We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lloyds TSB consumer debt Brighton
roxytoo
Posts: 47 Forumite
My partner has a debt that was passed to Brighton 17 years ago, we were paying £10 a month , then 3 years ago it was increased to £15 a month
They now want £50 a month, he rang them today , they said they were not a debt collection agency, they were lloyds TSB and the debt had been passed back to them 'in house'
He asked them to send the agreement which they said they would (but I don't think they will , we don't have anything in writing) and said his term had now expired on a 'verbal agreement 'made 3 years ago when he said he would increase payments
Is a verbal agreement binding? are they correct? we were told it would always be an interest free loan but suddenly told now if we dont pay them the new amount we would accrue arrears
They now want £50 a month, he rang them today , they said they were not a debt collection agency, they were lloyds TSB and the debt had been passed back to them 'in house'
He asked them to send the agreement which they said they would (but I don't think they will , we don't have anything in writing) and said his term had now expired on a 'verbal agreement 'made 3 years ago when he said he would increase payments
Is a verbal agreement binding? are they correct? we were told it would always be an interest free loan but suddenly told now if we dont pay them the new amount we would accrue arrears
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards