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Bank statement demand

Hi

I have been asked to submit my bank statement by a solicitor acting on behalf of the Halifax. Am I legally required to do this?

Just because they are "solicitors" surely this isn't a legal requirement except by way of a court order?

Thanks
Adam
Thanks,
Adam.
«1

Comments

  • RobertoMoir
    RobertoMoir Posts: 3,458 Forumite
    Part of the Furniture Combo Breaker
    edited 3 June 2012 am30 11:12AM
    Well the best answer to this probably depends on context, which you helpfully haven't supplied.

    Can they legally demand a copy of your bank statement? Probably not. But depending on why they asked, saying "yes", it might still be the best thing to do. Give and take makes the world go round.

    For example: If you're asking them to accept reduced payments on a debt due to financial hardship, it is not entirely unreasonable of them to want to see some evidence of this financial hardship. In those circumstances, while you're not legally required to show them a bank statement, they wouldn't legally be required to accept an unproven claim of financial hardship either.
    If you don't stand for something, you'll fall for anything
  • I have been paying £35 per month to the Halifax and they have since passed that on to the solicitors. It is the solicitors who have asked to see the monthly bank statements.

    Hopefully this will suffice as the context, I still cannot see why they would ask to see the bank statements, one wonders what they are up to.

    While I appreciate your suggestion that give-and-take makes the world go round, I cannot help thinking that the solicitors are thinking of increasing the payments using some kind of legal force. Been out in courts or perhaps just through their soliciting agency so to speak.

    If the Halifax were satisfied with £35 a month, why then pass that to the solicitors? Yeah you reasonably can think of is that they wish to increase the payments by identifying any spare money and suggesting that that could actually be used against the debt regardless of whether I feel it should or not.

    Thoughts?
    Thanks,
    Adam.
  • Apples2
    Apples2 Posts: 6,442 Forumite
    You really feel victimised don't you?
  • MacMickster
    MacMickster Posts: 3,643 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    CaPPsiE wrote: »
    I cannot help thinking .............that they wish to increase the payments by identifying any spare money and suggesting that that could actually be used against the debt regardless of whether I feel it should or not.

    Thoughts?

    My thoughts are that if someone owed me money which they said that they couldn't repay at the rate that they agreed when borrowing, I would want to consider all of the evidence before accepting their suggestion of what they are able to repay.

    If they can identify "spare money" then of course that should be used to repay the debt. What you feel about that is pretty irrelevant.
    "When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
  • No not at all, it's jut a question.
    Thanks,
    Adam.
  • Valli
    Valli Posts: 25,286 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CaPPsiE wrote: »
    I have been paying £35 per month to the Halifax and they have since passed that on to the solicitors. It is the solicitors who have asked to see the monthly bank statements.

    Hopefully this will suffice as the context, I still cannot see why they would ask to see the bank statements, one wonders what they are up to.

    While I appreciate your suggestion that give-and-take makes the world go round, I cannot help thinking that the solicitors are thinking of increasing the payments using some kind of legal force. Been out in courts or perhaps just through their soliciting agency so to speak.

    If the Halifax were satisfied with £35 a month, why then pass that to the solicitors? Yeah you reasonably can think of is that they wish to increase the payments by identifying any spare money and suggesting that that could actually be used against the debt regardless of whether I feel it should or not.

    Thoughts?


    Well it would appear they're not satisfied with £35 a month. If they were they would not have passed the debt on (if that is what has happened).

    From that you can then deduce that they want to see what you COULD pay and that's why they want the statements.
    Don't put it DOWN; put it AWAY
    "I would like more sisters, that the taking out of one, might not leave such stillness" Emily Dickinson
    :heart:Janice 1964-2016:heart:

    Thank you Honey Bear
  • My thoughts are that if someone owed me money which they said that they couldn't repay at the rate that they agreed when borrowing, I would want to consider all of the evidence before accepting their suggestion of what they are able to repay.

    If they can identify "spare money" then of course that should be used to repay the debt. What you feel about that is pretty irrelevant.

    Ok well if there is an existing agreement then why would the Halifax wish to change that via a solicitor's?

    I appreciate what you're saying, but it isn't for the solicitors to dictate which debt should take priority. I haven't included my SOE here but there is a reason that I and the Halifax had an original agreement.
    Thanks,
    Adam.
  • CaPPsiE wrote: »
    Hi
    Just because they are "solicitors" surely this isn't a legal requirement except by way of a court order?

    I believe that you are correct - up to you at this stage whether you provide the information. Why not charge them for a copy - the bank would charge you? :D That's a tongue in cheek response of course, because "Give and take does indeed make the world go round".

    There's an old adage that says "If in doubt, do nowt" which is what I would be tempted to do in this situation.
  • meer53
    meer53 Posts: 10,217 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    Do you not think that by not supplying what they're asking for might make things a little difficult for you ? If you have nothing to hide why would you object ?
  • Valli
    Valli Posts: 25,286 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CaPPsiE wrote: »
    Ok well if there is an existing agreement then why would the Halifax wish to change that via a solicitor's?
    Because they want their money back. The very fact that they have now instructed solicitors to administer the debt would be ringing alarm bells with me.
    Don't put it DOWN; put it AWAY
    "I would like more sisters, that the taking out of one, might not leave such stillness" Emily Dickinson
    :heart:Janice 1964-2016:heart:

    Thank you Honey Bear
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