Where do I stand?

Empire1

Hi, First post, I'm totally new here.

Many years ago, maybe 6 or 7, I went overdrawn with Lloyds. I can't remember the exact amount, I think it might have been like 80 quid.

I vaguely remember there was a temporary overdraft set up for a few days to clear this or something like that. Anyway, I have not used the account since then, I've moved around a lot, I don;t even get statements from them. In fact I completely forgot about it until today.

I checked my credit report and Lloyds have charged me £900 in charges and scarred my credit report as a default.

Am I able to get these charges dropped or reduced at all? it seems a bit excessive, and obviously having no contact with them I didn't even realise I owed them.

What to do?

DevCoder

It's your responsibility to manage your finances. That includes not "forgetting" about accounts.

Banks will only consider refunding charges if the person is in hardship and that means no luxuries, no sky, no mobile contracts, no excessive spending. They will check bank statements (or ask for them) before considering such requests.

Most banks will also only go back 6 months maximum in a hardship claim.

When was the default registered, after 6 years it falls off your credit report although the debt still exists.