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Hi, I am really scared now, I have sent off DPA to three banks and now reading these threads about Banks closing accounts, it has made me feel scared because I have tried to open a parachute account but been turned down probably due my bad credit scoring.
I feel now I have taken on too much as I could end up paying back 2 credit cards in full lose my bank account and be far worse off.
Can anyone advise me of any institution that gives cheque book switch card to someone with adverse credit?
Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice you must always consult a registered and insured lawyer.
"Some people say The Stig chews on spark plugs and drifts while walking. Some say he is terrified of ducks, and that there is an airport in Russia named after him. All we know is that he is really barracad from The Consumer Action Group" - Jeremy Clarkson (allegedly)
Hi, I am really scared now, I have sent off Data Protection Act to three banks and now reading these threads about Banks closing accounts, it has made me feel scared because I have tried to open a parachute account but been turned down probably due my bad credit scoring.
I feel now I have taken on too much as I could end up paying back 2 credit cards in full lose my bank account and be far worse off.
Can anyone advise me of any institution that gives cheque book switch card to someone with adverse credit?
Check Barracads thread here http://www.consumeractiongroup.co.uk...parachute.html
Please be aware that not all banks close accounts and you are quite within your rights to challange your bank should they decide to do this.
Also i would continue your claim after all it is your money.
If you have adverse credit then it's very unlikely that a bank will give you a switch card, due to it's ability to put you overdrawn etc plus it's a cheque gaurentee card.
As Livelylad said - not all banks close your accounts. I have had success in claiming my charges back and only the Alliance & Leicester seem to carry an automatic closing down instruction linked with your payout. I'm currently taking Lloyds for a huge sum and nothing has been said either to me or other people who have successfuly claimed from them about account closure. Equally, I claimed from HSBC - they didn't close our account. I suspect if you claimed against them for a second time - they might get ratty!!
Anyway, you can always complain to them. If you want some good templates for the future in case it happens to you - take a look at my A&L letter I sent to them - it has got them seriously rattled (so far) - Just do a search on my name.
And good luck!!! Remember - whilst you are asking for your money back, you are also acknowledging that you are happy to pay their losses they've incurred by your 'naughtiness' in stepping out of line but you're just wanting to know what they are! If you go to court, you've been forced to because they won't divulge what those losses are and you're asking the judge to enforce them to provide the costs. The happy by-product of that is they'd rather give you your money back!!!!
Good parachute accounts are Natwest Step account or (and don't quote me on this) RBOS Key Account. They're both basic current accounts with a Solo/Maestro card, no cheque book and no overdraft. You can get online banking though.
They do a credit check, but that's really meaningless. The problem is the credit scoring and I don't think applications for these types of accounts are credit scored. I got one and if I can, anyone can
Don't panic. Try the Co-Operative Bank. Ask for a basic acount with a Visa Electron Card and on-line banking.
Any one who wants money off you eg School fees. Ask them for their bank sort code account number and your reference number and pay online.
I do it with every single bill that I get and the bonus is as its not a direct debit if you are 1, 2, 3, 4, 5, 6, or 7, days late there is no charge from your bank . My attitude is if I've got it I'll Pay You!! Don't mess with your council tax or your mortgage provider, if you have them, about too much though as they get pretty nasty quite quickly. Remember ALL comanies that send a bill want YOUR money so will have a HUGE amount of ways of HELPING you to pay it. PAY ONLINE when it suits YOU. Therefore YOUR IN CONTROL OF YOUR MONEY
Get your credit reports from the three horsemen of the apocalypse (Experian, Equifax and CallCredit) (god i hate these guys - they're worse than the banks, at least the banks take responsibility for their decisions). Find out how bad your credit is. If there are defaults from old accounts you can get them COMPLETELY REMOVED. The creditors have no right to "continue processing this data" after the credit agreement is finished. There are many threads about how to go about this in the "Legalities" forum. Specifically, check out surlybonds sticky thread.
Be warned though - this is more on the rocket science side of the action of this site. It takes dedication.
NatWest Charges: £3708.81. Allocated to fast track 14/10/06. *SETTLED IN FULL* 23/10/06 5% donation made
HSBC Default Removal and £186 charges: N1 claim issued 28/11/06 *WON* 28/02/07 5% donation made
Egg Charges: £370. N1 claim issued 24/11/06. *SETTLED IN FULL* 12/01/07 5% donation made
Natwest Student: £150. N1 claim issued 24/11/06. *SETTLED IN FULL* 10/12/06 5% donation made
Natwest Credit card: £317.01 INCLUDING CONTRACTUAL INTEREST, *WON* 30/11/06 5% Donation Made
Ikano Data Protection Act deception and non-complience: N1 claim issued 28/11/06. *SETTLED IN FULL* 12/12/06 5% donation made
I am not a lawyer. All advice is merely my own opinion. Nevertheless, I've won £4675 so far!
Tip my scales if you like my advice
You havent said who your accounts are with. there is a way about. If you open a deposit account with a building society for your cheque side and also if you open a step with Natwest. natwest do not charge you on this account if you go overdrawn because of a direct debit. They will however delay you from opening a current account by 6 months for every time you go overdrawn. they give you a maestro/sol (switch equivelant). you did not also state where abouts you are in the country. As if you could then i could probably give you the name of a building society near you.
Hi Puppylove, I have also opened a Co Operative account after A&l closed my account with them. I pay most things online and am much happier without an overdraft to worry about!
Paul
Alliance & Leicester, £2944.66 settled in full, donation made!!!
Capitol One (Partner), £475.01 settled in full, donation made!!!
Get your credit reports from the three horsemen of the apocalypse (Experian, Equifax and CallCredit) (god i hate these guys - they're worse than the banks, at least the banks take responsibility for their decisions). Find out how bad your credit is. If there are defaults from old accounts you can get them COMPLETELY REMOVED. The creditors have no right to "continue processing this data" after the credit agreement is finished. There are many threads about how to go about this in the "Legalities" forum. Specifically, check out surlybonds sticky thread.
Be warned though - this is more on the rocket science side of the action of this site. It takes dedication.
A bit off topic but what 'decisions' do the credit refence agencies make?
I always thought they simply provided factual info and the lender made the decisions on whether to give credit or not.
also puppylove use your statements as a like for like transfer bankaccount transfer. you may get lucky as all banks do alike for like transfer service.
A bit off topic but what 'decisions' do the credit refence agencies make?
I always thought they simply provided factual info and the lender made the decisions on whether to give credit or not.
Wrong.
CRA's are data controllers aswell. They have just as much responsibility to comply with the data protection act as their clients (the banks). The data they hold is about you. It is YOUR data. YOU own it, not them. For instance, in my case they have "decided" to take HSBC's word over mine in a dispute about an incorrectly registered default. I have asked HSBC to prove this incorrect data. Of course, they can't.
It is my opinion that the CRA's are just as guilty as HSBC in defying the DPA, which states that data must be accurate. I've asked the CRA's to prove it aswell. They can't. Furthermore, they say, "HSBC told us it's right, therefore it must be right". So, in addition to defaming me with incorrect data, they DO NOT TAKE RESPONSIBILITY for it. They are parasites of the worst kind.
NatWest Charges: £3708.81. Allocated to fast track 14/10/06. *SETTLED IN FULL* 23/10/06 5% donation made
HSBC Default Removal and £186 charges: N1 claim issued 28/11/06 *WON* 28/02/07 5% donation made
Egg Charges: £370. N1 claim issued 24/11/06. *SETTLED IN FULL* 12/01/07 5% donation made
Natwest Student: £150. N1 claim issued 24/11/06. *SETTLED IN FULL* 10/12/06 5% donation made
Natwest Credit card: £317.01 INCLUDING CONTRACTUAL INTEREST, *WON* 30/11/06 5% Donation Made
Ikano Data Protection Act deception and non-complience: N1 claim issued 28/11/06. *SETTLED IN FULL* 12/12/06 5% donation made
I am not a lawyer. All advice is merely my own opinion. Nevertheless, I've won £4675 so far!
Tip my scales if you like my advice
I am scared now to take on the banks
but been turned down probably due my bad credit scoring.
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Originally Posted by puppylove
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Re: I am scared now to take on the banks
