we have received a letter from our bank

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canary joe

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Post by canary joe » Tue Aug 10, 2010 8:04 pm
we have received a letter from our bank advising us that we have 14 days to pay our overdraft of £2700 or they will take action against us.(baliffs,courtetc).We informed them of our present financial position (dire)including all available facts and figures.They said that this was not a satisfactory situation.Any information gratefully excepted.
 
 

MelanieGiles

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Post by MelanieGiles » Tue Aug 10, 2010 8:47 pm
Do you have other debts that you are struggling to pay on top of this Pete? Which bank are you with?
Regards, Melanie Giles, Insolvency Practitioner
 
 

canary joe

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Post by canary joe » Tue Aug 10, 2010 9:02 pm
hsbc is the bank and yes we have other debts which we are paying.We have been paying other creditors with various amounts as agreed with them.We are looking at doing an iva in the not to distant future.
 
 

kallis3

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Post by kallis3 » Tue Aug 10, 2010 9:09 pm
HSBC were one of our creditors, an overdraft, credit card and loans with them and they never took any action against us at all.

I think you should give one or two companies a ring for some free and impartial advice.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

dw1983

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Post by dw1983 » Tue Aug 10, 2010 9:37 pm
Same with me hsbc is a creditor they are terrible at sending letters though and phone calls non stop and always an overseas calls centre
Iva completed
 
 

MelanieGiles

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Post by MelanieGiles » Tue Aug 10, 2010 9:41 pm
I would definately take some professional advice if you are considering offering an IVA to your creditors. Your chosen IP will be able to then deal with this bank letter for you.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Shining

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Post by Shining » Tue Aug 10, 2010 9:46 pm
If you've not already chosen a company why not take a look at www.iva.com for a list of companies and some reviews, always contact 2 or 3 and take case specific advise from them on all debt solutions suited to you. All the best x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Adam Davies

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Post by Adam Davies » Tue Aug 10, 2010 10:15 pm
Hi
Speak with a couple of companies/experts and explore all options.
Have a look at the Co-op Cashminder account and move banks asap
Regards
Andam Davies
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