Advice on a Consolidation Loan taken from Halifax

[Squeeky]

Hi All, I'd appreciate any advice here.

Last year I took out an unsecured loan for consolidation purposes with the Halifax for £20,000 to cover a Halfax Credit Card and Halifax Overdraft. While taking this loan out the condition of the underwriter to lend the £20,000 was that the Credit Card would be closed and the Overdraft reduced to £1000. Halifax said they would close these facilities. I agreed. These accounts were not closed and as my income reduced due to unforeseen circumstances I have stupidly slipped back into use of the CC and Overdraft.

I cannot meet the replayments on these now and I'm struggling. I have approached debt management firms, but wanted to check if Halifax shoulders any responsibility for allowing unrepayable levels of credit?

Thanks for any comments/advice....

Regards,

D

[strangewayofsavin]

Re: Advice on a Consolidation Loan taken from Halifax

Do you have written proof of the underwriters demands?

[labman]

Re: Advice on a Consolidation Loan taken from Halifax

Do you have proof of Halifax saying they would close the accounts?

[Squeeky]

Re: Advice on a Consolidation Loan taken from Halifax

Thanks for the reply.

I don't think so. Only the conversations. It was all performed over the phone.

They initially went to the underwriter an it was refused unless the conditions were met. They 100% said they would close/reduce the accounts.