Creditor wants a bank statement & other creditor statements do I have to comply???

Mics_chick

My OH and I recently sent out letters to all our creditors saying we could only make token payments. We enclosed a budget of our total income and outgoings as well.

Santander has replied saying that they want us to complete the same information on their form and supply copies of our recent bank statements and statements from other creditors/debtors too.
Is this "normal" procedure and do we have to give them this sort of information?

The_Drowner

Its normal pratice and the more you go along with their requests for open and honest informationm the more likely they are to comply with your request.

Mics_chick

Anyone else wanna comment?

tbourner

Why don't you want to give them the information? They won't steal your identity I promise! Unless you intend to keep something from them so you've got some spare money?

Broken_hearted

Tell them to get lost. They can request it all they want they cannot force you to supply anything other than a SOA.

Broken_hearted

tbourner wrote: »

Why don't you want to give them the information? They won't steal your identity I promise! Unless you intend to keep something from them so you've got some spare money?

Cos its non of their business

downnotout

Legally you do not HAVE to supply this information to a creditor, only a court has that power. However it depends on how "co-operative" you want the creditor to be.

Personally I would never send a creditor a copy of my bank accounts, but that is out of preference not as a rule.

fermi

You are not obliged to supply them with any of that information.

Some creditors ask for it sometimes, but not all. And those that do, don't for everyone.

In many cases I think it just another psychological tactic they use to put pressure on you, rather than there being any real need.

In the end just provide whatever you feel comfortable with, and no more.

maninthestreet

Broken_hearted wrote: »

Cos its non of their business

Of course it is their business if you are in debt to them and now would like them to accept only token payments,

WRINKLES

maninthestreet wrote: »

Of course it is their business if you are in debt to them and now would like them to accept only token payments,

You are wrong it is none of their business only a court can make you produce personal documents ,I would send them a SOA nothing else like it or lump it.

WRINKLES

I sent for my credit report by post ,I sent two utility bills as id .they sent back demanding bank statements. driving licence , passport , i sent back with a threat of court action .they sent me my report by return of post .Vive La R evolution