Lloyds Loan mis-sold?

Gordon_Hose

Chickusdickus wrote: »

if anything, i think you feel good that I've suffered.

Not at all. The basic facts here are you made a post with very little information to go on, some posters responded to that post based on the information given at the time.

In a later post you gave a little more detailed information.

Then you insulted everyone who had posted.

Then you were told the truth, that your loan wasn't mis-sold and the only fraud that had occurred had been between the bank and an employee of that bank. I suspect this is why the guy was shown the door.

Then you insulted everyone again.

The whole way through you have tried to blame everyone else and avoided taking responsibility for walking into that bank and taking out a loan, instead of increasing your overdraft like you had planned. I wonder if you had increased your overdraft that day, would you be here now? I suspect not.

Chickusdickus

I didn't know about the lie. I'm not deceiving anyone here. It's a straight up question.

I met my current girlfriend, she works for lloyds, she looked on the system and noticed the notes saying I showed bank statements proving i had income with RBS.

I didn't.

I filed an enquiry, not a complaint. They reluctantly accepted a certain amount of responsibility. Why on earth would they offer me what they did at all If i had no grounds?

He lied, he worked for the bank, the bank and him are the same entity, he represents the bank. He falsified records and made it possible for me to take out a loan where I should not have been able to.

Chickusdickus

Where have a blamed 'everyone'?

I was insulted forst. do you not recognise it?

Gordon_Hose

They had already cleared you for £20k. They wouldn't have performed any credit checks because their in-house scoring system had flagged you as a safe bet based on your account conduct.

Even though the guy lied on the application, the loan was not mis-sold. They offered it, you took it. It's a simple as that. If you knew full well you couldn't afford it, why take the loan?

Jeez.

ILW

Chickusdickus wrote: »

I didn't know about the lie. I'm not deceiving anyone here. It's a straight up question.

I met my current girlfriend, she works for lloyds, she looked on the system and noticed the notes saying I showed bank statements proving i had income with RBS.

I didn't.

I filed an enquiry, not a complaint. They reluctantly accepted a certain amount of responsibility. Why on earth would they offer me what they did at all If i had no grounds?

He lied, he worked for the bank, the bank and him are the same entity, he represents the bank. He falsified records and made it possible for me to take out a loan where I should not have been able to.

That is where you argument falls down.

It is up to the bank whether they lend or not.

They do not have to justify the decision to anyone.

somethingcorporate

You signed the falsified document, complicit in the loan fraud.

antrobus

Chickusdickus wrote: »

...I met my current girlfriend, she works for lloyds, she looked on the system and noticed the notes saying I showed bank statements proving i had income with RBS.
...

Your girlfriend looked up your details on the Lloyds system, and then disclosed the information to you?

I'd keep quiet about that. Lloyds would probably sack your girlfriend if they knew she'd done that.

Tixy

People on this forum are not 'on the side' of the banks. From what you have posted I don't think anyone on here would think that the bank should have offered you a loan of £7500 had they known the full facts of your situation at the time. But it was their lending decision and they can base it on what they like. They of course take the risk that you default, which you did. And they are suffering in that you are now only making token payments.

And most posters on here acknowledge that banks use hardselling tactics, but people have to be responsible for their own actions as well.

Many people on these forums have made loads of financial mistakes and ended up in a terrible mess, including some posting on this thread. Many who come on MSE are looking for help to get themselves out of that mess, for some thats knuckling down and paying off the debt and at the other end for some people thats making the hard decision to declare bankruptcy.

This thread isn't going to provide you with the answers you want as the people here don't have all the information about your circumstances, the letters between you and the bank etc. It may well be worth pursuing to see if you can get a goodwill reduction to your debt, as was offered previously, or even a slightly better offer. But it will not change the fact that you borrowed the money and legally owe it.

And it sounds like even with a reduction to your debt (if they agree to it) you cannot afford to keep up repayments on your debts and token payments are usually only a short term option.
You mentioned bankruptcy at one point - have you been in touch with one of the debt advice charities about your possible options and what might be suitable for you? If not then I would recommend you do speak to one of them.

Chickusdickus

Oh God, i'll work backwards thru the thread.

Antrobus, it is not illegal to request the notes. They are YOUR notes, customer notes. They are a transcript of the interview. This is the problem with opinions!

Somethingcorporate, I'm repeating myself with you here. I did NOT sign a falsified document. It was system notes unbeknownst to me at the time.

ILW I am not arguing nor have I ever been on here. i asked a question and have since been defending myself for it. However, i couldn't agree with you more on your 3 points. I know they can bend the rules to suit you or them.

NOW, if I have your attentions please, back to my initial point.

Based on this knowledge that he falsified my notes, claiming I had proof of earnings thru another bank (bearing in mind this is a clear stipulation of the loan) if there room for a forfeiture of the contract?

Yes, or No? with full disclosure please.

Chickusdickus

Tixy!!!!!!!!!!! that is a perfectly polite answer and I thank you for it. Sincerely. Wow how the breeze can change