Just as the credit industry strives to make itself into a respected profession who would you expect to let the side down ?
Dodgy bailiffs? Rogue Lenders ? No, don't be silly, it's the British public!
High on the greed of reclaiming a few quid in bank charges they think they have been overcharged (don't forget they were in the red to start with to attract the charges in most cases) the public has been clamouring for a piece of the banks and have been thronging to the Money Claims Online web site in such numbers to fire off their county court claim forms that the site has become swamped and can't cope with the routine claims that many businesses need to bring to keep things ticking along.
The court service are looking at a drastic change in their pricing policy for claim form issue fees and whilst thats very welcome in the market generally, one has to hope it's not going to lead to a further torrent of claims for overcharging on milk deliveries or some other greed rush. IT was meant to make our life simpler and unfortunately IT's anything but at the moment.
Check out the story at:
http://www.financemarkets.co.uk/2007/06/08/courts-online-claims-service-swamped-by-bank-overdraft-cases/
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