Were LTSB reckless?

[cymruambyth]

Any advice will be gratefully received on this longstanding situation.

At a bank account review several years ago I was given a loan and cc with all the forms filled out in my sole name. I was eaning a pittance part time and was offered a lot of money.
After going to fos my PPI will be repaid.
I have complained to LTSB who have said that there were some areas where they had made a mistake and offered a refund of interest, and bank account charges which is a only a small proportion of the amount outstanding but, better than a poke in the eye!

Their arguments are that they had taken ohs income into account, though he wasn't listed anywhre. We had spent the money and taken out further finance afterwards (we were drowning and stupid).
I have taken a long time to complain and they don't have records that far back.

This financialreview was soon after a family bereavemnet and told us our finances were ok (we had been worried) and sent us into a fast downward spiral.
We were not innocent, but they were reckless etc.

PS loan agreement appears legit but the DN is 1 day short.

[Angry Cat]

Re: Were LTSB reckless?

Were LTSB reckless?

Is your question a joke cymru?

[cymruambyth]

Re: Were LTSB reckless?

Okay, maybe I should have phrased it a bit better!

Is it too late to do anything as all this took place over 8 years ago. I didn't realise that I could do anything until I discussed my PPI with FOS, who couldn't advise but made me think.....
Also, the fact that LTSB seemed to find partially in my favour so quickly after my complaint made me wonder even more.

[pompeyfaith]

Re: Were LTSB reckless?

Send off a SAR and see what comes back worth a go I would of thought, also if you noticed this mistake within the last 6 yrs the limitation act is on your side.

PF

Sorry misread the post as I now see the PPI Claim is being dealt with.

[Angry Cat]

Re: Were LTSB reckless?

Okay, maybe I should have phrased it a bit better!

Is it too late to do anything as all this took place over 8 years ago. I didn't realise that I could do anything until I discussed my PPI with FOS, who couldn't advise but made me think.....
Also, the fact that LTSB seemed to find partially in my favour so quickly after my complaint made me wonder even more.

Sorry Cymru, only me being flippant, LOL

But when I hear the words that imply reckless/irresponsible lending, my thoughts go straight to some UK Banks (and other USA based Banks). However, we all know which banks were bailed out by the UK Tax Payer's...

The following link may be of interest:
http://www.telegraph.co.uk/finance/p...e-lending.html

[cymruambyth]

Re: Were LTSB reckless?

Hi ac, I did realise that your tongue and cheek were connected!

THat link is interesting, I just think that I may have left it too late to do anything. AS I said oh was not mentioned in any of the documentation. My pay at the time was less than £4,000 pa; loan over £20,000 and cc over £10,000. OH's pay would have made a big difference but there is no documentary evidence to show that.
They argue that money was for consolidation, which didn't happen plus further loans were taken out (partially to repay the LTSB loan). LTSB repayments were double my monthly pay!