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    KBC KBC before the Finance Committee next Tuesday

    Bitterly disappointed with the standard of questioning and knowledge of questioners. Legal fees in repo cases can only be awarded by a judge. Once a case gets to court banks have no right to apply interim costs.
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    KBC KBC before the Finance Committee next Tuesday

    Very poor questioning on the prevailing rate issue from Conway Walsh and even worse answering by the KBC guy. If I was in the "prevailing rate cohort" I would take heart. Senator Conway Walsh has asked KBC to look at this issue again.
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    What is the point of avatars?

    Get rid of these large circles with the posters initial in it?
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    What is the point of avatars?

    You're' a fresh looking man for 73 Brendan. Fair play.
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    What is the point of avatars?

    Don't get this circle with an initial in it either. I had no idea who "J" above was until I saw Jazz01 below it.
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    Why don't more people avail of PIAs if they can get Negative Equity written off?

    And if they can why not? My self employed father worked until he was almost 80 because he wanted to. Maurice Gaffney was still practicing as a barrister aged 100. I despair for anyone feeling spent at 65. You're pushing it at mid 80s imo.
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    Ulster Ulster Bank at Oireachtas Finance Committee Thursday 9th May

    I can't see how a borrower can make a fully informed complaint to the Ombudsman about not being in scope / being in scope but deemed not impacted by the bank, until the Central Bank completes it's review and issues it's final report. The goalposts have moved a lot since this whole saga began and...
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    Contacting Eir

    Your hour on the phone might save you a few hundred euro per annum. That's the only comfort from the frustration that comes with trying to contact them on 1901.
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    Reasons for refusing offers of social housing

    When we entertain people in Tipperary who refuse €300,000+ houses because the houses don't have an additional half an acre per house to keep horses, we've lost the plot. The cost of a 3 bed semi in Tipperary is about €150,000, many of which would be occupied by hard working people. There's...
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    KBC Summary of the KBC Cohorts

    This strengthens the case for the "prevailing variable rate" cohort imo. No ambiguity when svr is specified! Considerable ambiguity when the "prevailing variable rate" is specified , and even more so taken in the context of the Framework document and the Consumer Protection Code. Frankly, all...
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    KBC Summary of the KBC Cohorts

    But it is reasonable to be put on a svr after a fixed period where neither the contract or any other communication with the borrower mentioned a svr ?
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    KBC Summary of the KBC Cohorts

    Correct, the reference in the contracts I have seen is to the " prevailing variable rate", as i mentioned in post #10 above, and what I should have specified in post #9 above. The wording is critically important as I know too well !
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    Padraic Kissane appointed to board of Bank Culture Board!

    Surely the Board should be judged by the difference it makes going forward ?
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    Padraic Kissane appointed to board of Bank Culture Board!

    Even for Ireland this is beyond farcical. So we have Dara Deering of KBC on the board. That's KBC bank that routinely applies interim legal costs in repossession cases to borrowers' mortgage accounts, before cases reach conclusion and without any direction from a judge for costs, which they...
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    Please explain how I can make money from CFDs

    Spread betting may be tax free but it's not a level playing field as the spread and the price will always be against you and spread bets, like CFDs, are not exchange regulated. Trading individual shares , even using futures or options where they exist on the share, is inherently more risky than...
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    Please explain how I can make money from CFDs

    You can't set a stop loss.
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    Please explain how I can make money from CFDs

    Most people don't understand the critical difference between trading financial products and betting on horse racing. Many retail traders trade the wrong products and most of them repeat the same mistakes which is why 80% odd of retail trading accounts lose money. Avoid non exchange traded...
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    PTSB Increase Current Account Maintenance Fees for some

    I received my letter from PTSB the other day regarding changes to my current account. To be exempt form the €18 quarterly charge my minimum cleared balance must be €2500 daily, so roughly a twenty fold increase in cleared funds from the €126 need at the minute. They are reducing the credit...
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    KBC Summary of the KBC Cohorts

    I have seen one contract from 2006 where the rate was a " flexi annuity rate" with the borrower going on a fixed rate for 3 years after which the "prevailing variable rate" would apply. After the 3 years the borrower was put on a SVR. There is no reference anywhere in the contract to a SVR , or...
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    KBC Summary of the KBC Cohorts

    What they have said in many contracts that I have seen is that the "prevailing" rate applies after a fixed period. There is no mention anywhere in those contracts that I have seen of an SVR, no mention whatsoever. At best there is considerable ambiguity in the wording of contracts and as I've...
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