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Lloyds TSB loan query
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GREYANDWORRIED
Posts: 10 Forumite
in Loans
This is my first post so i hope it is in the right place.
My husband took out a loan in August 2003 from Lloyds TSB for £7,838.81 with PPI of £2,076.82 to be paid over 60 months at £254.05 per month. The loan also included £4,327 interest. In November 2004 we found ourselves in financial difficulties so we went to CCCS who arranged a payment plan with Lloyds TSB. We had already paid £3,810.75 in full payments and from December 2004 to November 2006 we paid through CCCS a total of £3,496.89.
We then moved to Pay plan and from December 2006 to now we have paid £6,038.04 a full total of £14,345.68. We received a statement from lloyds TSB stating that we still owed £2,633.99 when we say only £897.32 is left owing.
I sent a complaint letter via the manageress in our local branch (who also agrees with what we owe) and received a reply on Saturday 25 October saying that they will accept £2,249.30 as a settlement figure. Does anyone think that this extra interest is excessive for a total of 3 months over our 60 month term?
From December 2006 to July 2007 8 months payments were paid to Lloyds TSB by Payplan to account details given by Lloyds TSB but the payments were never taken from the loan. I went to my local branch and the manageress took 3 months to trace and payback to the loan £1,443.21 which had been kept in a pending account by Lloyds TSB. We have incurred charges for 'non payment' for this period as well as further interest added again for these 'non payments'.
My husband is now nearly 70 and i am in my early 60's and wanting to retire in the near future.
I want this to be settled before i retire and this is the only thing that is stopping both myself and my husband being debt free. I have tried for over a year to sort this out with Lloyds TSB but they will not listen to what i have to say. I am also trying to claim back the PPI on this loan but they have so far refused to pay this back aswell.
Has anybody got any advice for me....can anyone help??
Many thanks in advance.
My husband took out a loan in August 2003 from Lloyds TSB for £7,838.81 with PPI of £2,076.82 to be paid over 60 months at £254.05 per month. The loan also included £4,327 interest. In November 2004 we found ourselves in financial difficulties so we went to CCCS who arranged a payment plan with Lloyds TSB. We had already paid £3,810.75 in full payments and from December 2004 to November 2006 we paid through CCCS a total of £3,496.89.
We then moved to Pay plan and from December 2006 to now we have paid £6,038.04 a full total of £14,345.68. We received a statement from lloyds TSB stating that we still owed £2,633.99 when we say only £897.32 is left owing.
I sent a complaint letter via the manageress in our local branch (who also agrees with what we owe) and received a reply on Saturday 25 October saying that they will accept £2,249.30 as a settlement figure. Does anyone think that this extra interest is excessive for a total of 3 months over our 60 month term?
From December 2006 to July 2007 8 months payments were paid to Lloyds TSB by Payplan to account details given by Lloyds TSB but the payments were never taken from the loan. I went to my local branch and the manageress took 3 months to trace and payback to the loan £1,443.21 which had been kept in a pending account by Lloyds TSB. We have incurred charges for 'non payment' for this period as well as further interest added again for these 'non payments'.
My husband is now nearly 70 and i am in my early 60's and wanting to retire in the near future.
I want this to be settled before i retire and this is the only thing that is stopping both myself and my husband being debt free. I have tried for over a year to sort this out with Lloyds TSB but they will not listen to what i have to say. I am also trying to claim back the PPI on this loan but they have so far refused to pay this back aswell.
Has anybody got any advice for me....can anyone help??
Many thanks in advance.
0
Comments
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GREYANDWORRIED wrote: »This is my first post so i hope it is in the right place.
My husband took out a loan in August 2003 from Lloyds TSB for £7,838.81 with PPI of £2,076.82 to be paid over 60 months at £254.05 per month. The loan also included £4,327 interest. In November 2004 we found ourselves in financial difficulties so we went to CCCS who arranged a payment plan with Lloyds TSB. We had already paid £3,810.75 in full payments and from December 2004 to November 2006 we paid through CCCS a total of £3,496.89.
We then moved to Pay plan and from December 2006 to now we have paid £6,038.04 a full total of £14,345.68. We received a statement from lloyds TSB stating that we still owed £2,633.99 when we say only £897.32 is left owing.
I sent a complaint letter via the manageress in our local branch (who also agrees with what we owe) and received a reply on Saturday 25 October saying that they will accept £2,249.30 as a settlement figure. Does anyone think that this extra interest is excessive for a total of 3 months over our 60 month term?
From December 2006 to July 2007 8 months payments were paid to Lloyds TSB by Payplan to account details given by Lloyds TSB but the payments were never taken from the loan. I went to my local branch and the manageress took 3 months to trace and payback to the loan £1,443.21 which had been kept in a pending account by Lloyds TSB. We have incurred charges for 'non payment' for this period as well as further interest added again for these 'non payments'.
My husband is now nearly 70 and i am in my early 60's and wanting to retire in the near future.
I want this to be settled before i retire and this is the only thing that is stopping both myself and my husband being debt free. I have tried for over a year to sort this out with Lloyds TSB but they will not listen to what i have to say. I am also trying to claim back the PPI on this loan but they have so far refused to pay this back aswell.
Has anybody got any advice for me....can anyone help??
Many thanks in advance.
Hello there
We have a few complaints with LLoyds at this present time, loans ppi and credit card ppi, I will add the direct link here which will take you to the direct ppi reclaming thread, where myself and others will help guide you through this with reclaim templates etc.;)
If you could copy and paste your above post over to here:
http://forums.moneysavingexpert.com/showthread.html?p=15348905#post15348905
Did you use the template from this site to reclaim this?
And do not let their first response put you off, as another letter can be sent before it goes to the financial ombudsman service.
They are very stubborn and like yourself and others we have to keep at them, and I'm sure there will be a light at the other end of the tunnel.
If you can hun please post in the above thread link where we will help you step by step with this, cheers and hope to see you there.;)
Di.
xThe one and only "Dizzy Di"
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Thanks Di,
I used the template from here to reclaim PPI and i have sent a second letter, answering specific questions that they asked in their response letter. I'll post the thread across. Thanks again0 -
Sorry Di, but i'm stuck. Don't know how to post this across...should i just post it as a reply??? Sorry new to this and a bit unsure what to do next0
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GREYANDWORRIED wrote: »Thanks Di,
I used the template from here to reclaim PPI and i have sent a second letter, answering specific questions that they asked in their response letter. I'll post the thread across. Thanks again
Hi hun, not to worry I will copy and paste your first post for you and take it over here for you: If you click on the blue link below you should come across your post.
http://forums.moneysavingexpert.com/showthread.html?t=862067&page=636
I will then get back to it later.;)The one and only "Dizzy Di"0 -
If you had financial difficulties - then missed/reduced payments would have increased the interest charged on the loan and on top of that possibly fees for non payment.
Get the figures checked out by CAB before proceeding one way or another.0 -
If you have the £800 write to them again and offer them the £800 as full and final settlement - Im sure there is a template letter on here somewhere - I think they would probably accept it eventually.0
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