Mind Your Own MONEY!

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Mind Your Own MONEY!

Рет қаралды 55,015

Жыл бұрын

Companies can, apparently, charge EXPIRED cards... Learn more about money with me here and on #BlackBeltSecrets: @blackbeltsecrets
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Пікірлер: 233

@jstelzner Жыл бұрын

Who remembers the good old days when someone had to actually threaten you before they stole your money!

@vyvienvp3413 Жыл бұрын

Couldn't agree more. Even some Local authorities are actively stealing unchallenged. Such as with council tax errors.

@sarahstrong7174 Жыл бұрын

Or there was always sneaky stealing, behind peoples backs & while they were out & with lies.

@johnniethepom7545 Жыл бұрын

I think men with smart suits and a flash neck ties have been stealing our money for generations .

@bertbox69 Жыл бұрын

we need an alternative to banks being as cash is never used hardly. This is why crypto currency is demonised so much,it's because they don't control it or make obscene profits

@The_DOUBLE_TAP_try_me Жыл бұрын

The so called POLICE don't police just bring in cash on fines ...mot day out of date or tax etc.

@knicol46 Жыл бұрын

My bank card was expiring soon and a new card was on its way to myself automatically. A retailor had already been given my new 16 digit card number before I even had my new card delivered. Upon asking the bank they eventually admitted and said the 'system' automatically updates any old card numbers with the new one to any retailor that shows an interest. This shocked myself that you actually have no control over your own bank account.

@MrEdrftgyuji Жыл бұрын

They even used to reopen accounts that you closed so they could pay businesses that had set up a recurring card payment agreement. I think the law made that illegal now. What was worse is that some banks won't send out statements if your balance was below a certain amount. So some people had started building up debt and charges, also damaging their credit history, with no knowledge that this was happening. Direct debits are much better for recurring payments, as you have a lot more rights. Which is why businesses try to get you to use cards instead.

@3kdn Жыл бұрын

Thank you for that. I had a annual Go Pro subscription that renewed automatically on 21/12/22 and i had forgotten about it. Just cancelled it. So thanks again for saving me 48 euro's.

@JediBuddhist Жыл бұрын

Prepaid cards. Smashing Idea.! Thank you.

@djelibeybi Жыл бұрын

Not even changing the number helps, due to subscription process credit card companies provide their merchants, where if the merchant has a registered permission to charge the company. The CC provider will tell the merchant of the card number changes. I found this out when I was still charged after deliberately changing my card number as a safety because I had the same number for years. I felt that was a breech of privacy.

@unclemarksdiyauto Жыл бұрын

We found this true in a similar situation. Wife got caught in a facebook scam. (Scam, or untruth as to real details) Changing the card number does not help.

@thepvporg Жыл бұрын

Its same with Direct Debits, you tell them to stop, they don't and will take money like 3 Mobile did to me, took 3 months of payments despite not having any internet from them or an active sim. They made it difficult claiming that I needed to give them the sim number and the mobile internet device identifier despite it being returned as it was not working. They took the money.

@ro63rto Жыл бұрын

Car insurance companies are the worse at this. Every year my brother says Do NOT auto-renew and every year it's turned back on and he has to tell them again.

@filougreendog Жыл бұрын

Yep , same for me with my van insurance , not every year but certainly many occasions

@TheTigersbay Жыл бұрын

Pay with cash and not cards. Resist the Reset. Pay with cash and not cards.

@Broadcast1Channel Жыл бұрын

I had this problem with insurance companies even though I had instructed them not to enroll me in auto renewal (I prefer to shop around for the best deal). They have then tried to auto renew. Many insurance companies will automatically opt you into auto renewal with out telling you, personality I believe auto enrolment in to auto renewal should not be allowed.

@johnbower7452 Жыл бұрын

Most banks now will let you cancel any subscriptions like this themselves without having to go through the company taking the money. We had to do that for my sister after her son died and we found out he had subs going out on her card.

@davidmaxwaterman Жыл бұрын

I have a Wise account, and they allow you to have 3 'virtual' debit cards so you can actually cancel the card very easily and get another one instantly. You can also 'lock' the cards so they cannot be used,. I find those quite useful.

@jasonuren3479 Жыл бұрын

Similar thing happened to a relative. Ended up having to cancel the card to stop the recurring payments.

@MartinParnham Жыл бұрын

Was going to say that- Usually, the only way to do it is to cancel the card and get a new one. A last resort but I did it before, years ago.

@hoomee119 Жыл бұрын

If you had asked bank to stop accepting payments they would have.

@simonglancy7070 Жыл бұрын

Warning CANCELLING aa card does not always stop a CPA the company is allowed the new card detials under the CPA rules. The only ways to stop a CPA is by either contacting your bank or putting it in writting to the company taking the CPA items. Then is that company fails to stop taking the payments you can contact your bank to raise a dispute.

@jasonuren3479 Жыл бұрын

@@simonglancy7070 Fair point. That's pretty much what the relative did though, contacted the bank, told them what happened etc. This was in UK. Didn't have any problems after. Told them not to click on KZfaq ads in future 🤣

@Holdeenio Жыл бұрын

Some great points Daniel. You’ve covered most of the reasons why I dislike ongoing card charges over a traditional direct debit which is protected and can be cancelled by the consumer at anytime. I like the fact some modern banks allow you to create “virtual cards” for this specific purpose, you can just kill the card at anytime with no inconvenience to your ability to spend. Sadly keeping a smaller credit limit on any decent credit card won’t limit your spending. Hence the over limit fees - another sting/penalty possible. When you add that to unarranged overdraft costs, the consumer can’t do too much to prevent companies charging them if they’ve previously shared the authority.

@deanVetUk Жыл бұрын

Good points raised BBB. I'm reminded how nuts it is thst i can''t use my online banking (co-operative bank) to review and/or cancel my card subscriptions/authorisations. Utter madness. Fraud is rampant & we don't have the tools to stop it.

@laceandwhisky Жыл бұрын

Change bank, I am Barclays and use on line control and can do everything on it

@deanVetUk Жыл бұрын

@@laceandwhisky sounds good. happy to switch. Not been keen on the co-op bank being politically active (eg. Anti-carbon).

@simonglancy7070 Жыл бұрын

a CPA is a signed to agreement - you can only cancel a contract of this nature in 2 ways either in writting to the company of by a banks disputes process. DD's are the same what is madness is that you the consumer can brak that contract and cancel a DD.

@iandawkins2182 Жыл бұрын

Yep, got caught by this one by Now TV, took money even though I had cancelled several times and the bank were useless.

@marklittler784 Жыл бұрын

Yeah companies know usually once they've got you signed up you usually can't be bothered to cancel or and they make it difficult to do so by fees or notice periods.

@andycommonsincanada Жыл бұрын

We have had issues with Facebook over charging by taking payment for adverts when we had booked 5 days and they simply kept the ad running until I noticed and stopped it. The bank did eventually give me a refund but it took a lot of fighting.

@AdamKyleAnderson Жыл бұрын

I thought the same about an expiry date on the card but my dear wife who works for a major bank in the UK explained while the card may have expired the account is still active.

@neuralwarp Жыл бұрын

There ought to be a right for clients to recall bank payments. Money moves from one bank to another, but somewhere along the chain, the last bank has a duty to know its customers; they shouldn't be allowing deductions from an account that is unproven or unstable. So they money is there to be recalled.

@SteveN-pw4dj Жыл бұрын

I had this issue with the AA, i called and told them if i wasn't refunded i would drive to their offices and refuse to leave until i have my refund. It was there 3 days after. I did the same to a company about 15 years ago and they where shocked i drove 200 miles to get £150 back. They gave me a cheque there and then as they possibly realised i would be on them forever. Wether it is legal to do this i don't know, but as long as it works and i don't need to involve the courts i am happy.

@ukeleleEric Жыл бұрын

Not sure about the legality of this, but, driving to an office and talking to a member of staff can't be illegal in itself. Beyond that point, though, I would get legal advice on whether you could stay on site when asked to leave. It could be deemed to be harassment (if you do more than just sit in your car in the car park after the initial visit), or trespass, which is, of course, only a civil offence.

@Pauldjreadman Жыл бұрын

Thats s really good point about prepaid cards. I never thought of that.

@tonyclough9844 Жыл бұрын

This is what all on line companies do my antivirus renewa l was taken three months before it expired so I couldn't change it. I now pay cash at the shop selling them despite the barrage of demands to pay by card.

@npats550 Жыл бұрын

I have had this problem so many times. So I think this is a much needed video. For example although I never, I agreed to continue with a antiviral that was purchased for a laptop for 1 year. A couple of weeks ago, my bank statement showed a recent yearly subscription which I did not ask for nor expected them to take when their emails and messages were sending warnings that my device would be free to attack if I didn't subscribe for on going purchase...and so went about it anyway, this week! I had to order a new card anyway but it's a hassle when you have an ongoing problem with a non curable illness, and so am actually already worried about benefits being slashed etc. So thank you for covering this topic.

@SirPrancelot1 Жыл бұрын

I'm sorry to hear about your situation and wish you the very best.

@wilswood8137 Жыл бұрын

Watching for a comment from GoPro 😊👍🏼 I also did the same as you , luckily I didn’t get charged after cancellation

@samanthajames-cooper5529 Жыл бұрын

*SOLUTION* I had a similar issue with American Express - On that occasion, they refused to cancel a subscription, insisting it was the supplier who had to stop taking the payment. So could not assure me further payments wouldn't be taken in the future. I asked what would happen if I lost my card and a new 1 was issued which has a different number/security code. They had to agree that was a valid solution and so I declared my card lost/stolen. Worked a treat.

@ukeleleEric Жыл бұрын

Except that some card companies would pass on the new number to the retailer (see comments above)

@python27au Жыл бұрын

I got finance for a car. I paid off the loan, received a thank you for your business letter and thought that was that. A few months later i noticed a payment of $1 to the finance company. After a bit of searching i found that they’d taken a dollar every month since the account was paid. Turns out that the computer doesn’t automatically close your account when the debt is paid and it can’t accept $0, so it hits you for $1. After a chat i got an explanation, apology, and a refund. Makes me wonder how often things like this happen and how much money these companies get away with. I bought a virus checker and the following year the subscription was renewed even though i left the auto update box blank. I rang them up and cancelled and they still billed me the following year!

@markjust86 Жыл бұрын

I use virtual cards with my revolut account when buying anything online or unwanted subscriptions.

@duicenasty1078 Жыл бұрын

I had this for Tesco travel insurance I got for 3 months for a holiday. I shopped at Tesco so i never spotted it on my bank statements. They never sent me any paperwork about the renewal of the insurance. 5 years later and over £700 later when i stopped shopping at Tesco i spotted it the payments to Tesco on my bank statement. Rang them up to dispute it and get my money back they just said "Well what you going to do about it? You can't prove we didn't send you any invoices for the insurance. Good luck mate" Then hung up..

@robc8593 Жыл бұрын

My son had this issue, he once put his card in a girlfriends phone app to get her an Uber home. A long time after she was an ex-girlfriend and the card had expired, she was able to order more rides on his credit card. We couldn't believe they could take money off an expired card. Uber were a nightmare to get further things stopped. Basically because he had (Stupidly) authorised his card they were not interested! We had to pressure the girls mother to ensure her daughter erased my son's credit card. He learned a lesson, the nicest person in the world one day, may not be the same in the future and never, ever share your card details.

@JS-pondering_reality Жыл бұрын

Enterprise re billed me for an annual charge, in between taking out my membership and it being renewed I managed to misplace my card, so my new card now has a different "long" number. When I spoke to Enterprise about my card having a different number , they told me that they are allowed to keep taking money on the old card regardless. As a foot note once I explained that I no longer required the Car club membership they refunded the annual fee back to my Credit card.

@Rapscallion2009 Жыл бұрын

One aspect of all this completely glossed over here is your credit rating. You need to be slightly careful when "unilaterally" cancelling payments without agreement from the payee. It can negatively effect your credit rating, which can effect things from mortgages to mobile phones to even - conceivably - employment prospects. If they decide to pass their "debt" to a collections company then it can trash your credit rating really quickly. They won't be interested in any explanations or excuses - they'll just trash you if you don't pay them.

@steveprentice4513 Жыл бұрын

I had the same problem with motorcycle insurance. And I cancelled it, but they took another payment anyone, very cheeky. I cancelled my card and therefore no more money taken, and obviously I got another card. My bank NatWest refunded me the money after explaining the situation which most banks.

@assistantto007 Жыл бұрын

I've just joined Revolut for just this reason. I'll see how it goes.

@jofknoll Жыл бұрын

if you go to changing your account and or bank,dont let the bank do the transfer,it can be followed to your new account,cancel all payments,then spend the next few days calling every one you have a direct debit with the let them know about your account changes,also an empty account does not automatical mean its closed,i found this out on monday from my bank,make sure to ask them to close it you then should get a letter from your bank saying its closed

@Equiluxe1 Жыл бұрын

A few years back I had this very same problem.I changed anti virus providers and the old company (somewhere in Eastern Europe) kept on taking the money despite having sent an email acknowledgment of the cancelation which was on the expiration of the annual contract, they managed to take payment despite the card number having been paid which surprised me, the bank was not much help as they told me that as the debit was set up on the card and not the account the only people who could stop the payments was the company taking them and as they seemed unable to stop the payments I was left with only one option, I closed the account and opened another.

@radman8321 Жыл бұрын

For the gym example, if you don't receive the goods or services the card company have to give you a section 75 refund.

@Mr.Grimsdale Жыл бұрын

Use cash as and when you can, fair enough that you have to use a card online but as it was with the local Gym he could have avoided any future problems and not lost his money if he had used cash, if they wouldn't have accepted cash over the counter then he should have gone elsewhere.

@otakarkuby3926 Жыл бұрын

Also look out for micro transactions were little amounts are taken from account delaying any notice of wrong doing.

@davidrowe8747 Жыл бұрын

I recently had to cancel and destroy credit my card, because the first day I used the new card, it was hacked by a very clever Web site. My new CC (same company) had a brand new number, so I assumed I'd need to update my card details with companies I make regular payments to. I was very surprised that my CC company actually transferred the new card details to these companies!

@Perl88 Жыл бұрын

My bank now offers the ability to block recurring card payments which is a really handy feature to avoid charges like this. Now when I cancel a subscription I also make sure to block the payment through my banking app too.

@hoomee119 Жыл бұрын

Continuous Payment Authority is down to cardholder to cancel. Even if a card has expired or has been replaced due to lost/stolen the card issuer will forward the new card number to the company requesting payment. You would be complaining if your annual travel or car insurance was billed to a card that had been cancelled, expired or replaced and your claim was rejected because payment hadn't been made. If you don't want your card billed, email or write to the company and send by recorded delivery. Keep the proof and ask your bank not to accept anymore transactions from that business.

@RockyDave Жыл бұрын

As well as cancelling my direct debit authorisation with the company, I also log in to my bank's website and delete the DD online, or call the bank and tell them that I no longer authorise payments to the company. Always best to be pro-active.

@ukeleleEric Жыл бұрын

We're not talking about direct debits, but continuous card authorisations, where you give your credit card (or, possibly debit card) number to a company for a subscription. Direct debits are protected by a whole raft of law.

@RockyDave Жыл бұрын

@@ukeleleEric Okay. So can't you call the bank and cancel your authorisation?

@ukeleleEric Жыл бұрын

@@RockyDave Apparently not. Which is why I've never accepted one. I will make one-off payments, or subscribe using a DD, standing order, or other mechanism.

@kferguson614 Жыл бұрын

We were trying to save money, by cancelling our Sky subscription via telephone, who really tried hard to persuade us not to. We had timed it so there shouldn't be any monies outstanding. Imagine our surprise, when we got a small bill, so we called again. It turns out, they didn't cancel it until nearly a week later. We asked (because they acknowledged the account was being closed) if we could pay the outstanding by BACs and was told yes. It turns out that is another disappointment. Lesson learned, record all conversations and be very careful, what contract/s you enter in to.

@laceandwhisky Жыл бұрын

Sky can be a nightmare

@kferguson614 Жыл бұрын

@@laceandwhisky

@trueriver1950 Жыл бұрын

The other tactic is to report the card as lost and all for a new card number. That will stop the ongoing payment

@TheAjRae Жыл бұрын

Nope I just did this; and the newly issued card details were updated for the company (even when it wasn’t a subscription, like just eat)

@simonglancy7070 Жыл бұрын

nope this is very much not true at all. amex visa anad master card will give the new card number to the vendor if they ask for it and you've signed upto a CPA

@chelamcguire Жыл бұрын

After I've cancelled online I request that the said company does two things - 1.Confirm by email. 2. Confirm the cancellation by written letter in the mail. I have found that to be the only way.

@davidcousins3508 Жыл бұрын

Others may have mentioned it but for online payments I tend to use virtual cards linked to my Revolut account, and for one off payment I use the one use virtual card that is only valid for that one specific payment. I find this is a good solution,and of course it’s isolated from your main account.

@TheSickyNicky Жыл бұрын

Yes. That's exactly what I do as well. Insurance companies used to be the worst at this, although they seem to be getting better.

@RomanHistoryFan476AD Жыл бұрын

A man of many talents you seem, I can respect that a lot. Got to be careful with them cards and subscriptions these days. Seems like they will charge you anyway they can.

@NomadicNight Жыл бұрын

I NEVER trust companies with my debit card details. I just cancel my card, get a new one, and then close that bank account. Easy peasy !

@MrAstrals Жыл бұрын

Good tips. I can add one more from my personal experience: use Paypal whenever possible. A few years ago I booked a ticker for a conference half a year ahead. The organiser went under administration, unfortunately. I tried to contact the admin in the hope of recovering my money as the conference was clearly not going on. Yeah, good luck trying to fight big sharks for my few hundred quids... Complaining to Paypal was instantaneous success. Let them deal with all the lawsuits, refund right away as service clearly is not provided.

@salamander5703 Жыл бұрын

When I buy or sign up to anything online I open a spreadsheet, then hit the Print Screen button and paste that into the spreadsheet before hitting the Buy or Subscribe button. That way I have proof of what I signed up for and can refer back and see any small print about how to cancel further subscriptions.

@boydycx1897 Жыл бұрын

BBB, why don't eBay follow Distance selling laws. Many times I have ordered from a UK seller only to find minutes later to find that the sellers business address is in China. You try to cancel but it doesn't allow it, saying it's to late, isn't this against the law?

@boydycx1897 Жыл бұрын

@Jack Warner and if you need to return it you have to send it back to China, it's a total con.

@URBeingLiedTo Жыл бұрын

Theft is theft. Extortion is extortion.

@MJPage Жыл бұрын

My experience is with home insurance. I got an email and the header said the insurance was due for renewal. I then got a message saying payment failed. Well it would because I didn't renew it. I did what I always do and looked at the comparison site, found a better deal and took out a policy with them. I then get another email saying payment failed a second time. I called them and said I don't want the policy, the card had expired and stop harassing me. I was told I would have to pay a £20 admin fee and £10 for the few days I was insured, because the policy had renewed automatically! I said NO, I was not paying a fee, I don't want it. They said they would cancel the policy and that can impact my ability to get further insurance. I am effectively black listed! Apparently they all do this now and sure enough I checked the small print on my new policy and I have to create an online account, log into that account and tick a box to decline the automatic renewal. If I park my car in a car park with inadequate signage and then get a ticket I can appeal that ticket, something I have done. The same doesn't seem to apply online, there used to be box to check a box to agree to automate renewal. Not any more there is a mention in small print that is so easily missed.

@johng.1703 Жыл бұрын

"Taken in error" is the usual excuse, but if you have proof that you have written to them in writing like an email, that you have cancelled and revoked the ongoing authorisation, just report it as a theft or credit card fraud. regardless of how they "have it on the back end" it is still taking unauthorised monies.

@gregmoore167 Жыл бұрын

Here's an idea: pay in cash, as and when! It worked for over 2000 years!

@googletitsfost Жыл бұрын

I always use a virtual credit card for subscription payments, so when I cancel the subscription and they attempt to take any further funds it simply gets declined as I've cancelled the card that went with it.

@alexbright7735 Жыл бұрын

How do you get your virtual credit card numbers?

@googletitsfost Жыл бұрын

@@alexbright7735 use a digital bank such as revolut.

@MatthewLenton Жыл бұрын

I looked at doing that but I haven't seen anything available in the UK. The only thing I have seen was I think with Revolut but you have to open another account

@TimeTravelStudios Жыл бұрын

@@MatthewLenton There's Monzo that is available in the UK and they have means to give you virtual cards...

@googletitsfost Жыл бұрын

@@MatthewLenton yes you need an account to link the cards to

@joshuasprucie8933 Жыл бұрын

For subscriptions I use my monzo premium virtual cards as these can be instantly cancelled without affecting your main card and can be setup to be paid from savings pots

@denised4843 Жыл бұрын

I have a Monzo account for the same thing. Pot's and virtual cards are great

@exwhyz33 Жыл бұрын

Thank you

@bertbox69 Жыл бұрын

Trouble is a lot of self serving companies out there won't accept prepaid cards, especially the scamm artist car rental companies.

@Barbarapape Жыл бұрын

I pay for items online with a card linked to an account that is only used for that purpose. I move the required amount into the account, but no more than is required for that purchase only, and never buy any services with recurring payments, having been caught out an with Antivirus that refused to stop taking payments, my bank blocked the card and issued me with a new number. The Antivirus supplier sent some strongly worded emails but never took if any further. This world is full of companies with ways of extracting money that they are not authorised to take.

@rikidawson7510 Жыл бұрын

Nortons got me for over 200$. I thought the same thing. Expired card.

@kitchenworker446 Жыл бұрын

I just wanted to tell you how much I like you Mr Blackbelt, I like that you share your knowledge, I like that you ALWAYS refer to your wife as " my dear wife" - very romantic, I like that you call your dog Floof and I like that you are clearly VERY hard working.

@thekitowl Жыл бұрын

This is probably service specific, I’ve never known a company to send goods out on a card that’s expired with a DD.

@gardenrose264 Жыл бұрын

It seems this is becoming more common. Companies taking money from your account without authorisation. Thank you for your advice Daniel. ..

@guskrezios1143 Жыл бұрын

Gold and silver. Easiest way

@campsbaysa Жыл бұрын

Get a Revolut card. They give you an additional one time use only credit card, once used, they replace it with another single use only card. It’s fantastic for exactly this, subscriptions. The company can never auto renew on the card used initially because once used, the card is obsolete.

@Mean-bj8wp Жыл бұрын

I recently cancelled subscription with my bank (something my missus wanted bu I paid for). So basically if you're using your card detail as in the 16 digit number and security code on the bank that will be a subscription. Subscriptions are list (on my Lloyd's bank app) with my direct debits. To cancel I simply cancel the subscription on the app the apps yeah no problem with will contact them to cancel and no more money will leave your account. I also cancelled the subscription with the supplier just in case. Both sent confirmation emails and that was it all done easy 10 minutes problem solved. It's really not a big problem as long as you do it a couple of weeks before it's due.

@otakarkuby3926 Жыл бұрын

You know a morgage is not a loan but a cleverly reinterpreted promissary note you write to yourself and pay back with extortionate interest.

@KissTheGreat Жыл бұрын

The ongoing payments thing can be solved by a virtual card on something like Monzo premium. I make virtual cards and then cancel them to stop more payments being taken from them.

@neuralwarp Жыл бұрын

And at some point, there's the option to report it as fraud or theft.

@tommy5675 Жыл бұрын

IF the company has "folded" and a payment is still taken, how is that not theft by an individual/s.

@kwhufc5769 Жыл бұрын

Lol dam you clarified what you grew.. i was having a little chuckle with the whole. Growing business ay? Haha. Fair play to you and your success in life and thank you for the enjoyable videos

@colinofay7237 Жыл бұрын

I had issues where I paid for a service and had gone through count them 9 charge backs, they doubled the payment up each month (taking 2 payments each month), and in the end had to change my card details

@grantmason740 Жыл бұрын

I had a partner who while we were together was a second user of one of my cards. When we separated I didn't think much of it since it was due to expire soon. Little did I realise, this card had been registered with a "buy now, pay later" credit company. They had no problem charging my card and my bank were unable/unwilling to help. To prevent this occurring again, my only option it seemed was to cancel the card.

@simonglancy7070 Жыл бұрын

the bank would be unable to help in this situation as there is no dispute right for those charges. Its a pretty common one, best thing is not to have additional card holders. The primary cardhold is always 100% liable for any charges.

@adrianhope4796 Жыл бұрын

In the Queue at Lidl; Elderly man ahead of me pays £62 ish charge on his card for his shopping. He goes to the side and starts checking his receipt . Comes back to cashier and says you have charged me £31 for my ready made £3 (yellow label discount) salad! She quickly and courteously sets up a refund to his card. All happy? except it will take 48 hrs for the cash to return. How is this acceptable being minus £31 could dump someone in serious trouble re next D/D or whatever.

@Ancientreapers Жыл бұрын

I only use my debit card for all important utilities. Power company, cell phone company and internet provider. All of which I've never changed. For everything else, I use prepaid cards.

@doglifehub Жыл бұрын

I use a Revolut one use virtual card for online purchases and subscriptions. The card will only work once. You just log into Revolut and get a new card number every time you want a new one.

@BlackBeltBarrister Жыл бұрын

Thanks, I'll look into this!

@nickjung7394 Жыл бұрын

Anybody else owed money by Together Energy? British Gas were supposed to pay money back but have not done so. It has been 7 months!

@jayturner3397 Жыл бұрын

Had this with a car warranty company had them for a year, wasn't happy so cancelled they took it 2 years on the trot after that, refund eventually

@andrewstones2921 Жыл бұрын

As others have said, virtual cards resolve this. I use Revolut (though there are plenty of other options) and create a new virtual card for every company that I use for subscriptions.. then I can just freeze the card and forget about it. I have stopped using direct debits connected to my main current account as I have had three different companies (admittedly over a space of 30 years) suddenly take much more than they should.

@rudolfx1070 Жыл бұрын

Failing all else, go to your bank in person. If it is a foreign company they have to have a representative here that is honest.

@XxBlueSkiesx Жыл бұрын

We had to do a chargeback because our holiday got cancelled thanks to the pandemic. It was pretty straightforward thanks to Tesco Bank. If I have a Direct Debit and cancel my account with the company, I also cancel the direct debit on my app. In the past I’ve called up Natwest and told them not to allow any withdrawals from ……..

@jimhill4725 Жыл бұрын

Many thanks. Excellent advice (as usual) - perhaps even more useful, to me, so I have book-marked this one for juture reference.

@simonglancy7070 Жыл бұрын

i'd un book mark it most of his advice is only 1/2 right at best and some is very wrong. If you want to protect your self what he fails to mention and is key is read the ts and cs when you put in your card details you are agreeing to them all wether read or unread. 2 If you want to cancel a CPA you must do it in writting or contact your bank. Nothing else works.

@JohnCurtinmadrid Жыл бұрын

This video underlines one of my pet peeves in life: How much is my time worth compared to how much I´ve been ripped off? My wife got overcharged by a supermarket chain to the tune of about 28€. After multiple calls, long emails, "escalating" the issue to a consummer rights organization the supermarket finally conceded and credited her account with the sum. My wife charges 180€ an hour in her private consultancy. This means that she actually "cost herself" about 900€ to recover 28€ in terms of time she spent on the issue. Granted, it was all in her free time so technically she didn´t "lose" money, but isn´t her free time worth something too?

@gingerbill128 Жыл бұрын

Good point , I've dealt with a few things similar and it definitely wasn't worth my time financially . It's worth my time overall though finances aside , i would crawl over broken glass to get one penny back .

@JohnCurtinmadrid Жыл бұрын

@@gingerbill128 Yes, totally agree. It becomes a sort of crusade in the end, just so they don´t get away with it, even if it isn´t worth your while as you say.

@Timsvideochannel1 Жыл бұрын

I pay with a credit card, then if money is taken without my permission, I ask the card to refund it. I use a Tesco Credit Card and they have been very good, as for GoPro, I am a fan of their cameras and although it can be frustrating trying to contact them, they were fair with me. The point about the expiry date is interesting, I have always been informed by companies/services when a card will be out of date before a payment was due, I had no idea they could still take a payment. Amazon are the worst for trapping people into their Prime service, they caught me once, now I read the small print to make sure I order without Prime, although it is worth having Prime in December for the free deliveries and Christmas TV, leaving prime after Christmas is pretty straight forward.

@Number6_ Жыл бұрын

Possession is 9/10 of the law and all these companies know it!

@poo7481 Жыл бұрын

I use revolute.

@roncouch Жыл бұрын

I instructed my bank to cancel a DD. It was for a subscription to a service I no longer used. They flatly refused. My problem was my emails, advising the service provider I had no further wish to use the service, were not being delivered. My ISP found nothing wrong with my email system so I elected to cancel the DD, but the bank said I was not allowed to even though it was my own personal account.

@rusticpartyeditz Жыл бұрын

@monsieurtechnical No UK bank should refuse to cancel a DD.

@jamesmccrindle8633 Жыл бұрын

I remember 3 tv channels when cash was king.Well done sir on your drive.Regarding black belt do you teach?

@stephanieking4444 Жыл бұрын

great advice

@roseogrady8785 Жыл бұрын

Thank You.

@andynjw1163 Жыл бұрын

Amazon prime is one to watch.

@susanmartin6834 Жыл бұрын

I had to move banks to stop Mcafee....they would not stop

@Karan88 Жыл бұрын

Use virtual disposable cards

@bw8827 Жыл бұрын

How is this so, in your case, as a new card is issued when the previous one expires and the new card will have a different number, so any request for payment would be refused.

@DameAndThatGame Жыл бұрын

Canceling the card becomes your saftey net always, if in doubt, pull some cash out, cancel the card.

@HootMaRoot Жыл бұрын

I had similar problems with an insurance company a 8+ years ago. I paid for 1 year policy upfront and told them that I would not be renewing. One year later they take a higher amount as somehow my policy was more expensive. It took me 6months of emails and phone calls to the insurance company and finally forwarding my emails to and from the insurance ombudsman, I suddenly got my money back with an offer to get my next insurance policy with a 20% discount. I never did take them up on the discount but always check my emails so I never use that company again

@b0dyb4gz1 Жыл бұрын

had that with elephant, i told them i was not going to pay 300 pounds more than last year when i found it 100 pounds cheaper than i pad last year lol, they still auto renewed it i went nuts at them on the phone when the person told me there was nothing i could do about it, i went full Karan, not my proudest moment but i got my money back lol ( the only time being a Karen is ok imho) just for reference i paid 600 for my year fully comp, they wanted 980 pounds for the renewal, i paid 470 with the other company, i stayed with them for 3 years my premium only went up by 2 pounds for two years and on my last year it dropped by 10 pounds.

@murph8411 Жыл бұрын

Insurance companies often do increase the cost quite a bit once they have you as they rely on people not thinking it’s worth the trouble to move for the extra cost. House insurance also seem to charge some sort of handling charge. I forget what they call it.

@dinointhetube7952 Жыл бұрын

Just use a cheque if one off payment.👍

@Enjoymentboy Жыл бұрын

I had this a few years ago with a storage unit. The only way I could get them to stop was to call my bank and report my card possibly stolen and request a new one with a new number. I had the old number flagged as stolen and then got a pre-paid visa and gave that to the storage unit to use. It sucked having to manually load money on it every month. I was in the unit for about 6 months and when I was emptying it out I went into the office to personally confirm it was over. Sure enough the next month I get a call from them saying that payment was refused due to lack of funds. I pointed out that I had cancelled the unit and they said they had no record of it. I went down there and showed them their own printed copy proving I had left. The next month they did the same thing but this time the threatened to seize the unit. I let them and the very next month they sent me a "We are so sorry to see you go. If you come back we'll give you 6 months free storage" plea email.

@johnniethepom7545 Жыл бұрын

I'd have filled the storage unit with scrap tyres and left them with it .