Lloyds TSB Split

stclair

Lith wrote: »

So does anyone have any idea what the Lloydes debit cards look like ? do they exist yet?


People on here saying they got 'TSB' debit cards not sure if thats true though.

They do not exist yet new cards being sent are lloyds tsb branded.

MoneySaverLog

And all those Lloyds TSB cards are going to have to be rebranded as Lloyds too I guess.

gbhxu

Helix wrote: »

No of course not, even if the bank went under the debt would get sold on.

Don't see how this is possible!

1) My contract would be with a non-existing company.

2) Breach of Data Protection Act by giving out personal details to a third party without my authority

pmduk

If you read through the thread you'll see that the bank has the right to assign, ie sell your account on to other parties.

You gave the authority for this when accepting the terms and conditions.

opinions4u

gbhxu wrote: »

Will the split invalidate credit agreements?

As far as I am concerned I'll have a credit agreement with a company that no longer exists

Try not paying and see what happens.

System

What company no longer exists?

Lloyds TSB bank plc [Lloyds Bank plc ]
or
Lloyds TSB Scotland plc [TSB Bank plc ]

gbhxu wrote: »

As far as I am concerned I'll have a credit agreement with a company that no longer exists

JuicyJesus

pmduk wrote: »

If you read through the thread you'll see that the bank has the right to assign, ie sell your account on to other parties.

You gave the authority for this when accepting the terms and conditions.

Even without the terms and conditions, it's in law that debts can be assigned to others.