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Bank Charges
janey2004
Posts: 3 Newbie
Hello
Are the banks allowed to still charge overdraft interest when case is on a stay.
Are the banks allowed to still charge overdraft interest when case is on a stay.
0
Comments
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Yes, and impose penalty fees.0
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Thats disgusting really and means i'd have to pay all that back aswell0
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Interest on overdrafts will always be legitimate, because you are effectively borrowing money from a lender even though it is not as such a loan. Charges at the time of writing are lawful as no judgement has been made as to the lawfulness of them.0
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