My situation with Lloyds TSB (3 loan agreements)

di3004

DevilDamo wrote: »

Hi all,

A bit of an update for you.

I have had various conversations with the Financial Ombudsman Service asking them as to progress with my claim(s).

On 27th September, I received a letter from a Team Manager at the FOS. The main part of the letter was...



As I have not seen any figures, I emailed the FOS asking what this means. I received a call this morning telling me that I will be refunded PPI I have paid to date and the remaining PPI will be re-calculated and my loan(s) re-structured. Along with this will also be a compensation settlement figure.

I have agreed to the FOS's letter and returned their Settlement Form so Lloyds TSB will be writing to me within eight weeks.

Will let you know when I receive a letter from Lloyds TSB.

Thank you ALL!

Fantastic, well done and Congratulations!:T:beer::j

DevilDamo

I have now received both refunds from Lloyds TSB. The original loan amounts were £25,000 (7 years) and £15,000 (5 years).

Both loans have had the PPI cancelled and this PPI figure has been taken off the monthly installments, which saves me approx. £130 per month

The total cash refund I have received is just short of £9,000

Once I have a bit of time, I'll provide you with the steps I took in successfully claiming through Lloyds TSB

di3004

DevilDamo wrote: »

I have now received both refunds from Lloyds TSB. The original loan amounts were £25,000 (7 years) and £15,000 (5 years).

Both loans have had the PPI cancelled and this PPI figure has been taken off the monthly installments, which saves me approx. £130 per month

The total cash refund I have received is just short of £9,000

Once I have a bit of time, I'll provide you with the steps I took in successfully claiming through Lloyds TSB

Wonderful!:T Well done and Congratulations!:beer:

alcee12

hope someone can advise me on how to go about this i went into lloydstsb about a yearly personal review which they did every year they said do i require a credit card or would i want a loan maybe for a new car etc so there and then i was given a loan of £2500 at £86.00 per month even though my financial report showed i had more going out than i had coming in never asked wether i could afford it or not this was 2005 i fell into hardship in jan 2007 and phoned them up to say i couldnt afford the repayments they put me on a refinance loan and included my overdraft at a repayment of £39.00 per month i got my statement through recently and still owe £1869 in total when i am finished they will have getting back £6600 on a £2500 loan that they new i couldnt afford in the first place have they broke banking rules please help

amersall

I would not think so, you agreed to the loans and if they did not hold a gun to your head then you will have a job to prove they made you take this loan.

If your outgoings were more than your income when they gave you the loan,you could put a complaint in as they maybe did not check your eligibility for the loan,but apart from that i dont think you have a case here.

alcee12

amersall wrote: »

I would not think so, you agreed to the loans and if they did not hold a gun to your head then you will have a job to prove they made you take this loan.

If your outgoings were more than your income when they gave you the loan,you could put a complaint in as they maybe did not check your eligibility for the loan,but apart from that i dont think you have a case here.[/QUOwell i have original financial report they done on me a clearly states incomes and outgoings do you not think she should have been more aware in selling due to my finances TE]

alcee12

i thought with me having more outgoings than income they broke banking codes say ,,,negliance i have original financial statement they done on me

amersall

You could put a complaint into the bank and enclose a copy of the financial statement and see what they say regarding this.
Let us know how you get on.

alcee12

got a phone call today from a very nice lady saying sorry that i had reason to complain and could i send the financial review they done on me so they can resolve the matter as soon as possible

alcee12

just an update got a phonecall today about loan complaint said i was mis sold this loan as there was some errors on application they said they will give me some of the interest back ......but i asked for bank charges also,,, so she said they will refund charges of £1800 towards loan then close it ,,,,my original loan was for £2500 then due to finance problems they reduced my payments but said i had to take a refinance loan so i did so all in all this loan is costing me £5997.00 if i let them put my charges to clear this loan ,,,,,,but they have admitted they were to blame about loan what should i do refuse this offer