Default from debt made almost solely of charges

[j12345]

Hi,

I have a default of £500 for going £20.51 overdrawn in a current account. Is this legal considering most of the debts are charges?

I have a letter from NatWest saying that 'if you repay your spending of £20.51 and paid £60 towards the charges remaining amount of £470.29 would be refunded ' Therefore I have something where they admit that it is mainly charges.

This all happened over a year ago. I paid up the £80.51, but I have checked my credit rating just now, and they have defaulted me for £530 (the default was from a year ago).

I would like to state that this account is now closed, and I have written to NatWest with the above info in mind and they said:

I note your comment that the debt that the default relates to was made up of charges, as previously stated I a letter to you, the charges were correctly applied to your account in accordance with the terms and conditions. £530.29 for being £20.51 overdrawn?!?!?!?!?

[Kati]

Re: Default from debt made almost solely of charges



But ... surely if you have written proof they would refund the charges, they cannot then go back on their word and put a default on your credit file??

I'm sure there are more knowledgeable Beagles than myself who will come along and advise you (and enlighten me at the same time :tinysmile_twink_t2

Kati

[Amethyst]

Re: Default from debt made almost solely of charges

To be honest, a default of £5 is as damaging as a default of £500 on your credit file, so the amount doesn't make that much difference, if they corrected it to £80.51 it would still kybosh your credit file.

Presuming that is you paid the £80.51 after the account had been defaulted.

Has it been marked as settled now on the credit file ?

[j12345]

Re: Default from debt made almost solely of charges

Yes, its marked as settled, but surely they can't put a default on an account that is in dispute, that I was communicating with at the time regarding the debt?