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Hello,
I was hoping for some help on making a request for my credit card balance to be cleared, I have heard wonderful things about this site and I have done searches on this forum to try and work out what I need to do, however I find all this stuff mind bending! Would you please help me in terms of step by step instructions as I don’t want to send letters that don’t apply or will make me look as if I don’t know what I am doing!
My CC agreement was taken out on the 11 September 2003, I have an outstanding balance on this card of £5,161.40 I have ask them to freeze the interest on the 12 Aug 2007 which they did and I was making repayments of £40 a month, however they have now started charging interest on this account again and my minimum repayment is now£103.59 and the estimated interest is £111.90 HELP!
I really need help with this as I simply can’t afford this, I had this credit card when I was married and having 2 incomes and making repayments was not a problem.. However I am now divored and as a single mother with 4 kids I am finding this very hard to make the repayments and finding it very stressful, further more I feel that I will never be able to clear this debt.
So if anybody is willing to help me step by step I would be truly great full
Thanks
Lyndsey
secondly how do you currently pay them? if by direct debit then cancel it and set up a standing order for £1 or for whatever you feel comfortable with.
if after 12+2 days they do not reply to your cca request then you can withold payment until they do
PGH7447
Getting There Slowly
---------
Advice is given freely but is in no way meant to be taken as Gospel
Re: Nedd help with llyods credit card pre april 2007
Thanks for the quick reply,
I havent sent a CCA however I have just filled out this template and will post it today.
When you say do not sign, do you mean do not send signiture required, but send recorded delivery?
I do pay by S/O but as it is only £40 pounds it is not going to meet there minimum repayment, which is £103.59 and then I will end up paying less than the intrest!
I would suggest that you write to the bank and tell them that you can only afford x amount and that adding interest is not in any way shape or form helping the situation, what will happen is that they will in the end issue a default notice then pass the debt onto a DCA at which point the interest if not part of the t&c's will cease.
did you have any PPI on this account or are there any charges you can claim back
PGH7447
Getting There Slowly
---------
Advice is given freely but is in no way meant to be taken as Gospel
Re: Nedd help with llyods credit card pre april 2007
Hi, what is PPI? I guess you mean personal payment insurance and if that is the case, no I dont, by writing to them and them passing it on to a DCA will this mean I wont have a case to try and get the card balance removed?
Re: Nedd help with llyods credit card pre april 2007
I mean if I write a letter to Lloyds and tell them I can only offord to pay £40 a month, and then then pass it to a DCA, will this mean that it will be harder for me to try and claim and get the balance removed?
Re: Nedd help with llyods credit card pre april 2007
you may find that the offer a Full and final at less than what you alledgedly owe, you may find they dont have an agreement worth its wait in doggy poo - so there is no alledged debt to pay anyway
swings and round-a-bouts, even if you stick to what you are paying now, the bank wil eventually write it off against tax and sell it on anyway
PGH7447
Getting There Slowly
---------
Advice is given freely but is in no way meant to be taken as Gospel
Re: Nedd help with llyods credit card pre april 2007
moved to the llyods forum
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Nedd help with llyods credit card pre april 2007
on the 12 Aug 2007 which they did and I was making repayments of £40 a month, however they have now started charging interest on this account again and my minimum repayment is now£103.59 and the estimated interest is £111.90 HELP!
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Re: Nedd help with llyods credit card pre april 2007
will this mean I wont have a case to try and get the card balance removed"
