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TSB Visa put hold on TSB Current account

  • 24-09-2007 4:40pm
    #1
    Wookie5
    Registered Users, Registered Users 2 Posts: 19 ✭


    After missing a number of payments to my Visa card they put a hold on my account..Got nothing in writting tell me they where goin to put the account on hold? Is this legall? I missed 6 payments due to time in hospital.


Comments

  • #2
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,561 Mod ✭✭✭✭johnnyskeleton


    Contact a solicitor or the Financial Regulator.


  • #3
    Victor
    Registered Users, Registered Users 2 Posts: 78,647 ✭✭✭✭Victor


    Is it a current account or a credit card account?


  • #4
    Rhonda9000
    Closed Accounts Posts: 451 ✭✭Rhonda9000


    It seems standard practice to temporarily hold any customer assets (inc. other accounts) at the bank when they become a credit risk / have a bad debt. I would say your contract 'rubbish' probably contains authorisation to this effect.


  • #5
    Wookie5
    Registered Users, Registered Users 2 Posts: 19 ✭Wookie5


    Seems after contacting Irish Financial Services Regulatory Authority that this is standard practice and they are well within there right.. After 12 years with them I closed my account.. this was the only time my account feel into arrears due to time in hospital..really pissed me off no end.


  • #6
    Our man in Havana
    Closed Accounts Posts: 29,472 ✭✭✭✭Our man in Havana


    It is typical practice of TSB I am afraid, they are well known for their no holds barred approach to debt collection.


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  • #7
    johnnyskeleton
    Moderators, Entertainment Moderators, Politics Moderators Posts: 14,561 Mod ✭✭✭✭johnnyskeleton


    Bond-007 wrote:
    It is typical practice of TSB I am afraid, they are well known for their no holds barred approach to debt collection.

    To be fair, all banks can be pretty ruthless in getting their money. I believe that sub-prime lenders are worse as they have less security (and more troublesome customers).


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