Last september i paid off a loan of £5000 in full to lloyds tsb. i recieved a letter saying that they had received the cheque and that the balance had been paid in full. My account was closed and removed from my credit rating. This week i received a letter saying that i still owed Lloyds TSB the money the cheque i sent had gone missing and that if i didnt pay them they would issue court proceedings. What Can i do?????
2007-07-05 02:23:57 · 13 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If you have lost the letter, if you can remember the date/month, look through your statements either paper ones or online (online will be easier as you can type in the month and year, and it will show the £5000 transaction. Print this off and send it to them as some sort of proof.
Also, ask them if there is some sort of record on their side of having sent out this confirmation letter.
Also point out, that, if as they claim, you owe them £5000, why have they not been in contact sooner as obviously if you hadn't sent them the cheque, you would have continued to pay your monthly fee back, and I'm presuming you had a direct debit set up for this. They wouldn't have let you cancel this surely if you had an outstanding amount. Good luck.
2007-07-05 09:22:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Take the letter you recieved that says the loan is paid in full. That should settle the matter, unless there was some problem with the cheque you paid with, like insuficient funds or some other nonsense. The letter that was sent is your receipt varifying that the loan has been repaid. If they mishandled the cheque, it is not your problem. If the cheque was not cashed, there will be an amount of cash somewhere that you can draw on to pay the loan off. If it was cashed, they have the funds and where those funds are is their problem.
2007-07-05 02:36:15 · answer #2 · answered by fangtaiyang 7 · 0⤊ 0⤋
If you have the letter from Lloyds TSB saying the loan had been repaid then you need to send them a copy. Otherwise, if the cheque was cashed then the Bank on which you drew the cheque (I assume it was a different bank) can provide you with evidence of this. If the cheque went astray before it was cashed then you still have the money and should pay as requested.
2007-07-05 02:30:33 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Yes, you can open accounts in the future, but you will more than likley need to pay these debts first. Some banks will allow you to open a savings, but more than likly not checking. And you definatly wont be able to open any account at these branches without paying off the money. Banks are fairly quick about reporting to credit agencies. I would say they are/were reported with in 30-60 days of delinquincy. You need to calm down and make out a budget. You really arent that far in debt yet, make a plan before you are. Assuming you have a job, take 50$ a week or pay check or whatever, and apply it towards the neg balance of one of your accounts. Start with the smallest one first, so that ou see progress. Even after you pay these debts, it may leave some neg credit on your report, so be aware when applying for other lines of credit in the near future.
2016-05-18 22:10:31 · answer #4 · answered by ? 3 · 0⤊ 0⤋
Phone the bank that you had your cheque book from, that you paid them with, ask them if the cheque as been cashed, if so who by, tel them that you are having trouble with Lloyd's tsb and ask if they will send you a copy of the cheque, if the cheque as not been cashed, then you should have the money still in your account.
2007-07-05 05:33:55 · answer #5 · answered by Baz 5 · 0⤊ 0⤋
Do you still have the letter they sent you advising the loan had been paid off or any other documentation that can prove you paid off the loan. If so, arrange a meeting with your bank to discuss why they've sent you a demand letter.
If not, you will still need to arrange the meeting, otherwise they may levy charges on your account.
Good Luck
2007-07-05 02:33:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Hopefully you still have the letter that you received from them that said it was paid off. I would submit that with a note stating that you don't owe them anything. They cannot make you pay for a debt twice.
So if they keep threatening you with court, you could either seek an attorney who specializes in debts and have him send them a letter, or bring your letter to court that your debt was paid in full.
2007-07-05 02:34:19 · answer #7 · answered by Big Bear 7 · 0⤊ 0⤋
Fax them the letter showing paid in full. Try to get a supervisor on the phone because customer service at alot of lenders SUCK they will give you the run around. Take down names and the times you spoke to the Supervisor. Make sure you fax that letter and also follow up to make sure they received it or it can get lost in the shuffle . Good luck
2007-07-05 02:29:00 · answer #8 · answered by WeLoan.Us 2 · 1⤊ 0⤋
You must know if the cheque that you sent was actually cashed and the money was removed from that account ?
If it was then you don't owe any money, if not dig deep and pay up!
2007-07-05 02:30:37 · answer #9 · answered by ALLEN B 5 · 1⤊ 0⤋
show them proof that you paid off the loan. such as a copy of the check, a letter stating it was paid in full.
2007-07-05 02:49:09 · answer #10 · answered by ♥Charmed One♥ 7 · 1⤊ 0⤋