Tag: "penalty charges"
Actual loss or penalty charge?
By Value hunter on Nov 17, 2011 | In In real life, Money chat, Frugal wars | Send feedback »
"Actual loss" is a gauge for determining whether or not the fees, charges, termination costs or administration fees (and many more charges dressed up with fancy names) are what your personal circumstances have done to cause a loss to a business where a… more »
Are bank charges fraudulent?
By Value hunter on Oct 26, 2010 | In In real life, Money chat, Bad business, Frugal wars | Send feedback »
I believe that some bank charges are in breach of the fraud act 2006. A real example: You have £100 left in your account. You make an authorised card payment for £60 (leaving a £40 balance on your account) A direct debit, of £50 is due out of your… more »
