Can the banks do this to me?

ERICS_MUM

Andystriker wrote: »

"You can't touch me, I know my rights gov"

A well-known phrase or saying (as they say on quiz shows) on MSE.



"you don't need to touch me, I know my responsibilities gov"

a comment never heard on MSE.

dzug1

Agent_Smirnoff wrote: »

Cannot be held accountable to a contract as I am under 18

Not 100% true - if the contract is for 'necessities' it can be enforceable

glider3560

callum9999 wrote: »

Says who? I struggle to see how this is the case when child accounts specifically allow them to be set up.

Seems to be a common misconception on MSE that you must be over 18 to set up a direct debit. This is not true.

Common things could include magazine subscriptions (which are paid in advance).

OP, if you keep asking for the charges back, they'll close your account sooner or later. This can be done whatever your age.

opinions4u

If I understand correctly, current account providers can apply charges for account services to minors. Personally I think it's pretty poor form that some do.

If the account goes overdrawn, however, they cannot enforce the debt.

What we have here is a 17 year old ready to set out on life's unpredictable road with a pi$$ poor attitude to money though. Hopefully it will sort itself out when he gets through puberty.

antrobus

As far as I can recall, the law regarding contracts entered into by minors is that they are voidable by the minor concerned unless they are contracts for necessities. Note that voidable means that the minor can repudiate the contract, but until such time as they do repudiate it, the contract is enforceable.

Thus the onus is on the OP to turn around and repudiate the contract with the Nationwide i.e. the contract for the provision of a current account. Should the OP do so then presumably the Nationwide will (a) close the account, (b) consider how much money they're owed and whether it's worthwhile pursuing it further, and (c) register the default with the usual CRAs. I imagine that it is the consequences of (c) that the OP should consider. (Off the top of my head I can't think of anything that would prevent anyone from registering a default against a minor.)

money_maker_2

opinions4u wrote: »

getting in to a situation where you 'refuse' to pay is something that will create all sorts of difficulty for an adult.

Time to grow up.

I agree! Its your responsability. If you go overdrawn and borrow money you dont have you should expect to pay fees. (In the real grown up world anyway )
Good luck with your credit rating aswel. You will find it hard to get a mortgage if you continue with your spending habits and neglect of your balance.
Closing your account will not take away any negative impacts you make on your credit history either.

Time for a change of habits as you say, before its too late

JuicyJesus

If it's the first time call them and ask and they may well waive it.

However, after that point it's best to manage your money properly.

Agent_Smirnoff

money_maker wrote: »

I agree! Its your responsability. If you go overdrawn and borrow money you dont have you should expect to pay fees. (In the real grown up world anyway )
Good luck with your credit rating aswel. You will find it hard to get a mortgage if you continue with your spending habits and neglect of your balance.
Closing your account will not take away any negative impacts you make on your credit history either.

Time for a change of habits as you say, before its too late

Believe me I will :A

antrobus wrote: »

As far as I can recall, the law regarding contracts entered into by minors is that they are voidable by the minor concerned unless they are contracts for necessities. Note that voidable means that the minor can repudiate the contract, but until such time as they do repudiate it, the contract is enforceable.

Thus the onus is on the OP to turn around and repudiate the contract with the Nationwide i.e. the contract for the provision of a current account. Should the OP do so then presumably the Nationwide will (a) close the account, (b) consider how much money they're owed and whether it's worthwhile pursuing it further, and (c) register the default with the usual CRAs. I imagine that it is the consequences of (c) that the OP should consider. (Off the top of my head I can't think of anything that would prevent anyone from registering a default against a minor.)

If I am a minor and therefore unable to get a credit file or credit can the miserable sods already refer things to the CRA. Is that even possible and do the banks etc.... already send info off to CRA's before I have even reached the age of majority or do they do this once I reach 18.

Is there a credit file with my name on it already , just waiting to "activate" upon my 18th birthday or does one pop up on my 18th.

I know it may seem a bit of a worrisome thing to say but I can't wait..... I want to replace my sodding phone with something niceer


Really the problem also is I cannot afford to pay thier crappy sodding fee. Unless they prefer me running debts up other places to pay thier fees. Quite frankly they wouldn't care anyway. I disagree with fleecing young people tbh.

glider3560

Agent_Smirnoff wrote: »

I disagree with fleecing young people tbh.

I disagree with people who fleece my building society tbh.

But there ain't much I can do about it.

JuicyJesus

Agent_Smirnoff wrote: »

Really the problem also is I cannot afford to pay thier crappy sodding fee. Unless they prefer me running debts up other places to pay thier fees. Quite frankly they wouldn't care anyway. I disagree with fleecing young people tbh.

Correction: you couldn't afford what you wanted to buy. Nationwide charged you for lending you the money.

Your entire attitude needs to change.

Call them; ask them to waive the fee as a one off; then grow up.