#LloydsTSB : Lloyds increased my overdraft to pay their charges

[mhill716600]

Hello Everyone,

 

I was with the Lloyds tsb and had an Authorised overdraft of £700.00. When there was not enougth monies to pay their monthly charges they increased my overdraft ( without my permission)

 

dispite letters regards to my money problems they kept increasing the overdraft to cover charges, the balance is now £2,684.47.

 

Apex have taken over the debt and i have sent letters but have had no reply.

 

Any ideas anyone?

 

Regards

 

MH

[BankFodder]

are you saying that they increased your authorised overdraft? Or do they simply keep adding your charges on and call it an unauthorised overdraft?

[mhill716600]

Hi Bankfodder, just had a look at my statments,

 

I was reducing my overdraft by £50.00 per month, i got it down from £3,000 to just £1,000.00 but then started having money issues, this is when they increased my overdraft firstly to £1270.00 on the 04th June 2008, then £1620.00 on the1st Dec 2008,then to £1830.00 on the 8th Dec 2008 i started paying in monies to try and cover some of the costs, but was struggling when they then increased my overdraft to £2420.00 on the 15th July 2009, and once again increased it to £27100 on the 31st Aug 2009.

 

I did not ask for these overdraft increases they were done so they could add THEIR CHARGES.

 

I know it was increases in overdraft as it states at the top of the statments.

 

Regards

 

MH

[mhill716600]

Sorry Banfodder the last Amount was in fact £2,710.00.

 

MH

[rhos123]

Hi Bankfodder, just had a look at my statments,

 

I was reducing my overdraft by £50.00 per month, i got it down from £3,000 to just £1,000.00 but then started having money issues, this is when they increased my overdraft firstly to £1270.00 on the 04th June 2008, then £1620.00 on the1st Dec 2008,then to £1830.00 on the 8th Dec 2008 i started paying in monies to try and cover some of the costs, but was struggling when they then increased my overdraft to £2420.00 on the 15th July 2009, and once again increased it to £27100 on the 31st Aug 2009.

 

I did not ask for these overdraft increases they were done so they could add THEIR CHARGES.

 

I know it was increases in overdraft as it states at the top of the statments.

 

Regards

 

MH

are you still paying these robbers at the lloyds tsb?. if i were you mate i would change bank and tell the lloyds were to sick THEIR CHARGES

[mhill716600]

Hi Rhos, I am not with them now i took advice from the CAG,and opened a parachute account, this account is with Payplan at present and they are paying them £10.00 per month, the account is now being handled by Apex?

 

I am just wondering if the banks can increase your overdraft to cover their charges?

 

Cheers

 

MH