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LLoyds TSB OD balance in Scotland - just been sold - help

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So settling this debt won't revive the defaulted account......?

 

Or have a positive effect by registering as a settled debt.....?

 

 

What should I say to Lowell now.....?

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nope can never return

nope as it is not [or soon to be[ not showing on file

 

MY OPINION....two words!!

 

no seriously

 

it cant hurt you now

unless they are stupid enough to go for any kind of legal action.

 

it all depends what other debts you have or new bills coming in

gas/electric/new year of ctax soon too!

 

you indicate you've already 'taken off' the penalty charges figure in your 'offer'

 

are these penalties / figure calculated using the CISHEET at the account OD interest rate?


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I was unclear whether or not Lloyd's had taken off the contents inside my account when they closed it because of the overdraft.....the sar revealed they did.....and so the amount of 710 is the exact amount I owe.....

 

I have no other debt now.......absolutely nothing......

 

So what can i do to stop Lowell chasing me once more.....

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it puzzles me slightly why LLoyds sold this on.?

 

that normally indicates they are not confident you owe all the money

as SCM, their in house solicitor, are rather hot in taking court action.

 

did you start off at £600 with lowlife?

 

how did this figure come about?

 

yours or theirs after bartering?

 

dx


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Was me actually......they contacted me as they had been contacted by Lloyd's saying I was in possession of my data...,.

 

I said I was satisfied all was well then just hit out with 600...... They replied in email accepting......

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halve it!!

 

bet they think your gonna pay for the little drinkies party without a fight!

 

if they are indicating they know you have the info

then I wonder if they don't.

 

the data I have received include penalty charges that I do not agree are fair

 

in relation to this

 

I reduce my offer to £300 ish

 

yo are not saying you know they took them off mind!!

 

are you sure they refunded interest the charges caused you?

having seen Lloyds SAr returns many times

they often don't!

 

dx

 

 

 

dx


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I think its all clear in my head then I just get confused again.....

 

Now that the debt has dropped from the credit file no one can take me to court is that correct....

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Send a 'nice' letter to Ms. Sara de Tute

 

 

Director of Legal & Compliance

The Lowell Group

Enterprise House

1 Apex view

Leeds

LS11 9BH

 

 

Mark it private and confidential and send by signed for post.

Just say you don't acknowledge any debt to Lowell and that the debt is statute barred and you will not be paying.

 

 

This lady just Lurrrves to know when her team cocks up!!


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sorry this has not been made clear

 

just because it drops off the cra file

it does not mean they 'could' not

at some point

take your to court

or issue an SD against you.

 

for an OD debt, its difficult to judge the SB date

 

dx


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I emailed them and said this:

 

I had planned to pay the reduced amount last night but after further thought I cannot walk away from this debt with a "partially satisfied" marker.

 

In fact the original default was removed from my credit file months ago, so nothing I do from this point forward will have a positive effect on my file.

 

In light of this and the fact a large fraction of this debt is unfair charges and interest, I would like to rethink my next move.

 

Please only reply via email.

 

Regards,

 

 

 

 

I am still waiting on a response from them....

 

 

I also went to another forum and got this response to my situation:

 

 

 

If the defaulted account has dropped off your credit files then that is it. It should never appear again, even with a settlement or partial settlement mark. If it should come back you can complain and have it removed. Keep copies of the old reports so you can prove the old date.

 

The debt collector is either trying mislead you into thinking they can put it back on, or they are too dim to realise it has already come off. Either is possible with DCAs.

 

 

Any comments on that response.......

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runs with what w have been saying

 

dx


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How much will this debt be worth to them do you think.........?

 

I really don't want to pay anything, as the whole point of this attempt to sort out my finances was to get my credit report in order, which it seems to be now, credit score of 974 [i know this doesn't really mean much in terms of getting a mortgage].....

 

I just don't want to be hassled from them or anyone else from now on, but will they walk away with nothing......I cant see that happening.....

 

And you said they might seek payment through the courts...........

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I think you email is very good btw.

 

i'd let this run for a while.

 

the issue here of course is that you've been paying this

so

I would assume

as the original creditor defaulted it and called it in

the statute barring date

will now be from your last recent payment.

 

let see how they react.

 

just to complete the history so to speak....

 

have you ever had discount letters off them whenever you were

or started to pay this off years ago?

 

dx


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Ill try and recap on the situation so far.....

 

Student overdraft of 1000

 

By the time I finished studies in 2005 was up at 2000, the limit was increased by simply entering it online and submitting

 

December 2006 my card was swallowed and my account closed with 410 pound in it

 

No contact with them until late 2008 when they managed to find me at a total different address [how can they do this]

 

Started to make payment for about a year, paid back quite a lot in this time

 

I was using giro slips to pay as I had no bank account and was unwilling to set up and standing order/direct debit on my partners bank account

 

The slips then stopped coming, no letter or warning, which I though was ****, this must of been when they sold it on

 

Last year Lowell contacted me requesting payment, so a good few years after the payment slips started

 

Never paid anything to them or contacted them until I was letting them know I request a SAR from Lloyds, which was a month or two now

 

Lowell froze my account until I had received my data and made my conclusions

 

I then contacted Lowell by email to say I had looked over the documents and was satisfied with them

 

Emailed Lowell offering 600 pounds to close the account

 

They emailed to accept

 

I phoned them last night to confirm they were accepting the 600 to close the account

 

I was informed that it would only be a partially satisfied debt

 

Wasn't happy, so came back here

 

Checked experian and I have no debts on file from the 3 I did have at the start of last year

 

It does say however I have no settled accounts, which I hope doesn't effect mortgage apps

 

Really don't want to pay as I need that money for a deposit

 

I think I am happy that my credit score/file/report is OK now, or the best it can be for now, I just don't want to walk away from this if there is a risk it will come back to bite me in the run up to mortgage time....

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you could always stall them I'm sure..

you haven't of course told lowlife you are going for a mortgage?

 

the debt itself could never comeback.

 

what COULD eventually happen is that

they get you in court

get a successful CCJ.

 

but that will take months.


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you could always stall them I'm sure..

you haven't of course told lowlife you are going for a mortgage?

 

the debt itself could never comeback.

 

what COULD eventually happen is that

they get you in court

get a successful CCJ.

 

 

but that will take months.

 

Its a ccj I definitely don't want....

 

Because I didn't pay when I said the phone calls began non stop. This was because the emails I sent had not been past from the customer services department.

 

I eventually answered and said I want a further reduction to close the account. If it was only partially settled that's fine as the debt is gone from my file and they couldn't actually mark it as such or anyone looking won't see it....

 

I offered 400....if they accept I'll pay and I'll be happy...

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The trouble is you've now shown your hand.

They know you've got a wedge.

Don't pay yet.

If its SBed then send the letter and just ignore it.

In fact eff em, ignore it anyway.

They're chancers and shysters.

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no!!

 

they could still take legal action


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WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

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We're a long way from that situation aren't we?

I'm not advocating irresponsibility but suggesting a robuster negotiating strategy that's all.

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We're a long way from that situation aren't we?

I'm not advocating irresponsibility but suggesting a robuster negotiating strategy that's all.

 

sri the no was not toward you

but toward paying them

 

your post landed before I finished

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

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please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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