Advice on Barclays account closure

omissimo1

Hi,

My wife has 2 accounts 1 barclays current (£300 od) and 1 barclaycard (£3,0000. She was made unemployed a few months ago so we wrote to Barclays to say she is unemployed and couldn't meet her repayments at the moment and offered token payments of £1.

They have now said that they are terminating her accounts. So far she's been a really good customer and just needed some time to get a new job before she can pay normally. Can they do this or are they just using scare tactics?

sourcrates

Banks can do as they please, you would possibly of been better off saying nothing.
Anyway, the bank account is easily solvable, just get her to open a new basic account, with a bank she has no debt with.
Anyone can open a basic account, there is no OD, and no credit check, you need to search for them, as they are not advertised.

Just treat the old OD. As just another debt, and keep paying them the £1 a month.

omissimo1

Thanks for the quick reply.

Thought we were doing the right thing by telling them. If she can repay it soon would they reconsider or is that it once they send the letters?

sourcrates

Well you can try, but I doubt it would make much difference.

Time to take control by switching to another bank methinks !!!!

Jacko_amz

My partner had 2 Barclays accounts and was in financial difficulty. He started a dmp and was paying £1 token payments, they cancelled the accounts and have been sold on to a debt company. He simply opened a basic account with Barclays ��

sourcrates

Jacko_amz wrote: »

My partner had 2 Barclays accounts and was in financial difficulty. He started a dmp and was paying £1 token payments, they cancelled the accounts and have been sold on to a debt company. He simply opened a basic account with Barclays ��

Hope your partner realises that Barclays can help themselves to the contents of his/her bank account, whenever they like, using the right of offset ?

That's a dangerous game to play, they could quiet legally clear out the account !!!!!

Jacko_amz

What his basic account that he has now? And even if they've sold the debt on?

sourcrates

Jacko_amz wrote: »

What his basic account that he has now? And even if they've sold the debt on?

Doesn't happen that often, if the debt has been sold its unlikely, but having debts, and other live accounts, with the same institution, is never recommended.