Yes, they sure are scum. It pains me to have anything to do with them....the scum pass the increases on well before the 30 days though...
I'm a bit confused on this one. I too have a KBC mortgage, the DD for which was the same on Nov 1st as it was on Oct 1st.
If the rate cut was announced on 3rd October then the decrease wouldn't apply until 2nd November which is fair enough. However if it's not applied until 1st December then surely they have taken 60 days to apply the decrease?
I did on both counts.Did you refer to them as scum when you were asking them to loan you money? Their policy on when they pass on rate cuts and decreases is written into your loan offer. Did you read it?
Did you refer to them as scum when you were asking them to loan you money? Their policy on when they pass on rate cuts and decreases is written into your loan offer. Did you read it?
Oh you make me smile. You entered into a contract where you asked a bank if they would lend you money on commercial terms. The terms were laid out for you in black and white before you signed. You even had a solicitor acting for you, who could explain the details to you. If you didn't like them, nobody forced you to sign.
Now you're whinging and calling the bank scum because, shock, horror, they intend to make money out of the deal but still stay within the terms of the agreement that you signed up to?
Banks are businesses, not charities. If you object to this, don't go to them asking to borrow money off them.
In case you hadn't heard, it was the Government that bailed them out. So if you're not happy with how the bailout was handled, perhaps it's the Government that you should be referring to as "scum". If the Government didn't insist on accountability before offering the deposit guarantee, that's the Government's decision. And thankfully, Im not your "pal".
convienient how they "bend" the rules when it benefits them and not the customers....
the taxpayer effectively bailed them out and we get very little in return and no accountabilty....
typical Irish toleration of everything thrown our way....put up & shut up attitude....at least the OAP's nailed the government
Actually IIB/KBC were not bailed out
[broken link removed]
suppose the banks are completely exempt from any blame whatsoever or at least thats what you are implying....
god no...i think ill cry myself to sleep tonight Mr Bank manager....
No I'm not implying that at all. Banks have made some terrible decisions.
I disagree with your referring to banks as scum, because they stick to the terms of a loan agreement that you signed up to, in order to turn a profit.
I'm not a Bank Manager. I'm a self-employed sole trader.
And again I still can't see why you expect a bank NOT to maximise profit on a deal and call them scum when they do. They're not charities.
Your local butcher / baker / candlestick-maker has probably put up prices recently because operating costs have gone up. Are they scum too?
Hi Gmac
I rang KBC today and they advised me that Octobers rate reduction will show up in Decembers payment and todays rate reduction will show up in Januarys payment. This is because with KBC you pay a month behind. I hope this helps.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?