F
freakingout
Guest
I have just received 2 x Notice of Default under Section 54 of the Consumer Credit Act 1995 from Bank of Ireland.
One is for my tern loan and the other is for my current account.
I had met with Bank of Ireland in August 2009 to inform them that I was going to be put on a three day week from September 2009 and wanted to reduce my repayments. Since that time I have been paying the term loan and credit card and have not missed a single payment.
I called them a month ago to say I need to reduce payments further as the interest only period on my mortgage is up so I guess this has triggered the default notices.
They are threatening to close my current account in 3 weeks if I do not clear the overdraft off € 2,500. What should I say to them ??
I proposed reducing payment from € 375 to € 150, the total of my loan, overdraft and credit card is now € 18,500 down from original € 24,000.
One is for my tern loan and the other is for my current account.
I had met with Bank of Ireland in August 2009 to inform them that I was going to be put on a three day week from September 2009 and wanted to reduce my repayments. Since that time I have been paying the term loan and credit card and have not missed a single payment.
I called them a month ago to say I need to reduce payments further as the interest only period on my mortgage is up so I guess this has triggered the default notices.
They are threatening to close my current account in 3 weeks if I do not clear the overdraft off € 2,500. What should I say to them ??
I proposed reducing payment from € 375 to € 150, the total of my loan, overdraft and credit card is now € 18,500 down from original € 24,000.