Lloyds Tsb - Spying on me???

Lyndzzz

Miss_Poohs wrote: »

Do you have a local credit union? I'd be thinking of putting it there.

whats a local credit union???:o

DVardysShadow

Lyndzzz wrote: »

i think im just paying minimal interest on the loan, they have offered me a 1600 settlement, but at the time it asa bit more than i could afford, i offered them 1100 which the refused and basically laughed at!! altho, now, i am quite tempted to ask for the 1600 now just to get rid of it. really dont want to deal with lloyds anymore, esp if they can get hold of my halifax account

Get that £10000 out of Halifax now!

They can take it under their right of 'offset' to pay whatever you owe in full. Obviously, the cat is out of the bag now, regarding how much you have available, so they may even withdraw the £1600 offer and want 100%. Put the money somewhere else and deal with the rest of your creditors - and pay any surplus back to MiL. I think you may not be able to do F&F with them for a while.

fermi

Lyndzzz wrote: »

whats a local credit union???:o

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> Credit Unions: Local community savings & loans

Also PLEASE read:

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> Setting Off Rules: DON'T bank where you’ve got debts

Tixy

OP ideally MIL should have kept the money and if you got F&Fs agreed then paid it over direct - this obviously keeps the money safe but usually when people write to offer F&Fs they say that a family member is offering the money (so that creditors cannot refuse the offer and demand any money you have put aside for the F&F).
If the family member is offering to pay its preferable that it is them that actually pays.

Goodtimesahead

Lyndzzz Get the cash out quick, these thieving besterds can take money in a flash, try and get it back in a hurry too! Best for whoever gave you /loaned you the money to keep it in their account and you can ask them to draw down on it as and when you need it. Don't take any chances mate!