GDPR Cookie Consent by SimpleServe Privacy Script Parachute account, switching worry - AAD Consumer Forum

Announcement

Collapse
No announcement yet.

Parachute account, switching worry

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
  • #1

    Parachute account, switching worry

    Hi all

    New here, and probably likely to start a few threads soon as trying to get myself out of trouble and all that.

    Anyway for now, i have like many got stuck in the payday loan hell with three PDLs. So this week i have been to Halifax and opened a new account (credit score must be better than i thought as current account easy! wtf).

    So i got my next wages confirmed as going into my shiny new Halifax account by my HR dept at work. My worry is when i setup the new Halifax account i agreed to a "switch" meaning they deal with Barclays (current bank) and move over DD and payments etc.

    Now after the moment i am sat here thinking "crap, what if the loan-shark payment authorities somehow get transferred over too".!

    So at Barclays i have 3 PDL owed money, havent defaulted yet (9days time). And of course sure i setup these continuous payment thingies when i signed up.

    Now i am worried when Halifax try and be helpful by switching everything for me (how kind) they will somehow move the dodgy PDL "help yourself" agreements too.

    Am i panicking or could they?
    ------------------------------
    WINJAS
    Pyrotechnical Guru
    (yup blowing shit up)
    Tags: account, accounts, bank, banking, banks, barclays, cancelled, card, cards, cash, cpa, debit, debit card, debt, debts, fine, firm, halifax, hbos, list, lloyds, loan, loans, loss, lost, money, niddy, online, overdraft, payday, payday loan, pdl, problems, quickquid, reclaim, refund, set off, statute, statute barred, switching, tsb, wages
  • #2
    Re: Parachute account, switching worry

    Maybe Mods this i should have put this someone in bank account topics?

    I just had another panic too!
    About 20yrs ago i owed Lloyds a couple of grand,and about 12-3yrs ago i owed TSB some cash too.

    Now having taken out a bank account with Halifax (Lloyds and TSB group)i am paranoid my wages one day might disappear to an ancient debt? Is this possible or paranoia!

    I have no details of those old debts, never heard from either in probably 12+ years, nothing on files about them at all so assume there long dead and buried. But i am of paranoid personality and now im laying here trying to sleep thinking "oops my new bank account is part of lloyds TSB!!"
    ------------------------------
    WINJAS
    Pyrotechnical Guru
    (yup blowing shit up)

    Comment

    • #3
      Re: Parachute account, switching worry

      CPA's via your debit card are specific to the registered debit card. When you move they will cease to exist. Obviously when you close the other account clarify all future CPA's should be cancelled.

      If you're keeping barclays open then write in and cancel any CPA's and also report your card as lost. Say you got drunk and can't find it the day after. They'll produce a new card number then which cancels old CPA's that were linked to the "lost" card!
      I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

      If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

      Comment

      • #4
        Re: Parachute account, switching worry

        Regards the old debts they're statute barred so forget those. Dead n buried.
        I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

        If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

        Comment

        • #5
          Re: Parachute account, switching worry

          Originally posted by winjas View Post
          Maybe Mods this i should have put this someone in bank account topics?

          I just had another panic too!
          About 20yrs ago i owed Lloyds a couple of grand,and about 12-3yrs ago i owed TSB some cash too.

          Now having taken out a bank account with Halifax (Lloyds and TSB group)i am paranoid my wages one day might disappear to an ancient debt? Is this possible or paranoia!

          I have no details of those old debts, never heard from either in probably 12+ years, nothing on files about them at all so assume there long dead and buried. But i am of paranoid personality and now im laying here trying to sleep thinking "oops my new bank account is part of lloyds TSB!!"
          IN regards to the Lloyds question i had similar thoughts about a more recent overdraft debt with them from 2008 and have had halifax since then no problems with this.

          Key point is that although under same parent company they dont have ability to set off between group accounts (or didnt when i checked last which was may this year) so can only do lloyds-lloyds or halifax-halifax

          Originally posted by Never-In-Doubt View Post
          Regards the old debts they're statute barred so forget those. Dead n buried.
          Also as over 6 years they should have written it off by now as a business loss so i wouldnt worry about it (edit: add in quote and basically as Niddy said above)
          Last edited by kilasuit; 16 November 2012, 01:22.
          I am an IT Professional with a Background in most Microsoft Based Technologies. Currently Proud to Work at one of the Leading UK Universities. I have that Mentality of "If I can provide Useful Input - then I will Try my best to do so"

          Life is full of Ups and Downs. Shame it just aint simple.

          Comment

          • #6
            Re: Parachute account, switching worry

            Originally posted by winjas View Post
            Am i panicking or could they?
            Depends on the information you supplied to the PDL companies. Some use a 'belt & braces' approach to collecting money and ask for debit and bank card details so that if they fail to collect on the card then they will try a DD instruction.

            So if you only supplied your card details you should be safe.

            Which PDL companies do you have loans with? I more likely can tell you which companies have a dual approach!
            "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

            The consumer is that sleeping giant.!!


            I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

            If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

            Comment

            • #7
              Re: Parachute account, switching worry

              Thanks S&V

              How i got in this mess i never know, stupid fool eh, anyway...

              Wonga (520)
              Quickquid (518)
              PaydayUK (220)

              Thats what worries me if they setup a DD, and good ol Halifax being "helpful" thinks 'oh we must transfer this DD from Barclays to us for him'... /slaphead
              ------------------------------
              WINJAS
              Pyrotechnical Guru
              (yup blowing shit up)

              Comment

              • #8
                Re: Parachute account, switching worry

                You can also register for online banking for your Halifax account, check your DD's etc and manually cancel anything you don't want, of course
                I always do my own DD changeover...wouldn't trust Halifax to get it right so double check everything they do...been there got the t-shirt with that lot.

                Comment

                • #9
                  Re: Parachute account, switching worry

                  Yea i could keep checking online at Halifax for DDs etc, but the purpose of moving banks from Barclays to Halifax was exactly to "chill out" and not stress, knowing my cash was safely where the PDLs couldnt touch it..

                  You havent helped my paranoia Elsa.... hehe
                  ------------------------------
                  WINJAS
                  Pyrotechnical Guru
                  (yup blowing shit up)

                  Comment

                  • #10
                    Re: Parachute account, switching worry

                    Aww sorry hun...it's just that I detest Halifax, but I'm sure they'll do a fine job

                    Comment

                    • #11
                      Re: Parachute account, switching worry

                      When you transfer out the new bank sends a list of all DD's carried over so you can check them. The old bank will issue cancellation DD notices as they'll be cancelled against the old account; in favour of the new one; so you can check them then too.

                      You'll know exactly what's going on at all times. Or just call the hbos switching team. Ideally I'd call my old bank now and ask "please confirm what DD's & SO's are live on my account".....

                      Then you'll know. If they say "quickquid" then just say "oh, please cancel that immediately".

                      If for any reason one went through with the new bank you'd reclaim under DD guarantee meaning your bank refund you immediately and chase the originator for their cash back. You hold the trump cards. Remember that.

                      Stop worrying.
                      I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

                      If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

                      Comment

                      • #12
                        Re: Parachute account, switching worry

                        Thanks Niddy i wasnt aware how informed i would be along the way with the switch. Awesome.
                        I may call and ask them to be sure as you say.

                        You guys are great, think i shall like it here
                        Can i pull up a seat..
                        ------------------------------
                        WINJAS
                        Pyrotechnical Guru
                        (yup blowing shit up)

                        Comment

                        Previous template Next
                        Working...
                        X