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Hi dolphin....If you attempt to cancel a direct debit for your mortgage with the same bank...it will be flagged on a daily report. I would withdraw any cash you want to keep.... straight away. Put it aside for your daily living expenses or just to give yourself time to think. Then go to your bank and make arrangements regarding your mortgage.Thanks for the reply Greta, the mortgage is with the same bank as the account but i presume that from what your saying that they are seperate entities? i.e current account banking and mortgage bank?
Do you know what the process will then be with arrears in my situation? Will they contact me by phone or letter? A business team within the bank seem to manage my affairs, when i contacted the mortgage department before i was told i had to contact the business team who overlook the company i work for affairs. I once got a call because one of my personal accounts was overdrawn €15 !
Hi ANN1
Thanks for the advice, no point it sitting there in full view in my account.Thats very true, i will do that - take the cash out. I don't want to screw the bank but at the same time i don't want my family going hungry. I have experienced it in the past before and its really painful when you don't have a bean. I do intend to catch up on payments and will work with the bank but can't be left out high and dry for the next 2 months.
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Also recommend that you do the money makeover thread.
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