Scared I've Blown It

[Skippy]

After reading Dominic's post about closing an old bank account, I logged onto my old Natwest online banking to make sure that mine had been cancelled. The bank accounts and loan have disappeared, but my Natwest credit card is still showing as active, even though I cut up the card and returned it to Natwest - I didn't owe any money on it.

The problem is that £1.96 has been taken off my credit card on 10th November, apparently for Ebay fees. I have checked my Ebay account, and I cannot find any payment for that amount so I really don't know what to do. I am going to phone my IP first thing tomorrow, but I'm now terrified that my IVA will fail and all because of £1.96. I also don't understand why Naywest haven't cancelled the credit card.

One down, fifty nine to go until freedom!

[Dominic]

The IVA has been accpeted right so they must have known about it.

[Skippy]

Natwest were my biggest creditor and voted in favour, so I have no idea why they didn't cancel the credit card. I have emailed Ebay as well, as I had a problem with my account a few weeks ago. Hopefully it can be sorted out - surely they wouldn't make me bankrupt for £1.96?!?

One down, fifty nine to go until freedom!

[kezza]

I'm sure you will be fine skippy. New in IVA, misunderstanding and an oversight on Natwest's part. They should take responsibility for that surely!

[Dominic]

Yes i am sure Kezza is correct.

[Skippy]

Thanks guys.

Now I've calmed down I've realised that it's not in their interest to make me bankrupt for less than £2 - they're the ones who will lose out in the end as they will get a lot less. I'll pay the £2 if it comes to it!

One down, fifty nine to go until freedom!

[Dominic]

thats right Skippy, and i am sure my old bank will close down the account as well.

[Skippy]

Well I've spoken to my IP, and as it's only £1.96 I have nothing to worry about! I have also spoken to Natwest, and I have to dispute the payment with them before they can close the account - it seems daft, but I don't want to pay it as it looks as though I'm admitting to using the account. This will all take 2 or 3 weeks, so I'm probably looking at the New Year before anything is solved! Oh well, better to be safe than sorry.
Thanks for putting my mind at rest yesterday - I don't usually panic, but I didn't want to be the first person to be made bankrupt for less than £2!!!

One down, fifty nine to go until freedom!

[iva experts]

Hi Skippy13,

I agree with your I.P you have nothing to worry about, I’m glad that everything is being sorted out.

Like you said in a previous post if you were to go bankrupt the creditors would potentially get a lot less. So it would be ludicrous for them to take you down that path all for £2.

In cases like these where you are uncertain about things do not hesitate to contact your I.P as soon as possible. They are the best people as they know the terms and conditions of your IVA.


Hope this information is of use

Regards. IVA Experts