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can loans be cancelled?

jimbojetstet
jimbojetstet Posts: 1 Newbie
in Reclaim bank & credit card charges
Can you help please? I want to claim my bank charges from Natwest, but at the beginning of this year I took out a £13,000 loan from them. Is there any way they could cancel my loan or ask for full immediate repayment?

Thanks

Jimbo

Comments

  • Elsie2_2
    Elsie2_2 Posts: 209 Forumite
    jimbojetstet wrote: »
    Can you help please? I want to claim my bank charges from Natwest, but at the beginning of this year I took out a £13,000 loan from them. Is there any way they could cancel my loan or ask for full immediate repayment?

    Thanks

    Jimbo

    I don't see how they could if you were meeting your monthly pyments. If you were in financial difficulty and had advised them of this, they may pass the debt to a collection agency, but they would just put on a reduced payment plan. So, NO, i guess is what i'm trying to say.
    Bank charge Victories 07:MBNA:£205.77.Natwest Credit Card:£250.A&L Bank:£549.68.First Direct:£1183.50.Natwest:£112.33+£200 compo.Marbles CC:£298.Providian CC:£181.Capitol One CC:£388.46.PPI requests:A&L credit card/First Direct loan: At Court stage.Marbles CC:£213.02 refunded.GE Money:£562.34 refunded.First Direct credit card:£747.83 refunded.
  • Riggsy1367
    Riggsy1367 Posts: 172 Forumite
    Part of the Furniture Combo Breaker
    Wouldn't that be the same as closing your account without reason? I'm sure the FOS would take an intrest.
    :beer:
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