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Lloyds right to off set

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Comments

  • ryan008
    ryan008 Posts: 30 Forumite
    10 Posts Second Anniversary
    Yeah that’s what baffled me as Lloyds let me signup to a club account but once all come through I’ll close it down. Thanks for advice.
  • ryan008
    ryan008 Posts: 30 Forumite
    10 Posts Second Anniversary
    Managed to find the letter from Halifax April 2024 the debt has been sold to link financial. Can’t read anything in terms of Lloyds that they can use right off set third party. So should be fine?
  • Nasqueron
    Nasqueron Posts: 10,995 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    ryan008 said:
    Managed to find the letter from Halifax April 2024 the debt has been sold to link financial. Can’t read anything in terms of Lloyds that they can use right off set third party. So should be fine?
    If it's sold with no right of clawback then yes but equally they can simply refuse you an account from a blacklist they keep internally

    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.

  • ryan008
    ryan008 Posts: 30 Forumite
    10 Posts Second Anniversary
    Yeah no it’s all good got the club Lloyds account up and running. 
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