Halifax dirty trick

krisstoff_2

Hello all First time here!!

I've just received a letter from the lovely Halifax saying that they are withdrawing my overdraft facility of £750 in two weeks and said

"subject to outstanding transaction this may result in your account falling into an unauthorised debt balance. If this happens , you will be liable for unauthorised overdraft charges, and any debit balance will be charged at an unauthorised rate"

So in other words they are saying. we're gonna bury you in bank charges if you don't pay up £750 within 2 weeks.

I can't afford £7.50 never-mind £750 so what is the best way to approach this?

Any advice would be most appreciated

Thanks
Kriss

bandraoi

When was the overdraft set up/last reviewed?

robpw2

you could write to them and see if they could extend for another month and pay it of very slow

Meltdown_2

Do they give a reason?

krisstoff_2

Hi They have never really spoken to me about it in a review capacity, they let me increase it £100 about a year ago.

I have a hefty credit-card debt with them which I'm paying off through a Debt Collection Agency at £5pm which they are probably unhappy about.

The first line of the letter was "Following a recent assessment of you overall relationship with the Halifax"

Thanks

Meltdown_2

krisstoff wrote: »

The first line of the letter was "Following a recent assessment of your overall relationship with the Halifax"

Isn't that "bank-speak" for "since we are not making a decent profit out of you" ?

krisstoff_2

thing is I'm really struggling for money I could only pay them off at about £3 p/m when I when to the debt counseling agency CCCR we did a cash flow and my income only just about covered living expenses with about £10 to pay off the debts

bandraoi

krisstoff wrote: »

Hi They have never really spoken to me about it in a review capacity, they let me increase it £100 about a year ago.

I have a hefty credit-card debt with them which I'm paying off through a Debt Collection Agency at £5pm which they are probably unhappy about.

The first line of the letter was "Following a recent assessment of you overall relationship with the Halifax"

Thanks

You will probably find that it's exactly a year ago. Whenever I change my overdraft facility with Halifax they give me a letter saying it applies for 1 year after which it will be reviewed. This is what I got:

am pleased to tell you that your recent application for an overdraft of £**** has been successful and you can use this overdraft facility straight away. The limit will remain until 18th March 2009, we will review your requirements shortly before this date.

So it's not exactly a dirty trick. Doesn't make it any easier to deal with on your behalf though. I would contact CCCS and see what they have to say.

I think you're probably better off without the overdraft and it going to either a debt collection agency or into a DMP.

StevenP_2

bandraoi wrote: »

So it's not exactly a dirty trick.

Depends on wether you have a conscience

jonesMUFCforever

StevenP wrote: »

Depends on wether you have a conscience

This works both ways though doesn't it?
Spend money you don't have on a card and an overdraft then say you can't pay it back.
My conscience wouldn't let me do that.

DGJsaver

jonesMUFCforever wrote: »

This works both ways though doesn't it?
Spend money you don't have on a card and an overdraft then say you can't pay it back.
My conscience wouldn't let me do that.

Dont talk soft