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djsherly, I have some empathy because I have, in the past, had enough cash sitting in my account that I wouldn't have noticed whether my payments had gone out or not, and I only check statements to make sure that my income has come in, and that I authorised the payments that have gone out. But I don't check that all the payments I'm supposed to make have gone out, if you see the distinction. After I've set up direct payments to debtors, it's their problem to make sure they're getting paid, as far as I'm concerned!
So I do know where you're coming from, but I don't really see what you expect the lender will do to assist you. It's annoying, but you surely don't expect them to say that you don't have to make the payments.
I put in the LOL at the end of my last post because I'm not holier-than-thou about it at all; I've been in a similar situation in the past.today I am in a financial position worse than what would have been the case had the payments not ceased.
No. What I think I will be saying to the lender is that under the terms and condition of the loan, a missed payment is an event of default under which you are to advise me and give me 30 days to rectify. In not doing so, you breached your agreement with me. If it was your decision to cease taking payments, then you have also breached your contract with me by not notifying me 30 days in advance of that change. I will also note that a bank's customer has no general duty to confirm the veracity of statements sent to them (Tai Hing Cotton Mills) and I will ask them what they plan to do about this situation.
Finally, if some mistake in your system has caused the payments to stop, then is that not an act of negligence on your part?
I appreciate everyone's point of view, but the general holier-than-thou attitude from some doesn't really add to the quality of the conversation. This final comment is not directed specifically at the poster to whom I reply. It's an expression of my general frustration with the quality of (what is generally good) responses generated by discussion here.
What a sorry world this world would be if we simply accepted things as they are or didn't bother to do anything. I don't know what to expect from the bank but if you think it's not worth asking the question....Blah blah blah blah. You versus the bank and its silks. Good luck.
I won an argument with a bank about interest charged - to the extent of about $1,000, 15 years ago - by taking a print-out of an Excel spreadsheet into my local branch and showing it to the branch manager. So I think it's worthwhile at least asking the question; banks aren't always so intransigent as many people - including Hooray, obviously - might think.I don't know what to expect from the bank but if you think it's not worth asking the question....