Jump to content


gd47

Difficulty repaying Barclays loan

Recommended Posts

Firstly, many thanks in advance for any advice...it is very much appreciated. 

The basic facts are as follows... 

My partner has been a customer of Barclays for about 40 years! 

She has never been overdrawn and any loans she has had from them in the past have always been repaid exactly according to the agreements. 

Her age is 64 and has fallen foul of the Government's pension regulations (which is affecting many women). 

She is disabled and in receipt of DLA, which is her only income.

I am in receipt of a basic state pension, plus an additional sum of pension credits to supplement our joint income. 

I have recently lost my DLA award and have failed to qualify for PIP (although an appeal is in progress)...this resulted in my partner also losing carer's allowance for me. 

As a result of all of this, my partner has approached Barclays and has asked if her payments could be reduced temporarily until she reaches pension age or my PIP appeal is successful. 

Barclays have refused outright, saying that they think she can afford to pay the full amount of £200/month as she is in receipt of DLA! 

This has caused her a considerable amount of distress, as she thought that they would be fairly understanding. 

My attitude is that she should now stop all payments and let them do whatever they can to recover their loan (my partner has no savings or assets and we live in a council flat). 

Obviously, this has now started to have an adverse affect on her health (having suffered from strokes in the past few years). 

Quite honestly, I am furious at the bank's intransigence, but would very much like to receive any advice as to how to proceed. 

Once again, many thanks. 

 

Share this post


Link to post
Share on other sites

I think it would be helpful if you could start telling us more about the loans – dates, repayments et cetera.

 


It might also be helpful if you started reading up a bit about the right of appropriation and producing a letter of appropriation.
 


Share this post


Link to post
Share on other sites

dla is to live on not for paying loans off

Barclays should be helping not making the situation worse.

 

yep tell us about the loan

and how have you been communicating to date?

not by phone I hope!

writing only.

 

my thoughts are to send them our prorate letter and let them suck on that.


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

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

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

spreadsheets 

 

Share this post


Link to post
Share on other sites

Hi Gd,

 

No more contact by phone at all - keep everything in writing only.

 

Supply details about the current loan as already requested.

 

I suggest YP maintains repayments on the loan until we've had a chance to properly review the case and consider your reply to our Q's.

 

:-)


We could do with some help from you

                                                                PLEASE HELP US TO KEEP THIS SITE RUNNING

EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

                                            Have we helped you ...?  Please Donate button to the Consumer Action Group

 

Please give something if you can. We all give our time free of charge but the site has bills to pay.

 

Thanks !:-)

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...