Will I have to pay my loan back too? (merged)

dagrat · 14 December 2006 at 1:49PM

hi, just read about claimimg back bank charges. sounds fantastic if i can.
My big worry is this: I not only have a bank account but also a large loan with the same bank.
If i claim the charges back from my account can the bank then not only cancel the account, but also ask for immediate repayment of the loan?
Am i on a sticky wicket here.?

Much appreciate any help with this.

carrielouise80 · 14 December 2006 at 1:56PM

the bank account and loan agreement are two separate agreements and should be treated as such.

i'm sure other members will agree (Rex_Mundi & Edinburghlass) are usually v.good.

but from what you have said i see no reason why you can't claim back charges

good luck

Rex_Mundi · 14 December 2006 at 4:05PM

I haven't seen any cases yet where banks have asked for loans to be repaid because of charges being reclaimed on an account. This is also in cases where the bank has requested an account closed after refund of the charges. These are seperate agreements, and the bank shouldn't have any cause to close the loan if it is being paid back as per the agreement.

Go for it!!!

dagrat · 14 December 2006 at 4:10PM

thanks for that, feel a bit more confident. One last thing my account is really appalling,always overdrawn,late payments returned d/d`s.(bit of a serial offender). Even with this do you still think I can claim?

Rex_Mundi · 14 December 2006 at 4:14PM

dagrat wrote:

Even with this do you still think I can claim?

Absolutely!!!

It's not about your behaviour in running your account. Nobody is saying there should be no charge, only that the charge should be fair and reflect what it costs the banks (which it patently doesn't). You are asking for a refund of these charges because the banks have used them to fine you (and make profit from), which they are not allowed to do by law.

dagrat · 14 December 2006 at 4:18PM

news just keeps getting better. thanks a lot. Im claiming against rbs, do you know if rbs have actually won a case yet?

nickm122 · 30 December 2006 at 2:45PM

Hey all,

I'm thinking about claiming back bank charges as I'm struggling for money because the they keep charging me!! I know I should'nt of gone into my overdraft in the first place but hey, s*** happens. Since the first time, I have not been able to get back on my feet as they keep charging me every month.

Thing is, if I do try and claim them back, and they close my account, will they also take back the loan I have with them??

Help Please!!

bengal-stripe · 30 December 2006 at 3:19PM

nickm122 wrote:

Thing is, if I do try and claim them back, and they close my account, will they also take back the loan I have with them?

The loan is an entirely different transaction and will run through a separate account.

As long as you’re up-to-date and continue to fulfil your obligation, to pay £ xx at a certain date, the bank cannot foreclose the loan, regardless of the situation with your current account.

clairewo · 11 January 2007 at 6:21PM

Hi, I'm new to this site and very keen to try and reclaim some bank charges. However, I have a graduate loan with Barclays Bank, if they close my account do they have the right to ask for their money back? Thanks, Claire

maniac886 · 11 January 2007 at 6:23PM

Yes they can close your account, you need a back up acc just in case!

clairewo · 11 January 2007 at 6:28PM

The loan money too? My problem is that it is a graduate loan, so don't think I would be able to secure a loan for that amount again.... so does that mean that I should just forget trying to reclaim the charges?

Will I have to pay my loan back too? (merged)

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