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Credit Card Company took cash from my bank acc't to cover missed payment!?! Can they
missgert
Posts: 2 Newbie
in Credit cards
I'm to posting so bear with me. Have got a Lloyds TSB Credit Card and Lloyds TSB Current acct and Savings acct. Could not send in full payment this month so sent a "good will gesture". Today have received a letter saying this month's payment was not received plus also discovered today that they have "helped themselves to money" in my savings account to cover the amount I didn't send them. I have never heard of this happening before. We have queried it with the bank and they say its OK because it is in the "small print". Can anyone advise if they do this or if anyone has had any experience of this?? Bewildered somewhat.......
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Comments
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yes they can set-off debit balances against credit
this has been standard practice in all banking agreements since the beginning of time0 -
Indeed it is...missgert wrote:...they say its OK because it is in the "small print".
www.lloydstsb.com/media/lloydstsb2004/pdfs/platinumonlinTsCs.pdf
(see condition 14.7)0 -
Indeed they can, and do do this.Don't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)0 -
Which is why it is a good idea to have your credit card and bank account with different organisations.0
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JohalaReewi wrote: »Which is why it is a good idea to have your credit card and bank account with different organisations.
Absolutely right!Don't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)0
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