Can bank take my entire wages to reduce the debt on the account?

pompeyred

Direct is good. Again I don't think I suggested that directness wasn't....?

Accusing someone of fraud, telling them their attitude stinks and "pointing out flaws in the OP's mentality" is not direct, solid advice and goes no way in answering the questions posed. Strangely though, and once the 'holier than thou' part had been achieved the advice was good.

My only point in this is to understand where the need is to make what would otherwise be a strong response an attack at a person ...? If you're going to write a response why bother loading it with un-necessary personal remarks.....?

stclair

OP you need to ask your bank for "First Right of Appropriation"

http://www.bdac.org.uk/wp-content/uploads/2010/05/FT09-First-Right-of-Appropriation.pdf

grizzly1911

stclair wrote: »

OP you need to ask your bank for "First Right of Appropriation"

http://www.bdac.org.uk/wp-content/uploads/2010/05/FT09-First-Right-of-Appropriation.pdf

Too late he didn't ask up front.

"A problem arises if you have an unauthorised overdraft or are at the limit of an authorised overdraft with your bank. If your wages or benefits are then paid into your account you may not be able to access your money if the bank takes it to reduce the overdraft. They have the right to do this if you do not instruct them to use your wages, etc in a different way before that money is paid into your account.....


Go to your bank with a letter clearly instructing them what payments you want them to make out of the next amount to be paid in. "

stclair

grizzly1911 wrote: »

Too late he didn't ask up front.

"A problem arises if you have an unauthorised overdraft or are at the limit of an authorised overdraft with your bank. If your wages or benefits are then paid into your account you may not be able to access your money if the bank takes it to reduce the overdraft. They have the right to do this if you do not instruct them to use your wages, etc in a different way before that money is paid into your account.....


Go to your bank with a letter clearly instructing them what payments you want them to make out of the next amount to be paid in. "

I dont think its too late im a strong believer what you dont ask for you dont get.

Personally within Natwest I know it can still be done afterwards at the banks discretion (I work in the customer lending centre so we deal with this type of thing). I cant speak for any other bank though. I would recommend the OP contacts their local CAB for more information or http://www.moneyadviceservice.org.uk/contact.aspx

antrobus

stclair wrote: »

OP you need to ask your bank for "First Right of Appropriation"

http://www.bdac.org.uk/wp-content/uploads/2010/05/FT09-First-Right-of-Appropriation.pdf

Sadly that won't help the OP, the money has already been received and appropriated.

And what the document quotes from s9 of the Banks Lending Code 2009 has been superseded - the current version of the Lending Code says no more than that they "should be sympathetic and positive when considering a customer’s financial difficulties".

stclair

antrobus wrote: »

Sadly that won't help the OP, the money has already been received and appropriated.

And what the document quotes from s9 of the Banks Lending Code 2009 has been superseded - the current version of the Lending Code says no more than that they "should be sympathetic and positive when considering a customer’s financial difficulties".

The think the bottom line really is the OP should contact there bank regardless. It dont matter whether the funds have been received into the account or not the bank can still make a decision to whether they will let the OP have some funds back to pay certain proirity debts etc.

The information provided is an example from a simple google search. Having looked so far the OP does not appear have done much to help them selves so therefore rather than them spending time posting on MSE they should get assistance from the appropriate organistions themselves.

grizzly1911

stclair wrote: »

The think the bottom line really is the OP should contact there bank regardless. It dont matter whether the funds have been received into the account or not the bank can still make a decision to whether they will let the OP have some funds back to pay certain proirity debts etc.

The information provided is an example from a simple google search. Having looked so far the OP does not appear have done much to help them selves so therefore rather than them spending time posting on MSE they should get assistance from the appropriate organistions themselves.

Agree with you and of course we don't know historical operation of account and conduct.

One of the difficulties these days is that these sort of decisions are increasingly process driven and the ability to reach someone to make a reasoned specific decision is not easy.

noizeuk

stclair wrote: »

I dont think its too late im a strong believer what you dont ask for you dont get.

Personally within Natwest I know it can still be done afterwards at the banks discretion (I work in the customer lending centre so we deal with this type of thing). I cant speak for any other bank though. I would recommend the OP contacts their local CAB for more information or http://www.moneyadviceservice.org.uk/contact.aspx

Is this triage? (work at CTC)

iereboy

The amount of customers that ring up complaining that we have honoured a cheque that THEY wrote is unbelievable. They normally get an earful and its exactly what izools said.

As much as I agree with izools I won't go into it.

Ok- so now for the helpful part. OP there MAY be hope for you. You have to ring up phonebank and ask to be put through the Customer Support Unit. They will help you. They are designed to help customers with financial difficulties. They can reduce/waiver charges and possibly free up some cash. Ring them up ASAP to avoid incurring daily charges.

skintandscared_2

So you are actually only £250 down on what you should have in your account, if the £500 overdraft still stands? Was the £750 cheque payment for something that you can get part of it back? Have you got anything you can sell to cover the £250 shortfall this month? Maybe head over to the debt free wannabe board and find out how to cut back enough to manage this month, then build up a bit in your account so you're not living right to the edge of your overdraft.