Tweet
I have been searching the net for information on this Advance Account for several years. Hardly anything to be found. I remember that they wrote to say that they were withdrawing it.
Have now found the letter January 2011 "We are withdrawing our Advance product." withdrawn on 25 March 2011. But, in the same old briefcase was the original agreement from March 2003, all 5 pages. Including Barclays Advance Protection Guide to Insurance. (PPI)
I did reclaim PPI and they repaid it in full, directly to me. Never even a mention of setting off against the account.
The Advance account was very much a revolving credit agreement, much like a credit card, but linked to your current account, repayments were made by direct debit from current account.
The question is.
Is this agreement enforceable?
Will send to Niddy for evaluation.
Have now found the letter January 2011 "We are withdrawing our Advance product." withdrawn on 25 March 2011. But, in the same old briefcase was the original agreement from March 2003, all 5 pages. Including Barclays Advance Protection Guide to Insurance. (PPI)
I did reclaim PPI and they repaid it in full, directly to me. Never even a mention of setting off against the account.
The Advance account was very much a revolving credit agreement, much like a credit card, but linked to your current account, repayments were made by direct debit from current account.
The question is.
Is this agreement enforceable?
Will send to Niddy for evaluation.
) which says regulated under the CCA etc and it was set up as a fixed maximum sum (ceiling) of £5k with payments of £200 per month credited from my current account by SO. It had a chequebook facility so the balance would go up and down according to use (like a credit card) so it was not a fixed sum loan.
Comment