Removal of Overdraft

dr_adidas01

Deleted_User said:

kms564 said:

My bank has removed my Overdraft with no warning .   I am Self Employed but currently not working , so have no money to cover my Rent this month 
I thought Banks were meant to be helping in current climate 

Overdrafts are only usually removed if there is irregular credit turnover or no or little money is being paid into the account, as they are only supposed to be to help cash flow in months with extra expenses and not really intended to be used as an alternative option to enable other means of borrowing.

Overdrafts are also not based on a persons credit score in the same way as things like loans, credit cards or mortgages are, instead they are more based towards how the account is being used and the accounts credit turnover. 

This thread is over a year old so not sure why you have decided to reply to this thread the original OP hasn’t logged in for nearly a year either. 

Alex9384

dr_adidas01 said:

This thread is over a year old so not sure why you have decided to reply to this thread the original OP hasn’t logged in for nearly a year either. 

I think it's never too late for some new information.

[Deleted User]

dr_adidas01 said:

Deleted_User said:

kms564 said:

My bank has removed my Overdraft with no warning .   I am Self Employed but currently not working , so have no money to cover my Rent this month 
I thought Banks were meant to be helping in current climate 

Overdrafts are only usually removed if there is irregular credit turnover or no or little money is being paid into the account, as they are only supposed to be to help cash flow in months with extra expenses and not really intended to be used as an alternative option to enable other means of borrowing.

Overdrafts are also not based on a persons credit score in the same way as things like loans, credit cards or mortgages are, instead they are more based towards how the account is being used and the accounts credit turnover. 

This thread is over a year old so not sure why you have decided to reply to this thread the original OP hasn’t logged in for nearly a year either. 

Is there some sort of law preventing me from doing so ? Surely anyone is entitled to contribute to any thread without having to explain themselves !

You don't need a reason or explanation as to why, I'll do as I please, don't need your permission.

[Deleted User]

Deleted_User said:

dr_adidas01 said:

Deleted_User said:

kms564 said:

My bank has removed my Overdraft with no warning .   I am Self Employed but currently not working , so have no money to cover my Rent this month 
I thought Banks were meant to be helping in current climate 

Overdrafts are only usually removed if there is irregular credit turnover or no or little money is being paid into the account, as they are only supposed to be to help cash flow in months with extra expenses and not really intended to be used as an alternative option to enable other means of borrowing.

Overdrafts are also not based on a persons credit score in the same way as things like loans, credit cards or mortgages are, instead they are more based towards how the account is being used and the accounts credit turnover. 

This thread is over a year old so not sure why you have decided to reply to this thread the original OP hasn’t logged in for nearly a year either. 

Is there some sort of law preventing me from doing so ? Surely anyone is entitled to contribute to any thread without having to explain themselves !

You don't need a reason or explanation as to why, I'll do as I please, don't need your permission.

 Given the OP hasn't logged in in a year they're not going to see any post.

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Notepad_Phil

Deleted_User said:

dr_adidas01 said:

Deleted_User said:

kms564 said:

My bank has removed my Overdraft with no warning .   I am Self Employed but currently not working , so have no money to cover my Rent this month 
I thought Banks were meant to be helping in current climate 

Overdrafts are only usually removed if there is irregular credit turnover or no or little money is being paid into the account, as they are only supposed to be to help cash flow in months with extra expenses and not really intended to be used as an alternative option to enable other means of borrowing.

Overdrafts are also not based on a persons credit score in the same way as things like loans, credit cards or mortgages are, instead they are more based towards how the account is being used and the accounts credit turnover. 

This thread is over a year old so not sure why you have decided to reply to this thread the original OP hasn’t logged in for nearly a year either. 

Is there some sort of law preventing me from doing so ? Surely anyone is entitled to contribute to any thread without having to explain themselves !

You don't need a reason or explanation as to why, I'll do as I please, don't need your permission.

Hmm, so you'll do as you please, but you'll complain about a poster who did what they pleased - which was to give you the information that this was an old thread and that the original poster hadn't logged into the site for nearly a year.