Lloyds Debit Card - CCA Regulation

yellowplum

I have recently found out that Lloyds Debit Cards that where issued at a certain time would have been governed by the Consumer Credit Act. It all stems down to which form you completed and signed when you first asked for a card to be issued.

I wanted to find out if mine was CCA regulated - so I propose to request a sight of the original credit agreement that I signed

I wanted to know from anyone if (and hopefully it is) CCA regulated could then then at a later date change it to be non CCA regulated without me signing a new agreement?

It also came to light during my conversation with someone that the accounts where changed to be non CCA regulated after a card had to be re-issued.

It seems it is not as straight forward as I thought, has anyone else experience of this?

ILW

Why do you wish to know?

yellowplum

ILW wrote: »

Why do you wish to know?

Because it would mean that the card is CCA regulated therefore it would offer the same protection on purchases under S.75 of said regulation.

marksoton

How can the CCA cover something when there is no credit involved !?

dazza.mk

marksoton wrote: »

How can the CCA cover something when there is no credit involved !?

If you are using your debit card to spend in your overdraft 'theoretically' you'd be eligible for Section 75, trying to explain that to the banks customer services might be hard though!

marksoton

dazza.mk wrote: »

If you are using your debit card to spend in your overdraft 'theoretically' you'd be eligible for Section 75, trying to explain that to the banks customer services might be hard though!

I can see that being possible. But the OP seems to be suggesting the the account is completely covered by the CCA !

savagej

The TSB's first debit card called the "Bankcard" which was black with a rainbow on it was covered by a CCA, I recall my parents.

yellowplum

dazza.mk wrote: »

If you are using your debit card to spend in your overdraft 'theoretically' you'd be eligible for Section 75, trying to explain that to the banks customer services might be hard though!

I would agree never the less the point is that the Agreement was first signed under the principal that it was governed by the Consumer Credit Act, therefore my question isn't whether it is covered but whether they can remove the status of a CCA regulated Agreement without MY Agreement.

yellowplum

marksoton wrote: »

I can see that being possible. But the OP seems to be suggesting the the account is completely covered by the CCA !

To also clarify - it wasn't the bank account that was signed and regulated by the CCA it was the CARD ONLY.

never-in-doubt

yellowplum wrote: »

To also clarify - it wasn't the bank account that was signed and regulated by the CCA it was the CARD ONLY.

How so? You do not get credit added to a card - it is added to the account and all regulated agreements are in relation to a physical account, not a piece of plastic that comes as an added extra as having such account.

I'm slightly losing the grasp of what you're seeking but I think you're getting your wires crossed..... accounts were regulated dating back to 1974 - cards do not get regulated! If you took any type of credit card out then you'll be regulated by the CCA1974. If it is a bank account that has an overdraft then the overdraft is also regulated.

So to go back to your original post, no. You cannot suddenly take away regulation - the bank will simply say close your account! You have no say in things.

savagej

At one point you definitely had to sign a CCA1974 for a debit card from both the TSB and Abbey National. I dont know what was in it, but you had to sign it to get the card. I assume they saw it at the time as a possible credit token. I do though know that was a very long time ago and think any agreement would have been susperceded by new T&C's