I had a business overdraft for a limited company to the tune of 12.5k,

upon taking out the overdraft the business manager told me I had to take out overdraft protection insurance,

which he quoted at the time 'should anything happen to the business the overdraft would be taken care of' ,

he also stated that I wouldn't have been granted the much needed overdraft if I didn't take out this insurance.

I signed as a guarantor as I was lead to believe that the overdraft was protected anyway?

I paid into the insurance for a number of years (approx 5).

Due to the recession the business struggled and ceased trading in 2008.

I made a call to RBS to tell them I intended making a claim on the insurance policy

only to be told that the insurance I had been paying was only a death policy?

This was never the case, it even said overdraft protection insurance on the bank statements..

I was then pursued by the bank,

my house was threatened with repossession

although I didn't feel I should I made an arrangement to pay back at £250 per month..

Money that I really couldn't afford..

This was a figure that the RBS said would be acceptable.

I continued to pay for approx a year or so and then went through a separation,

I contacted the bank again and agreed a lower amount of £125.

All the time protesting about the protection I though I had..

This is now being chased by Shoosmiths solicitors..

In 2014 I made a claim for PPI in thinking that if they agreed that this was a mis-sold policy

then the debt should never have been an active debt anyway

I was ordered just over £2500 in compensation for a mid-sold policy..

The payment went straight to RBS.

I am sure that this proves that I should never have had to pay the debt in the first instance?

I therefore cancelled the payments and I didn't hear anything for about a year or so..

I have just had after all this time a letter from Shoosmiths asking me to reply to their letter why I am not paying the debt.

. I have written to RBS in several occasions and had no response?

Help required please?

I don't know how to proceed?

When I received the mis-sold PPI letter I

wrote to the RBS asking why I hadn't received the cheque

and they said they had used it to reduce the debt?

who are shoesmith client

Rbs

ok so still with the original credit

so safe to ignore shoe's

so barring the PPI refund

when was the last time YOU actually paid anything off the debt?

and does this show on your credit file?

dx

I would have to check the last time I paid anything,

It doesn't show on my credit file either..

I have paid a substantial amount off this which I feel I shouldn't have paid

and the last time I was told how much was owed it was only about 2K

so defaulted more than 6yrs ago

and has dropped of the CRA file.

it could just be that shoe's have been given an old portfolio to chased up

as it could be coming upto SB or very near.

wont hurt to SAR RBS

Hi there, I have just checked and it looks like the last time I paid anything was 6th March 2015.

AM x

This debt has never shown on my credit file?

I was paying it as the guarantor,

the debt was for the buisness which was a limited co,

I don't know if that makes a difference?

The RBS also had the debt transferred to what I think was a loan account?

they were paying the payments into one account and the debt was accruing interest in another account?

I have never had a statement from them so I have no Idea how much they now consider is owed?

sar RBS

something smell badly here.

I don't think they should be converting a business debt into a pers loan

even with a PG.

dx

What should I do now do you think? Send an SAR to RBS?

yes as post 9