lloyd tsb

[anais743]

what sort of criteria do they have for iva?

anyone with any experience

[Lisa2009]

lloyds TSB were hubby's largest creditor 3 years ago with around £32K in total and they accepted 28p/£ then later sold on the debts to max recovery who accepted 25p/£ as full and final settlement.

mrs skint

[MelanieGiles]

They are fine so long as you do not owe them 75% of the total debts, as at the moment they are rejecting on the basis that a DMP is better for them.

[carlmcmullen]

Also if you are a homeowner and your secured lending exceeds more that 40% of your income - they veiw this as excessive unless there is a very good reason for the size of the payment(s)

Carl

[james.c]

i owed them 10k and they didnt even vote

[Adam Davies]

Hi
James,check your emails,your my blog of the month winner for January
Well done

[Skippy]

Congratulations James!

[Shining]

Congratulations from me too!

[aguise]

Well done James.

Ang

[marsha1]

I owed Lloyds TSB 13,250,out of a total debt of 16,500, they did not vote, this was October 2007, maybe their policies have changed recently?

[carlmcmullen]

I am finding that Lloyds dont vote unless they have more than 25% vote.

But they are best offer creditor so they normally accept (providing the total debt is no more than 75% in total and you are not spending more than 40% of your income on secured lending)

[J-DOUBLEYA]

LLoyds TSB are a right pain in the preverbial but if the debt gets charged off to BLS [wholly owned by LTSB] they usually will accept anything reasonable interest free !

[janot]

I had £32,000.00 owing to lloyds in way of unsecured loan and credit cards and they had over 75% of my debt and they didn't even vote, my hubby also had £15,000.00 on a credit card and they did not vote on his either this was in December 2007

[james.c]

Hi Andy

Thank you, for blog of the month.

Havent got your e-mail yer, but will look out for it.

Regards