I am currently in court proceedings with Natwest claiming back Bank Charges. I currently have a loan with them. If i win the case will they demand me to pay the loan back in full and close my account? Please help me x
2007-02-26 08:57:50 · 7 answers · asked by I love Kyah and Clark 1 in Business & Finance ➔ Personal Finance
No they are not supposed to do this under the OFT guidlines, but Banks have been known to play dirty.
2007-02-26 09:06:43 · answer #1 · answered by Leo 4 · 0⤊ 0⤋
If the bank charges are to do with your current account and not your loan then they shouldn't do this. Plus, your loan has its own terms and conditions and duration - which I doubt they could alter simply because you have questioned their charges.
Even though there is a possibility they could close your accounts if you won, it is highly unlikely, and very bad practice!
2007-02-27 06:29:09 · answer #2 · answered by David S 1 · 0⤊ 0⤋
Hi there,
Did you not think about your loan before you started court proceedings? Have you read the small print on your loan? You need to see your T&C's before continuting with the court proceedings. Send an email to that money saving expert guy, he is better to advise on this
Good luck
2007-02-26 09:09:25 · answer #3 · answered by Yoga Wifey 3 · 0⤊ 0⤋
Not sure about that but good for you. Having to take them to court is bad enough, how did it get that far?Maybe if you go to Martins Money on the web there may be some answers or they may have some ideas, Good Luck.
2007-02-26 18:09:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
As long as you have not defaulted in payment of your loan, they can not demand immediate payment, but they can give notice to close your current account.
2007-02-26 19:20:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
As long as your not in arrears with the loan payments.
If you are they will take what they can get there hands on.
2007-02-26 10:49:55 · answer #6 · answered by carole p 1 · 0⤊ 0⤋
they could but you can hold them to the repayment schedule as it is a contract and if they ask for payment if full they would be in breach of contract (unless you have fallen behind with repayments)
2007-02-26 09:42:52 · answer #7 · answered by minty359 6 · 0⤊ 0⤋