Should I pay my bank debt?

Mam opened a solicitors letter for me there and im pretty pissed off.. I forgot about my savings account transferring money every month. Its landed my current ac into a big minus and I've been charged a fortune in fees. Pretty unfortunate thing for me to forget but still feel like its not really my fault.
Surely a savings account with same bank shouldn't fuk you over?

Option A: Pay back massive fees
Option B: Fuk them and ruin my credit rating for 5 years which i have absolutely no use for.

Its a moral decision which is why i posted it here.

donalg1

Pay them it is your fault after all.

El Weirdo

Deleted User wrote: »

...its not really my fault.

Erm... yes it is.

The King of Moo

Do you still have money in the savings account and can you access it?

If so, just transfer the money back.

busyliving

Go into the bank and try and negotiate a reduction in the fee

donalg1

donalg1 wrote: »

Pay them it is your fault after all.

But i got nothing for the money i owe.. Its an exceptionally unfair charge every week. I told them i was leaving the country for years aswell.

El Weirdo

Deleted User wrote: »

But i got nothing for the money i owe..

Yes you did. You got an overdraft facility on your current account.

El Weirdo

El Weirdo wrote: »

Yes you did. You got an overdraft facility on your current account.

Technically yes. Love to see your reactions to being charged 10 euro a week while not in the country because of a savings account you simply forgot about.

smash

If a property developer was on saying this you'd be telling him to go fcuk himself.

Pay your debt, you obviously have the money in your savings!

I'd love to simply forgot about my mortgage!

El Weirdo

Deleted User wrote: »

Technically yes. Love to see your reactions to being charged 10 euro a week while not in the country because of a savings account you simply forgot about.

Unfortunately, I don't have that much money that I can afford to gallivant halfway around the world whilst forgetting about a bank account.

Snakeblood

Deleted User wrote: »

Mam opened a solicitors letter for me there and im pretty pissed off.. I forgot about my savings account transferring money every month. Its landed my current ac into a big minus and I've been charged a fortune in fees. Pretty unfortunate thing for me to forget but still feel like its not really my fault.
Surely a savings account with same bank shouldn't fuk you over?

Option A: Pay back massive fees
Option B: Fuk them and ruin my credit rating for 5 years which i have absolutely no use for.

Its a moral decision which is why i posted it here.

Why isn't it your fault?

Saila

your paying everyone elses so you might aswell pay your own too

myflipflops

Aids, bleeding testicles and unknown bank charges.

My friend, you have had a tough year.

laoch na mona

if you racked up debt through your own fault then pay. That said it is a bank and they ruined the country so tell them to piss off

smash

laoch na mona wrote: »

That said it is a bank and they ruined the country so tell them to piss off

Yea good plan, let him leave the country and add to the debts that the tax payer has to cover.

El Weirdo

OP, did you previously work in a bank before you went travelling?

Killer Pigeon

Let the Mammy pay it for you, she opened it after all.

DirtyBollox

Deleted User wrote: »

Pretty unfortunate thing for me to forget but still feel like its not really my fault.

if it goes to court and this works i think everyone is gonna try it. from ordinary joe soaps to the previously mentioned property developers.

pity it wont. just ring them and sort something out. if you get in touch with them and you come to an agreement they are ok about it. dont pay and you get screwed. you'll go to court end up having to pay back what you owe, your own legal fees and the bank legal fees.

still though you forgot about it so just forget about it again and it should all go away.

Saila

laoch na mona wrote: »

if you racked up debt through your own fault then pay. That said it is a bank and they ruined the country so tell them to piss off

but its your bank and money

theteal

this kind of situation occurred to me when I was leaving the country so I closed my savings account and thus ceasing the standing order from the current account - I wanted to get my savings out of the country either way hence the thought occurred to me

tbh, I would say it is your fault, op, but I find it very difficult to evoke any sympathy for the bank. pay back the over drawn amount that you owe, that was never yours to begin with.

as for the charges, tell them to go swing!

laoch na mona

Saila wrote: »

but its your bank and money

you have just caused me a morale dilemma I'm off to reflect on my views

Laisurg

Deleted User wrote: »

Technically yes. Love to see your reactions to being charged 10 euro a week while not in the country because of a savings account you simply forgot about.

Well if this is the case then fúck them, if you don't care about the credit rating just don't pay it.

Degsy

I love this "it wasnt my fault coz i forgot about it" business..yes it is your bloody fault.."forget" about anything to do with bank charges at your peril.

And why didnt somebody open the heaps of letter they no doubt sent before the solicitors letter?

I hear something similar in my job quiet a bit "Yeah i went travelling and forget to return these books..its not my fault i was *away* like"...right.

My name is URL

Pay your fcuking debt! 'Forgetting' that you owed money is no excuse for deciding that you now don't feel like fulfilling the agreement that you're contractually bound to fulfill.

DirtyBollox

i'll give you an example of forgetting something.

i broke up with my GF and moved out of the house we had together. i forgot my name was on the gas bill and she never mentioned the bills coming in the door. the company got my parents address and set me the final bill. as i forgot about it i decided to fight them tooth and nail to prevent myself from having to pay this company who makes money all year whilst i dont.

nah i'm only kidding. i realised that it was mistake and i payed the damn bill.

Penn

Deleted User wrote: »

Mam opened a solicitors letter for me there and im pretty pissed off.. I forgot about my savings account transferring money every month. Its landed my current ac into a big minus and I've been charged a fortune in fees. Pretty unfortunate thing for me to forget but still feel like its not really my fault.
Surely a savings account with same bank shouldn't fuk you over?

Option A: Pay back massive fees
Option B: Fuk them and ruin my credit rating for 5 years which i have absolutely no use for.

Its a moral decision which is why i posted it here.

If it went to court, don't use this as your opening statement.

Pay up, or negotiate something with the bank to pay back in installments or something. It is your fault. Deal with it.

smash

Can people stop telling him to negotiate something. He has the money to pay for it in his savings account. It's his fcuk up, he should deal with it.

connundrum

I blame your mam.

If she hadn't opened the letter then we wouldn't know about the problem and it therefore wouldn't have existed.

Get her to pay up!

orourkeda

Deleted User wrote: »

Mam opened a solicitors letter for me there and im pretty pissed off.. I forgot about my savings account transferring money every month. Its landed my current ac into a big minus and I've been charged a fortune in fees. Pretty unfortunate thing for me to forget but still feel like its not really my fault.
Surely a savings account with same bank shouldn't fuk you over?

Option A: Pay back massive fees
Option B: Fuk them and ruin my credit rating for 5 years which i have absolutely no use for.

Its a moral decision which is why i posted it here.

Surely you should have a better handle on you finances.

A poor credit rating will come back to haunt you. Theres nothing surer.

westies4ever

Deleted User wrote: »

Mam opened a solicitors letter for me there and im pretty pissed off.. I forgot about my savings account transferring money every month. Its landed my current ac into a big minus and I've been charged a fortune in fees. Pretty unfortunate thing for me to forget but still feel like its not really my fault.
Surely a savings account with same bank shouldn't fuk you over?

Option A: Pay back massive fees
Option B: Fuk them and ruin my credit rating for 5 years which i have absolutely no use for.

Its a moral decision which is why i posted it here.

pretty sure this is a wind up - its a standing order right? 'implied limits' only apply to direct debits - for a standing order if the money isnt there it isnt paid - a fee will be charged - how much depends on the bank. Once three standing orders in a row fail the bank will automatically cancel it. So say you went overdrawn by maybe €40 or so - they will half heartedly pursue and then write it off.

It takes the best part of a year to get to the legal stage as well - they would have tried to contact you loads of times - other letters? Phone messages?

I call shenanigans.

pickarooney

What exactly are you being charged for? How does this make any sense? In any other kind of business if you tried to buy something they would just say 'no, you don't have any money' but in banking even when that 'buying something' is just hypothetically moving imaginary money from one account to another account in the same bank they'll go ahead and let it happen and then charge you for it. Lunacy.

Mr. Presentable

Deleted User wrote: »

Its a moral decision which is why i posted it here.

In After Hours?

I think you've forgotten more than you're letting on :pac:

MagicSean

I take it you are challenging the extra charges and not the overdraft itself?

hondasam

Deleted User wrote: »

Mam opened a solicitors letter for me there and im pretty pissed off.. I forgot about my savings account transferring money every month. Its landed my current ac into a big minus and I've been charged a fortune in fees. Pretty unfortunate thing for me to forget but still feel like its not really my fault.
Surely a savings account with same bank shouldn't fuk you over?

Option A: Pay back massive fees
Option B: Fuk them and ruin my credit rating for 5 years which i have absolutely no use for.

Its a moral decision which is why i posted it here.

I would not worry about the credit rating, it's means jack **** at the moment.
How much are the fees? contact the manager and try negotiate a reduction.

Akrasia

Deleted User wrote: »

Mam opened a solicitors letter for me there and im pretty pissed off.. I forgot about my savings account transferring money every month. Its landed my current ac into a big minus and I've been charged a fortune in fees. Pretty unfortunate thing for me to forget but still feel like its not really my fault.
Surely a savings account with same bank shouldn't fuk you over?

Option A: Pay back massive fees
Option B: Fuk them and ruin my credit rating for 5 years which i have absolutely no use for.

Its a moral decision which is why i posted it here.

I'll pay it for ya. Sure we all will

Sky King

OP I like people like you, because banks make their money from you, meaning my charges are lower.

Miss Olenska

My bank a/c overdrew while I was abroad. Only by E40 but I had every intention of clearing the overdraft when I got back. So, once back on Irish soil, I toddled into the bank to sort it out and they had closed my account. It had only been a few months. I was like "Er, I'm here to pay that, can you reopen it?" No was the answer. Weird. I had every intention of rectifying the manner. Why would the bank not want their money paid back?

Jaysoose

People dont "forget" about savings accounts they do however choose to ignore their responsibilities.

Pay the bill.

westendgirlie

Ring them up and say that you want to transfer all monies in your saving account back to your current account. But you want them to cancel the fees incurred.

If they start getting arsey, request a statement of all fees charged from date of opening account and to what they relate to. Many banks have been found to be overcharging for years so they may think it's too much hassleand waiver the current fees.

As long as you leave that money in your savings (it isn't yours) then let them work for the fees they charge.

suitseir

Deleted User wrote: »

Mam opened a solicitors letter for me there and im pretty pissed off.. I forgot about my savings account transferring money every month. Its landed my current ac into a big minus and I've been charged a fortune in fees. Pretty unfortunate thing for me to forget but still feel like its not really my fault.
Surely a savings account with same bank shouldn't fuk you over?

Option A: Pay back massive fees
Option B: Fuk them and ruin my credit rating for 5 years which i have absolutely no use for.

Its a moral decision which is why i posted it here.

Talk to them. Don't ignore it. Just think of the credit ratings and sometime in the future believe it or not, you may need this financial institution again. Never say never!

Best of luck.

Fighting Irish

laoch na mona wrote: »

if you racked up debt through your own fault then pay. That said it is a bank and they ruined the country so tell them to piss off

:rolleyes:
The people of this country ruined this country!

I think this threat shows how most people don't read the opening post. Racking up debt? Fuk off. Go into the bank? Fuk off. I live and work in Vietnam. Didn't you see the letters? Fuk off. I live in Vietnam.

Anyone who thinks a savings account should ruin a credit rating simply because of forgetting about it.. Fuk off. If it happened anyone here, you'd be rightly pissed off.

My only debt is bank charges because of a savings account. Im not a freeloader. I paid of my debt before, I made it out of the country, I work in another country. I don't deserve this effort because i was I set up a savings account a year before leaving the place. Banks shouldnt kill your current account by putting money in a savings account.

I think this threat shows how most people don't read the opening post. Racking up debt? Fuk off. Go into the bank? Fuk off. I live and work in Vietnam. Didn't you see the letters? Fuk off. I live in Vietnam.

Anyone who thinks a savings account should ruin a credit rating simply because of forgetting about it.. Fuk off. If it happened anyone here, you'd be rightly pissed off.

My only debt is bank charges because of a savings account. Im not a freeloader. I paid of my debt before, I made it out of the country, I work in another country. I don't deserve this effort because i was I set up a savings account a year before leaving the place. Banks shouldnt kill your current account by putting money in a savings account.

sdanseo

Deleted User wrote: »

Mam opened a solicitors letter for me there and im pretty pissed off.. I forgot about my savings account transferring money every month. Its landed my current ac into a big minus and I've been charged a fortune in fees. Pretty unfortunate thing for me to forget but still feel like its not really my fault.
Surely a savings account with same bank shouldn't fuk you over?

Option A: Pay back massive fees
Option B: Fuk them and ruin my credit rating for 5 years which i have absolutely no use for.

Its a moral decision which is why i posted it here.

You posted on AH for assitance making a morally important decision?


*falls off chair laughing

[serious mode] Pay it back if you can afford to, or at the very least call the bank, explain that you need the money for career progressio or make up some bull****, and see will they mitigate some of the cost. They may help you out given it was a genuine lapse on your part. Worth a shot however unlikely.

KERSPLAT!

Deleted User wrote: »

I think this threat shows how most people don't read the opening post. Racking up debt? Fuk off. Go into the bank? Fuk off. I live and work in Vietnam. Didn't you see the letters? Fuk off. I live in Vietnam.

Anyone who thinks a savings account should ruin a credit rating simply because of forgetting about it.. Fuk off. If it happened anyone here, you'd be rightly pissed off.

My only debt is bank charges because of a savings account. Im not a freeloader. I paid of my debt before, I made it out of the country, I work in another country. I don't deserve this effort because i was I set up a savings account a year before leaving the place. Banks shouldnt kill your current account by putting money in a savings account.

Ring the bank? Fuk off! Send a letter to the bank? Fuk off! Get mammy to call in/call the bank? Fuk off! Be honest would ya ffs, it's your fault sort your **** out!

Nice response. Did i blame you for anything? I will send the letters, I will ring the bank. I only found out yesterday.

Amzie

Deleted User wrote: »

I think this threat shows how most people don't read the opening post. Racking up debt? Fuk off. Go into the bank? Fuk off. I live and work in Vietnam. Didn't you see the letters? Fuk off. I live in Vietnam.

Anyone who thinks a savings account should ruin a credit rating simply because of forgetting about it.. Fuk off. If it happened anyone here, you'd be rightly pissed off.

My only debt is bank charges because of a savings account. Im not a freeloader. I paid of my debt before, I made it out of the country, I work in another country. I don't deserve this effort because i was I set up a savings account a year before leaving the place. Banks shouldnt kill your current account by putting money in a savings account.

Threat you mean thread right?? Just messing with you!! Definitely pay what you owe and learn from this crappy experience. :rolleyes:

Aishae

The point is it's not up to the bank to babysit your accounts. They didn't know you left the country either.

It's not clear if the main account is just emptied or if it's in overdraft.

It was a mistake. Forgetting about something isn't much of a defence with stuff like this. But the bank might be willing to cut some of the fees as a gesture of goodwill. They aren't obligated to do it but if you talk reasonably to them they might.

weldoninhio

Deleted User wrote: »

I think this threat shows how most people don't read the opening post. Racking up debt? Fuk off. Go into the bank? Fuk off. I live and work in Vietnam. Didn't you see the letters? Fuk off. I live in Vietnam.

Anyone who thinks a savings account should ruin a credit rating simply because of forgetting about it.. Fuk off. If it happened anyone here, you'd be rightly pissed off.

My only debt is bank charges because of a savings account. Im not a freeloader. I paid of my debt before, I made it out of the country, I work in another country. I don't deserve this effort because i was I set up a savings account a year before leaving the place. Banks shouldnt kill your current account by putting money in a savings account.

Nice attitude, I hate the banks, but i hope they screw you to the wall. You messed up, You deal with it. You owe the money, it is your responsibility. And nothing anyone says here will change that.

sbsquarepants

Deleted User wrote: »

Technically yes. Love to see your reactions to being charged 10 euro a week while not in the country because of a savings account you simply forgot about.

I forgot, so therefore it's not my fault?
Of course it's your fúcking fault!
Or to put it another way, who's fault do you think it is, that you agreed to pay a contracted amount money into your savings but then you fúcked off to vietnam and you promptly didn't bother to honour your contract?

Deleted User

Deleted User wrote: »

Banks shouldnt kill your current account by putting money in a savings account.

Except when you explicitly instructed them to


Ring up the bank and explain you moved country and can they waive some of the charges
if you are nice about it they might