We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Interest redress on loan in arrears help.
BEAT_THE_DEBT
Posts: 2,219 Forumite
Hi i had a letter from Lloyds today saying a payment of £300 would be paid back to me because of interest charges, but the redress would be off the loan balance?
Is there any chance they would pay this to me and not off loan ?
If not good news anyway
btd
Is there any chance they would pay this to me and not off loan ?
If not good news anyway
btd
0
Comments
-
They are allowed to offset against monies owed which are in arrears or have defaulted.BEAT_THE_DEBT wrote: »but the redress would be off the loan balance?
There is no chance of you receiving this money personally unless perhaps you can provide very compelling reasons (more pressing debts) otherwise.0 -
They are paying it to you, just in a roundabout way.0
-
I thought so. I am happy anyway like you said it's being paid to me just off loan which is prob better 0
-
Make sure they take the whole PPI amount off the balance too.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards