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    • The OD was dropped and Wescot/Cabot sent the letters regarding the loan. I thought by starting a new post I would be giving the correct info. As Cabot quote account numbers, duration of loan, and credit amount on the statements, what would my options be if a letter of claim did turn up? I sadly do not have the outstanding balance.
    • as long as you've told cabot of your correct and current address then stop paying see if they send a letter of claim. as for the OD then? are you still paying that £30 or indeed any dca on historic debts? i thought also there was a mix up earlier upon what the debt was, you weren't sure if it was a loan or the OD? dx  
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    • see where they go. though i dont think barclays never were nor never will be anything to do with this moving forward. as ethel street explained. its a simple case of you as a director paid yourself £13k and the liquidators dont like it. tough cant get blood out of a stone. the very worst would be a civil court case and if you lose a CCJ and even thats pretty much useless to them. is your home jointly owed and mortgaged? dx
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Lloyds PPI - Settlement offer - not the amount I expected - please help!


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Hello all,

 

I went through the FOS and they found in my favour. I completed the acceptance slip and sent it off a month ago. I have just received a letter from Lloyds to say they will be paying in my settlement to my current account within 21 days.

 

They have said there were "60 monthly installments totalling £2312.40" which is what they are paying me plus 8% simple interest (£2016.24) plus the FOS goodwill (£200).

 

However, my loans (there were 2 in the complaint not 1!!) had insurance added as lump sums not monthly payments! The first loan taken out in early 1998 had a PPI payment of £1221.12 added on to it. This was consolidated into another loan later in 1998 and PPI of £1836.16 was added again to the loan amount.

 

Therefore, should they not be paying me the two lump sum payments of £1221.12 and £1836.16 back plus the 8% interest and £200?

 

Thanks for your advice!

Claire

Edited by claire_e
spelling mistake
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yep i'd agree with that, they're trying to pull a fast one here.

write and complain?

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi Claire:)

 

It definitely sounds as if there's something wrong with their calculations, although maybe you received a partial rebate at the time of consolidating the original loan into the second and this is being taken into account?

 

It's just a thought . Trouble is I know when we have paid off a loan early, whether by consolidation or otherwise, Lloyds have only told us the settlement figure over the telephone rather than putting it in writing and we have only really discovered since looking into it properly now (via loan statements included in our SARs) that they did give us a partial rebate previously.

 

However, you should definitely ask Lloyds how they came to this amount as dx has suggested, because I wouldn't put anything past Lloyds!

 

Good luck and well done on getting this far!

 

Regards,

 

Landy x

LTSB PPI on various loans (current/settled) - Refunded inc 8%

 

MBNA 1 Charges - Refunded inc CI

 

MBNA 1 PPI - Refunded

 

MBNA 2 Charges - Refunded inc 8%

 

MBNA 2 PPI - Refunded

 

MBNA 2 Accident Ins - Refunded

 

Swift Advances (settled) Mortgage Charges -Partially refunded

 

Swift Advances (settled) Mortgage PPI - Refunded inc CI & 8%

 

Sainsburys (settled) Loan PPI - Refunded inc CI +8%

 

Sainsburys (closed) Card Charges - Refunded inc CI + 8%

 

M&S Money (closed) Card Charges - Refunded inc CI

 

M&S Money (closed) Card PPI - Refunded inc 8%

 

Direct Line (settled) Loan PPI - Refunded inc CI + 8%

 

Debenhams Card (closed) PPI - Refunded inc 8%

 

Swift Mortgage Charges -Refunded

 

Hitachi Finance (closed) Charges - Refunded

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