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Hi everyone


I have just registered and have been reading quite a few of the postings etc.


I have slightly different parameters from many of the contributors and am wondering if there are any others out there in the same position as I am.


I run a Limited Company in Scotland which has not been trading well for some years now and is basically making a small profit or small loss each year.

The nature of the business is such that sales are irregular making Cash Flow a major concern. The Company banks with a Scottish Bank (I am being circumspect here) with whom it has an Overdraft facility and a Term Loan.

In the longer term, the overdraft facility is adequate for our needs but when business is slow or when customers don't pay on time, the overdraft limit is often breached.

In the last year we have been charged around £6000 in excess overdraft charges and charges for returned items. I have not calculated the amount for previous years but it must amount to between £3000 and £5000 per year for the previous 4 years.

The overdraft facility is reviewed every 3 months and the Company is charged a £300 overdraft arrangement fee at each review even though the actual arrangement has not been changed for three years.

OK, so I could claim excess charges money back but what if the bank were to get nasty. The Overdraft and Term loan have my Directors Personal Guarantee as collateral (i.e. my house). Because of the Company Accounts it is unlikely that another bank would take it on.

In case you wonder why I have not chucked the whole thing in, I have been trying to get a job for the last nine months without so much as a reply from my applications. I am 62 years old and unbeknown to me, my brain must have died somewhere along the line. I still need to earn a crust.

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Hi whistlebinkie


Welcome to the forum.



Please take time to read the faq's

Please find your banks forum and start a thread;

(your user name) V (banks name)

Other members with experiance of your bank can offer informed advide.

use the template letters in order. Stick to the timetable in there.





Templates Library....

If you have charges going back further than six years read in here;


There is also live chat, visit if you need any quick advice.


Finally good Luck.



If my advice helps please tip the scales, left.

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Guest louis wu

Hello and welcome to you.


I have found a few business threads for you to look at










I have sympathies with your situation, and it must be tough thinking that the bank may just pull the plug on you if you challenge them, but, it is your money they have, and it sounds as if they have got quite a bit of it!


I think you need to have a good look around this site, post questions as and when they arise, and hopefully you will be suprised at what answers can be found.


Sincerest best wishes, and good luck



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Guest louis wu
Thanks Louis. I'm determined but cautious.



Thats the best way, less likely to make mistakes, yet likely to get the best out of this.


Keep us posted. Best wishes



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