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Overcharged Interest on Balance Transfer

I opened a credit card with Texaco - to do some tarting in May 2005 - I transferred over 3 balances, but only 2 were put on the deal I wanted - 3.9% for life of balance. Stupid me - didn't realise. Account was transferred over to Lloyds TSB in July 2006 with no change in terms. I started receiving paper bills 12 months ago, and then realised I had been paying too much interest on 1 of the amounts I had transferred over. I have been battling with Lloyds TSB for 7 months, trying to get them to sort out the incorrect transaction that had accured in June 2005, but they keep fobbing me off saying someone is looking into it and they will notify me when they have a answer. I phone them every 6 weeks on an 0870 no costing me a fortune, only to have to explain the story again and again every time, sometimes to 2 or 3 different people on the phone. I need help with this, but I don't know where to start. Can anyone suggest anyting positive.PLEASE

Comments

  • NickX
    NickX Posts: 3,046 Forumite
    I phone them every 6 weeks on an 0870 no costing me a fortune

    Try www.saynoto0870.com for an alternative number.

    If they do not sort your problem satisfactorily then you can raise an official complaint with the Financial Ombudsman.
  • jamalfatty
    jamalfatty Posts: 960 Forumite
    I would suggest not bothering to phone them and writing instead. Tell them how long complaint has been going on and ask for them to either resolve it, or issue a letter of deadlock. Once you have this you can then go to the FOS
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I think the FOS have a time limit...6 months from when you knew, or crucially, SHOULD have known of the problem?

    However, in the first instance, I agree written correspondence with Lloyds TSB will be the best option. Make sure you head up your letter "OFFICIAL COMPLAINT".
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