Thread: FD have terminated my accounts

FD have terminated my Current, Credit card and Loan account.

The payment I was making to the loan account is now 'bouncing'.

Have now had letter from MCS telling me I should deal with them ( I know they are actually FD in disguise ).

What is the legal situation now that they have terminated my account?

thanks,

Lisa

Everyone Should Either Call Jason Sharpe Head Of Customer Service Direct Number 0113 236 7070 Or Better Still The Big Boss Chris Pillings Direct Number 0113 276 6890 And Let Them Know How They Are Terminating Peoples Accounts. Call Now!!!!!

It would appear that they close all accounts then bundle any loan or credit card debts into being an overdraft on the current account.

This way they think they are able to bypass the CCA 1974, I am not sure if this is legal or they are chancing their arm.

Hi - this happened to me just over 3.5 years ago. Does anyone have an update on whether this was legal? Thanks

Originally Posted by GeoffreyAlby

It would appear that they close all accounts then bundle any loan or credit card debts into being an overdraft on the current account.

This way they think they are able to bypass the CCA 1974, I am not sure if this is legal or they are chancing their arm.

How can they close all accounts and yet have an overdraft on a current account?

I have a few accounts with First Direct and haven't yet had any problems with them, but you never know do you.

They've closed my current account this morning- just about to start a separate thread. Have had some serious financial issues in the last 18 months, with my wife having cancer and me losing my job due to having to take time off. The bank have been made aware of this on several occassions.