lloyds loan

taka1

-got a loan with lloyds tsb in 2005
-till 2007 l was servicing the loan as per agreement
-l started having financial difficulties in 2007, early 2008
-l made a payment agrrement of £100 with lloyds tsb
-a few months ago l offered a settlement payment of £500 to lloyds tsb
-they did not accept my offer
-prior to me putting down this offer l had written to them numerous time expressing my difficult financial position
-my credit file now states that l have defaulted the account

what shall l d please help, l am trying to be debt free

Hax

taka1 wrote: »

-got a loan with lloyds tsb in 2005
-till 2007 l was servicing the loan as per agreement
-l started having financial difficulties in 2007, early 2008
-l made a payment agrrement of £100 with lloyds tsb
-a few months ago l offered a settlement payment of £500 to lloyds tsb
-they did not accept my offer
-prior to me putting down this offer l had written to them numerous time expressing my difficult financial position
-my credit file now states that l have defaulted the account

what shall l d please help, l am trying to be debt free

Hi

I would suggest that you head to the Debt Free Wannabe board on this site, have a read of this thread and then make a post with your Statement Of Affairs. People there will hopefully be able to give you some advice on how to tackle your situation.

Good luck!

zppp

taka1 wrote: »

-got a loan with lloyds tsb in 2005
-till 2007 l was servicing the loan as per agreement
-l started having financial difficulties in 2007, early 2008
-l made a payment agrrement of £100 with lloyds tsb
-a few months ago l offered a settlement payment of £500 to lloyds tsb
-they did not accept my offer
-prior to me putting down this offer l had written to them numerous time expressing my difficult financial position
-my credit file now states that l have defaulted the account

what shall l d please help, l am trying to be debt free

A few options here;

1. Continue making repayments of £100 per month until you are debt free.
2. Negotiate to reduce your monthly repayment with the help of CAB, CCCS and National Debline.
3. Save up and make an increased offer of full and final settlement.

You may want to post a statement of affairs on the Debt Free Wannabee board, and you will get a very specific response based on your financial situation.