C
I have a very good income and credit history , hit a rough patch 2 years ago, pressure being applied since.
Thanks Bank Manager for your reply.
The sitting down bit was done in July 05, that's when the overdraft was reset to 0. No reason was given apart from the "Credit Committee" refusing to maintain the Overdraft.
There was also no offer of repaying the overdraft by instalment. I wrote to the Manager in March asking him to suggest a route forward, no response. Finally this month they closed all accounts which I only found out about by accident as post was still being sent to old address.
The credit balance remaining was supposed to have been posted to me by Draft over 3 weeks ago, hasn't arrived though.
I've passed the whole thing to the Bank's Customer Services Manager, let's see what they come up with.
Like you I thought it would have been in everyone's interest to resolve this a year ago, perhaps they just wanted rid of someone who asks questions?
....which of course means that any money overdrawn immediately becomes "unapproved" borrowing, thus enabling the bank to probably charge you about 3 times the interest they were originally charging you.Just wondering if anyone has experience of overdraft being reduced to nil following a so called review, double interest (surcharge) then applied, explanation is that the Banks hands are tied by the "Credit Committee" ?
I have a very good income and credit history , hit a rough patch 2 years ago, pressure being applied since.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?