Jump to content


Balance of risk?


rss1979
 Share

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 5772 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hello and thanks for reading.

 

I have just recieved a response to my letter before action......same old "we believe our charges are fair"..........."we consider that the amounts debited to your account have been applied strictly in accordance with your agreement" nonsense.

 

Now, my question is probably unanswerable....

 

I have a rather bad credit rating, no, I have a very bad credit rating and about the only company in the world willing to give me credit is RBS. I hold a Debit Card, Cheque Book, Overdraft, Loan Account and several other accounts for my family with this bank..........not to mention a Child Trust Fund account.

 

If they were to close my account and recall the OD I would be screwed.

 

I dont want to avoid legal action on this basis but I have to be honest, I cannot afford to lose this account because I would not get the same services with another bank.

 

My claim is for around £350 and I just cant satisfy myself that its worth loosing the account and benefits to reclaim this modest amount.

 

What would you guys do in my situation?

 

Obviously I am not looking to hold anyone accountable......ultimately the decision is mine, but I would appreciate some opinions.

"If you owe the bank 100 pounds, you're the one with the problem. But if you owe a million pounds, the bank's the one with the problem."

 

Lord John Maynard First Baron Keynes of Tilton.

 

"If you owe the bank $100, that's your problem; if you owe the bank $100 million, that's the bank's problem".

 

John Paul Getty

Link to post
Share on other sites

Try and get another account with the facilities first.

 

How much is outstanding on the loan - is it more than the amount they owe you in charges?

If you feel that we have helped you, or you would like to help keep this web site running so that others can continue to get their money back, please click the donate button at the top of the forum.

Advice & opinions of Dave, The Bank Action Group and The Consumer Action Group are offered informally, without prejudice & without liability.

Use your own judgment. Seek advice of a qualified insured professional if you have any doubts.

 

------------

 

 

Add me as your friend on FaceBook - I need all the friends I can get :-(

 

http://www.facebook.com/profile.php?id=577405151

 

------------

Link to post
Share on other sites

About 8k outstanding on the loan..............why?

"If you owe the bank 100 pounds, you're the one with the problem. But if you owe a million pounds, the bank's the one with the problem."

 

Lord John Maynard First Baron Keynes of Tilton.

 

"If you owe the bank $100, that's your problem; if you owe the bank $100 million, that's the bank's problem".

 

John Paul Getty

Link to post
Share on other sites

I was wondering if the amount of charges outweighed the outstanding balance of the loan and the OD.

 

Obviously not, in this case.

 

I am in a similar position with FD at the moment - they have taken about 65 quids worth of charges, yet I have an OD of £1200 with them which they will, without doubt, call in if I start proceedings against them.

 

I intend to sell things on ebay and save a little and when I have paid the OD off, then I will claim my £65 back with interest.

If you feel that we have helped you, or you would like to help keep this web site running so that others can continue to get their money back, please click the donate button at the top of the forum.

Advice & opinions of Dave, The Bank Action Group and The Consumer Action Group are offered informally, without prejudice & without liability.

Use your own judgment. Seek advice of a qualified insured professional if you have any doubts.

 

------------

 

 

Add me as your friend on FaceBook - I need all the friends I can get :-(

 

http://www.facebook.com/profile.php?id=577405151

 

------------

Link to post
Share on other sites

For £65 I would just call them up and ask for it back!

 

I am planning on sending a final “final” letter to someone higher up at RBS pointing out that the charges are illegal. I am also going to point out that I pay a monthly fee for my Royalties Gold account and I would expect that fee to cover any “additional work” required on my account.

 

I am confident the bank would rather avoid upsetting me......if they were to close my account as an act of retaliation I would certainly do everything possible to make this VERY public knowledge.

 

Clearly, this is somewhat like blackmail in as much as I am asking that they pay me money (which is rightfully mine) or I do everything within my power to spread the knowledge about illegal charging.

 

One thing that does concern me; RBS clearly see this action as contrary to our agreement and I am sure this will be the reason they give for closing my account. It would be interested to know if we could pre-empt this action by making it less appealing to the bank.

"If you owe the bank 100 pounds, you're the one with the problem. But if you owe a million pounds, the bank's the one with the problem."

 

Lord John Maynard First Baron Keynes of Tilton.

 

"If you owe the bank $100, that's your problem; if you owe the bank $100 million, that's the bank's problem".

 

John Paul Getty

Link to post
Share on other sites

You should start to explore the possibility of accounts with other banks. Ask the Coop for a basic account.

Your loan account is probably untouchable but check the T&Cs.

 

So if you find that you can get one or more accounts elsewhere, that your loan is untouchable, then how much else is at stake?

 

Can they touch the child trust fund? Check the T&Cs. See if you can move that out somewhere else. You probabl;y can. It is a secure kind of account for a bank. Money in and noe going out.

 

When you have solved these problems and read your T&Cs, you may find that it is not such a risk to claim back your charges.

Link to post
Share on other sites

  • 12 years later...

This topic was closed on 03/07/19.

If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there.

If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened.

- Consumer Action Group

"If you owe the bank 100 pounds, you're the one with the problem. But if you owe a million pounds, the bank's the one with the problem."

 

Lord John Maynard First Baron Keynes of Tilton.

 

"If you owe the bank $100, that's your problem; if you owe the bank $100 million, that's the bank's problem".

 

John Paul Getty

Link to post
Share on other sites

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 5772 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...