@asknationwide Nationwide FlexAccount advice please help

[ArclightUK]

Hi all

 

I am doing this thread to help my wife - she had never heard of this wonderful site until meeting me

 

Basically back in July 2009 my wife stopped using her account, BUT a card payment was authorised by Nationwide to NEXT (the card was used by mistake) pushing the account over by £8.19 (the limit was £350)

 

The account has had charged against it interest and unauthorised overdraft charges since then and now stands at: £541.30 that is charges of approx £182???

 

We never got any letters about this, and as far as I am aware received no statements until they started chasing for the money.

 

They have now contacted us saying the following:

 

1: They will accept a one off payment of £363 (to be paid in 7 days)

or

2: Will accept a payment plan - for the full £541.30 if we fill in a Statement of means (we have no money and I mean NO money)

 

What should our next move be??? I cant see how its fair they will accept a payment plan, but will not remove the charges

 

Please help

Thanks

[dx100uk]

typically with the balance being mostly charges

and the fact they are offering a discount

they'll go nowhere near court

 

you might find BCOBS useful in this instance

 

dx

[ArclightUK]

Thank you.......may I ask what a bcob is??

[dx100uk]

hold on the word bcob

 

dx