats what i said. Spot on.



Thanks teacher. Its "not", not "nor". Double check your own spelling if your gonna act smart :rolleyes:


Double checks...all ok i think!

I'm not the one who spelt it wrong 3 times.... :rolleyes:


This thread should be in the Banking forum... I guess you're post whoring eh?

Fandango

weldoninhio wrote: »

So if someone was in your house, saw E100 of yours on the mantlepiece, took it, spent it and when you realised it was gone they told you they couldn't afford to pay you back at the moment, but if you have a bit of patience they'll get it back to you as soon as possible you'd be happy with that?? I doubt it's the first time the bank have corresponded with you if they are threatening a collection agency. This would normally happen when a few letters have been sent out to the customer and there has been no response. You buried your head in the sand and it's coming back to bite you on the ass.

Comparing the bank allowing an account without an overDRAFT go into debt to someone robbing money from your house is a little silly tbh.

They had called me previously as i already said. That is the only correspondence i had with them before this.

Fandango

stepbar wrote: »

I'm not the one who spelt it wrong 3 times.... :rolleyes:


This thread should be in the Banking forum... I guess you're post whoring eh?

Probably should be in the banking forum alright. If a mod wants to move it there, fire away. No idea what post whoring is but dont think i am.

3 times? I guess my english is just about as good as my money management skills!

weldoninhio

Fandango wrote: »

Comparing the bank allowing an account without an overDRAFT go into debt to someone robbing money from your house is a little silly tbh.

They had called me previously as i already said. That is the only correspondence i had with them before this.

I'd get on to your postman then, there is a 0% chance that the first written notification you get is threatening a debt agency.

jd007

Sitec wrote: »

"You know what I do with €200? I wipe my ass with €200."

Really? And can that still be used in legal tender?

Dravokivich

Fandango wrote: »

A Subscription ran this bill up that i dont even use)

Here's a thought... cancel the fúcking subscription?

nlgbbbblth

Fandango wrote: »

And people (not talking about me here as it wasnt a loan) arent repaying money they borrowed cos the banks wrecklessly threw loans at people who couldnt afford them.

Horsesh*t.

Nobody was forced to take out a loan. You're making it sound like the banks were putting guns to customers' heads saying "take this loan or else I'll blow your f*cking brains out".

:rolleyes:

Stabshauptmann

Fandango wrote: »

And people (not talking about me here as it wasnt a loan) arent repaying money they borrowed cos the banks wrecklessly threw loans at people who couldnt afford them.

Its a two way street. People wanted the loans, they asked for them. They thought they could pay them back, the banks thought they could pay them back.

ejmaztec

whiteman19 wrote: »

"go directly to jail. do not pass GO. do not collect €200"

aahh, if only life was like monopoly

It was, until all the players' pieces crashed off the board.

wuzzik

Victor wrote: »

BOI are being bailed out because people aren't repaying money they borrowed.

No they are being bailed out because the gave pathetic loans to a handful of greedy property developers who went bust but are being bailed out by the government - problem is you inly owe them a small amount so it is tough luck to you if you owed them millions you would be OK. BOI's new motto should be "SK*EW the little guy" You are not alone there are loads of people in the same position.
:mad:

recylingbin

Why didn't you cancel the subscription?

suitseir

Fromvert wrote: »

You owe them money, pay up.

I agree, if you owe the money then pay it! If you borrowed money from a wealthy friend, would you NOT pay them back because they are wealthy? The point is, you owe so pay! It doesn't make it right because the banks were bailed out. If everybody carried on like that.....and in any case, do you ever check your statements?????

Dudess

I think it's only fair the bank take into consideration the OP's circumstances and set up a payment plan for them, but at the same time, and I see it in my job regularly: the general lack of personal responsibility/requirement for spoonfeeding, in the case of adults, is just astounding.

OP, I'm not a fan of the banking big wigs at all, but you signed up to this service, therefore you have to abide by the terms of it. And also the subscription thing which you chose to avail of - doesn't make a difference whether you use it or not if you didn't cancel it. You were still knowingly using a service.

Caoimhín

OP, i just mentioned this to my father, he was 45 years in AIB, (retired 8 years ago). He said that it is very common in the current environment for the banks to get cranky with people who are overdrawn by even €10.
The staff are embarrassed to have to ring otherwise good customers whom they have known for years and tell them they are overdrawn. It is direct orders from the bigwigs in HQ on their €500k per annum :mad:

Secondly, the bank would not sell a debt of €200 to a collection agency, if they did, half the country would be getting calls from collection agencies. Also, a debt collection agency wouldnt be interested in a small amount like that.

Like i said before, write to the bank and offer them a weekly payment to cover the debt. Dont be cheeky by offering €2 per week though.

Point being, you are not the only person this is happening to and its not the end of the world.

Blobby George

What did you expect in fairness? The abdication of personal responsibility is what has the country in the shítter.

Caoimhín

Blobby George wrote: »

What did you expect in fairness? The abdication of personal responsibility is what has the country in the shítter.

WTF!! The OP is on illness benefit and he forgot to cancel a flippin subscription. It could happen to anyone and he intends to pay the money back. He was just a little freaked with the strong handedness of the bank and wanted some advice.

Get off your high horse.

Fandango

recylingbin wrote: »

Why didn't you cancel the subscription?

Honest answer, cos im an idiot. I know i should have but thought once the cash in my account ran out it wouldnt go thru and tbh wasnt paying alot of attention to my account.

Anyway, was perhaps a bit to hasty to pretty much call them a bunch of "you know whats". Rang them today and in fairness they were very understanding. Agreed a minimum payment of €20 a month (even tho i suggested 40, but as i have other bills to pay the guy said he would put 20 down as what i agreed i can pay and if i can pay more, great). Think the letter is probably a standard one sent whether you owe 200 or 2,000. Anyway, not gonna harp on about this forever. While i hope im not stupid enough to get into this situation again, at least i know to contact them and let them know i intend on paying the bill instead of just letting them call me.

m5ex9oqjawdg2i

Fandango wrote: »

Honest answer, cos im an idiot. I know i should have but thought once the cash in my account ran out it wouldnt go thru and tbh wasnt paying alot of attention to my account.

Anyway, was perhaps a bit to hasty to pretty much call them a bunch of "you know whats". Rang them today and in fairness they were very understanding. Agreed a minimum payment of €20 a month (even tho i suggested 40, but as i have other bills to pay the guy said he would put 20 down as what i agreed i can pay and if i can pay more, great). Think the letter is probably a standard one sent whether you owe 200 or 2,000. Anyway, not gonna harp on about this forever. While i hope im not stupid enough to get into this situation again, at least i know to contact them and let them know i intend on paying the bill instead of just letting them call me.

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