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natwest business account


thfctimmo
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i have a business account with natwest they want to turn my overdraft into a loan at their advice but want to charge me £400 approx for setting this up and the interest is 12.2%. is this right?

also my business partner has a good creit score so we are planning for him to get a loan out at 6.0% and pay nothing to set it up why is it so different from business to personal accounts and can i claim this back as im thinking of doing the personal loan option then chasing them for all the money they have taken off of us.

help required please????

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A classic Nat West slight of hand trick. They get you to take out a loan. Charge you for the privelege, and then stitch you up for 10 years interest on the loan. You must do as you propose and take out a personal, and take out Nat West at the sams time.

If they have charged you penalty charges then you have a legal right to claim them back. Have a look at this http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/. Good luck.

A person is only as big as the dream they dare to live.

 

 

Good things come to he who waits

 

 

Its your money taken unlawfully from your account and you have a legal right to claim it back.

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thanks for that. Banks are terrible they charge you all the time if its a business account and when you ask for help like i have done on numerous occassions they slam the door in your face!!!

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A person is only as big as the dream they dare to live.

 

 

Good things come to he who waits

 

 

Its your money taken unlawfully from your account and you have a legal right to claim it back.

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