Posts Tagged ‘ Rip off ’

NatWest additional (hidden) charges?

Thursday, July 23rd, 2009

Today I had to transfer some money from my business account to the supplier abroad.
The transfer was for £1300.00 and according to NatWest’s website, I should be chared £20.00 :
NatWest Sending money abroad.

However, this evening I’ve checked my account on-line and found out that NatWest charged me £28.50.

This wasn’t the first time I was sending payment to my suppliers abroad and the charge was always £20.00 -- today however it raised up to £28.50.

I have called NatWest, but all they could say was to go to my branch and ask them -- as if I didn’t have anything better to do.

NatWest charges their business customers for the account on the monthly basis -- clearly that’s not enough.

UK Banks and unlawful charges

Banks and their Rip-Off interest rates

Wednesday, April 15th, 2009

Today I came across the article published on the telegraph.co.uk website about the banks being accused of ripping off customers by charging extortionate interest rates of up to 21% on personal loans.
You can read the entire article here: Rip-off interest rates on personal loans.

My favorite quote from this article is the money-saving expert Martin Lewis’s:

“If you walk into your bank for a loan without checking the market for the best deal you may as well have the words ‘rip me off’ tattooed across your forehead.”

The truth is that last year I had to take a loan to buy a new car – if I knew what’s just about to happen (with the Credit Crunch and all prices going down) I would most probably wait a little bit longer.

I’ve been with NatWest for several years now. My wife and I have personal accounts with them and our business account is also with them.
I blindly believed that because of this and because we are good customers (regular payments etc.) we can get a good interest rate on our new loan.

At the time they were advertising their loans at the interest rate of around 7% APR – which sounded extremely attractive.

Without thinking twice I’ve decided to apply and my loan request has been approved, but for some reason interest rate has jumped up to 15.9 % APR.

I needed the new car so I had to accept it, but one decision I’ve made after this, was that I will never go to NatWest asking for a loan again.

These days we have many options, there are price comparison websites – try them first and do not blindly believe that your bank is going to care about your interest – because they won’t. They are only interested in making profit and by becoming their client – you’re becoming their target.

Be Aware – list of the RIP-OFF companies in the UK

Thursday, February 19th, 2009

The list below contains the names of the companies which have rip their clients off – so that you are aware of what you can expect.
Check this list from time to time for new additions – and also, if you know of any companies which rip people off – feel free to list them here with some short description of your experience.

  • Tiscali – read and listen to the phone conversation here: Tiscali phone line and broadband
  • Top Choice – I’m not sure whether this company still exists – they ripped off a large number of people who have signed up with them. They were providing an on-line courses and I happen to be a victim myself – over £4000.00 loan and company has disappeared after 2 months. After 5 years I’m still paying off the loan.
  • SheriffRatings.com – read the story here: Four ninety nine – what does it mean?

Four ninety nine – what does it mean?

Wednesday, December 24th, 2008

Recently my sister was a victim of a quite clever scam which cost her quite a bit of money as you’ll soon find out.

The company is called SheriffRatings.com who has called her several times offering Google Package which basically mean that they create the entry for her business within their directory -- which by they way isn’t easy to find on google anyway.

After several times saying no to their offer, they said that they can offer it to her for only “four ninety nine” -- so to make sure they won’t call her again, she said OK -- if it’s only four ninety nine then ok.

So, what she’s done was to give them her card details plus the address etc (that’s right -- silly girl). Very soon she has realised what it really was.

A few days later she’s checked her account balance on-line -- and what she found out was that there was a payment made to SheriffRatings.com for £499.00. I don’t think I have to tell you how angry she was.

She’s send them an email asking what’s happend, she has even called them and afrer they’ve listened to the recorded conversation they said that the representative said four ninety nine which for them means 499 and that they wont refund the money.

I believe you could argue here, but for me four ninety nine clearly means £4.99 -- if I was about to suggest 499 then I would most probably say four nine nine -- but that’s what I would do and there’s no specific rule for the shortcuts I guess.

After that she went to the bank to tell them to stop any future payments to the SheriffRatings.com, however a week later she’s been charged another £233.83 and she’s found out about it first by receiving an email from them with the invoice for: Google 75 Tariff (75 Leads) + Yahoo + MS -- which she definitely didn’t order.

Again -- phone call, email, but no response. What she had to do was to close her bank account and open new one with other bank to prevent herself from the future charges as the bank didn’t seem to respond to her request.

Just to make sure that you won’t become a victim of this scam, here are the details of the rip off company taken from their invoice:

Sheriff Directories Ltd
Unit K302
Tower Bridge Business Complex
1 0 0 Clements Rd
London
SE16 4DG
VAT Reg No: 877162689

Their website address is: www.sheriffratings.com -- you can check for yourself -- and remember:

DO NOT GIVE YOUR DETAILS TO ANYONE OVER THE PHONE! -- especially when someone calls you, as it might be absolutely anyone.

New Credit Card Scam

 

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