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my loan tabertha

I had a loan from Lioyds TSB Bank,to help my son out, i have been paying £290 monthly, because he went off & left me to pay it, i am retired, i do work partime, but what with my bills, i am finding it difficult, i wondered if the bank would put the payments down, i have been paying it for 3yrs now. thankyou.

Comments

  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    There are ways to reduce your payments, but I would suggest that you seek some proffessional advice (try the CAB) before you go to the bank. They may try to re-negociate over a longer term, with lower monthly payments, and this could mean that you end up paying much more in the long run.
    How much, and over what length of time, was the oiriginal loan for and what was the interest?
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
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