Originally Posted by
XRdodgybird
Halifax are great for it..... purely my own fault one year but went overdrawn on too many occasions for their liking and had a few charges here and there...... I sold my house in the October and paid in £13k........ in the November they "reviewed" my account and knocked my account down from a switch to a solo account.... no cheque book, no nothing....... even when I paid nearly double in to the account the following month due to an inheritence..... I still had to wait 6 months for them to "review" and reinstate my account.....
They done that to me a few years ago!!! Back in 1999 I was earning under the £1000 a month take home limit to keep a current account so they cancelled my account for a solo card account!!! Took 2 years to get it back!!
Originally Posted by
Rich170
I don't really understand it. You're not loosing it as its not your money in the first place, surely its up to the bank weather they decide to lend you £900 of their money isn't it?
Yes i am loosing money because i was living in the overdraft
What dont you understand???
Youd be pretty pissed off if they cancelled your mortgage and demanded £80k or threw you on the street wouldnt you?? Im sure most people with credit cards would be pretty upset if the card got cancelled suddenly and the bank cleared thier account out to pay it off without permission.
I dont see the difference here. I had an agreement which they terminated with NO notice. you cant reasonably expect someone to suddenly be able to absorb a £900 bill suddenly one month with no notice.... even seriously well off people can rarely afford that.
Had they given notice like 3 months your overdraft will expire, then fair enough.
yes technically all credit agreements state how they can terminate it with no notice etc but nobody can reasonably expect that to happen or you would never take out a loan/credit agreement as you could never afford to just in case they took the money back off you.