A friend of mine has a debt of 17k with an Irish bank.
They subsequently lost their job and like many others have no way of paying back X amount the bank requests each month. They have still been making payments but not the amount that meets the banks requirements.
Yesterday evening they showed me a letter of demand they received from their bank branch. It was quite shocking to say the least; it albeit said that every aspect of his daily banking with the said bank would be sabotaged and whatever credit they have in other accounts will be seized by the bank.
Can a bank do this or do they need a court order?
They subsequently lost their job and like many others have no way of paying back X amount the bank requests each month. They have still been making payments but not the amount that meets the banks requirements.
Yesterday evening they showed me a letter of demand they received from their bank branch. It was quite shocking to say the least; it albeit said that every aspect of his daily banking with the said bank would be sabotaged and whatever credit they have in other accounts will be seized by the bank.
Can a bank do this or do they need a court order?