Ever felt like strangling a bank manager?

[wevet]

So, the idea of my Re-leased.com service is to assist people who are stuck with a vehicle on HP or lease that is surplus to their requirements by transferring the lease or renting it to a third party. This in my view is beneficial not only to the person stuck with something that is now unaffordable, but also to banks because it reduces the probability of default or helps a client reduce their overdraft.

I go to see a bank manager at Lloyds to suggest that my solution might be of help to some of their clients experiencing cash flow problems.

Not interested!

The reason being that: the client defaulting on the car finance is not the bank's problem it is a problem for the client and the finance house. The manager is only interested in the bank's debt. he added, "anyway this is not a Lloyds product".

Am I missing something?

Monies owed to the bank and the chances of getting those repaid are directly linked to other commitments a client might have. Relieve one pressure point on the cashflow and the picture maybe transformed. Anyone disagree with that?

So, the bottom line is this: You are experiencing financial problems. The bank manager knows of something that may well help you out but he won't mention it because:
a) His perception is that other indebtedness is nothing to do with him
b) The solution is not a product of the bank

It makes me wonder what kind of creatures these people are, bereft of any sense of duty to help their clients.

Bear this in mind if you ever ask advice from a bank manager particularly at LLoyds Bank in Horsham.

What sickens me even more is that this toady is in his job still thanks to us taxpayers.

End of rant.

[BusinessIdeas]

Well I think it sounds like a great idea, hope you do well with it - Gina :)

[vvaannmmaann]

Remember that this bank manager does not have any power to make big decisions like this.He only does what he is told to do by head office.
Try writing to Lloyds head office?
The manager's main task,as you have discovered,is to promote the banks own products!
Good luck with it.

[KidsBeeHappy]

The manager's main task,as you have discovered,is to promote the banks own products!
Good luck with it.

No, it's to sell the banks products. Many bank managers have been recurited in purely for their sales skill, and many never worked in a bank before becoming a branch manager. Our old bank manager's previous job was as aftersales manager for a chain of garages.

[Beachcomber]

You need to target finance companies and car dealerships who provide their own finance rather than high street banks.

[Stephen Berry]

Declarartion for the prejudiced ..... I am a qualified banker (with a B) .... declaration over.....


I totally see your bank mangers position and even wonder why you bothered him in the first place (no offence intended - but his thoughts of your meeting are probably similar to yours - why did I bother? !). As Boxby & Vanman say - he is there to sell his company's products - the same as the rest of us.

If your product can be white-labelled to be a Lloyds product they will have something to discuss -and that is not within the remit of the local bank manager (as vanman says - he is little more than a clerk in modern domestic banking). Similarly, as Beachcomber says - these are your potential routes to market - not your local High Street banking retail outlet.

However - it is a product which does fit a need in the market and probably worth persuing (again - via white label I would suggest). I've had a quick look at your web site - and the proposition looks attractive. One question - how do I know you are FSA supervised (not that this actually means much in practice) - but from a buyers perspective, how do I know you have substance and solidity? Not a criticism - just a question I would ask if I was using the product and one to which I don't see an answer - is there something you could do to add this assurance?