New Terms/conditions From Lloyds Tsb Read Very Carefully

[bach]

Has anyone recieved important information leaftet from Lloyds TSB Credit Card

New conditions to credit card from 30th March 07

Loads of changes but in particular under
My Personal data and Lloyds TSB

We have changed the way that your data an be checked and shared by credit reference and fraud prevention agencies. The new sections of our personal data notification are:
I (meaning us) agree that credit reference agencies may form a lkink in the records they hold about me (us) between any previous or subsequent names that I use. I (us) understand that if false or inaccurate information is provided and fraud is identified, details will be passed to fraund prevention agencies. Law enforcement agencies may access and use this information (OKAY)

You (meaning Lloyds TSB) and other organmisations may use credit reference agency and fraud prevention agency records about me and PEOPLE financially linked to me, and others in my household to help make decisions about me (meaning us) and them

1. for credit and credit related services and to manage my account

2 for checking detsails on proposals and claims for all types of insurance.

3 for fraud prevention debtor tracing debt recovery and to check my identity to prevent money laundering

4 for checking details of Job applications and employees

You (meaning them) may access and use from other contries the inform,ation recorded by fraud prevention agencies.

IF WE DO NOT PAY OUR CREDIT CARD ON TIME THEY say
You (meaning us) AUTHORISE THEM TO MAKE ANY PAYMENTS DUE TO THEM UNDER THIS AGGREEMENT FROM OUR CURRENT OR SAVING ACCOUNT WITH LLOYDS TSB SCOTLAND PLC INCLUDING JOINT ACCOUNTS.

Can they alter TERMS AND CONDITIONS WITHOUT YOU SIGNING TO AGGREE TO THEM??

LYNN

[Spiceskull]

They can and do - it is a principle called "acceptance by conduct" - check my own threads on how to combat this.

In a nutshell they are giving you 28/30 days notice of the change to the terms and conditions. You can write back and say that you do not accept this amendment and see what happens - it is likely that they will say that they no longer wish to do business with you.

However, to do nothing, but to continue using your account in a normal fashion, would indicate acceptance on your part. You do not have to accept in writing, merely continuing the arrangment is sufficient enough.

The alternative is to send an alternative amended term yourself, with a notice period of 28 days, and in your favour. Again, if they do not accept in writing, but continue operating the account as normal then they will have been deemed to have accepted the amended term...

[southyorksman]

They did this to me with my lloyds TSB Credit Card.

When I signed up there was no link between my credit card and my bank account, then in 2005 they inserted a clause with allowed them to recover any arrears from my lloyds TSB current account.

They never drew my attention to it at the time as they snuck it in when they sent me my new "Chip and Pin" card.

I've currently got a Solicitor contesting it for me as I beleive it breaches at least 3 laws.