Lloyds and Moorcroft help

[ttocs]

Hello, I've read a few forum posts and come across a few bits and pieces of help but nothing concrete. I keep coming across acronyms and not sure what the mean..such as CCA.

 

Basically I've had an overdraft with lloyds tsb. I didn't pay any money into the account for a few months so they lowerd my overdraft limit andadded interest and charges to the balance. When i could finally afford to start paying money back They wouldn't freeze any interest or charges. So any money i would have paid in would have been swolled up anyway. EG:

 

1500 overdraft, limit lowered to 1000 with around £70 a month of charges and interest on the £500 over. I offered to pay back £100 a month untill balance was clear if they stopped charges and interest they declined.

 

£100 pay in on the balance which was around £1700 by this time would bring it down to £1600 but then charges of £70 again...which would mean i was only paying off £30 a month.

 

I refused to pay anything and this incurred a default and the account has been passed on to moorcroft. They have said i can settile the account which is now about 1800 if i pay 80% of the balance which is 1440 but i don't have that kind of lump sum all at once. I can afford the £100 a month through but feel i'll be paying £300 too much ?

 

What's my best course of action here ?

 

thanks in advance !

[havinastella]

Hi and welcome to Cag!

 

Are these recent charges?

[ttocs]

Hi , Thanks for the reply.

 

They've been added every month since end of October. So one Oct,Nov and Dec ...then account passed on

[havinastella]

Firstly, Moorcrap are pussycats and can do exactly NOTHING. Refuse to deal with them and deal with Lloyds direct. Do not use the phone, keep everything in writing.

 

Your friend is here

 

http://www.consumeractiongroup.co.uk/forum/announcement.php?f=3&a=220

[dx100uk]

hi ya

 

hit them with a bcobs complaint

 

not on benefits are you?

 

dx