Hi I wonder can someone give me some advice. In 2006 HSBC gave me a Managed loan to consolidate 2 credit cards and an overdraft and I pay this monthly and have done since 2006. I contacted them regarding the balance on this account as I had been paying this for 6 years and thought it may possibly be nearing completion. To my shock I found out that I had not even paid 50% of the capital off and thought that I should have paid off a lot more than that. I then asked for opening balance figures etc and on my calculations the loan balance should be around £3000 less than the figure they have quoted me. this is using the interest rate that they told me is used to calculate the loan. They have told me that my last payment will be in 6 years time whereas using my calculations it should be 3 years time. I am fairly sure I have calculated the interest correctly and can't see how I would be so far out What should I do ? Thanks Rich

Another Success. I spoke to the NatWest in York as I work over here and arranged an appointment for the 7th February 2012. I went through the application with the Business Manager there and I spoke to him yesterday and my Limited Company account (Foundation Account) has been set up and i have the sort-code and account number to start using. The service I received was second to none and fast as well.

I am afraid it doesnt work like that at all. After they sent me the card - even though I hadnt submitted my details, I was then able to phone customer services and find out information. The only way you can top up is via cash, debit card or transfer, to top up with a cheque you go into one of their Cash Shops and cash your cheque at extortionate prices and then top up with cash. I then told them that wasnt acceptable and cancelled my card. My main concern was why they used my details even though I hadn't submitted

If I can't pay in cheques i don't want the account - i didn't actually apply for the account, they sent the email anyway which i find disturbing

Hi I am new here and have looked through the threads regarding business bank accounts. I have a bad personal credit history and have been refused business bank accounts for my Limited Company with Santander twice even though they said I had passed the credit scoring and sent me out all the documents and paying in books etc twice - this also included business account debit cards etc. I then went to my own bank HSBC who refused me within 15 minutes (computer says no) and the Account Manager wasnt willing to even try to overrule it. I am applying to Natwest currently but am worried that it will take too long and I won't have an account set up in time as I will be paid by cheque by my customer on or around the 15th February 2012. It has been suggested that Cashplus Business Card is a possible way around the bank account problem and I have researched but it seems to me that the only ways to top up are with cash or debit card or direct transfer from a bank account so as there is annual or monthly if I can't pay a cheque on to the account then it really isn't for me. Does anyone know whether they have a way of receiving cheques as I have looked on the wbesite and can't find any mention and also when you ring the 'Customer Services' line it only seems to be for people who already have an account with them. Also I went on to the application to see if there was any further information and even though i didnt complete or submit the application and went back and removed information from this - I received and email saying I had been accepted and the card would be sent out to me in 3 to 5 working days. I ticked the box saying I would pay later so I havent entered any payment details but I was still very concerned. Has anyone else had this happen ? Thanks in advance