desperate help concerning my natwest bank account :(

onlypaddy

why oh why do banks constantly want their free money back?

i just don't get it

!!!!!!!

onlypaddy

in case you hadn't realised, i'm being sarcastic

Keithh500

Your sarcasm isnt helping. Im really worried they will take me to court or something

Is my situation rare or has anyone else had this happen before.

It silly that they are doing all this because I didnt pay anything for a certain period but now im willing to set up online banking and pay £50 per month they wont compromise?

Please help me

PARIS_5000

Keithh500 wrote: »

Your sarcasm isnt helping. Im really worried they will take me to court or something

Is my situation rare or has anyone else had this happen before.

It silly that they are doing all this because I didnt pay anything for a certain period but now im willing to set up online banking and pay £50 per month they wont compromise?

Please help me

I think that you should call National Debtline for further advice.

The bank or the DCA cannot make you pay more than what you can afford and if you are not working you can pay token payments of 1 pound. If it went to court and they got a CCJ the judge will only make pay what you can afford not what the bank or DCA wants.

I would not call them keep everything in writing so that you have proof.

Be aware that they will place a default on your credit file for six years and it will be very hard for you to get further credit.

PARIS_5000

KingElvis wrote: »

The Natwest overdraft, have you offically been defaulted on it? I would imagine you have becuase of the collections business.

If so, you are free to offer them what you can afford on a regular basis. If they take you to court you'd be expected to back that offer up with a full and honest statement of your finances.

There may be some tactics you can use, send them the Prove It letter for a start.

The CCA request does not apply to overdrafts the only thing he can do arrange payments or hide.

onlypaddy

Keithh500 wrote: »

Your sarcasm isnt helping. Im really worried they will take me to court or something

Wouldn't you? If someone spent over £1000 of your money without paying you a penny back, what would your actions be?

KingElvis

PARIS_5000 wrote: »

The CCA request does not apply to overdrafts the only thing he can do arrange payments or hide.

Yep sorry, my option would be to hide then as I bet a default has already been issued.

Keithh500

Whats all this about hiding and defaults?

I spoke on the phone to debt advisors and they said to keep everything in writing etc. and to build a budget and whats left each month you should use that and use it all to pay back the debt. Send written proof of your budget to the natwest collection department and see if they accept your offer.

So when the guy phones me in an hour ill just explain what im going to do, and ask for an address to send my budget too and politely refuse his £500.

PARIS_5000

Keithh500 wrote: »

Whats all this about hiding and defaults?

I spoke on the phone to debt advisors and they said to keep everything in writing etc. and to build a budget and whats left each month you should use that and use it all to pay back the debt. Send written proof of your budget to the natwest collection department and see if they accept your offer.

So when the guy phones me in an hour ill just explain what im going to do, and ask for an address to send my budget too and politely refuse his £500.

They will put a default on your credit file because you have broken the terms and conditions of the overdraft. As your account is with Natwest collections then I think that there is already a default on your credit file. This means that you will find it hard to get credit for the next six years and can lead to a country court judgement.

If the bank does not accept your offer of payment then they will give the debt to debt collection agency who you can offer payments to.

If the debt was a credit card or loan then you may have been able to dispute the debt through a CCA request however overdrafts are not covered by a CCA so all that you can do is arrange payments or hide.

vaporate

onlypaddy wrote: »

why oh why do banks constantly want their free money back?

i just don't get it

!!!!!!!

Well pal, as Nastywest is part of the bailed out RBS it is free money, by the back of the tax payer.

So i wouldn't come it with the smug comments.

OP

Pay what you can afford. The bank cant get blood out of a stone.