Business account being classed as overdraft not covered by EU Directive

[Flim flam]

Hi all, I'm new please bear with me..

ive been looking at the threads regarding the CCA and the new EU directive, I've seen Diddys very good rebuttal in the sections concerning overdrafts, my question is this, is the HSBC commercial card an overdraft? because 1st credit says it is, and not covered , I have already asked for my agreement under the CCA regs, 1st credit say "as this is an overdraft they do not need to provide one"

the account was used for a business on a card payable firstly in full every month, and later as a credit card, I have all my SAR documents form HSBC in three big boxes.

Any Help. Much appreciated, thanks

[Never-In-Doubt]

Re: Business account being classed as overdraft not covered by EU Directive

Hi - I'm really sorry we've missed your post. My sincere apologies.

1st Credit are INCORRECT. It's a regulated agreement pursuant with CCA1974 whether 1st Credit agree or not.

If you've sent a CCA and the £1 fee they are in default so cannot enforce. If it was mine i'd stay quiet