Do banks have to give notice before removing overdraft?

jonesMUFCforever

delstar77 wrote: »

I had an overdraft of £1000 back in 2005 with Halifax bank, I went to get a loan from them and was told that an overdraft would be a better bet, on their advice I did this and got the overdraft increased to £5000. Around a year later they gave notice they were reducing it back to £1000 and put me in severe hardship, I tried appealing this but they refused to help. In effect this was mis-sold to me as if I had taken the loan which was pre-approved this wouldn't have been an issue. I complained however they sold it to several different companies under several different names and by the time I had managed to advise the situation it had moved elsewhere. Finally it ended up at Cabot and then Marlin. As my situation worsened over the years I agreed a set amount with Cabot which I kept up with, then out of the blue they transferred it to Marlin, under a different number and under Lloyds. Naturally I queried this and they did not respond neither did Cabot who returned my payments after they were paid. I have now ended up with a court date for Northampton advising I have not responded, they claim they sent me two emails of which I received neither. Does anyone have any further help for me as to what to do now.

The only problem I see with your argument is this -- if you were unable to reduce the overdraft monthly how would you have made loan repayments?

Only asking.