A little advice re Lloyds TSB credit card please

[pebsham]

A close relative has asked me to advise on a problem she has.

 

She has had a Lloyds TSB credit card for about 10 years. About 7 years ago she got into difficulties and got defaulted. She was able to keep up minimum payments after cutting everything else to the bone.

 

Today she still owes about £2000 and is paying it at £45 a month which means her debt is reducing at less than £20 a month.

 

She wanted to know if there is a way that she can get the credit card company to freeze interest so that she can pay off the debt as quickly as possible. As you can see even if the interest stayed at the level it is now she would take the best part of 10 tears to pay off.

 

Any suggestions?

[dx100uk]

what about unlawful fees and poss mis-sell of PPI reclaiming.?

 

dx

[pebsham]

No good I'm afraid no PPI & no charges (apart from interest) in last 6 years

[The Mould]

A close relative has asked me to advise on a problem she has.

 

She has had a Lloyds TSB credit card for about 10 years. About 7 years ago she got into difficulties and got defaulted. She was able to keep up minimum payments after cutting everything else to the bone.

 

Today she still owes about £2000 and is paying it at £45 a month which means her debt is reducing at less than £20 a month.

 

She wanted to know if there is a way that she can get the credit card company to freeze interest so that she can pay off the debt as quickly as possible. As you can see even if the interest stayed at the level it is now she would take the best part of 10 tears to pay off.

 

Any suggestions?

 

Hello pebsham,

 

What about the credit agreement, does your friend have a copy?

 

I think ten tears is a lot to cry about. (No offence meant to you, just a little joke on the spelling.)

 

Is your friend in a good position to offer a Full and Final Settlement payment to them?

 

Kind Regards

 

The Mould

[pebsham]

Hi The Mould,

 

I'm not sure it was a spelling mistake. I think she's cried more than 10 tears over this debt!

 

I will get her to obtain the CCA. I know she cannot offer a full and final amount.

 

Thanks

[The Mould]

Hi The Mould,

 

I'm not sure it was a spelling mistake. I think she's cried more than 10 tears over this debt!

 

I will get her to obtain the CCA. I know she cannot offer a full and final amount.

 

Thanks

 

Hello pebsham,

 

Please accept my apology if I have offended you or your friend with that joke of mine.

 

Yes, CCA request them and then take it from there.

 

Kind Regards

 

The Mould