Lloyds Business Account

[dave121]

hi is it a ltd co? i am guessing not

regards dave

[eastendboy]

Hi tiaposy, the bailiffs wont be around unless the courts send them, NOT the DCA's regardless of what they might think of their powers.

 

You could send Westcott a CCA request and you could also S.A.R. the OC to find out exactly how the balance is made up. Once you have that and the properly executed CCA (assuming they have one?) then you can decide on your way forward, especially if you are thinking of the mortgage later as well.

 

Start off with the above and then come back to us when you have some replies.

[tiaposy]

Dave- yes we are ltd, however we had to sign to guarantee the loan & overdraft and as my husband signed first, they are coming after him.

Eastendboy - I will do that.

Thanks for your replies

[SHELBELLE]

Hi Tiaposy

 

I too have a similar business problem, and I sent a S.A.R. and was told it was not valid for a business account, only a personal account.

 

I would like to know if LLoyds fobbed me off or that a SAR is valid for a business account.

 

My complaint is now with F.O.S..

 

I am sure I will be posting in the secured loan section, just a thought are you in the right Forum??

 

Can anyone help??

 

Cheers

 

S.B.X

[palomino]

I believe that, in a Subject Access Request, the subject is a person not a corporate body. The Data Protection Act (which is the legal basis for the SAR) is all about personal information.

 

Perhaps you could contact the Information Commissioner's Office for a definitive ruling.

[tiaposy]

There must be a way to get these. They stopped sending statements too and I need copies of these for my account.

[tiaposy]

We are currently fighting against Westcott for a Lloyds debt. We were in business, as a ltd co. and had to sign as guarantors for the overdraft. I asked them for a copy of the agreement which they have sent, but I am not sure if it is valid - i.e. there is no amounts, interest rate etc.

 

The amount on there is for £8k. They made us take out a £5k loan to pay off the o/d at the time. Everytime we changed the o/d amount, we had to sign a new agreement.

 

Can anyone help

 

(By the way, most of it is bank charges, however I don't think I can get these back now)

 

Thanks

[tiaposy]

Hi

 

Currently our ltd co. account has been transfered to Westcott credit. There is an amount for a loan and also overdraft (which is mainly made up of bank charges)

I wrote to Westcott to try and delay payments - I do not dispute we owe the loan money, however they have lumped the amount together and I am trying to find out how much of each (loan/charges) so I can agree a payment for the loan and hopefully stall the charges so I can claim them back at later date.

They have sent me a copy of the signed guarantor agreement (they are pursuing my husband for this debt) but I wanted a copy of the signed loan agreement (hoping they couldn't find it actually!)

 

After Westcott faffing about for ages, we got a letter this morning stating:

Limited Company Business loans do not fall under the consumer credit act. Therefore, there is no requirement to supply you with a copy of the agreement in this instance. You have only agreed to stand gurantor to indemnify £8k of the outstanding balance owed to our client.

 

Is this correct? How can they lump them together when they were 2 different things?

 

Any help really appreciated

 

Thanks

[tiaposy]

bump

[tiaposy]

Can anyone help with this - I really do not have £5k to give them!

Thanks

[smouk]

They have sent me a copy of the signed guarantor agreement (they are pursuing my husband for this debt) but I wanted a copy of the signed loan agreement (hoping they couldn't find it actually!)

What was covered by the guarantee?

[PGH7447]

I bleieve they cannot "Lump" the 2 together, I would send them a sar demanding a statement of accounts to see what they have been doing.

 

As for the CCA Request I am not sure on business loans but I am sure someone on here will be, if you do not get an answer click on the triangle symbol to alert a mod who may be able to help

[tiaposy]

Hi

 

I will look at guarantee tonight.

I didn't think they could lump them together. They say the guarantee was for £8k and they seem to have put the overdraft in there too. It is mainly made up of charges that I would like to try & claim back at some point. Doesn't seem fair. As I said, I know I have to pay the business loan back, just trying to delay at mo.

 

Thanks for replys