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thanks for the response. I know its not ppi or missold, my question was in situations where neither of those 2 things have occured or apply, can anything be done about it? and no, didnt have a choice. the overdraft was in use when they converted the account from student to current, and as i was unemployed coming out of uni could not clear it.
Originally posted by holborn111
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When you borrow money you have to pay it back. Overdrafts are an expensive way to borrow money. They are really meant for very short term borrowing. The daily charging method came about before the banks won the charges case in court. That method was seen to be fairer. Although ironically, it resulted in higher charges for many people.
Banks do consider goodwill gestures to those in CURRENT financial hardship but not towards those with historic issues. As you have converted this to a loan, it would appear there are no current hardship issues.
I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.