Nat West OD default

[Dev1003]

Hi, anyone out there can let me have a little advice on what to do next with the following;
1. Wrote to NW re Bank charges reclaim (about 3.5K) and said to them i would accept this in lieu of 3k OD account which has now been closed - plus a cheque for balance back to me.
2. NW wrote back saying all claims on hold until decision of pending appeal. So i should pay back the 3k i owe them in full asap.

What should i reply?

[Sapphire]

Re: Nat West OD default

Are they nagging you to repay it ? If not unless you can afford to pay it back in one go then I'd enter into an agreement to pay it back monthly. Hopefully the OFT case will be over before you finish paying it back and your charges will cover it and you will get a cheque for the balance.

[Dev1003]

Re: Nat West OD default

Well, they have passed it on to DCA - who have submitted a nasty letter

[natweststaffmember]

Re: Nat West OD default

Well, they have passed it on to DCA - who have submitted a nasty letter

Are you in financial Hardship?
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Which DCA as well?

[Dev1003]

Re: Nat West OD default

Yes very much so
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Triton

[natweststaffmember]

Re: Nat West OD default

Hardship Claims - Legal Beagles
The above link is to the hardship forum. Start a new thread and tell us what you have done so far.

Triton---pmsl, NatWest in house debt collection agency. We will sort them out as well.

[Sapphire]

Re: Nat West OD default

If you consider yourself to be in hardship, then have a read of this guide and decide whether you meet the criteria needed to do a hardship claim Guide to Claiming Hardship - updated February 2009 - Legal Beagles if you do decide to proceed then post everything up on here and we can assist you, and we will change your thread title to a hardship claim too.

[Dev1003]

Re: Nat West OD default

Many Thanks for this - will keep you posted

[Amy]

Re: Nat West OD default

Let them sue you for the £3k overdraft (which they won't), but if they do you can then counter sue for the charges.