JJ v Barclays **Settled**

[JJ]

Hi have been routing round site all afternoon. I am just starting my ball rolling and created the 'request for repayment of charges' letter. Have completed my spread sheet file...BUT... am now confused over which interest is required in the letter regarding 'plus £XXX which you have charged me in overdraft interest for the sum which you have taken'. I have calculated the sum of fees they have taken, but where do I get the interest from, as the spreadsheet link tells us not to use the 8% apr interest until after we have sent off the first letter.

Please can you tell me what interest is required in the first letter - going mad!

Great site by the way.

JJ

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[Docubot]

You can't claim interest straight away - the 8% is allowed under the county courts act (s69) - you have not been to court.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[BankFodder]

You have to identify charges which they have taken in in interest. You aren't calculating a %.

On your statement every month it will have a figure for "Ovedraft interest"
Some of that will have been incurred because of a penalty charge in respect of which you were overdrawn. You will have to add that element if you want to get all of your money back.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[Rebel UK]

Just been reading the thread on Martin Lewis's site, it seems some people have played the banks at their own game and added an interest rate equivalent to the banks loan rate, this for the charges they have made, unlawfully, on the account, some at 18% some at 29%, remember it is YOUR money they are taking and earning interest on themselves, since them having it means you did not, then in all likelyhood you can apply THEIR Terms and Conditions on YOUR taken money, remember, not one of these cases has yet gone to court, and in the instances I've read of so far, the bank has paid in full including, albeit only a few cases, this added interest.

I shall be presenting Barclays with my Data Protection Act letter tomorrow, 1st step, they may or may not respond, I care not what they say in reply, I doubt I'll even read it properly, they are shafting people and especially those that have limited finance, which invariably will suffer the most due to these excessive charges.

I would say, add your own nominal interest rate on what you are owed, they will never get as far as going to court, if indeed they do, you can use their own T&C and excessive interest rates as your guide to the rate you charge. I intend to do exactly this.

moderated: please do not post comments that may be seen as libelous ,this is for the protection of the site

Will start my own thread on receipt of their first response

Rebel

	Bank Charges You should have started your claim for your bank charges by now. Don't wait. You should send your bank a Subject Acess Request asking for all personal data they hold on you - not just statements. You should calculate all of your bank charges and related interest as far back as 1995. You should send your bank a demand for a refund giving them 7 days. You should commence your legal action adding 8% statutory interest. If you wait for the outcome of the test case, you may not be able to claim like this. you may not be able to claim interest. You may only be offered the difference between the charge and the OFT "fair charge". The repayment scheme will try to limit you to refinds from 2001 only. A repayment scheme will not deal with any bank charges related defaults on the credit register whereas in a court action you can ask for these to be removed and to be compensated for the damage caused to you and your family by them. You should also write to the bank and to the CRA and put all charges related credit entries in disupte and warn them that you will want them removed from the Register when the test case is over. Warn them also that you are likely to be seeking compensation for these wrongful data entries. Full and final settlement Have you previously accepted a partial repayment of your bank charges in full settlement? You will still be able to claim the rest of your money back after the Test case is decided. Get all your information back to 1995 and put in your claim now.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[richardc]

Thanks for starting your own thread. Keep us posted

[JJ]

Originally Posted by BankFodder

You have to identify charges which they have taken in in interest. You aren't calculating a %.

On your statement every month it will have a figure for "Ovedraft interest"
Some of that will have been incurred because of a penalty charge in respect of which you were overdrawn. You will have to add that element if you want to get all of your money back.

Ah, thank you - i am no longer confused. JJ

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[JJ]

Since being very confused over the interest, I thought I'd put on an up-date. I sent (13 March) the initial letter 'Request for repayment of Charges' and received two letters on the same day, 17 March, one explaining the matter would be looked into, the other offering a 50% gesture of goodwill. I have today, 20 March, sent the 'Letter before action'. The Head Office customer Relations contact who wrote to me was Jeremy Bigmore so I have replied to him.

I am prepared to go to court, as looking around the site everyother bank apart from stubborn Barclays seem to be settling out of court. Will do another up-date hopefully very soon... JJ

	Small Claims kit by Lawpack Sue your bank as many times as you like with just one Small Claims kit by Lawpack. Follow this link to read the review. The kit contains everything you need: instruction manual, templates, examples, forms and a comprehensive CDRom. Applies to England and Wales

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[JJ]

Up-date: After sending my 'Letter Before Action', today I have received a letter from Barclays saying that their 50% offer of a gesture of goodwill still stands but if I'm still unhappy I might refer this matter to the Financial Ombudsman Service - so guess what - I'm off to the Moneyclaim site to start my litigation process...........will update soon... JJ

	Small Claims kit by Lawpack Sue your bank as many times as you like with just one Small Claims kit by Lawpack. Follow this link to read the review. The kit contains everything you need: instruction manual, templates, examples, forms and a comprehensive CDRom. Applies to England and Wales

	The Financial Ombudsman Service For the most part, don't bother. The Ombudsman is an industry arranged service which is under-resourced, takes too long, lacks clear transparency. You have no idea what evidence the FOS has received from the bank or how your complain has really been handled. The FOS is the preferred complaints route for the banking industry. The county court is to be preferred by consumers for its speed, openness, the quality of its awards and also because it will award 8% interest on top of any damages won by you. The Ombudsman should normally be used to solving little technical difficulties or customer service problems which you have expereinced with your bank.

[tesuhoha]

Sorry if I appear a bit dense but I was about to make a claim of £535 in charges without any interest charges added on to that. In spite of reading this I am still unsure of how to calculate the interest charges made. On my statement above each charge, ie unauthorised overdraft fee £20, there is an amount of interest charged. Do I take this whole amount or if not, what proportion of it should I calculate? In one case I am overdrawn, there is a £20 unauthorised overdraft fee and interest of £16.58. I dont like to be a nuisance but interest always confuses me.

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[JJ]

As well as your £535 charges include the 'overdraft interest' which will appear once a month on your statements if you have gone over your overdraft limit as this will include interest you have been charged on your penalty charges. So the basic total you are claiming will have increased! Then....when (AND ONLY WHEN) you have sent your first letter to the bank asking for them to return the penalty charges plus interest they have charged you on them, you use the excel spreadsheet from the LIBRARY pages to insert your penalty charges and interest on those which will automatically accumulate your 8% apr interest which you can claim (via the small claims court) if the bank refuse to give you back the basic total.

I filed my claim on FRIDAY! JJ

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[Bookworm]

Originally Posted by tesuhoha

Sorry if I appear a bit dense but I was about to make a claim of £535 in charges without any interest charges added on to that. In spite of reading this I am still unsure of how to calculate the interest charges made. On my statement above each charge, ie unauthorised overdraft fee £20, there is an amount of interest charged. Do I take this whole amount or if not, what proportion of it should I calculate? In one case I am overdrawn, there is a £20 unauthorised overdraft fee and interest of £16.58. I dont like to be a nuisance but interest always confuses me.

Please start your own thread! You're hijacking someone else's!

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[JJ]

Update....

Aftering filing my claim on 27 March Barclays only have TODAY to go to defend! Watch this space...

I've been following 'Oblong vs Barclays' and I'm probably only a few days behind...

JJ

Good Luck!

[JJ]

Just an update... I received Barclays defence on Friday (28 April) the last day before their deadline! Will be sending back the allocation questionnaire over next couple of days. Till the next update................... .....

	County Court guidebook by Judge Patricia Pearl Follow this link to read the review of this excellent Small Claims Guidebook. This comprehensive and very accessible guide will take you through the process of suing or defending a claim. This guide will help you take control of your litigation and make you more confident about doing it yourself. Applies to England and Wales

[jpet77]

Hi,

I'm claiming £448 plus 17.9% interest (total £528.19) from Lloyds, but they haven't even offered me the 50% good will gesture so I am following Martin Lewis's step by step advice and starting court procedures today.

Fingers crossed

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[dave]

You're highjacking someone elses thread - start your own, it makes it easier for people to help you.

Also, where did you get the 17.9% figure from?

[tomwenlock]

i'm not sure if this is helpful, please don't take my word as gospel but I have worked out my interest using this method. I phoned Barclays and asked them how much I am charged when I go into my unauthorised overdraft. They said 27.5% APR so I figure...

on charges of £20 - 20x27.5/365 = 1.5068493 = one days interest for a £20 charge

on charges of £25 - 35x27.5/365 = 1.8835616 = one days interst for a £25 charge

etc

£30 = 2.260274
£35 = 2.6369863

i figure that you could probably charge more. But I personally can't be bothered to try to equate the full figures. I have just asked for a refund of one days interest per charge. I know the figure is less than the full amount but it will be fairly close.

CAUTION - I really don;t know enough about the claims to be offering advice the above equation is only useful for working out what £20 is as a daily APR fraction. Please wait for some who does know what they are talking about to confirm or reject what I have written

T

	Are you letting your bank keep your money Are you giving away thousands of pounds?? Many people aren't claiming all of the money they are entitled to when they make their bank charges claims. You have been forced to pay unfair bank charges. Have you forgotten that your bank has charged you inteest on those charges? If you are overdrawn and the bank owes you charges - then your overdraft is made up of charges - money which you bank owes you. Yet you are paying interest to the bank - on your own money!!! Follow this link to see the discussions on this. You might even double th size of your claim.

[JJ]

Originally Posted by JJ

Just an update... I received Barclays defence on Friday (28 April) the last day before their deadline! Will be sending back the allocation questionnaire over next couple of days. Till the next update................... .....

And another update....

I have received a copy Barclays allocation questionnaire. So still waiting for a court date - won't be too long now I'm sure.....................

	County Court guidebook by Judge Patricia Pearl Follow this link to read the review of this excellent Small Claims Guidebook. This comprehensive and very accessible guide will take you through the process of suing or defending a claim. This guide will help you take control of your litigation and make you more confident about doing it yourself. Applies to England and Wales

[JJ]

I've still not had my court date yet - it really can't be long now. Has anyone else got their date apart from Oblong21?

[JJ]

Just another up-date - I'M STILL WAITING!

By the way, can anyone tell me how to change the title of my thread so it reads - JJ v Barclays - thanks in advance...JJ