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My wife had a old nationwide current account that was never used. In fact we have a joint account with them which we have held for 6 years. Out of the blue we received a letter from Lowell saying they had bought this old bank account from Nation wide with a balance of £436.50 in the red!!
Having never used it or heard anything for some years about the account it was a bit of a shock. So my 1st response was to send them a Limitation act letter as they have never wrote/rang etc about this account for as long as we banked with them.
Lowells replyed claiming nationwide had sent a default notice on the 5th of July 2006. If we had seen such a notice we would have gone to the bank to find out how the account was in the red when it was not in use. So my next step was a CCA request.....
Back comes a letter telling us that curent bank accounts are exempt from this act and they do not have to supply it. They are however digging up some statements so we can see what this is made up of. I'm not sure what our next move should be. Anyone else had this?
Having never used it or heard anything for some years about the account it was a bit of a shock. So my 1st response was to send them a Limitation act letter as they have never wrote/rang etc about this account for as long as we banked with them.
Lowells replyed claiming nationwide had sent a default notice on the 5th of July 2006. If we had seen such a notice we would have gone to the bank to find out how the account was in the red when it was not in use. So my next step was a CCA request.....
Back comes a letter telling us that curent bank accounts are exempt from this act and they do not have to supply it. They are however digging up some statements so we can see what this is made up of. I'm not sure what our next move should be. Anyone else had this?
