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Can the bank do anything? TPP Question
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samperry209
Posts: 121 Forumite
Hey guys,
Quick question, I have a TPP going with stepchange, 1 of my debts for 750 overdraft with natwest, Can natwest actually do anything like bailiffs which a TPP is going? Im not worried as stepchange have said ignore the letters but I am just curious? My bank account has dissapeared now guessing its closed.
Quick question, I have a TPP going with stepchange, 1 of my debts for 750 overdraft with natwest, Can natwest actually do anything like bailiffs which a TPP is going? Im not worried as stepchange have said ignore the letters but I am just curious? My bank account has dissapeared now guessing its closed.
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Hi,
Sorry, Whats a TPP ???
As regards Natwest, Its doubtful, Banks don't chase small overdraught debts through the courts normally.
What usually happens is the account will be closed, the balance then repaid by your chosen method, if you stopped paying for some reason, all that would happen is the debt would probably be sold on to a DCA for collection instead.
Court action may then be a possibility, but only if you didn't pay. Rarely, if ever, are bailiffs used to collect on an OD.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
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