Lloyds Bank pushed me to Bankruptcy

Storm1981

Takmon wrote: »

I wasn't given you moral advice i was simply saying if you think the bank should be telling you how to manage your finances then you shouldn't be managing them yourself.

As a financially responsible adult i would not want any bank telling me that i couldn't afford a product i applied for and i expect to be accepted.

If i was drowning in debt i would not be applying for an ever increasing overdraft and borrowing more and more money. You obviously have a spending problem if just spend whatever a bank will give you. So if you blame that on the bank then you will make the same mistake again unless you accept what you did wrong and change how you handle money.

With somebody who got problem with easy spending his money, which I'm aware I'm was or I'm still one of them is the same like with people addicted. But when you go to shop and you know that you are alcoholic why are you buying another bottle? You can,t refuse. And government can't ask all of the shop, so they don't sell alcohol for all of peoples addicted to this for a obviously reason. But bank are able to recognised, if somebody got spending problem. Maybe I don't understand or some of you are not aware of some of the rules bank have to follow. This rules are made by gov. It's call a "irresponsible lending" and in many case lender's have to pay compensation's for giving a loan or increasing a credit.

I heard a many answer's and it look like is something new and maybe if I go ahead it will be a long process, but if it get successful for me, it may give the others some idea and will aware all lender's to not give a loan without well checking peoples circumstances.

Also a couple answer's sound's to me like "why are you buying another bottle, go and get some help. Do something with your live and stop drinking". If somebody never had a problem will never understand how addiction is difficult to quit.

boo_star

Storm1981 wrote: »

With somebody who got problem with easy spending his money, which I'm aware I'm was or I'm still one of them is the same like with people addicted. But when you go to shop and you know that you are alcoholic why are you buying another bottle? You can,t refuse. And government can't ask all of the shop, so they don't sell alcohol for all of peoples addicted to this for a obviously reason. But bank are able to recognised, if somebody got spending problem. Maybe I don't understand or some of you are not aware of some of the rules bank have to follow. This rules are made by gov. It's call a "irresponsible lending" and in many case lender's have to pay compensation's for giving a loan or increasing a credit.

I heard a many answer's and it look like is something new and maybe if I go ahead it will be a long process, but if it get successful for me, it may give the others some idea and will aware all lender's to not give a loan without well checking peoples circumstances.

Also a couple answer's sound's to me like "why are you buying another bottle, go and get some help. Do something with your live and stop drinking". If somebody never had a problem will never understand how addiction is difficult to quit.

Alcohol is physically addictive, borrowing money is not.

Paul_DNAP

boo_star wrote: »

Alcohol is physically addictive, borrowing money is not.

Compulsive habitual behaviours can be just as difficult to break as a physical substance addictions.


(But it's still not Lloyds' fault.)

boo_star

Paul_DNAP wrote: »

Compulsive habitual behaviours can be just as difficult to break as a physical substance addictions.


(But it's still not Lloyds' fault.)

Of course, but the OP trying to make comparisons to physical addiction is ridiculous. Or any addiction for that matter.

Paul_DNAP

boo_star wrote: »

Of course, but the OP trying to make comparisons to physical addiction is ridiculous. Or any addiction for that matter.

Oh yeah, the OP is being completely ridiculous, no arguments there - ironically the trait of trying to blame everybody but yourself for what you've wrought is actually something that addicts tend to do a lot of too.

Takmon

Storm1981 wrote: »

With somebody who got problem with easy spending his money, which I'm aware I'm was or I'm still one of them is the same like with people addicted. But when you go to shop and you know that you are alcoholic why are you buying another bottle? You can,t refuse. And government can't ask all of the shop, so they don't sell alcohol for all of peoples addicted to this for a obviously reason. But bank are able to recognised, if somebody got spending problem. Maybe I don't understand or some of you are not aware of some of the rules bank have to follow. This rules are made by gov. It's call a "irresponsible lending" and in many case lender's have to pay compensation's for giving a loan or increasing a credit.

I heard a many answer's and it look like is something new and maybe if I go ahead it will be a long process, but if it get successful for me, it may give the others some idea and will aware all lender's to not give a loan without well checking peoples circumstances.

Just because you can't manage your money properly it shouldn't stop other people who are responsible from getting credit. If lots of people keep making complaints and asking to be treated like children by the banks then they will start implementing tighter controls and responsible people will lose out.

Banks are not going to lend to people who they think won't be able to repay it because they will end up losing money. So the bank must have thought you could afford it. Just because you are not managing your money properly it isn't the banks problem.

colsten

Storm1981 wrote: »

So why Littlewood is different? Why Littlewood have to look in to circumstances of person asking for increasing the credit limit, and now in many cases they have to pay back? And Littlewood is not the only company I'm aware facing this at the moment.

4 years ago it was obviously for me: I ready contract, accept, sign and is end of the story !!! I'm should know what I'm doing and take full responsibility. So where all this PPI came from? Where all this miss sold live insurance etc. People sign document's, and at least government take care of them and realised so bank got a many way's to get money from customers, play not fair by putting well knowledge manager on front of desperate customer and making him to believe he is getting something he need. Government is looking at many cases so I just hope Lloyds bank will pay one day for changing the way how he charge for overdraft.

I find it hard to believe what I read here. Are you seriously suggesting you should not have any responsibility about your own financial affairs, and those that you managed to borrow money from should be made to, effectively, gift it to you? If you expect sympathy, or even just empathy, from anyone, don't look at me because you won't be getting any from me.

colsten

Storm1981 wrote: »

ok like is something new and maybe if I go ahead it will be a long process, but if it get successful for me, it may give the others some idea and will aware all lender's to not give a loan without well checking peoples circumstances.

No, all that would happen is that banks wouldn't lend any longer as they couldn't get their money back.

eskbanker

Storm1981 wrote: »

I feel like Lloyds Bank by accepting my Overdraft to £5000 and after that changing the way I have to pay for this did something really bat to me.

My question is, can I claim any compensation now from Lloyds for all this?

So Lloyds lent you £5K and you didn't pay any of it back (just the interest, initially) before going bankrupt and they've therefore already lost £5K to you, but you'd like some more?

Humdinger1

Storm

If you're still struggling, have you considered talking to one of the free money charities such as CAP? They can help you work through any situation, negotiate with all creditors etc. You sound stressed. Good luck and keep us posted