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Cheque book loan - frozen account


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I have five £100 "Cash till payday" cheques held by the Money Shop, which I have been extending for a while. They are drawn on my Bank of Scotland current account, which has been frozen and my chequebook and card surrendered because of a large unauthorised overdraft, currently being paid off under a debt management scheme.

If I allow any of the cheques to be presented, the bank will probably object, especially if they think that the undated cheques were written after the debt managment scheme began.

If I tell the Money Shop and offer to buy back the cheques, they will probably want me to do this all at once- after all, they are guaranteed by a card I no longer hold. I can't afford this.

 

 

So, a bit of a Catch 22 and I don't want to go on extending the cheques for ever!

What would you do? Will the bank be sympathetic if I explain the situation, especially if I make an extra payment into my account to cover each cheque?

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