Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Lloyds have agreed to settle however with conditions attached.
I'm definatley not signing the confidentiality agreement.
1. If I agree to the banks request that my account is reviewed what exactly does this entail has anyone been to one of these "reviews?"
2. Also my conditions state that I must maintain my account within the current limit, and any new limit agreed with the bank. Obviously going to try to do this but what happens if I can't can they penalise me in any way?
3. Payment will be in Full and final settlement of this claim. Does this mean I cannot claim against LLoyds again - its just they've been applying charges on my account again and I want to claim the back!!
Sorry about all the questions but I've got this far and I don't really want to sign my life away now!! Do I really have to agree to all of these conditions?
1) The 'review' request is a bit of misnomer. From most cases so far, it's basically been an opportunity for the branch manager to sit and look confused as to why he's in an interview with you for half an hour. Seriously - a lot of cases have resulted in people arranging an account review to comply with these terms, followed by a half hour of thumb twiddling and staring at the wall with the account manager not having the foggiest you've just reclaimed £xxxx in penalty charges.
2) Your T&Cs will have a clause stating that 'if you are deemed to be an irresponsible account holder we may terminate your account with 30 days notice' which is, unfortunately, legal. It's this clause that the banks have been using to close accounts in retaliation. However, more likely than not absolutely nothing will happen - as someone has mentioned elsewhere, Lloyds cannot really afford to close the accounts of 10% of their customers.
3) As long as it says "Payment will be in Full and final settlement of this claim, there's absolutely nothing stopping you from issuing a new claim in future - obviously, as long as it's not for the exact same payments you've had refunded!
Lastly: You don't have to agree to any of the conditions. It'd be worth your while to take a look at mjanet's Lloyds thread, and the letters she wrote in response to the settlement offers.
Advice & opinions of reload are offered informally, without prejudice and without liability. Please use your own judgment. Seek advice of a qualified insured professional if you have any doubts.
First of all, you're best off starting your own thread to log your progress and ask questions - it'll be easier for you and us to keep track of it, that way.
To answer your question though - make it payable to "Lloyds TSB Bank PLC". You don't need to write anything on the back.
Advice & opinions of reload are offered informally, without prejudice and without liability. Please use your own judgment. Seek advice of a qualified insured professional if you have any doubts.
Few questions
have agreed to settle however with conditions attached.
settlement of this claim. Does this mean I cannot claim against LLoyds again - its just they've been applying charges on my account again and I want to claim the back!!
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