www.iva.co.uk

I just had to share this little tale with forum posters as it has made me giggle but I am sure that it did not make my clients giggle at the time!

When struggling to repay debts, and considering their options, my clients approached their bank for help as they had provided them with a large consolidation loan a year earlier and at the time had shown great concern about looking after them as valued customers.

The only suggestion that they could now make was to advise them to go to a charity shop to buy some cheap items and sell the on e-bay to make up the shortfall! Such creative and helpful advice was met with some astonishment from my clients - but this is genuinely what was discussed!!

I'm not quite sure what to say to that!!! I suppose it's an idea, but it's not what you expect to hear from a bank!

The way forward for financial advice!

I think I must be in the wrong job. I could happily come up with 'creative' solutions like that all day!

[:p]

It could have been worse they could have suggested buying a lotterty ticket. As my wife says a bank is somwhere that will give you an umbrella when it's dry and take it back as soon as it starts raining.

You do wonder at some people don't you!

I wonder if they have to go on a training course to give out such useless information!

[:0] I think they'll find the charity shops are as expensive as ebay now [:D]

How do you react to a bank giving that advice? [:D]

hey we went to see a guy(debt management) who suggested we borrow more money to get us over the next few months!!! it makes you wonder

Our bank (HSBC) wanted us to take out a managed loan to repay theirs, and blow everybody else.

We also approached them when we first hit trouble and they told us to remortgage - again to pay them off. We foolishly did, but never paid HSBC off!

We've done similar Jan and when I think back to how I am now compared to then, I tell you something I'd be well off that's a fact x

yes jan we did same thing.
went to lloydstsb to try and sort something out and they talked us into remortgaging and they didnt even want a valuation just said well your house will be worth at least this amount!!!
looking back now i dont feel so bad about not paying all of it back as they are just as stupid as i am.
they was the same when i came to renew my house and building insurance,quote went up one year i asked why and they didnt know,so told them i was switching companys and they tried to drop the quote.
but your buildings insurance covers you for up to 3 million she said!!!
where do you think i live i said [:D][:D]
i am not a footballer so dont have a mansion to rebuild if it fell down.
as you say you cant teach this crap could you

I wouldn't mind, but way back when HSBC was Midland Bank they were excellent. Couldn't help us enough then and we loved them. We could see our manager and he knew who we were.

Once it got bigger then any personal service went.

I wouldn't touch them again with a ten foot barge pole.

Lloyds have obviously sent their staff to the same trainig school!