Account In Debt But Hasnt Gone To Collections Yet...

Bravehearted_2

Why would Barclays agree to clear the debt? Wishful thinking that won't happen.

What you should be doing is letting your brother know you are serious about him paying you back. Demand it daily so he doesn't think you've just let it slide.

You broke the terms of your agreement by giving your PIN to someone else. Barclays won't pay for this without wanting to prosecute your brother.

Not quite sure what an Asian call centre has to do with this - they were correct, there's nothing they can do.

Time_to_face_the_music

swaterhouse wrote: »

I'm in the process of trying to open a new account with co-op.

The Co-op bank have now discontinued their bankrupt account so I think you may be stuck with Barclays

http://www.moneysavingexpert.com/news/banking/2012/09/Co-op-blocks-bankrupts-from-bank-accounts

Time_to_face_the_music

honey10 wrote: »

I meant take your brother to small claims court. The bank consider it your responsibility because you didn't protect your personal information the way that you should have, however, a court may see that its your brother that is at fault. it won't change the banks position, but you could then recover money from your brother.

The bank will have debt advisors. They have the ability to freeze interest on what you owe and allow you to pay back at a monthly rate you can afford. Which bank are you with?

Firstly, do you have a new basic bank account with a different bank? Get that sorted first so that you still have access to any money/benefits.
I would suggest contacting the banks customer services, explain that you are concerned about the charges that the unplanned overdraft will attract and ask to speak to a debt advisor. There is no point in talking to the fraud team, as the bank don't see a fraud has been committed.

There is a good chance that they will turn it into a planned overdraft and it will then reduce by a certain amount each month.
Thats what HSBC did for me when I had a similar case of misuse by a family member.

The OP is bankrupt, I don't think they will be able to open a new bank account or obtain an overdraft.

bradztheman

You can open a account with barclays

swaterhouse

Im not sure when the following link was written, but it says i can have a hsbc account, nationwide basic account, etc... Is that right? http://www.smallbusinesspro.co.uk/banking/bankrupts.html

swaterhouse

Shoot, really dont know what to do, ive got my benefits going into that account and its going to get swallowed up and wont be able to pay my rent :-(

honey10

Time_to_face_the_music wrote: »

The OP is bankrupt, I don't think they will be able to open a new bank account or obtain an overdraft.

With regards the overdraft, what happened with me personally is, there was an unplanned overdraft of around £900, I argued that it was partially their fault for not stopping the account going that overdrawn when there was no active overdraft, a similar problem to the OP's, whoever may be at fault, the OP, his brother, a cousin, Joe Bloggs etc
HSBC then made the unplanned overdraft into a planned overdraft temporarily, to stop charges, then reduced it by the agreed payment each month. I didn't have access to that overdraft once it was paid off, it was an administrative change to stop charges.

swaterhouse wrote: »

Shoot, really dont know what to do, ive got my benefits going into that account and its going to get swallowed up and wont be able to pay my rent :-(

Contact the Jobcentre ASAP, tell them not to pay into that account, and ask them for a Post Office account, that will fix your problem whist you are on benefits, however, you cannot set up direct debits etc from a Post Office account so you will need a basic bank account quite quickly. Lloyds TSB do a simple card account, as do Yorkshire Bank, depending on the nearest location to you.

swaterhouse

I know, theres loads of bank that offer current accounts but the only one that are bankruptcy friendly are barclays :-( ive managed to get a simple payments card for my benefits, but for housing benefit they wont pay it to that simple payments card, they only send cheque or deposit into bank, having troubles with this now :-(

honey10

If DWP will pay you onto your 'simple payment card' (not sure what this is by the way) then surely housing benefit will too?

swaterhouse

honey10 wrote: »

If DWP will pay you onto your 'simple payment card' (not sure what this is by the way) then surely housing benefit will too?

No, they dont, its really stupid that they dont. Doesnt make sense. The dont even send a giro, just cheques which im now gonna have to cash and have a percentage taken from