What is the right to `set-off’?
If you owe your bank money, let’s say on a credit true religion card, and you also have an account with it that’s in credit, it has the right to simply use that money to pay off the debt.
It means people who have Günstig True Religion Jeans Kaufen money put aside to pay priority debts can suddenly find it has disappeared, and they’ve no way to recover it.While it’s unlikely to happen to those who are flush, if you’re struggling financially then you need to be prepared.
Some banks put this right in their jeans terms and conditions; something like: “The bank may, without notice, set off a debit balance, or debit interest, on an Jeans Outlet Online account against any account with a credit balance or credit interest held by the same account.
Yet even if you don’t find that term in your contract banks have an automatic right to use the procedure.
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