Looks likeTSB are going to play dirty

blind-as-a-bat_2

......................................

allofadither

Blind...I'm sure there'll be something in the small print that says they can do anything they want :mad: but I agree that this is totally unacceptable. It is the banks way of increasing the debt as and when they feel like it. Looks like you might have a small battle to wage.

Emmzi

Overdrafts are technically 'repayable on demand.' Usually you get 7 days notice minimum out of courtesy.

Conor_3

If the O/D was incurred before you banked, pop into the bank with the letter you've got. Ask to see the manager and tell them they have two options.

Option 1) THey can drop the charge for the letter and monthly interest and sort out some repayment vehicle for the £300 or,
Option 2) You'll haul them through county court to claim for every charge they've applied over the last 6 years.

allofadither

Conor wrote: »

If the O/D was incurred before you banked, pop into the bank with the letter you've got. Ask to see the manager and tell them they have two options.

Option 1) THey can drop the charge for the letter and monthly interest and sort out some repayment vehicle for the £300 or,
Option 2) You'll haul them through county court to claim for every charge they've applied over the last 6 years.

That's really good advice Conor....but have the bank got the common sense to realise it too:rotfl:

rufus79

LTSB are a nightmare, its partly down to them that I am facing BK (they refused to accept a DMP several years ago and kept adding charge onto charge, leading to a total of £7k in charges! I have no advise, but good luck!!

allofadither

Sort of good news then Blind...those computers have a lot to answer for don't they. Wonder who the banks blamed before computers were around.

You must be a valued customer Blind if they want to offer you a new bank account!!!

NekoZombie

Conor wrote: »

If the O/D was incurred before you banked, pop into the bank with the letter you've got. Ask to see the manager and tell them they have two options.

Option 1) THey can drop the charge for the letter and monthly interest and sort out some repayment vehicle for the £300 or,
Option 2) You'll haul them through county court to claim for every charge they've applied over the last 6 years.

I meant to quote, not thank you but never mind. Banks tend to take thinly veiled threats quite badly. I would think of another way to make your point.

Do the words in bold mean before you went bankrupt? Is 'banked' slang I haven't heard of or a grammatical error? I only ask cause I've noticed you say it in other posts and wasn't sure what it meant.:D

Conor_3

Yes...banked = bankrupt.

wherediditallgo

LTSB do seem to operate oddly. I went BR owing them thousands on my credit card - I also had a current account with them which wasn't overdrawn, & which I put on my SOA. They were informed by the OR last month that I was BR (I confirmed that twice by telephone), but I heard nothing about whether the current account could still be used. I rang them & was told I could continue to use it, so I asked for that in writing. The letter came yesterday. The account has an overdraft facility & cheque book on it, & I can set up bills on it, have a cashpoint card etc.

I'm going to use the chequebook to set up an ING account, as they require the first amount to be paid in by cheque, & then leave the chequebook alone so that I've got it for emergency payments. I'll use the account for direct debits for bill payments & for emergency savings. I'm in shock that they've allowed me to keep it with all the facilities intact though I owed them loads on the credit card. Maybe it's because I've had the account over 20 years.

NekoZombie

wherediditallgo wrote: »

LTSB do seem to operate oddly. I went BR owing them thousands on my credit card - I also had a current account with them which wasn't overdrawn, & which I put on my SOA. They were informed by the OR last month that I was BR (I confirmed that twice by telephone), but I heard nothing about whether the current account could still be used. I rang them & was told I could continue to use it, so I asked for that in writing. The letter came yesterday. The account has an overdraft facility & cheque book on it, & I can set up bills on it, have a cashpoint card etc.

I'm going to use the chequebook to set up an ING account, as they require the first amount to be paid in by cheque, & then leave the chequebook alone so that I've got it for emergency payments. I'll use the account for direct debits for bill payments & for emergency savings. I'm in shock that they've allowed me to keep it with all the facilities intact though I owed them loads on the credit card. Maybe it's because I've had the account over 20 years.

I think its a case one hand not knowing what the other is doing. There is often a division between the Credit card side and normal banking. For example, I have had a letter from HSBC Credit Card Services saying in the light of my bankruptcy, my account has now deafulted. My current account with HSBC is still asking me to pay in some money to bring my account into credit. Clearly, slow/no communication between departments.

By the way wdiag, did you not get a letter from the OR asking you to send them all cards and cheque books from all your accounts? I did.