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Overdraft and defaulting
Comments
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Another thought. When the bank contact her to discuss repayment of the overdraft, they will probably go through her income and expenditure to agree the best way to repay them. This will include asking about any savings or investments she may have, is she (or are you) planning on not disclosing the 15k ?
Unless you have POA or a third party mandate they won't speak to you anyway.
I've already recommended that she should speak to the bank and try to come to an arrangement over payments. It's somebody else that has told her to go down the default route and I just wanted to check it out. Anyway it sounds like its not an option.
Thanks for all the help in here.0 -
a charge on the house maybeDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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