Quote:
Originally Posted by nomadking
These customers were quite happy to benefit, until circumstances changed which the banks didn't know about at the time. It's a bit like taking out a variable rate mortgage on the assumption that rates will stay the same or go down, but instead for unseen reasons they go up sharply. You took a gamble and lost, simple as that.
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In some ways I agree people see £££ think I will have some of that. Always saying if its too good to be true it usually is an its a scam.
Infact they no doubt sucked small businesses in as they struggling during these times. Businesses are desperate probably jumped in thinking they would save money.
However the banks just guilty hard selling and even misleading. In some cases at times shockingly blantant fabricating returns/benefits.
At times you either need to be lawyer or an accountant to find the catch.
In this incidence who to blame suppose they thought it being like the utilities deal where you can lock your tarrif. Which I even think this is scam from utilities. Lock enough in then suddenly drop it will leave millions in high tarrifs.
Sure this was banks idea from the off was easily able to achieve quite quickly.