Comments on: Why do banks suck?

By: carl cash

carl cash — Wed, 16 Jan 2008 00:30:22 +0000

For many years, bankers have been feeding off the needy and putting high risk customers into unfair debt through slick sales and all in the name of greed.
how fitting it is that these same bankers are now squirming in their socks and running from the credit crisis!
but will they learn? of course not!
we must treat banks like supermarkets! … if they sell you sour milk… or give you the india callcentre vibe, just go somewhere else… i did !

By: juice

juice — Wed, 12 Dec 2007 03:12:50 +0000

Joseph,
But what about debit cards?
This is the information age.
I can send this post at the speed of light and you could read it in the next minute. If you chose to.
Why can’t banks add up their check card customers’ transactions/balances at the speed of light?
Because they stand to make substantial gains!
They wait until the end of the month before calculating balances(meanwhile giving people false information about said balances), then slam the poor b*stards with overdraft charges.
Get real!
We the people don’t have to give them our money. Banks have to convince us that keeping our money there is SAFE and is EASY. Otherwise, why bother?
Perhaps if banks gave us an option to overdraft in case of emergency…with FAIR WARNING, it wouldn’t be such a big deal.
The chances of getting mugged are a lot smaller than the chances of getting ripped off by banks.

A depositor used to get paid interest, now they pay it.

By: scott

scott — Sat, 01 Dec 2007 11:13:08 +0000

I’m 40 years old and have been dealing with banks for the past 24 years and it has like any relationship had its ups and downs. i think that the simple rule of banking is that for every euro that you earn you should only be allowed to spend half, the other half you should save, not easy i know but the banks of the world recognise this as weakness and will do everything to get that other half by offering you the world, cheap loans, credit cards, buy now pay later,etc… these are all just their way of trying to take control over your life and like so many of you i was also a victem of this conspirecy. The thing is there are too many variables in the modern society, life is a game and money is just a way of keeping score. Modern banks know this all too well and use the human nature of wanting things to gain controle over individuals one loan at a time, you just have to look at some of the coments of famous bankers like Rockefeller, he didnt want to have any political power at all because he knew if he had control over the nations money he could have control over the nation and the same is still true today, quite interesting is that in the usa the goverment is completely in debt to the banks but yet they are the ones insuring your money in the bank, a bit of a paradox i think. If you really knew how the banks operated you would think they were criminals. think of it when you take a loan you are borrowing money that the bank doesn’t even have, they are just selling you a piece of paper which by the way is their first place of revenue that piece of paper also costs money. then you get that paper and you go out and buy a house for example with a promise to pay for that house in lets say 25 years. so every month you go to the bank with your money and pay your money and the bank puts that money towards the rent of the loan that you have borrowed, so let us imagine that you pay on that loan for 6 years and then you want to sell that house again you still owe the bank the original amount that you borrowed, hmm what about all that money i gave you to start with over the past 6 years. they will tell you that you were paying for the privilage of having a roof over you head. and also could anyone tell me why the prices of house dont stay the same more or less and why my parrents made a 500% profit on their house and yet i lost money 20 years later when i was trying to start a familly and be a good citizen.(sorry sour grapes) today i am debt free and intend to stay that way my advice for anyone is that if you cant afford it dont buy it if you really want something save for it and if you cant save then you probably should considder how to earn more money not how to get another loan, this is exactly what the banks dont want you to do because they will loose their controle over you, and your taking the power back into your own hands. in the past couple of years my bank has made me all kindss of offers and it is very amusing to me now that i have learnede their tricks. if every citizen was debt free the banking system and also the entire nations economy would probably collaps and then only the average guy on the street would be in control and not the ones we are supporting today living the life of luxury on the coat tails of all of us that work for a living,

By: Joseph

Joseph — Wed, 01 Aug 2007 22:54:29 +0000

OK…first off lets cover some basics people. I am a banker of 9 years and I will set you straight.
1) You complain about overdraft fee’s right…well dont overdraft. Do you complain when you dont have enough money to buy something, but you bank pays the draft for you anyways? Hmmm…think of that. You can only overdraft if you dont have enough money. If you dont have enough money why are you buying things? So yes the bank will charge you for a overdraft and you will complain, but think of this next time you are stranded somewhere and you overdraft your account to get home…would you complain then about the fee or would you of rathered been stranded? If you dont have money dont buy it!
2) Keep your own balance for your own records. It is not the banks responsiblity to keep your available and current balance up to date since they have NO IDEA how many checks you write until someone cashes them…only you know this. So if you keep a check register up to date of every transaction you will never be off balance, which in turns means you know how much money you have and then you wont overdraft!!!

Simple stuff people…the bank is not there to screw you it is there to allow you to use things like checks, and moneycard to make purchases so your dumb ass is not alking around with all your cash waiting to get mugged…

By: mistabank

mistabank — Wed, 06 Sep 2006 05:14:08 +0000

Hey I take all I said back. I have since left the bank cause they are a bunch of f**ing retards. I have sympathy for the devil when it comes to putting your money away in one of many financial institutions. There is no money in banking so everyone who has a head on their shoulders leaves so it puts pressure on the morons they have working behind the empty desks. However, banks are insured there Jim Beetha…. you don’t “lose” your interest in your mortgage property. They need to collect if your broke azz can’t pay them, thats fairly straight forward finance there Jimbo. Besides the bank uses your capital for financial gain yes….but if it wasn’t for them how would you finance your house you moron???? Can you save that many pennies under your mattress or do you know a mortgage broker who accepts promises to pay someday in the future…..no I think not. Banks are a neccesary evil, you just have to learn the ins and outs and play by their rules. Did you know that if you pay your mortgage off every week instead of every month (same amount of money per month) you can pay your mortgage off two years faster or maybe even more??? Tricks like this let you get ahold of the bank by its horns. Don’t be afraid my child, just come closer to the light.
I’m out-

By: Dave

Dave — Mon, 31 Jul 2006 22:03:53 +0000

Llyods Bank is CR*P

What a ‘F’ing bunch of morans Llyods bank are, Just when i’m about to get back on my feet the bank throw a BIG sodding spanner in the works. I’m waiting for my loan to go through so i can pay off all my overdrafts over three accounts, The only way i know if its all gone through is to check my bank balance using the hole in the wall. But hat has those bunch of top grade bunch of marans done…….. Retained my bank card. This means i have no access to my balance and no access to my money to pay the other two overdrafts.

Llyods bank got me into this sh*t in the first place by showing me all the shiny things, platium account, credit card etc and being young i took it all. Now they hound me every single day of my life expecting me to pay everything back to them right there and then. Well dont they think if i could have done i would have done by now???!!!! And know that i can pay everything back right there and then they take my only access to money away from me. UM CLEVER!

– SNIP –

(Sorry Dave, had to remove some of your post for libel reasons — Mark)

By: jim bethea

jim bethea — Fri, 14 Jul 2006 03:51:07 +0000

Why do banks suck? Let me count the ways!

Banks claim/alledge that they loan you something of value, their own money.

Nothing is further from the truth. They loan you nothing of their own and this is failure of consideration and breach of trust.

The banks take your signed Promissory Note, then enodorse it making it payable to themselves and sell it!

You are paying interest on the fiat/fractional lending monies that your own signature created, which funded an undisclosed account you never knew was even established in your name.

For the peopel who think this is totally maniacal, please read any note or mortgage that you have signed and you will always see a clause which states you have “waived presentment”………do not beat yourself up, because you like millions of others never even knew what the term wavied presentment means by law.

What this terminology means is that you have given approval for the banks to do whatever they choose to do with your promissory notes and accounts…………..which you never knew about.

I need to keep all of this very simple, however, anytime you have signed any negotiable instrument, thinking any bank or credit card company is really loaning you their own money, then you have been dubted royally.

Have no one ever wonder why you and your spouse have been coerced to sign a promissory note days before the “closing date” on any property, and suddenly you learn on the date of closing that you are further coerced to sign another promissory note called a mortgage note?

Why do you have to sign this mortgage note? Because the first promissory note was used to create a checkbook entry [bank account] which you had no clue ever existed, and now you sign the mortgage note which allows the bank the alleged rights to steal your property back from you, when they never had invested anything of value or consideration to gain such a fraudulent leverage to obtain the court’s help in stealing you lawful property away from you the moment you miss one payment.

Get much smarter America before we lose our country to the New World Order, Internatioal banksters, the World Bank and the theives how are pulling the congressional and political strings.

Jim Bethea / Myrtle Beach, SC

By: mista bank

mista bank — Sat, 17 Dec 2005 03:56:50 +0000

Hey dingnut(BRAD), you know what, the reason that you got raped at the renewal of your mortgage is because you went BAnkrupt numbnuts!!! Think about it, if you lent your buddy $100 bucks and he said he can’t repay you cause blah blah blah, how bloody willing would you be to give him a loan again??? In my opinion and the way things work, idiots (yes you) who qualify for a massive loan and take it all and then regrettably can’t afford it in the end, don’t deserve a second chance anyways. You should be living in an apartment where your landlord shoves a broom in the ceiling if your having a shit and fart too loud. Banks treat people who are richer than most better, cause guess what they give them money to invest in, not like you who takes away from their earnings. You are not protesting MacDonalds cause they charge too much for cheeseburgers even though you probably eat 10 per month you nuuub. I work for a bank, I know what I am talking about. I am training to be an account manager. And for all you people out there who wonder why you can never get ahold of your account manager its cause we have like a gazillion clients and it all comes down to who comes in and sees them personally, even the rich folk. So get off your lazy arse and go down to the bank and get your crap done, personally. I’m out.

By: Monk

Monk — Tue, 13 Dec 2005 18:28:59 +0000

I think that banks are really evil.. I am going back to usein my penny bank.. at least it dosn’t screw me every time I take money out… I think banks are good if you have so much money that you could care less if you are being screwed… I am 21 years old money is not that easy to come by when you are in college. And, when you are tryin to pay for gas and bills, and books, it doesn’t help when your takin it up the ass by your bank.

By: keith

keith — Mon, 07 Nov 2005 13:06:35 +0000

Llyods has screwed me for the last time.
Personal business manager?(never available and unable to make final decisions)and charge me for his role?
Needed help to relocate due to end of business lease needed help to finance rellocation after years of trading.Told no and left me with no business premises no job and now charging me interest and selling my small debt to a debt agency.

The only business that can create debt for it’s customer and then walk away no loss to themselves.

Thank god for bankruptcy they deserve some of what they dish out