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Lloyd’s and Barclaycard fees, interest refunded
EssexBeard
Posts: 2 Newbie
Hi all,
First time poster here so I hope I’ve put this in the right place to discuss...
Friday and Saturday post arrived with letters from Lloyds and Barclaycard with details of a refund of fees, charges and interest. They have review some operating practices and felt they weren’t always being helpful to those in sticky situations... nice!
I’m not really sure why this refund has come around or what the eligibility criteria of it is. Is anyone else aware of this?
Thing is I’m in an IVA so the refund is just being knocked off the total. Fair enough I suppose... part of the letter states “they will not look further into my case and provide further redress unless I contact them regarding any other circumstances or losses in relation to this”
Do you think I’d have a case of saying if it wasn’t for their irresponsible lending practices (card taken out had a £500 limit, final debt was £19,000 without a single review!) I wouldn’t be in an IVA, I’d not have spent £7k+ on fees with my IVA practitioner etc... just a thought...
First time poster here so I hope I’ve put this in the right place to discuss...
Friday and Saturday post arrived with letters from Lloyds and Barclaycard with details of a refund of fees, charges and interest. They have review some operating practices and felt they weren’t always being helpful to those in sticky situations... nice!
I’m not really sure why this refund has come around or what the eligibility criteria of it is. Is anyone else aware of this?
Thing is I’m in an IVA so the refund is just being knocked off the total. Fair enough I suppose... part of the letter states “they will not look further into my case and provide further redress unless I contact them regarding any other circumstances or losses in relation to this”
Do you think I’d have a case of saying if it wasn’t for their irresponsible lending practices (card taken out had a £500 limit, final debt was £19,000 without a single review!) I wouldn’t be in an IVA, I’d not have spent £7k+ on fees with my IVA practitioner etc... just a thought...
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Comments
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No. It sounds more like irresponsible borrowing.
At some point, you just need to stop spending.0 -
Couldn’t agree more. I was a stupid young irresponsible 23 year old issues with a credit card that never ended. Drew cash to pay it off lost in a cycle of huge interest and never being able to pay more than the minimum. I’m 100% sure it’s a story told a million times in these forums.
Changed man now who’s paying the price for lenders always saying yes. Now tidying my mess up0 -
The issue about the refund is not about responsibility.Do you think I’d have a case of saying if it wasn’t for their irresponsible lending practices (card taken out had a £500 limit, final debt was £19,000 without a single review!) I wouldn’t be in an IVA, I’d not have spent £7k+ on fees with my IVA practitioner etc... just a thought...
Very few "irresponsible" complaints succeed. A few do. Tends to be people with mental health considerations.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Lloyds group for sure are looking at these things, it was in the press last week, anyone in the Lloyds group (Halifax, Bank of Scotland etc) will be automatically looked at
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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