We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Bank charges reclaiming
andrewh
Posts: 43 Forumite
I have been in a trust deed for nearly 2 years now.
I have been told to check back and see if I have any bank charges, I do have quite a lot of charges.
Am I able to reclaim these under hardship rules seeing as I am in a trust deed?
Any help is appreciated
I have been told to check back and see if I have any bank charges, I do have quite a lot of charges.
Am I able to reclaim these under hardship rules seeing as I am in a trust deed?
Any help is appreciated
0
Comments
-
Am I able to reclaim these under hardship rules seeing as I am in a trust deed?
You can ask the bank but seeing as the trust deed involves you sorting your issues out and the charges being pre-trust deed, you wouldnt be entitled to the money if they did decide to refund.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
You can ask the bank but seeing as the trust deed involves you sorting your issues out and the charges being pre-trust deed, you wouldnt be entitled to the money if they did decide to refund.
What would happen to the money and would i be able to reclaim next year when my trust deed is finished?0 -
What would happen to the money and would i be able to reclaim next year when my trust deed is finished?
Whilst in thr trust deed, you would need to advise your truistee of any windfall payments. I would fully expect the trustee would insist the funds be added to your estate to recompense, at least in part, those you've welched on.
No point attempting to reclaim next year the charges you've already incurred - it'll be too late.0 -
What would happen to the money and would i be able to reclaim next year when my trust deed is finished?
No. Any payment out would go to the trustee to pay those you failed to repay. Only if there is enough to pay them and some left over would you see anything.
The whole point of a trust deed/bankruptcy is to draw a line in the sand to allow you to move forward. You cannot pick and choose from things before that line.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
You should get some free legal advice. If the FOS have agreed with the bank, and they've already made you an offer to resolve this, i think you're probably at the end of the line now. Maybe a solicitor will have some different advice for you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards