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freddy27

Lloyds TSB Collection Centre

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I am trying to find some information out, my mother in law had to default on a loan with TSB because she had to retire due to ill health, she made an agreement with them to reduce the loan payments, but i have just checked her statement and she will never pay this off, or it will take her forever.

 

Every time she pays they take it back off her in interest, am i wrong in thinking that as it is with the collections centre they should be freezing the interest, or is that just once it has gone to a DCA.

 

I am probably wrong on both accounts but hey you don't find out unless you ask!!!

 

If you can help or advise please do, thanks

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Guest wino

I have an overdraft with their collections centre and they gave me the first six months interest free but charged me interest after that. What would of taken just under 2 yrs to pay off will now take 5 or more:mad:

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