In arrears, Agreement in place, Local bank wont see me ?? Help plaese

CanOnlyGetBetter · #1 (**permalink**) 08-09-2010, 07:13 AM

where to start ......

My account has gone into arreares, being delt with the collection centre. Have an agreement in place of £80 a month which is split between the overdrawn account and the outstanding loan.

£40 of this goes towards the loan and have kept up with this agreement for the last 12 months. Recieved a letter on Friday saying that it was being passed to recovery agency.

Phone Lloyds to find out why and was informed that the collections centre only hold accounts for a max 12 months and then its refered to a debt recovery agency, never heard of this before, is this correct >?

And the biggest blow of all.... found out that each month my loan account has been paying out an average of £45 in intrest when only £40 being payed in, so unkown to me, my loan balance has been rising each month

Not once has anyone in Lloyds mentioned this to me and as far as I was aware I was on the right track to getting out this hole..

Try to arrange a meeting with my local Lloyds branch to sort this mess out only to be told they cant see me because my account is with collections, toatal £$*&"%$ bollox

Im at a very low place at the minute and dont know where to turn to next.... please help me

I feel like doing something stupid...........

Paul

DavidBibby · #2 (**permalink**) 08-09-2010, 10:58 PM

Welcome to the forum,

I certainly know what it's like to be behind on bills and going backwards, not forwards.

I would talk to the collections department and ask them what it will take to get you going current again. What's it going to take to make it right with them?

It really sucks that while you were paying your account, it was going in the wrong direction. Fortunately.. you were making the payments and you haven't had to pay late fee after late fee.

Whatever your situation is.. face it head on. Find out what you need to do. Can you work for additional money.. take a second job temporarily to put towards this debt? Can you sell something so that you can get your account out of collections and into good standing again?

You're in a valley at the moment.. and I know it doesn't feel good to be there. But from where you are at.. you can see the hill that is to be climbed. Go for it.. and like your name implies.. it can only get better.

Good Luck to you!

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