Immediate Removal of Overdraft HBOS

[x_miss_lori_x]

Hi I am desperate for any advice. Over a yr ago I successfully claimed back bank charges and have never got a charge since. I was on Incap Benefit as I was long term sick. Ive returned to work 9wks ago thus more money going into my account. I have an overdraft of £1100 and it was renewed fairly recently with no probs. On 20th May I got a letter from HBOS saying they are withdrawing this overdraft within 14 days of getting the letter. Letter dated 15th May (I got it on 20th May) and as my account will prob be in debit I will be liable for any chgs. I live on my overdraft and if they do this then not only will I be in debit and get charges, I wont have a penny for myself and my 2 kids (single parent)

I would appreciate any advice whatsoever as this is making me ill and desperate.

Thank You

[ukaviator]

Hello Miss Lori

 

They can withdraw an overdraft facility with 14 days notice, some are 28 or 30 days, and do not have to give a reason.They can withdraw one with immediate effect if they believe it is being misused.

 

My best advice would be to move banks now, whilst you submit a complaint to the Bank. Have all of your money paid into the new account. Negotiate a repayment plan for the overdraft with the HSBC, at a rate you can afford. Also ask them to freeze the interest whilst you pay this back.

[x_miss_lori_x]

Thanks for your reply. I knew they could remove it but as you will realise it will cause dire financial hardship for me and my 2 children 100%. For info: There has not been 1 bit of misuse on it! They have been fly as they know my salary goes into the bank on the 6th of every month and its prob already processed. I will contact my employer right now though. To me they are just doing "pay back" time and also being ruthless. They have stated quite clearly on the letter that even if they take all my salary, benefits etc and there is still not enough they will be charging me so I doubt they will be decent enough to let me do a repayment plan and freeze my interest. Do you think I should contact Debt people first or HBOS complaints dpt? Do you know if there is anywhere else on this site that gives any further info on this subject.

Thanks again. Much appreciated

[qwerty101]

hbos sent letters in error to certain customers, contact them and double check.

[bryony84]

My boyfriend had the same thing and paniced about it. Contacted Halifax and apparently there was a big error in their system and letters got sent out that shouldn't have done. Yours may have been one of them.

[x_miss_lori_x]

Thanks for the info Byrony, Mine isn't an error. I phoned them 2 days ago and they lodged an official complaint and was told someone would phone me back yesterday. No-one did. Also, I've just realised that my recorded delivery letter I sent last friday has only just arrived today!!!! I've opened another account buy my charges will be starting today. Terrific!!!!! They do not give a damn.

[ukaviator]

They don't seem to care anymore Miss Lori, not like the old days when you could see your bank manager, and have tea.

 

The new account will ensure that they don't snatch back any money you have going in, and leave you pennyless for a month, which has happened on many occasions.

 

Now go after the charges, do you need assistance in asking for them back? (S.A.R )

[x_miss_lori_x]

Thank you. No I don't need help because I use this site a lot for information. I cannot believe they just did this to me. They are ruthless. Had to cancel all my DD's and contact my payroll and everyone else. Still doing it.

My daughter has a Halifax credit card and her limit is say 1500 and she now owes 1800. She has not used it for a long long time. This is solely late payment fees and charges. Should we claim them? Can you claim the late payment fees too plus what happens when they say "they are putting the claims on hold"? They are phoning her about 10 times a day too. Morning, noon and night. Pain in the .....!

Thanks again:confused: