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Missed D.D payments

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  • 25-04-2013 9:24am
    #1
    ganger
    Registered Users Posts: 264 ✭✭


    I got a letter today,telling me as i had missed 2 D.D payments (these were paid 2 days late each time) that if i missed another D.D payment they would cancel the D.D and would have to set up a new one.Each time i missed a DD payment i was charged 10 euros,,can anybody explain what sort of bulls??t this is.The bank makes money on missed payment so whats the big deal.


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    #2
    srsly78
    Registered Users Posts: 7,157 ✭✭✭srsly78


    Make sure you have money in your account to cover the DD, which part is confusing you?


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    #3
    tunedout
    Banned (with Prison Access) Posts: 448 ✭✭tunedout


    srsly78 wrote: »
    Make sure you have money in your account to cover the DD, which part is confusing you?


    I think the confusion is coming from the absolutely extortionate ridiculous charge of €10 applied.


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    #4
    ganger
    Registered Users Posts: 264 ✭✭ganger


    tunedout wrote: »
    I think the confusion is coming from the absolutely extortionate ridiculous charge of €10 applied.
    Yep thats true,but if they are taking ten euros what is the rigmarole about cancelling it and then setting it up again.


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    #5
    ganger
    Registered Users Posts: 264 ✭✭ganger


    srsly78 wrote: »
    Make sure you have money in your account to cover the DD, which part is confusing you?
    IF you read the short post thoroughly ,the question is ,why cancel something they are making money/robbing on and then set up again ?.Try again !!!!!!!!!!!11:eek:


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    #6
    Legislator
    Registered Users Posts: 139 ✭✭Legislator


    How come its the bank's fault if you dont provide enough money to meet a direct debit. If the bank have to return the DD to the Originator there are costs involved which they pass on to the payer. If you regularly miss payments then DD is obviously not the right product for you to pay your bills.


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    #7
    roro2
    Registered Users Posts: 412 ✭✭roro2


    If they kept charging you €10 indefinitely, would you be complaining that they didn't cancel the DD?


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    #8
    chris85
    Registered Users Posts: 4,502 ✭✭✭chris85


    roro2 wrote: »
    If they kept charging you €10 indefinitely, would you be complaining that they didn't cancel the DD?

    exactly, everyone would be complaining if kept being charged money for something like this.


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    #9
    petersburg2002
    Closed Accounts Posts: 346 ✭✭petersburg2002


    To be honest, I would be more worried about your credit record being shot to pieces rather than the €10


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    #10
    chris85
    Registered Users Posts: 4,502 ✭✭✭chris85


    petersburg2002 wrote: »
    To be honest, I would be more worried about your credit record being shot to pieces rather than the €10

    No record on ICB for missed direct debits on current accounts. If the DD's are for a loan/CC there is potential for the other account to cause an impact.


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    #11
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    ganger wrote: »
    I got a letter today,telling me as i had missed 2 D.D payments (these were paid 2 days late each time) that if i missed another D.D payment they would cancel the D.D and would have to set up a new one.Each time i missed a DD payment i was charged 10 euros,,can anybody explain what sort of bulls??t this is.The bank makes money on missed payment so whats the big deal.

    You think €10 is bad.

    Lucky you don't live in the UK. Unpaid and referral fees are way higher there.

    £38 for an unpaid direct debit.


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