Help with TSB clain plz

[stearmy]

I am in the process of claiming back my charges off the tsb but i have an overdraft with them.

if i file the claim will they withdraw my overdraft and can the demand the full amount back in full

 

plz help

[Gollie]

I am in the process of claiming back my charges off the tsb but i have an overdraft with them.

if i file the claim will they withdraw my overdraft and can the demand the full amount back in full

 

plz help

 

I too would like to know the same im about to start claiming for someone else but im about £1000 in my overdraft, can they close the account and demand it back because i have not got that type of money. I am only going to claim for about £400 so want to be prepared. if they do demand £1000 is there anything i can do to prevent this for the time being?

 

Thanks

[stearmy]

help

[lucid]

If your overdrafts are rerepayable on demand then they can take the facilities away. It is a possibility that they could retaliate and demand your overdraft back. We have an overdraft and so far they haven't demanded that we pay back the facility - we're now at the filing the claim stage. Unfortunately they have still retaliated and seem to be doing as much as possible to attempt to put us off. A couple of our accounts are in arrears (because of their charges) and a few days after they received our prelims we received a letter demanding repayment of the arrears. This seems to be a pretty obvious retaliation from them and once our dipute has finished we are going to complain about this to all of the necessary authorities.

 

So unfortunately I don't think there is a definite answer as to whether they will take away your overdraft facility. For us it wouldn't be a problem because our claim is bigger than our overdraft, but I can see that this isn't the case for you Gollie.

 

I think that the best thing for both of you to do is to research what would happen if they do take away your overdraft and demand repayment, but you can't afford to pay it all off in one go. Maybe contact the CAB and see if in these cases you would be able to arrange a repayment plan (I think that this is the kind of thing they can help out with, although I'm not 100% sure).

 

Just be prepared for the worst and if at the moment you are worried about them retaliating in this way, maybe hold off beginning the process until you feel more confident. Keep in mind that the FSA doesn't like the idea of banks retaliating to customer complaints as they see it as discriminating, so keep all letters and notes of phone conversations from the bank so that you have evidence if they do retaliate after receiving your prelims.

 

Good luck to both of you. Lucid