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Lloyds Wholesale Banking Recoveries Bristol - anyone had any experiences?


Matt5791
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I have a fair amount of experience with this sort of thing, but I was wondering if anyone else here has dealt with the Lloyds Wholesale Banking recoveries in Bristol? They seem very pleasant and take a soft approach, but that often worries me! They suggested they would accept short settlements and installments (at a very reasonable interest rate) right at the outset.

 

I am disputing a personal guarantee given for a £25K overdraft to a company I was a director of. I have made a cash offer of £10K. They have requested a "statement of means" before they will consider any short settlement

 

So I was wondering if there is anyone else here who had dealt with them - how have you got on?

 

I really want to try and understand more about how flexible they really are before I take the next step.

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urm.

 

if they say will setlle for less, then something must be wrong with the agreement or it charges or ppi or WHY.

 

no-one settles for less if they can get the full amount.

 

something smells here.

 

how old is this debt.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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The debt is / was companies - it was a £25K overdraft - backed by a directors personal guarantee - it's a business arrangement. So if the business can not meet it's obligations the bank can call on the directors for the cash, which is what they are doing - it's fairly common place for short settlements to be offered in order to clear up the matter. Banks will regularly write off business debt.

 

I was just wondering if anyone else had dealt with this department of Lloyds?

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I dealt with wholesale recoveries a year or so ago re a business loan. My company failed (due to the recession) and I couldnt repay it. Was making a token payment and negotiated a 50% F and F with them. Started off offering 10%, they countered with 75ish, went to 25%, they went to 65% etc.... My loan was enforceable, no PPI etc... I did point out in letters though that there was a clear correlation between the banking sectors irresponsibility and my company's demise...

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I dealt with wholesale recoveries a year or so ago re a business loan. My company failed (due to the recession) and I couldnt repay it. Was making a token payment and negotiated a 50% F and F with them. Started off offering 10%, they countered with 75ish, went to 25%, they went to 65% etc.... My loan was enforceable, no PPI etc... I did point out in letters though that there was a clear correlation between the banking sectors irresponsibility and my company's demise...

 

Many thanks for this info it's very helpful.

 

Did they request a statement of means or other information?

 

Many thanks.

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They did, and I produced one for them on the basis that because the loan was enforceable I didnt wanna mess them around too much!

 

Many thanks for the info.

 

Out of interest, did you write the statement yourself of did you use their own form? How transparent were you - did you make sure you looked as poor as possible?

 

Many thanks.

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