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Scottish Trust Deed Forum
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Topic starter
03/06/2011 7:06 pm
On advise of my TD company I cancelled my Direct debits and changed banks, but I couldnt cancel my old account due to the overdraft.
I got a txt statement through this morning and LLoyds have taken out the loan payment (also Lloyds) from the account putting it into an unathorised overdraft
Should I contact the bank or leave it?
03/06/2011 7:11 pm
Hi newsm.
Assuming both accounts are in your trust deed this is a non-issue.
Lloyds are basically just moving their own money around the accounts.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
03/06/2011 7:31 pm
Thanks TDA, wasn't sure
04/06/2011 6:44 am
Hi newsm
This is fairly common. Once the bank are aware of the Trust Deed they will calculate the extent of any debt back to the date of signing and submit a claim for that amount.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
