Hi
My problem is complicated. Can anyone help me.
In the year 2000, I was a completely naive, gullible and inexperienced 21 year old student. However this does not give Lloyds Bank the right to exploit, coerce and put me under duress in order to keep me in thousands of pounds of debt!
In January 2000, I took out a first Loan of £5000 pounds from Lloyds bank. The Total amount I had to pay back was £5.721.80 because they added mis-sold PPI. The monthly repayment on this Loan agreement was £195.57. In October 2000, I took Out a second Loan of £3,500 from Lloyds bank. As I was in communication with the Lloyds bank staff at that time, he stated that they would consolidate the outstanding balance of the first loan with the second loan. I agreed to the loans being consolidated into one. They calculated the total loan by, £4,500 + £3,500 + £1,917.76 (miss-sold PPI)= £9,917.76. The monthly repayment for this loan was £235.31. As this figure £235.31 was clearly stated on the second Loan Agreement I signed, I had no reason to believe that Lloyds bank would take additional unauthorised monthly payments
However, I was unaware that from November 2000 to January 2002, they were taking monthly payments of £195.57 for a loan that did not exist, as well as, monthly payments of £235.31 for the second loan. I was very stupid for not thoroughly checking my current account statements. I only discovered these unauthorised payments as a result of receiving many unlawful overdraft charge letters. This fact forced me to study my account statements. I alerted Lloyds bank of their mistake. I was in financial difficulties and mentally distressed. I thought they would help me not knowing they would lead me into financial ruin. Despite taking over six thousand pounds from me, Lloyds coerced me into signing a third Loan Agreement which totalled £11,775.68. They still continued to apply unlawful overdraft charges as well. No matter how much overtime I worked, I did not put a dent into the debts. I had little to live on as my financial problems spiralled out of control and my mental health deteriorated to the point I had a mental breakdown in 2006. They even try to coerce me into signing a fourth Loan Agreement, which totalled £12,289.48.
To summarise the current state of things, in October 2014 after many years of mental health treatment, I finally had the strength to challenge Lloyds bank with my evidence. In December 2015, they offered to repay me £2,953.69. I did not accept this, because Lloyds caused me extreme mental distress and huge financial hardship by applying thousands of pounds of unlawful charges.
If I could take Lloyds to court, I would defiantly do it. I would appreciate any advice!
Hopefully yours.
My problem is complicated. Can anyone help me.
In the year 2000, I was a completely naive, gullible and inexperienced 21 year old student. However this does not give Lloyds Bank the right to exploit, coerce and put me under duress in order to keep me in thousands of pounds of debt!
In January 2000, I took out a first Loan of £5000 pounds from Lloyds bank. The Total amount I had to pay back was £5.721.80 because they added mis-sold PPI. The monthly repayment on this Loan agreement was £195.57. In October 2000, I took Out a second Loan of £3,500 from Lloyds bank. As I was in communication with the Lloyds bank staff at that time, he stated that they would consolidate the outstanding balance of the first loan with the second loan. I agreed to the loans being consolidated into one. They calculated the total loan by, £4,500 + £3,500 + £1,917.76 (miss-sold PPI)= £9,917.76. The monthly repayment for this loan was £235.31. As this figure £235.31 was clearly stated on the second Loan Agreement I signed, I had no reason to believe that Lloyds bank would take additional unauthorised monthly payments
However, I was unaware that from November 2000 to January 2002, they were taking monthly payments of £195.57 for a loan that did not exist, as well as, monthly payments of £235.31 for the second loan. I was very stupid for not thoroughly checking my current account statements. I only discovered these unauthorised payments as a result of receiving many unlawful overdraft charge letters. This fact forced me to study my account statements. I alerted Lloyds bank of their mistake. I was in financial difficulties and mentally distressed. I thought they would help me not knowing they would lead me into financial ruin. Despite taking over six thousand pounds from me, Lloyds coerced me into signing a third Loan Agreement which totalled £11,775.68. They still continued to apply unlawful overdraft charges as well. No matter how much overtime I worked, I did not put a dent into the debts. I had little to live on as my financial problems spiralled out of control and my mental health deteriorated to the point I had a mental breakdown in 2006. They even try to coerce me into signing a fourth Loan Agreement, which totalled £12,289.48.
To summarise the current state of things, in October 2014 after many years of mental health treatment, I finally had the strength to challenge Lloyds bank with my evidence. In December 2015, they offered to repay me £2,953.69. I did not accept this, because Lloyds caused me extreme mental distress and huge financial hardship by applying thousands of pounds of unlawful charges.
If I could take Lloyds to court, I would defiantly do it. I would appreciate any advice!
Hopefully yours.
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