Halifax wont let me retain original terms.

[Its WAR]

My current account is now subject to the new charging regime. I have asked to close the account. Halifax insist the new terms will apply and refuse to allow me to pay off the account under the original terms.

 

Whats my next move?

[gemmabe]

Am in the same position. Today have noticed on 31/12 been charged interest only though, presumably that is November interest but expected the £1 a day charges to be added on 31/12 for 6/12 to 31/12 inclusive also, so a bit confused.

 

I have stopped using the account and waiting for a reply to my letter asking to allow me to repay the overdraft under the original terms. I don't intend to send them another penny until then. I have told them in no uncertain terms that I will NOT be paying any such "new" charges, only the £1500 overdraft plus interest. I think my offer is reasonable.

 

They have already received a LOT of interest from my overdraft over the years and I wish I was in a position to repay it immediately but given the economic climate and the one month's notice this is not possible and I am sure many others are in the same position as me - after all, if I had spare cash sitting somewhere I would not be using the overdraft in the first place!

[Its WAR]

But what do we do?

[gemmabe]

We have to fight! Just need to work out how...

 

Yesterday got a fob off letter saying they refuse to discuss this matter with me anymore

 

There needs to be more publicity so everyone who is unhappy about this must tell everyone else. We can't stay silent. I know this is just Halifax but surely other banks will follow their example eventually.

 

I did get a reply from my MP last month so it may be worth writing to him and letting him know the recent developments.

 

I am completely stuck because I miss the features of my Halifax account, and was otherwise happy with them but I refuse to pay double what I was paying. And although I wish I could pay my overdraft back in full right now, I can't and am sure very few can, however there is no incentive to pay it back slowly because whether I am overdrawn by £1500 or £100 the cost to me is the same! It is simply ludicrous.

 

Anyway that is my rant for the night, I shall pour myself a large glass of wine and ponder over where to go from here.

[Its WAR]

Halifax letter says they will be charging me £52 (£2 a day). I felt forced to pay in £700 to get them down to £1 a day.

 

I have now had their final response. I will write to FOS soon.