10k Debt to lloyds tsb

tom129

Hello I'm after some advice. A friend of mine (its really a friend its not me ) currently owes around 10grand to Lloyds tsb in the following form

Overdraft £900
Loan £1600
Credit card £7400

she is struggling to pay them monthly payments and is considering a debt management company

There are so many does any one recommend any good ones

Tixy

If she is considering a Debt management plan then she should only be consulting with one of the charities - IMPORTANT - Where to seek professional impartial advice about your debts. Not someone who is out to make money from her predicament.

Clarie_2

I'm with Tixy - from reading this forum time and time again people have been stung by paying companies to do what charities do for free, and they do it well.

Clarie

PS it might be worth your friend getting her current account with someone not Lloyds, as if she does miss a payment they are within their rights to take the money out of any other accounts they have with her.

FTW

tom129 wrote: »

Hello I'm after some advice. A friend of mine (its really a friend its not me ) currently owes around 10grand to Lloyds tsb in the following form

Overdraft £900
Loan £1600
Credit card £7400

she is struggling to pay them monthly payments and is considering a debt management company

There are so many does any one recommend any good ones

Insofar as the loan and credit card accounts go, if a debt collection company is involved, it may be worth CCAing them.

But she decides what she can comfortably afford as far as the rate of repayments go - not Royds.

And yes, I think she should set up a parachute account with a bank unaffiliated with Royds, and use that one instead.

loubridle

The Consumer Credit Counselling Service which is a registered charity helped me.
I could not thank them enough for the help and advice I recieved , I now have some light at the end of the tunnel and can sleep and breath easyier.

mozzyc

CCCS, Payplan, CAB, National Debtline.