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  • #16
    Originally posted by Spent2much View Post
    The check is from Lloyds bank and it says - we're making a payment to you .
    Before we moved the balance on your personal current account to Lowell, we added some interest and charges when we shouldn't have, I'm sorry this happened and I'm refunding this amount .

    As the account is now closed, I've enclosed a cheque for 120.49 , which includes an 8% compensatory interest payment on your refund. YOu can see the breakdown of how we worked out this payment on the back of this letter, as well as some information about tax . The cheque is valid for six months .

    Our debts are nearly statute barred - will this affect this account that is now with Lowell even though the Lloyds banks has said this account is now closed ?

    Is the history of this debt on the forum somewhere?

    I'm curious about Lloyds use of the word "moved" your account to Lowells. They don't "move" accounts - they sell/assign the account after they've terminated it (assuming you've posted that letter word for word).

    You think it was assigned to Lowells (did you get the Notice of Assignment?) so how can Lloyds have subsequently closed it when they no longer own it (that's a rhetorical question ).

    Perhaps they recalled it from Lowells when they discovered the error. This may have had an impact on your Statute Barred issue but they also say it's closed so they're unlikely to take action.

    How much is/was the outstanding balance?

    Di
    Legal Disclaimer

    I am a Litigation Executive at Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

    Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

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    • #17
      Originally posted by Diana Mayhew View Post


      Is the history of this debt on the forum somewhere?

      I'm curious about Lloyds use of the word "moved" your account to Lowells. They don't "move" accounts - they sell/assign the account after they've terminated it (assuming you've posted that letter word for word).

      You think it was assigned to Lowells (did you get the Notice of Assignment?) so how can Lloyds have subsequently closed it when they no longer own it (that's a rhetorical question ).

      Perhaps they recalled it from Lowells when they discovered the error. This may have had an impact on your Statute Barred issue but they also say it's closed so they're unlikely to take action.

      How much is/was the outstanding balance?

      Di
      Hi-It is on the forum in my diary - I've a lot on lately but its resolved now so will look for the letter . Thanks


      Originally posted by Spent2much View Post
      • Type of account (overdraft with lloydstsb)
      • Date commenced (2005)
      • Approx balance.( 644.67
      • Date last paid (22/06/2012)
      • Are you on arrangement or not paying (stopping dmp )
      • Status (default/letter recieved today, )
      • Account owner (iQor on behalf of their client )
      Last edited by Spent2much; 29th May 2018, 12:43.
      _______________________________________



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      • #18
        12/07/2014-LLOYDS BANK
        Lloyds has assigned all of its respective rights, title and interest in respect of the above reference account (including the outstanding balance ) to Lowell Portfolio l Ltd effective 24/06/2014

        30/01/2015 Lowell
        lloyds have no record of a CCA on this account so Lowell are closing the account and will not contact me again , they are sorry for any distress or inconvenience caused and trust this now concludes the matter .


        Seems like good news all round, with a bonus payment to boot.

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