Laons "Charge on our propety"

paul-wales

I have read with great interest and gratitude all your comments so far, and have to agree I think it would far easier if I tried to briefly outline my complete circumstances

First loan on the net through Lloyds TSB as advised to help us out of a rut?

Sorry now realize foolish decision and poor advice on the slippery slope. But again second loan as advised by Lloyds then took out on the Net.

Then 18 months ago had the money to pay off the two loans, which was requested in writing recorded delivery quite unbelievably at least 12 times (receipts still available). Despite this no response received in addition left various telephone requests on the loan answering service? Cutting a very long story short in light of no response I was instructed to complain to the Financial Ombudsman. This was carried out and my complaint in every way was upheld I was awarded £150 compensation.

However during this time the loans and interest were paid from the money we had to clear them. When we finally had the final settlement figures we did not have enough money and there was only £9000 remaining but we still required £14000.

Therefore, despite our disappointment and anger we have carried on paying £475 every month.

However, some time before Christmas our wages were reduced etc, due to the rescission and we found we were “Robbing Peter to pay Paul” Which to the great pleasure of our friendly Lloyds TSB made us go out of our over draft limit regularly which again encored further charges. At this point we asked for Lloyds TSB to help who were only too pleased to offer us yet another substantial loan which we refused.

To add to this I am registered disabled and have been put on the waiting list for an operation. However, during the consultation I was informed the odds weren’t in my favour and to “sort my affairs out” (not quite so bluntly put).

Therefore, due to struggling financially the operation and due to the harassment continually received from Lloyds I wanted to cut all ties with Lloyds despite Banking with them for 22 years.

I wrote separately outlining in detail our situation and offered £7000 on one loan with and outstanding amount of £10,000 and £2000 on a second loan with £4,500. This as usual was ignored.

I therefore went to the CAB who quite rightly had to take into account other creditors and split the £9000 between them all and therefore offered Lloyds TSB I think about £4,600 on the loan for £10,000 and £17,00 0n the loan for £4,500. Once again no response, in writing but verbally rejected.

However, during this time I have been forced to stop payments to make ends meat. Boy have I had the attention of Lloyds TSB since January phone calls every day along with letters. I offer F&F but all they want to discuss is more loans or setting up a payment plan. None of which I want to consider as I want Lloyds out of our lives once and for all.

I have been informed that should anything happen God forbid the debt will die with me as it’s unsecured and in my name. However I would prefer to resolve this in the hope nothing will go wrong, but wouldn’t like to think of leaving my wife and three children with the mess and harassment from Lloyds TSB.

Presently the operation is not possible due to being unable to get my Diabetes and Asthma stable due to the stress of Lloyds. I only wish they could see the effect they have on people’s lives.

Hope this helps sorry to go on, please don’t hesitate to ask any questions, and thank you all.

paul-wales

AverageJoe wrote: »

At the risk of being lynched - the is always the "wipe it out" method....

See other threads for instructions...

Sorry whats a "wipe out method"?

aj2703

paul-wales wrote: »

Sorry whats a wipe "out method"?

I think he means this
http://forums.moneysavingexpert.com/showthread.html?t=767025

it's quite a read so get yourself comfortable ;0

never-in-doubt

aj2703 wrote: »

I think he means this
http://forums.moneysavingexpert.com/showthread.html?t=767025

it's quite a read so get yourself comfortable ;0

Basically, wipe out in a nutshell:

1. Cards/Loans/Finance issued before April 2007 had wrong legal wording on the credit agreement and omitted things that made it enforceable (legal)

2. Omitted details include signatures, apr's and monthly rates (MER)

3. There is a templete on here and other sites called CCA request (pay £1 for a copy)

4. Then if there is something wrong with the CCA you claim CCA unenforceability - usually they wont have a copy of the agreement which also stands

5. Write to the lender, tell them they have an unenforceable agreement and that you refuse to pay.

End of. It is then forgotten.

HOWEVER - your credit file will show the default for 6 years cos technically you are defaulting the account. For every plus there has to be a minus.

However, you can take the mickey big style and actually claim charges first so get money from them then do unenforceability so they get a double whammy!

HTH

paul-wales

CLAPTON wrote: »

Really need to see your full finacnial situation, a SOA, otherwise we are all really shooting in the dark.

Who knows the better solution might be offering your other creditors F&Fs and continuing to pay Lloyds... but not enough facts to say.

I have read with great interest and gratitude all your comments so far, and have to agree I think it would far easier if I tried to briefly outline my complete circumstances

First loan on the net through Lloyds TSB as advised to help us out of a rut?

Sorry now realize foolish decision and poor advice on the slippery slope. But again second loan as advised by Lloyds then took out on the Net.

Then 18 months ago had the money to pay off the two loans, which was requested in writing recorded delivery quite unbelievably at least 12 times (receipts still available). Despite this no response received in addition left various telephone requests on the loan answering service? Cutting a very long story short in light of no response I was instructed to complain to the Financial Ombudsman. This was carried out and my complaint in every way was upheld I was awarded £150 compensation.

However during this time the loans and interest were paid from the money we had to clear them. When we finally had the final settlement figures we did not have enough money and there was only £9000 remaining but we still required £14000.

Therefore, despite our disappointment and anger we have carried on paying £475 every month.

However, some time before Christmas our wages were reduced etc, due to the rescission and we found we were “Robbing Peter to pay Paul” Which to the great pleasure of our friendly Lloyds TSB made us go out of our over draft limit regularly which again encored further charges. At this point we asked for Lloyds TSB to help who were only too pleased to offer us yet another substantial loan which we refused.

To add to this I am registered disabled and have been put on the waiting list for an operation. However, during the consultation I was informed the odds weren’t in my favour and to “sort my affairs out” (not quite so bluntly put).

Therefore, due to struggling financially the operation and due to the harassment continually received from Lloyds I wanted to cut all ties with Lloyds despite Banking with them for 22 years.

I wrote separately outlining in detail our situation and offered £7000 on one loan with and outstanding amount of £10,000 and £2000 on a second loan with £4,500. This as usual was ignored.

I therefore went to the CAB who quite rightly had to take into account other creditors and split the £9000 between them all and therefore offered Lloyds TSB I think about £4,600 on the loan for £10,000 and £17,00 0n the loan for £4,500. Once again no response, in writing but verbally rejected.

However, during this time I have been forced to stop payments to make ends meat. Boy have I had the attention of Lloyds TSB since January phone calls every day along with letters. I offer F&F but all they want to discuss is more loans or setting up a payment plan. None of which I want to consider as I want Lloyds out of our lives once and for all.

I have been informed that should anything happen God forbid the debt will die with me as it’s unsecured and in my name. However I would prefer to resolve this in the hope nothing will go wrong, but wouldn’t like to think of leaving my wife and three children with the mess and harassment from Lloyds TSB.

Presently the operation is not possible due to being unable to get my Diabetes and Asthma stable due to the stress of Lloyds. I only wish they could see the effect they have on people’s lives.

Hope this helps sorry to go on, please don’t hesitate to ask any questions, and thank you all.