Hi,
With the rumours rife about HBOS merging with Lloyds - where does that leave say someone like me who has an Account with Lloyds......but Halifax is one of my creditors.
Will this be a problem, or do I need not worry.
k.
I dont think the merger would result in them being able to offset funds from one account to the other. May well mean job losses and more people coming on here to talk about debt worries though.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Well that's good news - I mean about not losing our money.....not the poor people that may lose their jobs.
Somehow being in an IVA becomes more attractive as this credit crunch continues (as long as we can keep our jobs!).
k.
Hi Andy,
Just to confirm that Lloyds TSB can-not 'dip' into my Halifax web saver account then now that I am in an IVA?
Is it true that they can still have the option of closing my account down thou?
I pay my contingency funds into my Halifax account once a month in case of emergencies etc and I would hate it if they could grab it using the right to offset ruling.
Andy, recently we have received a bank statement from our pre IVA Lloyds account which had a nil balance. Because hubby didn't pay his loan and it is now in the IVA, they have charged £25.00 for the missed payment, but applied the charge to our old bank account, thus now making us £25.00 overdrawn. This charge was applied in September, the IVA was approved 25/7.
I have sent the details to our case worker and hopefully it is now being dealt with, but is this allowed?
Kazzy x
There is light at the end of that dark tunnel. Promise.
Thanks Melanie. What can I do about the Lloyds bank account. Will they let me close it? I don't want it, and it is still showing a £250 overdraft. Could Liz write to them to get it closed for us?
Thx
Kazzy x
There is light at the end of that dark tunnel. Promise.
Hi endsmeet
Yes no one can dip into your account,however all banks have the right to close accounts at anytime,although i think they have to give you notice
Regards
My major concern about this merger is around our debts with different companies. If we now find that through this merger LTSB and HBOS are the new owner of the debt where are we with the possible outcome. I foresee the chancce for either a more aggressive approach or unlikely but possible a write off. What are your views.
