Buying things you don't need with money you don't have?
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CHARGED FOR BEING IN CREDIT
May 6, 2007

Source: The Mirror
GREEDY banks are finding new ways to claw back cash from customers. Fearing a crackdown on charges, they are hitting back with new ruses. This is despite the “Big Five” - HSBC, Barclays, Halifax Bank of Scotland, Lloyds TSB and Royal Bank of Scotland - making combined profits of £41.3billion in the past year. That’s £131 a second.

Reader Phil Hartney was the victim of one of these sly money spinners. When he opened his Virgin Money credit card statement he was stunned to find he had been hit with a £10 charge - for being £12.72 in credit. Phil, 54, of Glossop, Derbys, said: “This seems wrong. I was amazed I could be made to pay for keeping my account in good order. I keep this card for emergencies. I don’t want to owe anything, so I left it in credit. It’s unfair to sting me.” He has been trapped by the latest fee - a credit balance service charge. Any Virgin Money customer with a positive balance on a card for more than 12 months will be charged £10.


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