Default due to complicated situation

messi2504

I need some help if possible please about a slightly complicated default on my account. The account in question is a Halifax student current account.

I had a student account opened in 2008 i had 2 medical issues which meant my graduation was delayed until 2013. The account was in June 2012 marked as 'Defaulted'.

I have only after doing some digging up found that the student Halifax current account is for the duration of your course plus 1 year after graduation (I thought it was 5 years flat). I had an interest free £1000 but since Halifax thought my days of being a student were over they started charging me interest of around £30 a month soon this got too much as i wasn't working and had no income and the account was in arrears. Which resulted in the default.

Looking at the whole situation i know i am to blame as i should have known the T&Cs and made Halifax aware but is there anyway this can be taken forward and will they remove this default?

Westminster

Simple answer - no they won't. It is a factually accurate picture of the conduct of your account and of relevance to any future creditor.

it also indicates that you appear not to read any correspondence relating to your credit accounts or failed to contact them or take any action when you saw interest was being added.

fruitisbad

I'd changed courses at university so was there for 5 years. My account (natwest) was similar in that it was 1 year after graduation. A standard course runs for 3 years so 4 years in I was starting to receive interest charges. I'd gone to the bank along with proof of my course dates and they did refund the charges and set my account back to a student rather than a graduate account.

It's possible that they might do something, but it's possible it's too late. You might at least be able to get the interest you paid refunded, it would probably be more difficult to prove that it was these charges and these charges alone caused you to default.

Ben8282

How can a current account be in 'arrears' ... arrears with what?
You must surely have realised that interest was being added to your account the first month it happened.
It looks to me as if you at some point you abandoned this overdrawn account and stopped paying money into it and then presumably ignored the letters from your bank advising you that they were withdrawing the overdraft as no money was being paid into the account and then ignored the letters asking you to repay the overdraft thus the default.
You must have had SOME income from SOMEWHERE. Why did you not pay anything at all into the account.
If you want the default removed understand that you will have to repay the overdraft in full before there is even the remotest possibility that this will happen ...
Another point. Overdraft limit £1000. Account balance unstated. Interest charged £30pm.