Lloyds Account Default

piedmontboot

Hi there


Just a question regarding a default on my credit file.


Its for a Lloyds bank account £828, registered in may 2010.


However, there was no agreed overdraft limit on the account (so the whole £828 was unauthorised).
Are banks able to apply a default on something that isn't technically a credit agreement (e.g. no agreed overdraft facility)


Thanks

worried_jim

Yes they can and have done.

piedmontboot

worried_jim wrote: »

Yes they can and have done.

Thank you. Most of the amount is made up of bank charges, do you think there is any point in challenging this?

Nasqueron

piedmontboot wrote: »

Thank you. Most of the amount is made up of bank charges, do you think there is any point in challenging this?

If you are in current hardship you can ask the bank to look at your circumstances and see if they will refund the charges but it does just tend to be 6 months or so - be aware they have different definitions of hardship, but expensive mobile contracts, eating out and other luxuries will suggest you are not in hardship

niblettr

Yes, it is worth challenging it. I challenged Lloyds on a different issue but they removed the default for roughly the same reason as yours.

The reason they gave was their compounding charges/fines made up most of the debt (or something along those lines..)

piedmontboot

Default now removed!!