Old Debt with abbey

s.happy

Hi all i have old debts with the bank that was abbey national, now santander. these are old over dafts and a loan totaling about £10,000 i was left with after a divorce. long story short a could not afford to pay them off and live on my own so i went off the radar so to speak and stopped paying the money back, that was 4 years ago now. ive had no contact from them in years and i moved a couple of times and opened a account with RBS. But now it looks like santander are buying up RBS. The question im asking is when they buy RBS will they be able to freeze my account or even take my money?. dont get me wrong i dont have any savings or anything like that i just get by month to month as many other people do. can anyone advise me on this

darkblue_2

They're not buying RBS. It's not a merger. They're purchasing outlets (i.e. branches) to convert to their own.

If you haven't heard from them then there's nothing to worry about at the moment. Was it joint or in your name?

You may get lucky and they won't do anything and it will be statute barred after 6 years of no payment or action.

DarkConvict

If darkblue is right, which they probably are given the size of RBS (and now government owed i believe). You should be okay.

Anyway, if it was a merger. On completion they could offset your accounts, move any income (inc available) overdraft from current/savings accounts into an account with money due like the loan. This is called offsetting. Very naughty as no one else but a bank can take money without a court order, but it is very common practice!