Sunday, 14 April 2013

Dealing With Banks Can Be Difficult And Extremely Stressful, But It Does Not Have To Be.

Dealing with banks can be difficult and extremely stressful, but it does not have to be.
Every day I receive emails from customers who are dismayed by how difficult it is to deal with their banks or building societies!

Why is this? We all need to have a bank account; banks are mean to be there to help us. And yet, people seem to struggle to get the best from their banks.

Admittedly, the current economic climate in the UK is not helping; however, here are a few simple tips which will help you get the best from your bank.

Keep it in writing.

Although it is possible now to deal with banks via online banking and telephone centres, it is always wise, especially with regard to mortgages, savings or borrowing, to keep a written record of all your communications with the bank. Keep written notes of times, dates and names of conversations, confirm discussions in writing and ask for information from the bank in writing too.

By keeping everything recorded in writing, if there is any dispute or misunderstanding in the future, you will have a record to go back and check on. It is a brilliant way to remind yourself of financial agreements made with your bank, and will help you protect your own interests.

Keep all the paperwork – letters, statements – carefully filed in date order so that you have a chronological set off all documentation.

The most important thing to remember is to communicate with your bank, or any financial institution. If you are struggling financially, don’t be tempted to brush your problems under the carpet and hope they will go away. By communicating with the financial organisations you are involved with, solutions, help and information will be there which could help you.

Always remember, banks need you! You are their customer and they will want to keep you, so use that knowledge to your advantage.

Even if you have good relations with your own bank, it can still be an almost impossible task to access emergency cash when you need it. In these circumstances, if you know you can afford it, an instant cash pay day loan can be a possible option.


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