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?!?!?!?!?
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?!?!?!?!?
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