Lloyds loan passed to Westcott

[repay]

Looking for some advice on action to take, as a little confused. I never expected when googling this to find so much information, it's almost impossible to sort out what's relevant and what's not! And so many people in similar circumstances!

 

I have got a refinanced loan and basically now owe around £4000 to Lloyds TSB. I lost my job March 2010 and ended up avoiding the loan repayments. Lloyds eventually took my benefits from my account, forcing me to phone them, and I set up an agreement of £5 a month. A few months later a £5 payment bounced which apparently "ended our agreement". I avoided this problem for some time, but I'm back in full time employment and can afford small amounts for now.

 

Unfortunately the debt has now been passed to Westcott Credit Services, who have been phoning me early in the morning, middle of the afternoon, late at night, every day, multiple times. I've received countless letters threatening court action and big red letters. I did pick up the phone a couple of weeks ago for the first time only to speak to someone who treated me like I'd murdered someone. He asked me if I had my card, I said I didn't and that I couldn't talk right now. He asked me why I couldn't talk, and demanded I call back. I said I didn't have any credit on my mobile or a land line and he told me I'd have to use a pay phone. He also wanted the full £4000 which obviously I don't have.

 

The problem I've got is in the past few months I've gone a bit overboard with pay day loans. I've repaid them all, on time, and have had no problems with them. I'm quite successfully borrowing less from them too, and should be free of pay day loans by the end of July. I'm also paying off £50 a month on a friend's credit card because they bought me a laptop on it, and this debt will be gone by the end of August.

 

Is it safe to ignore Westcott until the end of August or is it best to contact them and agree a small £5 repayment for now, with the intention of increasing it later? I've seen some quite horrific stories of these people and I don't feel confident talking to them again, the last guy actually gave me the creeps. The way he spoke was very dark and actually bordered on aggressive. I'm confused because I've looked through money websites and they suggest not agreeing to anything over the phone and do everything by letter. Some people say ignore them and don't give them a penny, and others say don't ignore the debt!

[PGH7447]

hi and welcome to the cag

 

first send westoct a phone harrasment letter and as this is a loan a cca request, both templates in the library

 

also did this loan have any ppi attached to it? which you can claim back

 

Third and most important ditch the payday loans these are a debt trap in the making

[PGH7447]

o and never talk on the phone get everything in writing, if they phone again just say in writing and put the phone down - simples

[repay]

Hi,

 

Thanks for the response, I've looked at those letters, when I get hold of a printer I'll get right on that. Westcott don't have my current address, I'm wary of giving it to them because of all this talk of sending people round to my house. Does that kind of action happen often, or only in the most serious of cases? I suppose I haven't got much of an option if I want them to write to me!

 

 

I didn't even know what PPI was until I saw it in the news recently, and then I realised it was added to my first load of repayments. I also remember the woman in the branch never said it was optional. However, my loan repayments are all over the place, I have no records, searching online statements is a nightmare, and I'm at a loss as to exactly how much I've paid back and when, and how much of the repayments was PPI. It got so complicated in the end I gave up because I don't think I'm likely to succeed without proof, and I also don't think the amount would be worth the time or energy.

[BRIGADIER2JCS]

The threatened visits are very very rare if it does happen tell them to fox trot oscar and to contact in writing only.

These people have no authority at all and the threats are just that meaningless garbage.

[ims21]

The threatened visits are very very rare if it does happen tell them to fox trot oscar and to contact in writing only.

These people have no authority at all and the threats are just that meaningless garbage.

 

I'll second that

 

ims

[PGH7447]

send the OC a sar and demand all statements etc from the loan, that will show you what you have paid and any ppi and charges added