I sent a SAR to Lloyds as we have an overdraft debt we were paying through cabot

ive started to receive statements off Lloyds for loans taken out with them over the years

today received a cabot annual summary of my account for overdraft with

"If you don' not pay off the full amount outstanding ,we will allocate your payment to the outstanding balance in specific order,which is set out below.....

what do I need to do at this stage please what information do I need to get from the SAR do I need to post it?

Thanks

need to start splitting these debts off into their own threads now you have paperwork back.

go start one about this OD

and related the story there

I have had the SAR info bk from lloyds what do I need to do with it? Its a huge pile

penalty charges and PPI

I had a joint overdraft on a personal account of £5000 it was sold to cabot

I sent a SAR request to Lloyds and have just received lots of paperwork.

I have previously claimed ppi on any loans joint or separate with Lloyds,

I'm not sure where I go from here or what I need to look for in the paperwork.

Thanks in advance

Hi,

What is it your trying to claim ?

I wasn't trying to claim anything I was paying stepchange for considerable amount of debts most of which were bought by cabot

I did a cca for these and was told to SAR the bank overdraft

I don't know what the next step is that's what I'm asking where do I go from here?

look through the statements

look for PENALTY charges

ie for things like failed Direct debits

should be a fixed sum like £12 £20 £30 etc

i'e not a usage by you nor interest.

lets get an idea of how much of this +£4k is unlawful.

I have no penalty charges that I can see

I did keep getting charged interest for 2 years once i'd asked for the account to be frozen for the overdraft can anything be done about that?

until nearly the end it was managed well in so far as I didn't have any direct debits returned or anything sadly.

when I said I,d claimed the ppi I was paid out at 8%

my paperwork from SAR says the apr 9.96%

is there anything I can do on that loan?

No sadly

On a loan its rate means nothing toward PPI as such

PPI would have been front loaded i'e paid to the underwriters in one lump at the start see your statement the 1st one

It would then be a % of every payment

See the PPI stickies on the PPI forum homepage

To check they refunded properly

Though if there was a hidden commission under the new plevin case ruling they'll be writing to you soon!!

Hi just a quick update on this overdraft I keep getting calls from cabot and recently received a letter saying balance is due and it may be on my credit file etc

but you are not paying it are you and the default is over 6yrs old and has now already caused the account to fall off?

dx

not paying it no can i stop them calling?

just block them

most providers allow that now via their webportal esp sky

its like having your very own free truecall box.

ofcourse you know not toE VER EVER speak with them now.

hi this morn I have had a letter saying ive paid bank charges on the above old account that has been sold to cabot the owe me £145 which they will send to cobot to come off the debt , can i get this or if I acknowledge it is that like saying I owe the money will it stir things up if you get my drift?

Thanks

well they are notional charges anyway..you didn't actually pay them.

let it run

It was interest or charges so I leave it to pay off cabots debt?

you cant get it to you pocket

ok thank you was going to call but it has a number for cabot aswel as a number for lloyds so I was wary thanks!

You have got to watch this outfit. Recently, I had mega problems with then trying to sort out a mess for a close friend.

They allowed them to run up huge debts without checking properly that the friend had the income to repay. Friend is an OAP.

irresponsible lending claim Scania..Lloyds hate them.

Lloyds lent us thousands without checking we could repay also a charge on the property for a ltd company that we didnt understand at the time we cleared that and started a dmp years ago but with the help off here we have sar'd our loans and stopped paying.the phone calls had stopped and the letters until the bank sent this one now we are getting letters again.

DX. What can I do, if anything, about this irresponsible lending. LLoyds have virtually told me to go away and claim to have closed case.

The "Senior" I was dealing with transpires only to be a part timer and refused to forward my emails to the director I sent them too.