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Royal Bank of Scotland admits accounting scam |
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The Royal Bank of Scotland has admitted that it has secretly been changing customers’ accounts into personal loans with up to 80% interest, generating debts of as much as £100,000.
The Bank which has recently benefited from an injection of billions of pounds of taxpayers money has been drawing up new secret loan agreements without the consent of their customers sometimes leading to debts of many thousands of pounds and of course resulting in serious enforcement measures including charging orders and attempts to repossess their customers' homes. |
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Bank breaks pledge
BANKING giant Halifax, accused of hounding a dying cancer patient from Sale with hundreds of telephone calls, has admitted in court to flouting an undertaking not to contact him again.
David Lloyd, 62, who has just days to live, received a letter last month from the bank telling him he owed them cash - despite the bank twice giving formal undertakings in court it would not bother him.
Mr Lloyd, who has lung cancer, and his wife Annette Edwards, 58, and their daughter, Stefanie Moore, 29, are suing the Halifax for damages and pursuing an injunction against the firm.
In an unusual legal step they are taking action under the Protection from Harassment Act after they claim the bank made 762 telephone calls to them over unpaid loans and debts. The bank denies the claims.
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"Safety Socket Covers" are DANGEROUS! |
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 "Safety Socket Covers" are DANGEROUS!
The power sockets we use in the UK were first introduced in 1947. One of the most important considerations in their design was that they must prevent children poking things into the live connections. For that reason they have always been fitted with internal shutters which automatically cover the live contacts when there is no plug in the socket. They are the subject of Government regulation to ensure that they are safe.
Plug-in socket covers which claim to "Prevent little children inserting their fingers or objects into sockets" are:
- Completely unnecessary.
- Unregulated.
- Potentially dangerous.
The moment you insert a socket cover into a socket you are replacing the fully tested insulation properties of the internal shutters with something which is untested and unregulated, why would you want to take that risk?
All plug-in covers provide the perfect tool to disable the built in shutters, it is well established that small children are better at removing socket covers than their parents, if they then put them back in upside down they will leave the socket completely unprotected!
But worse, the most most popular types on the market, far from preventing children from poking things into the live connection, make it possible to do so! |
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Payday loans - seasonal health warning! |
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Bank charges. Wrongful defaults. Higher interest rates. Credit crunch. Whatever next?
Well, Christmas is what's next and that means a whole lot of extra spending and a whole lot of extra debt in the New Year.
How are you going to cope with it all?
Well you could nip down to the corner shop or log on to the internet and take out a PayDay loan - but stop for a moment. If you don't want very seriously to ruin your entire 2009 experience, then find some other way.
PayDay loans is a nasty way of coping with your financial problems and you should do everything to stay away. The Credit crunch and Christmas means lots of business for PayDay loan companies - and also for debt collectors.
Believe me, what is good for them is bad for you. |
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Marlin Financial Services Ltd removes defaults and is ordered to pay court costs. |
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A County Court judge has found that Marlin Financial Services Ltd, a debt collection agency had entered false information onto the credit file of a CAG User. The judge also said that he had seen an indication that Marlin had acted in bad faith although he went on to hold that they had merely acted "negligently".
The court case was conducted on the Small Claims track. Marlin Financial Services Ltd tried to pre-empt the case by removing the defaults at the last moment but the case went ahead anyway on the issue of costs which were awarded to the claimant.
Disturbingly, it seems that in an attempt to defend the claim against them, Marlin conducted up to six searches of the claimant's credit file which misleadingly were described as "trace" or debt related searches.
These searches which are considered by the claimant to be unjustified, may be subject of further action.
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