Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I'm a Barclays customer and I have been looking to move to a Cahoot current account because an adviser there told me that if you go over your agreed overdraft limit they don't charge penalty fees but instead you move into a higher rate of interest to pay on your overdraft. Were they fibbing or is this true?
Thats sounds interesting----but wouldn't a higher interest rate be like a penalty charge --- just a cleverer way of going about it --to try and combat people reclaiming charges??
I'm probably completey wrong--- I just don't trust banks!lol!!
This is what Cahoot say about it on the terms page of my current account:
'
If you exceed your overdraft limit, we will charge you interest at a monthly rate of 1.6667%, 21.9%APR (variable) plus an unauthorised overdraft charge of £30.'
So they actually charge you a penatly fee and a higher interest rate.
So did Cahoot lie to me?
customer and I have been looking to move to a Cahoot current account because an adviser there told me that if you go over your agreed overdraft
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