Lloyds overdraft excess charges

oxfordshire88

I had an overdraft with Lloyds TSB which I am still paying back and the balance is now £3277 (the account has been closed for some time). The original amount was over £4000 which included around £1800 of bank charges.


The charges were mainly my fault through failed payment arrangements whereby the limit would decrease each month however I consistently missed payments and the charges mounted up.


I did query the charges as being excessive however they dismissed me due to the banks winning the court case.


My question is would I have any chance of getting my balance reduced and some of these charges written off? I could not claim under financial hardship as I can manage my bills etc.

-taff

You can ask but the chances are slim.

CKhalvashi

If there is some hardship element then they can still be reclaimed, and I have seen this happen numerous times.

There's no harm in asking if the hardship was the case at that time and you can prove this.

dunstonh

I had an overdraft with Lloyds TSB which I am still paying back and the balance is now £3277 (the account has been closed for some time). The original amount was over £4000 which included around £1800 of bank charges.

As the account has been closed, that must mean you defaulted and they have put you on a recovery basis to repay that debt.

My question is would I have any chance of getting my balance reduced and some of these charges written off?

if you are on a recovery basis then they may well accept a lump sum now for a reduced amount to settle the account rather than you paying back on drip. you can ask them.