Old ING account 22 January 2021 at 10:20PM in Reclaim bank & credit card charges 3 replies 51 views

sje0614

Hi I had an ING account (Belgium) in 2002 which I stopped using in 2005. I have now received a letter from a debt collection agency. There are charges totalling over £2000 and I can’t get any sense from them other than that most of this is for interest but they can’t tell me how the debt came about in the first place. Where do I go from here? 

Retiredwelshman

Maybe they levied a monthly fee?
We are lucky in being one of a small number of countries that has free banking.

dunstonh

they can’t tell me how the debt came about in the first place

The debt collection agency wont know how you accrued the debt.  Only the lender can.

[Deleted User]

Different country rules of course but I'd suspect Belgium may well have something similar to the statute of limitations over here meaning debts that are not paid/acknowledged after 6 years cannot be enforced. You need to seek advice from someone who understands Belgian financial law