Urgent advice needed re RBS od/loan

LDJ2009

nottoolate wrote: »

yes. but if they aren't going to be able to pay it then a default is inevitable.

or not having a valid direct debit set up may breach the terms on the loan which would be an automatic default.

or if the the loan and account are linked a default on one may be a default on the lot

Regarding the loan, we have never missed a payment in the 3 years it has been in place.

The loan is currently paid for by standing order from the RBS bank account. RBS advised me this morning, i can pay this by standing order from another bank, or by debit card.

The loan and bank account are seperate agreements. I am sending a CCA agreement for both just to be sure.

Thanks

nottoolate

LDJ2009 wrote: »

Regarding the loan, we have never missed a payment in the 3 years it has been in place.

The loan is currently paid for by standing order from the RBS bank account. RBS advised me this morning, i can pay this by standing order from another bank, or by debit card.

The loan and bank account are seperate agreements. I am sending a CCA agreement for both just to be sure.

Thanks

in that case they shouldn't be able to default you on the loan as long as you keep up payments

the lady on the phone must have been fibbing about the default or thought the accounts were linked.

if they were separate agreements then they can't default one because of a default on another

good news then

pmf63

yes. but if they aren't going to be able to pay it then a default is inevitable.

I understand what you are saying nottoolate and I agree with that but OP says she has never missed a payment but they are still threatening to default it.

LDJ2009 wrote: »

Hi, i've just spoken to them and they are going to default me for the overdraft unless i can repay the full amount on demand ... i'm really upset that my loan is also being lumped into this as it's up to date. How can they default me on a loan that isn't in arrears.

The Lady on the phone refused to help in anyway and was actually quite rude. It's lovely being spoken to like i am an idiot

nottoolate

pmf63 wrote: »

I understand what you are saying nottoolate and I agree with that but OP says she has never missed a payment but they are still threatening to default it.

whic if the account and loan had been linked in some way could well have been legitimate to do

the posts towards the start of the thread gave the impression that might be the case. unless i misread them

it turns out that they aren't linked so any threat is out of order

pmf63

nottoolate wrote: »

whic if the account and loan had been linked in some way could well have been legitimate to do

the posts towards the start of the thread gave the impression that might be the case. unless i misread them

it turns out that they aren't linked so any threat is out of order

glad we got that sorted ... nothing worse than being a newby and having an argument.

I read as being two separate accounts not linked. Shows how easy it is to misinterpret something though.

LDJ2009

Don't have a row because of me

nottoolate

not a row. or an argument. just a discussion over the points raised in the thread.

pmf63

LDJ2009 wrote: »

Don't have a row because of me

lol ... my comment was meant to be light humour ... I hope nottoolate saw that.

It is a fact that it is very difficult to read between the lines on any forum platform and one thing I have noticed in the very short time on here is that everyone, with only one exception so far, is very tolerant of opinions.