Jay
Member
Registered: 26th Sep 04
Location: Liverpool
User status: Offline
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Im in two minds whether to do it or not as I have an overdraft facility with my bank and im almost on the limit of it and havent got the money to pay it back in one go... but can they turn round and say they are closing my bank account and want the money back in so many days?
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shawboy
Member
Registered: 1st Jul 02
Location: Wombwell, Barnsley
User status: Offline
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was on watchdog last night.
they had 2 people on who sent baliffs to the bank for the money.
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Jay
Member
Registered: 26th Sep 04
Location: Liverpool
User status: Offline
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Yeh but I owe them money, as ive spent the money in my overdraft... so if i claimed back bank charges could they then say, "hang on you owe us x amount of pounds and we want it back" ???
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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according to watchdog they shouldnt force you to close your account
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Krammy
Member
Registered: 23rd Feb 05
Location: Tyne and Wear
User status: Offline
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I'm kinda in the same boat as you too.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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quote:
Originally posted by Steve
according to watchdog they shouldnt force you to close your account
Although it will be in the T&C of the overdraft that they can recall that at any time. So they might leave you with an open account and unauthorised borrowing which will not only cost the money that you claimed back, it will affect your credit score.
Personally I would find an interest free card who do bank transfers (Virgin?) and clear the o/d, then write to your own bank.
If they don't revoke the facility as you've a positive balance, you might be able to sneak back in to it to pay the card off after 6/9 months.
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Jay
Member
Registered: 26th Sep 04
Location: Liverpool
User status: Offline
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Thanks Ian, il try it see if I get accepted on a card..
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