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Just need a clarification please?
MrsMalthouse
Posts: 115 Forumite
in Loans
Hi there, just wondering if anyone could clear this up for me:
Basically, I missed a payment on a loan I have with Natwest (The first time in 2 years so not a regular thing!) they couldn't take it out of my account as they usually do each month as it would have taken me over my over-draft limit. I got a letter saying that I would receive a charge for this but it didn't say how much it would be for. I went on their website and it said that Unpaid Item charges (Which is what Natwest are calling it in their letter to me) were £5 but then somewhere else on the same website it said that I could be charged up to £30 if I missed a payment on a loan.
Can someone please just clarify it for me as there is a big difference between £5 and £25 to me.
Thanks!
Basically, I missed a payment on a loan I have with Natwest (The first time in 2 years so not a regular thing!) they couldn't take it out of my account as they usually do each month as it would have taken me over my over-draft limit. I got a letter saying that I would receive a charge for this but it didn't say how much it would be for. I went on their website and it said that Unpaid Item charges (Which is what Natwest are calling it in their letter to me) were £5 but then somewhere else on the same website it said that I could be charged up to £30 if I missed a payment on a loan.
Can someone please just clarify it for me as there is a big difference between £5 and £25 to me.
Thanks!
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Comments
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I think that the charge to the bank account is £5.00 for the payment being requested when you didn't have enough money and you will be charged £30.00 on the loan each time your payment is not made on time.Getting married 02.08.14
Wins for the wedding: membership for a 'wedsite' and app, £35 gift voucher for party supplies shop, £50 worth of hand painted signs, 1kg of heart shaped marshmallows :money:0 -
Thanks for that-it's a bit steep in my opinion but I suppose it's my own fault. (Unexpected direct debit!) Oh well.
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