Woman gets £84m Overdraft!

[bloomingflower]

A careworker thought all her Christmases had come at once when her bank mistakenly extended her overdraft facility - to £84m.




Kaylie Coomber, from Highnam, near Gloucester, could not believe her eyes when she received a letter from Alliance and Leicester informing her of the considerable change in her financial circumstances.
Miss Coomber works at the National Star college for severely disabled teenagers and young people near Cheltenham.
The 20-year-old said she had previously phoned the bank asking them to extend her overdraft to £250 in the run up to Christmas.
She said: "I rang them up three days ago to ask if they could extend my overdraft by £50.
"I needed the overdraft because of the time - it's just before Christmas and I have to pay my car tax and MOT.
''But I was totally staggered when they then sent me a letter saying 'We are pleased to confirm that we have arranged an overdraft limit of £84,480,090.00 on your account.
"I knew they had obviously made a mistake - but I ran to the cashpoint as I want to see if I was one of the richest people in the country, sadly I wasn't."
Miss Coomber said that while she could not stop laughing when she got the letter, the bank did not find it quite so amusing.
"When I phoned the bank to tell them about it they didn't apologise or find it funny," she explained. "I am a bit disappointed I am not going to get my £84m overdraft."
A spokesman for Alliance and Leicester apologised for "any inconvenience or upset" caused to Miss Coomber and confirmed it was an "unfortunate" one-off incident.

Source - 'Oh Oh! I Have An 84m Overdraft' - Yahoo! News UK


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[Mochamoo]

Re: Woman gets £84m Overdraft!

lol, that would be handy right about now!

[bloomingflower]

Re: Woman gets £84m Overdraft!

lol, that would be handy right about now!

Hi Mocha :santa_wink:

Yep,same here. Mind you, imagine all that interest you would have to pay back on it LOL

On a more cheerier note NOT !! LOL

Bleak winter ahead as economy gloom grows

LONDON (Reuters) - Factory output shrank sharply in October, property sales are at a record low and the Christmas season is failing to ignite retail sales as evidence grows that the country is entering a long and painful recession.
Sterling fell as gloomy surveys on Tuesday encouraged investors to bet the Bank of England would have to slash interest rates further -- following 300 basis points of cuts since the start of October to 2 percent.
"These figures suggest that the recession is deepening across the economy and that GDP may ultimately fall by something like two percent next year," said Paul Dales, an economist at Capital Economics.
"Clearly, the Monetary Policy Committee has more work to do."
The Office for National Statistics said industrial output fell 1.7 percent on the month, more than three times the rate predicted by analysts and the biggest fall since January 2003.
That took output 5.2 percent lower than a year ago, the steepest drop since April 1991.
The ONS also revised down output in previous months. Other things being equal, that would mean gross domestic product (GDP) contracted 0.6 percent in the third quarter instead of the 0.5 percent fall initially reported, it said.
Manufacturing output fell much faster than expected -- 1.4 percent on the month -- and for the eighth month running. This was the biggest drop since March 2005 and marked the longest stretch of declines since 1980.
There has been little sign so far that a weaker pound is helping to boost demand for British goods abroad, as policymakers had hoped. The goods trade deficit with the rest of the world widened slightly to 7.75 billion pounds in October.
PROPERTY, RETAIL SLUMPS
The Royal Institution of Chartered Surveyors said the extent of house price falls eased slightly in November but home sales hit their lowest level since the RICS survey began in 1978 -- at an average of just 10.6 per surveyor and 55 percent down on a year ago.
Government data showed house prices fell 2.5 percent in October alone.
Banks have remained reluctant to lend to would-be homebuyers because of the credit crunch, despite support and increasing pressure from the authorities.
"Prices are set to fall markedly further over the coming months," said Howard Archer, an economist at Global Insight. "The fundamentals for the housing market remain largely unfavourable."
Heavy discounting and the proximity of Christmas did little to revive consumer spending last month either.
Like-for-like retail sales fell 2.6 percent on the year in November, the biggest decline for more than three years, according to the British Retail Consortium.
"Retailers will be hoping that customers have been putting off Christmas shopping -- not cancelling it," said BRC director general Stephen Robertson.
Head of Barclaycard Antony Jenkins told Reuters he expected Britons to spend "quite a lot less" on cards next year because of waning consumer confidence and worries about the recession.

Source-
Bleak winter ahead as economy gloom grows - Yahoo! Finance



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