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Bank Debt Recovery Department - what do they do?

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carocaro · 05/11/2010 21:49

Not sure where to put this, but had a letter from the bank telling us that they are going to close our accounts and transfer them to their debt recovery department. We are not sure if this means our loan, overdraft and mortgage, or just one of them.

We have been in the shit due to redundancy but have always spoken to the bank and paid what we can when we can and maintained a good dialogue with them.

We only just got the letter as we have been out all day; DH at meetings/job interviews and me at hospital appt with DS2. So now we feel paniced and stressed as we can't phone the correct bank department until Monday.

Anyone any advice or know about this sort of thing?

Am trying not to panic and cry.

OP posts:
Are your children’s vaccines up to date?
OldLadyKnowsNothing · 05/11/2010 22:41

Please try re-posting in MoneyMatters and/or CreditCrunch and/or Legal Matters where you might get a better response. Sorry I can't help any more than that.

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