Closing a Defaulted bank account

saltwater

In 2011 I had an account with Natwest which contained no overdraft option, my paypal account however was linked to that account so every now and then it would slip into the negatives when their payments were delayed before being paid off at the end of every week.
This went on for close to a year before Natwest without any correspondence up until that point decided to bill me for the entire period's unofficial overdrafts at once, a fee close to £700.
Angry at this I switched banks and have had no correspondence at any point with them since.

I recently checked my credit score and have found that my account is still defaulting and affecting my credit score despite me not using them for over 6 years. The date of the original default is 2012.
Is there any way to make them close my account or to dispute the defaults?

[Deleted User]

You can close the account once the outstanding sum is settled.

If you disagree with the default, send them your complaint.

sourcrates

Hi,


The account should not still be showing, if its default date exceeds the 6 year mark, you could write and complain about it, however, playing the role of devils advocate here, they may want their £700 back as well.
If you were unhappy with the charges, you should have complained at the time to be honest.

Willing2Learn

saltwater wrote: »

In 2011 I had an account with Natwest which contained no overdraft option, my paypal account however was linked to that account so every now and then it would slip into the negatives when their payments were delayed before being paid off at the end of every week.
This went on for close to a year before Natwest without any correspondence up until that point decided to bill me for the entire period's unofficial overdrafts at once, a fee close to £700.
Angry at this I switched banks and have had no correspondence at any point with them since.

I recently checked my credit score and have found that my account is still defaulting and affecting my credit score despite me not using them for over 6 years. The date of the original default is 2012.
Is there any way to make them close my account or to dispute the defaults?

A default means the relationship between the creditor and debtor have broken down, and that the original contractual terms [STRIKE]of the credit agreement[/STRIKE] has been broken. I believe that your account being defaulted in 2012 is therefore correct. I also believe that a defaulted account should be automatically removed from a credit file, six years from the date of default (in 2018).

saltwater

Thank you all for the input, I'll check the dates of the initial default again just to be sure it has been over 6 years. If the date is actually close to the six year period what do you think the likelihood of them issuing a CCJ is?
Also has a side note I've already been issued a CCJ recently (four months ago) from an old loan debt so in the case that does happen is there any real point me paying it off?

Willing2Learn

If an account is Statute Barred (SB), then you cannot be served a CCJ for the account.

I believe an account is SB if:
The default date (the cause of action) is over six years ago, and
You have not paid any money for six years, and
You have not acknowledged the debt in writing during the six years


If, 4 months ago, you were served a CCJ for an old loan, then the debt is enforceable and I advise you to pay it. You should be able to arrange a payment plan, if you are not able to pay the full amount.