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Lloyds TSB old account debt caused by charges ?
saoirse22
Posts: 1 Newbie
Hi All
This is my first post here so im sorry for starting with a moan. I'll get strait in to the story...
In 2008 I had a current account with lloyds and I also took out a loan, about 3 months after taking out the loan I lost my job, my house and subsequently my wife and apparently my mind. I ran from my loan and defaulted on it, my current account was on zero and had no expected direct debits other than the loan.
At some point a charge was applied to the current account and as I had no overdraft agreed a charge was applied to this, as far as I can tell this continued happening until the account was £980 over drawn and this debt was eventually sold to lowells.
So fast forward to modern day, I finish university, get an OK job and decide its time to sort myself out I contacted lloyds and was told that the loan account had been sold to lowells and I should contact them. I did and they had on file an account for 960 with the charges they applied I thought this was about right on the 1000 I originally borrowed I set up a payment plan and am currently paying that.
Then out of no where a month a go another lloyds account turned up as well as an account with lowells on my credit file. I have contacted lloyds and talks there seem to be breaking down.
The date of default will be 6 years in march next year however I do not want to wait. I am unsure as to even the legality around the debt that was sold to lowells as I feel that allowing the bank charges to add up like this was wrong on lloyds part.
So really Im after some advice and guidance as to possible next steps, can any of you help me. where should I turn ? I have absolutely no way I can afford paying off this extra 1000 pounds and even if I could I would argue that this debt is at best dubious.
Thankyou all in advance
This is my first post here so im sorry for starting with a moan. I'll get strait in to the story...
In 2008 I had a current account with lloyds and I also took out a loan, about 3 months after taking out the loan I lost my job, my house and subsequently my wife and apparently my mind. I ran from my loan and defaulted on it, my current account was on zero and had no expected direct debits other than the loan.
At some point a charge was applied to the current account and as I had no overdraft agreed a charge was applied to this, as far as I can tell this continued happening until the account was £980 over drawn and this debt was eventually sold to lowells.
So fast forward to modern day, I finish university, get an OK job and decide its time to sort myself out I contacted lloyds and was told that the loan account had been sold to lowells and I should contact them. I did and they had on file an account for 960 with the charges they applied I thought this was about right on the 1000 I originally borrowed I set up a payment plan and am currently paying that.
Then out of no where a month a go another lloyds account turned up as well as an account with lowells on my credit file. I have contacted lloyds and talks there seem to be breaking down.
The date of default will be 6 years in march next year however I do not want to wait. I am unsure as to even the legality around the debt that was sold to lowells as I feel that allowing the bank charges to add up like this was wrong on lloyds part.
So really Im after some advice and guidance as to possible next steps, can any of you help me. where should I turn ? I have absolutely no way I can afford paying off this extra 1000 pounds and even if I could I would argue that this debt is at best dubious.
Thankyou all in advance
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