currently have a natwest business account that is currently roughly ( not had statement for quite some time)15000 overdrawn.

Since dec 2011 I have been paying 1 pound token payments to my other unsecured creditors and they have all stopped interest.

I have wrote a few times to natwest offering the same terms few times over past 12 months ,and this has been rejected , aswell as my request to stop interest accruing on account which is around 500 every 2.5 months.

I have also in writing and over phone asked for sar and also copies of guarantee I signed back in 2008 , as I have documentation stating 10000 but natwest are saying 25000.

In latest phone conversation (dec 2012)they mentioned debt will go to recovery agent as is ltd company and no longer trading. Am thinking this is better as no way can ever pay it back due to circumstances same as other debts on token payments , and at least interest may stop.

Was thinking bankruptcy an option , but am currently managing other debts through my own efforts and advice from Cccs , am not with any debt management company or dmp , and are all accepting the pound at moment apart from natwest.

I would very much like any help or advice regarding what you think my next course of action shoud be to resolve this.

Best regards

currently have a natwest business account that is currently roughly ( not had statement for quite some time)15000 overdrawn.

 

Since dec 2011 I have been paying 1 pound token payments to my other unsecured creditors and they have all stopped interest.

 

I have wrote a few times to natwest offering the same terms few times over past 12 months ,and this has been rejected , aswell as my request to stop interest accruing on account which is around 500 every 2.5 months.

 

I have also in writing and over phone asked for sar and also copies of guarantee I signed back in 2008 , as I have documentation stating 10000 but natwest are saying 25000.

 

In latest phone conversation (dec 2012)they mentioned debt will go to recovery agent as is ltd company and no longer trading. Am thinking this is better as no way can ever pay it back due to circumstances same as other debts on token payments , and at least interest may stop.

 

Was thinking bankruptcy an option , but am currently managing other debts through my own efforts and advice from Cccs , am not with any debt management company or dmp , and are all accepting the pound at moment apart from natwest.

 

I would very much like any help or advice regarding what you think my next course of action shoud be to resolve this.

 

Best regards

have a natwest overdraft at moment that currently with their collections since jan 2012. Have guarantee of 10000 , balance is around 15000.

I'm still being charged interest for unauth overdraft which is adding to it more and more.

Spoke to them this month a they advised will going to recovery agent soon , as no longer trading and ltd company wound up some time ago.

Tbh back in 2008 I was naive enough to listen to bank manager to set up ltd company and they were more than happy to give overdraft , I had no business plan and said will just be selling on eBay. I feel I was missled and misadvised in some ways , the guarantee was never explained to me properly.

My personal debt is unsecured and currently on token payment proud per month option , did try to offer this to natwest but they rejected.

Sorry for the essay but am so stressed about it. I feel ive done well to manage personal debt at present and stop interest.

But business debt seems to be going out of control.

Any advice or help would be very much appreciated .....

Anyone help please , apologies for double post just thought rexplain in different way

Anyone can help pease ,seen few viewing

Thanks!

Firstly stop dealing with Nat West over the phone. Keep everything in writing.

Secondly you need to pay £10 for a SAR and then they are legally obliged to comply within 40 days.

I've only spoke to them once over phone , usually do everything in writing. Thanks for advice.