lloyds bank and our Accounts

[lady1947]

Hi , Im hoping you can help me , I have two loans with lloyds tsb the amount is £14000, which i am struggling to pay , my husband has a loan of £ 7.000. We are both on pension credit so money is a bit tight , the question im asking is Can my husband transfer his loan to my account so we can combine the loans to one . I hope this makes sense to you ? Thank you Sandy

[blueda]

Hi Sandy, i doubt if your husband can transfer his loan to your account, how old are the debts ?.

Edited April 5, 2009 by blueda
spelling error

[lady1947]

Thank you for your reply , My husband took his loan out 3 years ago , and i took mine out 4 years ago

[blueda]

Hi again Sandy, you could write to the creditors and explain your financial circumctances and ask for the interest to be stopped , and for a reduced payment amount to be arranged. There is a letter template on the following link.

http://www.consumeractiongroup.co.uk/forum/generel-debt-issues/20758-creditors-dcas-letter-templates.html

[blueda]

Hi again Sandy,use template letter C, regards David.

[lady1947]

Thank you David Im sorry if im a bit dumb , what do you mean a token payment or no payment ,

[blueda]

Thank you David Im sorry if im a bit dumb , what do you mean a token payment or no payment ,

A token payment, a much reduced sum to show the creditors that you are willing to pay them , but not an amount that you cannot afford .

[lady1947]

Thank you very much for your helpfull advice David , kind regards Sandy