Lloyds tsb

wumimajesty1

i have a bank account with lloyds tsb since 2009 but i got 3k overdraft last year 0ct and i got a letter that my account will be closed within 60days,which means i must repay d overdraft. i used my account very well because after my wages and direct debit,i got money from my parent from nigeria every month in which i put into my account,at times i got income of 16k if i need to buy some things to nigeria through the money my parent sends,but my monthly balance could be just only £100 at d end of d month,i dont know why my acct should b closed and expect me to refund d overdraft 3k within 2month,and d bank told me if i dont pay it at that time,it will be passed to debt recovery,and i told them to let us make arrangement of £500 ever month but they said they will pass it to debt recovery if i dont pay within 60days,im working and i can be paying it monthly but is it going to affect my credit rating,plsss help me out and advice me plssss

FireWyrm

You account was closed because they suspect you of money laundering. There really isnt anything very much you can do about this. Your only option is to pay the overdraft balance and let them close the account.

Just a word of warning, the banks appear to talk to each other, so even if you manage to get another account, it too will be closed in short order. You really need to arrange your life so that you are not receiving large donations from abroad. Sorry

wumimajesty1

thanks,but they are not accepting monthly payment and i cant pay all within 60days.and threatening they will need to pass it to debt recovery

FireWyrm

There is nothing you can do short of taking out another loan to pay them. Your family seemed to have little issue sending you 16K, surely they can manage another three? The bank wont reconsider and there's nothing you can do about this, trust me. They WILL close the account and you will either have to pay the money, or deal with a debt collector.