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Nationwide bank charges (6+ years ago)
Duffy27
Posts: 2 Newbie
Hi there - I'm new to these forums but I'm hoping I can get some advice from you
I used to bank with Nationwide and closed my account a few (more than 6) years ago.
My debt with them accumulated to around 700 pounds. This was because they happily upped my overdraft whenever I went in to the branch and asked them. Simply because I couldn't keep up with my lifestyle at the time with the income I had at the time. My income was around 800 a month, my overdraft was 700. You can imagine that I lived in overdraft for a year or two until I asked them to freeze my account so that I could pay the debt off. This then moved on to debt collectors (Moorecroft?) and I finally paid them off
The bit that stung the most was my contract with Vodafone. If I didn't have the money in my account (£30 monthly contract) then I would get a charge from vodafone (£30 for bouncing direct debit) and a charge from Nationwide (£30). Vodafone would try to take the money out of my account THREE times before defaulting on it (30+30*3 = £180 in charges!) which pushed me further in debt. This happened for many months.
It's been a long time since I have thought about doing something about this and I hope that I'm not doing this too late. I'm wondering what advice you could give me in order to see if I can claim back these overcharges
As I said I haven't had anything to do with Nationwide for years so I hope I'm not too late.
Look forward to hearing from the community
With Regards
James
I used to bank with Nationwide and closed my account a few (more than 6) years ago.
My debt with them accumulated to around 700 pounds. This was because they happily upped my overdraft whenever I went in to the branch and asked them. Simply because I couldn't keep up with my lifestyle at the time with the income I had at the time. My income was around 800 a month, my overdraft was 700. You can imagine that I lived in overdraft for a year or two until I asked them to freeze my account so that I could pay the debt off. This then moved on to debt collectors (Moorecroft?) and I finally paid them off
The bit that stung the most was my contract with Vodafone. If I didn't have the money in my account (£30 monthly contract) then I would get a charge from vodafone (£30 for bouncing direct debit) and a charge from Nationwide (£30). Vodafone would try to take the money out of my account THREE times before defaulting on it (30+30*3 = £180 in charges!) which pushed me further in debt. This happened for many months.
It's been a long time since I have thought about doing something about this and I hope that I'm not doing this too late. I'm wondering what advice you could give me in order to see if I can claim back these overcharges
As I said I haven't had anything to do with Nationwide for years so I hope I'm not too late.
Look forward to hearing from the community
With Regards
James
0
Comments
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It's been a long time since I have thought about doing something about this and I hope that I'm not doing this too late.
You are. Bank charges reclaiming more or less ended when the banks won the court case. Nowadays, they only tend to consider complaints about CURRENT financial hardship. An account that was been closed for more than 6 years is not one that fits with current financial hardship.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 -
Thanks for your reply - though I'm disappointed I have inquired with Stepchange Debt Recovery and I'm waiting for their action plan to arrive via email0
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