Iffy Default Notice??

[isucwrowftts]

Recieved a DN from Lloyds giving me 10 days from the date of the letter to clear the arrears or have it passed to their solicitors. I have read on other parts of the CAG that in order for the DN to be valid the have to allow 14 days (12 days + 2 posting days) for a DN to be legal. Am I correct in this and if the DN is invalid then where does this leave me if they pass it to the solicitors etc.

 

Thanks in advance,

 

Isucwrowftts :-?

Edited August 15, 2010 by isucwrowftts

[middenmess]

Under the CCA you should have 14 days from receipt of the D/N to rectify the breach.

Receipt is deemed to be 2 days after posting if sent 1st class and 4 days if sent second class post.

If you post up the D/N after removing personal details then people will be able to advise you further.

[isucwrowftts]

I hope this is okay and legible.

 

http://i906.photobucket.com/albums/ac268/isucwrowftts/SAVE0004.jpg

 

Should I contact them before the 20th to say I can only pay our agreed sum or just ignore the DN and carry on paying as usual??

[dx100uk]

that DN is INVALID

they must give 14 days + postage as advised above

 

ignore

if they mark your CRA file due to it complain.

 

dx

[isucwrowftts]

Thanks dx.

Will sit and hold tight - do I need to contact them to reiterate the offer of payment as it's now moved to debt recovery or just take it that they will take the agreed amount at the begining of next month - I don't want them not taking it as it would look bad on me.

 

Cheers,

isucwrowftts

[middenmess]

You should be aware that if you bank with Lloyds or an associated bank there exists the possibility that they will use their right to offset and help themselves to money in your account to pay off the arrears.

 

Advise on here if you do bank with them is to open a 'parachute' account at a different bank like the Co-Op and transfer your pennies there.

[isucwrowftts]

First thing I done and also one of the best!!! Life has been so much easier without Lloyds charges looming every month - was the first (and one of the best) pieces of advice to come from this forum.

 

Cheers,

isucwrowftts

[middenmess]

first thing i done and also one of the best!!! Life has been so much easier without lloyds charges looming every month - was the first (and one of the best) pieces of advice to come from this forum.

 

Cheers,

isucwrowftts

 

:):)

[MandM]

being naive when I set up the arrangements they said I had to pay by DD ond couldn't accept SO's which would be better in hindsight.

 

Switch to SO. Gives you more control.

 

M

[isucwrowftts]

Okay, so I spoke too soon. They sent me their revised overdraft charges today.

 

Each month I pay a bit off my overdraft with the view of eventually clearing it. Currently they only charge interest for authorised overdrafts, so as long as I pay more than the interest, little by little the overdraft decreases.

 

From December they will be charging interest and a £5 monthly fee for using an overdraft on each account.

The good news is however they have significantly reduced their unplanned OD charges (About time Mr Lloyds, 10/10.).

 

A few years ago I would have welcomed these revised charges, and guess for many they will drastically improve things. For me however it means I have to find at least an extra £5 each month just to stop the balance from dropping lower.

 

isucwrowftts.

[jdes26]

i have recieved lloyds dn yest 18th and they are giving me till the 6th sept to pay£361

 

balance £5200

 

what should i do?

 

i wana start paying off but int £100 per month

 

ouch

[dx100uk]

start your own thread....

 

and scan up the dn

 

dx

[jdes26]

Help !!credit card dn JDES26

 

THATS MY NEW THREAD DN IF YOU CAN BROWSE

 

MANY THANKS

[dx100uk]

well post the link then.........

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?273962-Help-!!credit-card-dn&highlight=

 

dx

[isucwrowftts]

Hi again.

Just received this letter from SCM - pretty standard I guess.

 

http://i906.photobucket.com/albums/ac268/isucwrowftts/SAVE0019.jpg

 

Should I now contact Lloyds with my offer of payment, SCM and point out that the DN was invalid or what would anyone suggest.

Love the way it came in a Lloyds Collections envelope with the address the same as Lloyds, and also that someone has taken time to sign it "SCM" - must employ someone with those initials just to sign letters!!

Whilst on the subject as per my previous responses I would much prefer to pay by SO rather than DD - Lloyds told me this was impossible - has anyone had any joy with this??

Thanks in advance,

Isucwrowftts.

[middenmess]

They're offering to accept a reduced sum which might well indicate that they realise they have problems with the D/N.

 

In my opinion you can either write to Lloyds and request in writing as to what the reduced sum would be and their proposed monthly repayments--tell them you have a hearing difficulty so that you are unable to discuss any matters on the phone.

 

If their proposals do not find favour with you then you can always let the letter writing and phone calls from SCM begin.

 

I believe that they are obliged to accept payment by any commonly acceptable method--others should be able to confirm.