Overdraft repayment plan

[Deleted User]

Daedalus wrote: »

That is worrying assj.



He did say he would send it in writing in the post.

What has me worried that like with a loan, if you negotiate payment they mark it as so on the report don't they?

I don't think they ever asked for it all to be paid. I am pretty sure the letter stated, they couldn't maintain the level after review, contact us. It was me who said I could afford to pay it all off, would they accept £150 a month?.

Is this me trying to be too technical that as they didn't actually call it in that they can't claim I have defaulted.

Maybe to keep things safe you should ask them to restore the OD and then repay it as you have agreed, you will then reduce all risk of what they may or may not do

DevCoder

Apologies then assj, it would be interesting to see the correspondence.

Daedalus

assj wrote: »

Maybe to keep things safe you should ask them to restore the OD and then repay it as you have agreed, you will then reduce all risk of what they may or may not do

How do you mean? The letter would imply that they wanted to reduce the limit, but I never gave them the time to tell me what to, whether down to £0 or some other amount. I can't ask them to put me back up and let me continue to pay it off every month, I don't think they would go for that.

[Deleted User]

krisdorey wrote: »

Apologies then assj, it would be interesting to see the correspondence.

Not a problem.

I just learnt a great lesson from this, I will always pay then argue in future. Sometimes it's not worth waiting to prove the point first.

I didn't even want the money they paid me, just my good name back.

I'm still really upset now

I try to tell everyone that I know now just so they know what can happen, even when you are in the right.

[Deleted User]

Daedalus wrote: »

How do you mean? The letter would imply that they wanted to reduce the limit, but I never gave them the time to tell me what to, whether down to £0 or some other amount. I can't ask them to put me back up and let me continue to pay it off every month, I don't think they would go for that.

True, sorry I didn't read your post correctly.

If you do have someone that can help, and you know you will return what they lend you, then I'd take that option to secure your credit report.

Having said that as long as you check it monthly it should be fine, I was stupid and didn't check until month 6, if I'd known at month 1 I would have saved myself the whole issue.