Hi,
I have just received a letter from Lloyds Bank regarding my old Trustcard account. It states that they are cancelling my debt due to them updating their system and they are unable to amalgamate the old account to the new system. They state that I don’t need to do anything, the collection agency involved will be contacted and advised that they will no longer pursue me for the outstanding amount, and my direct debit will be cancelled.
My question is what happens to the attachment to my property that they secured in 2010? Will this be cancelled also?
Any advice would be greatly appreciated.
I have just received a letter from Lloyds Bank regarding my old Trustcard account. It states that they are cancelling my debt due to them updating their system and they are unable to amalgamate the old account to the new system. They state that I don’t need to do anything, the collection agency involved will be contacted and advised that they will no longer pursue me for the outstanding amount, and my direct debit will be cancelled.
My question is what happens to the attachment to my property that they secured in 2010? Will this be cancelled also?
Any advice would be greatly appreciated.


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