My two Barclays accounts

[championless]

Hey everyone

I have two bank accounts with Barclays. One is a student account, which at the time had an overdraft limit of £1600. I received some charges for going overdrawn, etc. I couldn’t afford to pay the overdraft off, so I used another account I had with Barclays. After some time, Barclays insisted that I pay off the overdraft immediately. I could not afford this, as I could only afford to pay £35 per month. They insisted I open a loan account with them which would pay off my overdraft and then I would pay off the loan each month. I told them that I could afford to pay £35 and they told me that it would take something like nine years to pay it off. The interest seemed really high, but I figured that I didn’t have much choice in the matter. I have been paying £35 per month for the past two years. Is there anything I can do about claiming the charges back and possibly do something about the loan, as it sounds quite unfair?

Now the other account, I have used this for the past four years and have been charged on a few occasions for going overdrawn, getting a direct debit returned, etc. Is there anything I can do to get these charges back as well?

Thanks

Championless

[championless]

Can anyone give me some suggestions on how to deal with the above?

[dar£n]

Send in your SAR for Both accounts and go from there, you can combine both accounts into one claim

[championless]

Send in your S.A.R - (Subject Access Request) for Both accounts and go from there, you can combine both accounts into one claim

 

Can i claim the interest back on the loan they forced me to take out? I think that sounds like a bit of a long shot, but it's worth a shot isn't it?

[championless]

Is it true that they can close your accounts down once they have refunded your charges? I heard this from a girl in work and just want to make sure whether this is true or not...

[championless]

The loan that they made me take out was called a resolve loan. I've been paying it for two years now and i still owe £1688, so the balance hasn't even gone down a bit...

[bbch60]

Hi

 

I am in a similar situation - I have two accounts and one closed business account. But on one of the current accounts they also made me take a reserve loan account which I have been paying for 18 months and like you the interest is extortionate but it was either that or close my account down. I have tried negotiating with them but all they are willing to do is let me pay off the balance in one lump sum, so 4 more years to go!! Let me know if you get anywhere better than me

[championless]

It's annoying isn't it? Surely there is something that can be done when you're forced into taking out a loan to pay this off. Surely this is just as unfair as bank charges for unpaid direct debits, etc...

[championless]

Can anyone advise if I can do anything about this resolve loan? I've been paying off for two years and i still have about six years left, the interest is extortionate!

[joe1965]

To make you take more credit out to pay for a debit is against the guidelines laid down by the OFT and unlawful under the Administration of justice act. Personaly,if I had the paperwork to prove that it was either take out this loan or we will close the account, I would be seeking legal about being a victim of extortion.

[bbch60]

Hi championless

 

I have filed my 2 claims to court yesterday and still haven't had any luck negotiating with them re: my resolve loan

[championless]

I don't actually have it in writing, but i still have all the loan paperwork, detailing that they're charging me 17.9 percent on a £1600 debt. Can i still do anything without it in writing?

[bbch60]

Championless - I too have the paperwork for the resolve loan but am not sure whether I had anything in writing as to the fact that they would close my account down if I didn't take out the loan - I will check when I get home and let you know.

[championless]

Does anyone have any ideas on this resolve loan?

[championless]

Just bumping this in case anyone can help...

[welshcakes]

No idea but a quick search shows that rawhidedi vbmenu_register("postmenu_795090", true); also has a Resolve Loan and may be able to give you some guidance based on what they're doing

[championless]

Thanks Welshcakes, have hijacked the thread so hope to get some help there. If not, i don't know what to do...