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Historic Business Bank charges
Harryl1987
Posts: 1 Newbie
Hi there,
Currently doing a bit of research for my dad around charges he incurred when he had his business in the 90s.
He was with Barclays and he claims that he was charged extortionate interest charges for overdrafts and told him that the only way he could continue his overdraft is if he turned the amount into a loan, obviously it’s all verbal but do I have a case to try and gain something for him. My dad had cancer a few years back and he believes the stress of the charges and pressure contributed to this so it’s kinda something he’d like to know if he has a case so he can rest a bit more as always felt he was being conned!
Currently doing a bit of research for my dad around charges he incurred when he had his business in the 90s.
He was with Barclays and he claims that he was charged extortionate interest charges for overdrafts and told him that the only way he could continue his overdraft is if he turned the amount into a loan, obviously it’s all verbal but do I have a case to try and gain something for him. My dad had cancer a few years back and he believes the stress of the charges and pressure contributed to this so it’s kinda something he’d like to know if he has a case so he can rest a bit more as always felt he was being conned!
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Comments
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He was with Barclays and he claims that he was charged extortionate interest charges for overdrafts and told him that the only way he could continue his overdraft is if he turned the amount into a loan
It is common to transfer overdrafts to loans as the interest rates are lower.but do I have a case to try and gain something for him.
none whatsoever.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I'm afraid it would be a very spurious complaint that Bank Charges caused your father to develop cancer...Harryl1987 wrote: »My dad had cancer a few years back and he believes the stress of the charges and pressure contributed to this0
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