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Old 'Missed' Lloyds Loan Payments
loveandlight
Posts: 1,200 Forumite
Hi guys,
Sorry this is a bit of a long post but I can't do short ones.
I was reading one of the threads on here about banking last week and a poster said that the bank hold all information on you regardless of how old it is, of any missed or late payments, even if it was many years ago.
I had a situation about 15yrs ago when I took out a Lloyds unsecured loan over 5yrs and never missed a payment. However unbeknown to me, the computer Lloyds was using at the time recorded me as having missed 3 payments. I only found out about the alleged defaults as the loan was coming to an end and the end date the bank gave me was different from what it should have been. Around the same time I applied for another bank account and they turned me down and obviously those alleged defaults were the reason.
I went through all my annual bank loan statements the bank sent me every year about the loan and spotted that at the end of each statement, instead of carrying over my payment to the next statement, the computer didn't record it at all even though I had made the payment. The bank wrote to me and apologised saying that it was indeed their banks computer glitch error.
Two things spring to mind.
1. I wonder how many other people this has happened to in the past who don't realise Lloyds had this problem as it would have happened to everyone with a lloyds loan, not just me, and
2. Should I be checking with Lloyds now to ensure that even though it was approx 15yrs ago, their records are not still showing me as a past defaulter?
Sorry this is a bit of a long post but I can't do short ones.
I was reading one of the threads on here about banking last week and a poster said that the bank hold all information on you regardless of how old it is, of any missed or late payments, even if it was many years ago.
I had a situation about 15yrs ago when I took out a Lloyds unsecured loan over 5yrs and never missed a payment. However unbeknown to me, the computer Lloyds was using at the time recorded me as having missed 3 payments. I only found out about the alleged defaults as the loan was coming to an end and the end date the bank gave me was different from what it should have been. Around the same time I applied for another bank account and they turned me down and obviously those alleged defaults were the reason.
I went through all my annual bank loan statements the bank sent me every year about the loan and spotted that at the end of each statement, instead of carrying over my payment to the next statement, the computer didn't record it at all even though I had made the payment. The bank wrote to me and apologised saying that it was indeed their banks computer glitch error.
Two things spring to mind.
1. I wonder how many other people this has happened to in the past who don't realise Lloyds had this problem as it would have happened to everyone with a lloyds loan, not just me, and
2. Should I be checking with Lloyds now to ensure that even though it was approx 15yrs ago, their records are not still showing me as a past defaulter?
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