financial independence

Feeling a bit low on inspiration today so heres some of my favourite posts from the past.

Reclaiming Bank and Credit cards charges The stubsy guide to reclaiming bank charges step by step, One of my first ever posts (it shows) but still very popular.

Thing have changed a bit with regard to reclaiming bank charges in the U.K the OFT is holding a trial case with 7 Banks in the high courts see my Bank Charges Update for more details.

Credit card small print ways your bank is keeping you in debt.

What is FOREX You probably stand more chance of getting rich with FOREX than with blogging.

Thats my most popular posts from the past. Going away for the weekend see ya soon.
Bye Bye

Bank Charges

Bank charges are like a penalty for a breach of contract imposed on you by the bank, when you opened your bank account you signed to say you accept these charges.

The reason these charges are unlawful is the sum imposed on you must reflect actual costs incurred by your bank the office of fair trading say this is about £1, most banks charge about £30 which far exceeds damages the bank suffered due to the breach of contract, making these charges a penalty.

When your bank charges you £30 for forgetting you had to pay the £5.00 Direct Debit for your sponsor a dog scheme the bankers are punishing you and this is unenforceable by the courts.

Heres the procedure to recovering bank charges