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Bank Charges was in financial difficulty at time, now paid off - can I still claim?
goodthingsareheadingmyway
Posts: 1 Newbie
Hi
I joined a debt management company to pay off debts that had crept out of control. One of these debts was £2200 overdraft with Lloyds bank. I continuosly paid an amount for 4 years ranging between £40 to £90 a month to pay off the debt. Every time a new agreement needed to be made with Lloyds through the debt management company (which Lloyds dragged out) I incurred massive charges. I paid over £2000 in charges on a £2200 overdraft over 4 years. A family member eventually lent me the money to pay off the last of my debt (which was mainly the £2200 overdraft), and so I have no debts with any banks. I want to see if I can reclaim the extortionate amount of money charged by Lloyds, and I know you can only do this if "you are in financial hardship." Can you do this post a terrible financial situation, or do you still need to be "in strife" for them to pay out? If I hadn't had help I would still be paying till I'm 65! Any help would be greatly appreciated
):j
I joined a debt management company to pay off debts that had crept out of control. One of these debts was £2200 overdraft with Lloyds bank. I continuosly paid an amount for 4 years ranging between £40 to £90 a month to pay off the debt. Every time a new agreement needed to be made with Lloyds through the debt management company (which Lloyds dragged out) I incurred massive charges. I paid over £2000 in charges on a £2200 overdraft over 4 years. A family member eventually lent me the money to pay off the last of my debt (which was mainly the £2200 overdraft), and so I have no debts with any banks. I want to see if I can reclaim the extortionate amount of money charged by Lloyds, and I know you can only do this if "you are in financial hardship." Can you do this post a terrible financial situation, or do you still need to be "in strife" for them to pay out? If I hadn't had help I would still be paying till I'm 65! Any help would be greatly appreciated
):j 0
Comments
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financial hardship criteria applies to your current position. Not one in the past I'm afraid.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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