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NatWest stopping interest
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Cheesephetamine
Posts: 247 Forumite
I just got the enclosed letter and I am happy to let you all know that at least in my case with my DMP NatWest seems to be willing to stop charges and interest in my two loans and Overdraft
TOTAL DEBT JUNE 2019: £38,233.87 Aiming debt free mid 2023. All bad debt written off / paid by January 2023. No missed payments in 2023. Only one active credit card to pay off! I DID IT 🎉
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Well done cheese.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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Thank you. I thought they were going to be really difficult for what i have read. Because they said that they can make my accounts unusable i have asked barklays (my current bank with whom i have no debts) to open a joint account for my husband and me. I think they can´t touch an account that is joint if the debt is solely at my name and my husband has no debt at all but just in case i want to change all to barclays. We use the joint account for things like rent, bills and groceries. is this the right move to do?TOTAL DEBT JUNE 2019: £38,233.87 Aiming debt free mid 2023. All bad debt written off / paid by January 2023. No missed payments in 2023. Only one active credit card to pay off! I DID IT 🎉0
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I'd do as you suggest and move banks to an institution with no connection to your debts - if only for a clean break. Good news re the defaults and it would be even better if they refunded you any interest and/or charges they had applied - you never know, stranger things have happened.
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