@asklloydsbank LLoyds TSB OD balance in Scotland - just been sold - help

[j_tord]

would you say likely to give me the 40 days.....

[BRIGADIER2JCS]

Probably yes.

[dx100uk]

tough if they don't ignore them!!

 

 

a dca is NOT A BAILIFF

and have

NO SUCH LEGAL POWERS

 

 

dx

[j_tord]

An overdue update.........

 

Got my response from Lloyds.

 

I was hoping to find a statement showing that when they closed my account , which the overdraft was on, the money that was actually in the account (£412), was not removed from the total overdraft balance.

 

Further investigation of the statements showed that it actually was removed, which wasn't good news for me.

 

The reason that the debt was so high...(£2580 when my limit was £2000)...was because of interest and charges.

 

Is there any legislation in existence that would allow me to remove all or some of this part of the debt?

 

 

As you can see I am fighting tooth and nail here to reduce the remainder of the balance (£710) so as to get it paid quickly and get the credit score/rating heading in the right direction.

 

Thanks in advance..........

[dx100uk]

the account should be off your cra file by now if the default had not been changed

 

so any balance would not show anyhow for mortgageapps.

 

as for any PENALTY charges since NOV 09

 

go use the BCOBS letter.

 

see the blue RBS link after clicking bcobs

 

dx

[j_tord]

thanks again...

[j_tord]

Struck a deal with Lowell to pay 600 out of the 710.....

 

They accepted but said it would be marked on my file as partially paid or something to that effect t.....

 

Could anyone elaborate on that.....

 

Is it not as good because I struck a deal.....

[fkofilee]

BAD IDEA!! if you have done it over the phone...!

And tell them you wont pay unless its FULLY Settled... No BS allowed.

[j_tord]

The account will be settled....and closed......is that not the same.....

[fkofilee]

No because it being Partially settled is almost as bad as it staying defaulted.

[dx100uk]

Struck a deal with Lowell to pay 600 out of the 710.....

 

They accepted but said it would be marked on my file as partially paid or something to that effect t.....

 

Could anyone elaborate on that.....

 

Is it not as good because I struck a deal.....

 

you might as well of burned that money more use to you.

 

PS is as good as a default

 

and it leads you open to pay the rest.

 

you've just been had

 

this is WHYwe say never ever pay a DCA

esp over the phone.

 

you've just paid for a few thousand more debtors to get the threats you did

by doing that.

 

in their pocket it goes.

 

dx

[j_tord]

Why......what will that mean for mortgage applications.....

 

Can it be resolved after a settled has been paid

[dx100uk]

you haven't settled it

 

you've partially settled it.

 

so which judge told you to pay this sum

and that you actually owe anything to a DCA?

[j_tord]

I haven't actually paid anything yet mate......thank god......

 

So paying it off in full is the best idea with regards how I look for mortgage applications.....

[fkofilee]

Yes , but youve played right into their hands now... :/

We dont mean to judge or criticise... We want to help... But giving Lowell money means youre going to shoot yourself in the foot.

If they wont FULLY settle for less then what they have on the books then they can go F*** themselves...

 

Its simple... because of the type of debt it is... I would do a F+F settlement of 15% and if they decline, work your way up the ladder by 5% (Do this all via letter)

We are looking out for YOU on this one

[dx100uk]

no!!

 

the debt will now be GONE

 

it was defaulted dec 2007

 

its now jan 2014

 

go look at your cra file

 

its GONE!!

 

dx

[dx100uk]

I take it you've been talking on the phone to lowells?

dx

[fkofilee]

Oh god DX is right!!!

 

If Lowell dont remove it then complaint as it will be past the 6 year stage and MUST be removed by law!

[j_tord]

I still need to go back to experian and check my file.......

 

The last report I got showed Lloyd's and no Lowell even at the time they were in contact.......however I was of the belief this was because of a delay in updating the file.......

 

 

I spoke on the phone this evening as I was ready to pay the 600 so didn't think there was a reason not too.....,

 

Was this bad.......

[dx100uk]

yes

a dca are NOT BAILIFFS

they have NO SUCH BAILIFF POWERS.

 

bet they told you all manner of rubbish...

 

like you nan's budgie will be be kidnapped?

 

dx

 

 

dx

[j_tord]

I am in a position to settle it all.....I just don't want to......hence the 600.......

 

But I'm questioning whether they should get anything if as you say I can confirm no default on my cra.....

 

What should I do.....

 

Thanks guys.....

[j_tord]

I have never actually spoke with anyone till tonight so they have been OK in that sense......I managed to stall the account with the SAR so no bull**** stories from them so far....

[dx100uk]

you do not need to pay this off..END OF!

 

you MIGHT owe 'something'

but you NEED to get ALL the statements

to then turn around to lowells and say

£XX is all you are going to get.

 

AFTER we've removed all the PENALTY charges & the interest these caused you.

 

dx

[j_tord]

After looking at the sar I confirmed that the amount was correct......so that's what I owe......

 

I just checked experian and I have no outstanding accounts, which is great, however I also have no settled accounts, which is a negative factor.......

 

Can I say to Lowell your getting nothing now......?

 

If I do settle it, what effect will this have on the credit report......?

[dx100uk]

NONE it does not show!!