Settling LTSB loans with DCAs

[The Debt Star]

Re: Settling LTSB loans with DCAs

Bill thats a rock solid Burns Night-special avatar you got there!

[Bill-K]

Re: Settling LTSB loans with DCAs

You're very kind, DS. As an ex-pat londoner, I guess I should be into jellied eels and pie 'n' mash - but I never quite got into that. I enjoy a wee bit o' haggis, wi' neeps and tatties, and a wee dram as accompaniment thereto, aye.

Haggis Hunt 2010/11 - Haggisclopedia - Top tips for the haggis moors

However - since hearing recently about the hunting methods used upon this poor creature - I am looking into alternative 'ethnic' fare. We cannot afford to hunt this unique species to extinction - yet that is exactly what is happening right now in the hills above Selkirk. I cannot stand by and watch this - and will number among the hunt saboteurs, I must confess. And I do so with a tear in my eye, and a quiver in my lip - and a hip-flask for Scotch Courage.

What is a Haggis?

The Selkirk Grace :-

"Some hae meat and canna eat,
And some would eat that want it;
But we hae meat, and we can eat,
Sae let the Lord be thankit."

- oor Rabbie.

[HelenaTroy]

Re: Settling LTSB loans with DCAs

I agreed a 20% PARTIAL settlement with Lloyds last year.
This meant I only had to pay £600 out of a total debt of £3k.

My credit file now shows as SATISFIED.

In the notes of the credit file entry, the balance again shows as satisfied,
and under 'special instruction' it shows as 'partial settlement'

I'm quite happy with that, especially as I have the corresponding paperwork
from Lloyds.

Hope this helps.

[Bill-K]

Re: Settling LTSB loans with DCAs

Thanks, Helen.

So - as a partial settlement, was there any remaining balance to pay ? If so, what was this ? If not, then this was a FULL settlement, surely ?

I'm not altogether happy with the way that the banks seem to insist that WE sign agreements to say that we have settled in Full and Final, but THEY can insist that THEIR settlement offers are just PARTIAL.

Full & Final closes the door. Partial leaves it ajar. I'm not happy with that. There's a cold draught, still.....

....."Shut that door....!!!"

[nelliewops]

Re: Settling LTSB loans with DCAs

I agreed a 20% PARTIAL settlement with Lloyds last year.
This meant I only had to pay £600 out of a total debt of £3k.

My credit file now shows as SATISFIED.

In the notes of the credit file entry, the balance again shows as satisfied,
and under 'special instruction' it shows as 'partial settlement'

I'm quite happy with that, especially as I have the corresponding paperwork
from Lloyds.

Hope this helps.

Thanks HT,

I'm glad you achieved such a great result from LTSB! It is so difficult to achieve the perfect resolution particularly regarding the whole Full and Final/partially/fully settled side of things. I responded to them yesterday offering them 20% to gauge their reaction, as well as specifying that I expected my file to be marked as 'fully satisfied' and will report back with any news as and when I hear from them.

Nellie x

[nelliewops]

Re: Settling LTSB loans with DCAs

You're very kind, DS. As an ex-pat londoner, I guess I should be into jellied eels and pie 'n' mash - but I never quite got into that. I enjoy a wee bit o' haggis, wi' neeps and tatties, and a wee dram as accompaniment thereto, aye.

Haggis Hunt 2010/11 - Haggisclopedia - Top tips for the haggis moors

However - since hearing recently about the hunting methods used upon this poor creature - I am looking into alternative 'ethnic' fare. We cannot afford to hunt this unique species to extinction - yet that is exactly what is happening right now in the hills above Selkirk. I cannot stand by and watch this - and will number among the hunt saboteurs, I must confess. And I do so with a tear in my eye, and a quiver in my lip - and a hip-flask for Scotch Courage.

What is a Haggis?

The Selkirk Grace :-

"Some hae meat and canna eat,
And some would eat that want it;
But we hae meat, and we can eat,
Sae let the Lord be thankit."

- oor Rabbie.

He He Bill..........very funny!

I too love your avatar's new outfit and was only disappointed to see it doesn't seem to extend to a sporran, lol :billk:

Thanx for your continued advice with the F&Fs btw - it's most appreciated!

Nellie x

[Bill-K]

Re: Settling LTSB loans with DCAs

...disappointed to see it doesn't seem to extend to a sporran, lol :billk:

OMG !!!! I honestly didn't realise that if you put your nose close to the screen, you can see what I'm wearing 'down below.'

Well, of course I'm flattered that you took the trouble to take a peek, ma'am. In my defence I must ask you to bear in mind that I posed for this avatar on a particularly cold day.

So - you've had enough Mediterranean holidays now, and you've learned to haggle. I think that fine Trojan lady's example is a good one to follow. Nowt to lose, surely. Go for 20%, and see if they accede.

Don't blink - but keep winking at them, eh ? I think Helena can teach us a few things here.....how many ships did that fair face launch ? !!!

[nelliewops]

Re: Settling LTSB loans with DCAs

OMG !!!! I honestly didn't realise that if you put your nose close to the screen, you can see what I'm wearing 'down below.'

Well, of course I'm flattered that you took the trouble to take a peek, ma'am. In my defence I must ask you to bear in mind that I posed for this avatar on a particularly cold day.

So - you've had enough Mediterranean holidays now, and you've learned to haggle. I think that fine Trojan lady's example is a good one to follow. Nowt to lose, surely. Go for 20%, and see if they accede.

Don't blink - but keep winking at them, eh ? I think Helena can teach us a few things here.....how many ships did that fair face launch ? !!!

Oooooh you cheeky monkey...........sorry, gorilla, Bill !!! You caught me in the act of taking a sly peek down below!

Yup, it's certainly haggle time - if 20% was good enough for fair Helen hopefully 'twill be good enough for little old me

Will keep you posted..............now go and find some nice tartan thermals to keep your bits warm

[nelliewops]

Re: Settling LTSB loans with DCAs

Hi folks,

Just a quick update to say that (unsurprisingly!) despite LTSB signing for my letter on receipt just over 10 days ago, there has been no response to my counter offer whatsoever and their deadline has now passed.............what's more, to add insult to injury, having responded to the address on their letter, my track and trace confirmation of receipt says the letter was redirected as the address I used was incorrect - blooming LTSB @rseholes!!!

Typical of Lloyds not having the decency to respond - even if they don't agree with my counter offer, the least they could do is write to say so :tinysmile_cry_t:

Another letter will be winging it's way to them tomorrow..........although what address I'll use is another matter!

Will let you know if there's any further news.

Nellie x

[nelliewops]

Re: Settling LTSB loans with DCAs

Just an update guys -

As per my last post, a week ago I sent a second letter reiterating my counter-offer. I decided to send it to the same address, but only recorded delivery this time as I wasn't prepared to waste another fiver on something that didn't do what it said on the tin............and guess what? This time, despite sending to the same address as that which my last letter was apparently redirected from, it was signed for on receipt there the next day.............curiouser and curiouser!!!

That said, it's still no surprise that once again the delightful LTSB have not bothered to respond. No doubt they are enjoying this little game of trying to wind me up by putting forward these F&F offers (that's three in total now!), then disappearing back into the woodwork from whence they came, without bothering to acknowledge my responses.................well, it ain't working, they can keep on trying till the cows come home, but I'm not going to be beaten

Nellie x

[HelenaTroy]

Re: Settling LTSB loans with DCAs

Thanks, Helen.

So - as a partial settlement, was there any remaining balance to pay ? If so, what was this ? If not, then this was a FULL settlement, surely ?

Sorry Bill, just noticed this thread again.
After paying my 20% (£600) there is definitely nothing else for me to pay.

[Bill-K]

Re: Settling LTSB loans with DCAs

Thanks, Helena - that sure seems to confirm that the debt is considered as fully settled. The term 'Partial Settlement' is perhaps a bit misleading, as it suggests that the debt has not been fully settled. Perhaps 'Reduced Settlement' or 'Full Settlement by Reduced Amount' might be more descriptive. Anyways, the statement shows the debt as 'Satisfied,' which is what matters !!! Well done.

Nellie - Stick at it, matey !!! I'm not sure how to get things moving, but perhaps a 'laxative' effect might be attained by giving them some kind of deadline. Would summat like this be any use ?

Dear LTSB
Please find attached copies of the two most recent letters I sent by Recorded Delivery, which require your response. I sincerely wish to settle this debt, and I assume you would wish the same. Please, therefore, would you be kind enough to let me have your response within 7 days to enable us to conclude this matter.

In the absence of any timeous response, I will be forced to conclude that you are neither interested in settling the debt, nor in pursuing it.

I thus look forward to your early reply. Many thanks in anticipation.

[The Debt Star]

Re: Settling LTSB loans with DCAs

Sorry Bill, just noticed this thread again.
After paying my 20% (£600) there is definitely nothing else for me to pay.

Good one.

I'd love to know how you capture those screen shots BTW, as the FOS often ask for a copy of the credit report and I just cut and paste the text, which doesn't convey the same impression as the on-screen version.

[nelliewops]

Re: Settling LTSB loans with DCAs

Thanks, Helena - that sure seems to confirm that the debt is considered as fully settled. The term 'Partial Settlement' is perhaps a bit misleading, as it suggests that the debt has not been fully settled. Perhaps 'Reduced Settlement' or 'Full Settlement by Reduced Amount' might be more descriptive. Anyways, the statement shows the debt as 'Satisfied,' which is what matters !!! Well done.

Nellie - Stick at it, matey !!! I'm not sure how to get things moving, but perhaps a 'laxative' effect might be attained by giving them some kind of deadline. Would summat like this be any use ?

Hi Bill,

Thanks for that kind sir - will deffo give it a try, after all it can't do any harm ! You have such a succinct way with words, I love it !!!

Helena - once again, well done on your success. It gives me inspiration to carry on !

.........and Debt Star - thanks for your continued support !

Nellie x

[WendyB]

Re: Settling LTSB loans with DCAs

DS - just press "Print Screen" button on your keyboard. Then open up the file/doc/whatever you want to put it in, right click on your mouse, click "Paste" and there you go