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RBS repayment plan - can i ask for removal of default notice
Hi friends,
A few years ago I was a very stupid man (something i pay for on a daily basis) and stuck my head in the sand rather than face up to my debts.
I defaulted on a loan and current account overdraft with RBS. They subsequently formally defaulted my acount and I now pay £65 a month to their central Customer Credit Services Dept to repay the debt.
I have been doing this for well over 2 years, and wondered if it was worth doing 2 things:
Firstly, asking RBS to remove the default notice on my account.
Reason being that i have been faithfully repaying money to them over the last 2.5 years, additionally that the default is affecting my ability to re-mortgate my property and gain a better financial deal in the present climate of the credit crunch.
Secondly, asking RBS for details of the charges made to my account during the period 2002 to 2004 (the account was closed in 2004 and I am aware that you can only claim back 6 years). The charges will be significant i am sure and in a time of financial hardship for myself in 2002, 2003 and 2004 this affected my ability to administer my account within the terms of the agreement - hence i was defaulted.
What do you think is the chance of success in either ? if this is in the wrong section please let me know.
I am now facing up to my responsibilities and repaying debts where i can, i just think that the removal of the default would make things easier in the long term. I no longer hold any credit cards and will no longer get myself into debt (having learnt my lesson). I use a debt card now linked to by current account with another high street lender.
Re: RBS repayment plan - can i ask for removal of default notice
just giving your thread a little nudge to bring it to the attention of others who might be able to help you. I am not sure if this should be here or in the General Debt forum. Perhaps a mod/site helper will look in and advise you better.
1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -HERE
2: Take back control of your finances -Debt Diaries
3: Feel Bullied by Creditors or Debt Collectors?Read Here
When the Liberals and Conservatives were in opposition, they both agreed that banks should pay back high bank charges to customers. Nothing seems to have happened since they came into power as a coalition. PPI Insurance has been sorted. Now they should turn their attention to bank charges and help customers get exorbitant charges refunded.
Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.
PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE
RBS repayment plan - can i ask for removal of default notice
rather than face up to my debts.
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