Lloyds TSB older loans

[oscar]

Re: Lloyds TSB older loans

I know I had a loan with these (am sure it was 2003 possibly 2004. I used to have it cos it was on an old credit report.

Am not sure if there was PPI on it, but would say probably because of how it was sold back then.

Is it worth writing to them on a whim? (obviously giving as much info as possible) Not much point in a SAR as the loan is my only association with them.

[pompeyfaith]

Re: Lloyds TSB older loans

Oscar,

You could do a £1 CCA request as thet will get you the agreement and should tell you if you paid PPI or not.

That will also give you some figures to go on to work out what you are due.

Worth the £1 me thinks

Regards

[oscar]

Re: Lloyds TSB older loans

Oscar,

You could do a £1 CCA request as thet will get you the agreement and should tell you if you paid PPI or not.

That will also give you some figures to go on to work out what you are due.

Worth the £1 me thinks

Regards

I think they can hide behind the 6 year rules for CCA - plus I didnt actually have any account details.

I have actually found the credit report on which it shows the loan, so have the term and monthly payment. From those I think I can pretty much deduce there was NO ppi - the payment is too low in my opinion. Plus the loan was only for 6 months (as was settled with another loan) so wouldnt be too much if it was on there anyway.

[pompeyfaith]

Re: Lloyds TSB older loans

I think they can hide behind the 6 year rules for CCA

They can until you throw S32 of limitation act at them.

32 Postponement of limitation period in case of fraud, concealment or mistake.

(1) Subject to [F26subsection (3)][F26subsections (3) and (4A)] below, where in the case of any action for which a period of limitation is prescribed by this Act, either—
(a)the action is based upon the fraud of the defendant; or
(b)any fact relevant to the plaintiff’s right of action has been deliberately concealed from him by the defendant; or
(c)the action is for relief from the consequences of a mistake;
the period of limitation shall not begin to run until the plaintiff has discovered the fraud, concealment or mistake (as the case may be) or could with reasonable diligence have discovered it.
References in this subsection to the defendant include references to the defendant’s agent and to any person through whom the defendant claims and his agent.
(2)For the purposes of subsection (1) above, deliberate commission of a breach of duty in circumstances in which it is unlikely to be discovered for some time amounts to deliberate concealment of the facts involved in that breach of duty.
(3)Nothing in this section shall enable any action—
(a)to recover, or recover the value of, any property; or
(b)to enforce any charge against, or set aside any transaction affecting, any property;
to be brought against the purchaser of the property or any person claiming through him in any case where the property has been purchased for valuable consideration by an innocent third party since the fraud or concealment or (as the case may be) the transaction in which the mistake was made took place.
(4)A purchaser is an innocent third party for the purposes of this section—
(a)in the case of fraud or concealment of any fact relevant to the plaintiff’s right of action, if he was not a party to the fraud or (as the case may be) to the concealment of that fact and did not at the time of the purchase know or have reason to believe that the fraud or concealment had taken place; and
(b)in the case of mistake, if he did not at that time of the purchase know or have reason to believe that the mistake had been made.
[F27(4A)Subsection (1) above shall not apply in relation to the time limit prescribed by section 11A(3) of this Act or in relation to that time limit as applied by virtue of section 12(1) of this Act.]
[F28(5)Sections 14A and 14B of this Act shall not apply to any action to which subsection (1)(b) above applies (and accordingly the period of limitation referred to in that subsection, in any case to which either of those sections would otherwise apply, is the period applicable under section 2 of this Act).]

[pompeyfaith]

Re: Lloyds TSB older loans

That is a very good piece of legislation and safe guards many PPI claims as many consumers did not know they where paying it so the 6 yr rule does not start ticking until the PPI (a financial wrong) is discovered.

I used that very effectively on one of my co-op loans dating back to March 1999.

[oscar]

Re: Lloyds TSB older loans

Thanks pompey. I am pretty sure the lloyds one is the oldest loan I have - I cant be sure, but short of blanket bombing EVERY financial institution there is, I wont be able to find out!

[di30]

Re: Lloyds TSB older loans

Oscar

I note that lots have actually called into their local branches, spoken to the branch manager, and they have on request found the details on files, maybe worth you doing the same as well.

[oscar]

Re: Lloyds TSB older loans

Worth a go I suppose, its right by work!