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.
I had a loan and an overdraft with Lloyds TSB, dating back to 2001/2002 respectively. I have not actively used these accounts since this date either.
Lloyds seemed to have opened a whole new account and combined these two amounts into one for collection. Surely this is not allowed, as I have not signed an agreement to open a new account. It seems they are still accruing interest too.
I was also given some advice that most debts can be written off after 6 years anyway. Is this true?
Re: Can Lloyds Bank do this or can I write it off.
I'm pretty sure that after six years, and as long as you haven't acknowledged the debts in any way, they are statute barred and they can't collect on them.
Only a relative newbie on here myself so can't be relied on 100% - hopefully someone with a bit more knowledge will be along soon to advise for sure.
Can Lloyds Bank do this or can I write it off.
with Lloyds
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