Maxine V Barclaycard. **WON**

[maxine989]

will do....

[Mistermind]

Originally Posted by maxine989

I had gone overdrawn when my son used paypal to subscribe to a game on-line. I didn't realise there was no payapl balance left (there usually is cos I sell stuff on ebay) and I didn't notice the funds had gone out of my bank until I had the letter... by then I was already owing them £30 un-planned o/d fee + 3 days @ £15 each. I called and told them I hadn't got the funds to get myself straight that same day... and so they charged me £15 each day for 10 days of that month and then on into the next month too... blimey! So it cost me £225 for going overdrawn by £11. I have only just got myself straight today.

Nothing like one cause celebre to shine the floodlight on a thousand iniquities. Let me get this clear, the original £11 over-the-limit spend was honoured by Lloyds, not bounced? So for their service in lending you £11 for one month Lloyds effectively charged you 2200% interest -- enough to make Shylock blush. Even bloodsucking Dracula would blush.

If that £11 had been bounced, because the ensuing £30 bounce penalty charge would have put the account into the red, there would still have been £15 penalty charge levied each and every day subsequently? The levying of a penalty charge for bouncing rather than for lending, would be the most unambiguous defiance of the Dunlop-v-Garage precedence ruling -- that a profit shall not be made out of an absence of service, whereas a profit may arguably be made from the presence of a lending service.

Some service. Some profit.

	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.

[moneyhelp]

Hi Maxine,

Just popping in to wish you good luck with Lloyds, I am starting again with NatWest in the next couple of days * sigh* - whats the news with the test case, do you know?

	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.

[Mistermind]

24APR2008 - bank charges test case verdict:

Office Of Fair Trading Test Case

BBC NEWS | Business | Banks lose overdraft charges case

THE JUDGEMENT http://news.bbc.co.uk/1/shared/bsp/h...judgment.p df

[maxine989]

Oooo... news... I have heard snippets but not looked into the story yet... will go and do so now. Cheers MM.

[maxine989]

Hmmm... so what happens now is the big question???

[Mistermind]

Appeal or not, and whatever charge level is eventually set as fair by the OFT or the court, the era of 100% retrospective bank penalty charges refund appears over, I believe. No-one would expect the OFT to rule that penalty charges should have been £zero.

100% refunds have gone on for two years because banks chose to run away from facing court. With a court verdict now a fait accompli, there is no more running away leaving 100% refund to placate a claimant.

Originally Posted by maxine989

So it cost me £225 for going overdrawn by £11.

I believe such iniquitous oppression will be stopped soon. Has anybody seen the musical Les Miserable, or Burt Lancaster's film version, or read Dumas' book? One day a musical should be written -- Les Banques Miserable.