Claiming on a Business account? Lets join forces?

[JOSH_IOU]

Ofcourse I only wait for people to put them on mine.

[kashfat]

Hi guys, can anyone give a template letter based on a stay to be lifted under hardship cases, any help would great.

[lancasterchelsea]

SUCCESS !!!!!!!!!!!!!!!!!!

LLoyds/Martin O Johnson have paid in full..... including compound interest going back to 1995
As usual banks will do almost anything to avoid going to court
this time the next hearing was to consider limitation
Historic terms and conditions seems to do the trick

[photoman]

Originally Posted by lancasterchelsea

SUCCESS !!!!!!!!!!!!!!!!!!

LLoyds/Martin O Johnson have paid in full..... including compound interest going back to 1995
As usual banks will do almost anything to avoid going to court
this time the next hearing was to consider limitation
Historic terms and conditions seems to do the trick

WELL DONE !!!!!!

Can you please give us details regards the compound interest aspect ?

Did they actually pay you in a compounded manner, and at what rate ?

Well done again.


PM

[lancasterchelsea]

12% interest compounded on a daily basis from 1995 to today
If you flatten the interest it works out at 27% interest added for every year to the original charges for unauthorised borrowing/unpaid fees
So for every £1 charges in 95/99 they have repaid the charges plus another £3

[photoman]

Originally Posted by lancasterchelsea

12% interest compounded on a daily basis from 1995 to today
If you flatten the interest it works out at 27% interest added for every year to the original charges for unauthorised borrowing/unpaid fees
So for every £1 charges in 95/99 they have repaid the charges plus another £3

FANTASTIC RESULT !!

Just shows there is still life in Business claims, and they are VERY much alive and kicking.
Also shows that there is some mileage in compounded interest, and also in the arguments for absolutely smashing through the Statute of limitations 6 year bar.

WELL DONE !!!


PM

[lancasterchelsea]

I used Mindzai's spreadsheet plus a few tweaks

[lancasterchelsea]

Limitations is all about arguing Catch 22.... Yossarian.... if I am crazy I will be grounded, but if I ask to be grounded I must be sane, therefore cannot be grounded.

Limitations says you cannot claim back more than 6 years
but you can get past this if I made a mistake by paying the bank unlawful charges
To prove I made a mistake and the charges are unlawful, I need to prove they are unlawful
Therefore I need a full hearing on all charges more than 6 years old (therefore ignoring the 6 years rule)

The bank says you cannot go back more than 6 years, even though if you could the 6 years rule would be proven to not apply
"multiple items of illogical reasoning"

[photoman]

ahh... the old "Catch22"

Actually my absolute favourite book of all time !!

I implore anyone who has not yet read it to do so.... as one of the reviews on the cover claims it is a real "rollercoaster" of a read !!


PM

[hsbcfiddled]

CONGRATULATIONS.......... .........

[gaz2954]

Originally Posted by lancasterchelsea

I used Mindzai's spreadsheet plus a few tweaks

Can you tell em where is this spreadsheet and what tweaks you used
and what basis for claiming etc as many people just got for 8% and are happy with that I admire you etc regards Gaz

[steven4064]

milo for chancellor

[lancasterchelsea]

Gaz
you can find Mindzai's s/s here......

Save it to desktop and run it

http://members.aol.com/wolfcat451/Mi...poundSheet.xls

I have just tried the link, saved the s/s and opened it and it works ok
If you want my live/actual example I used with logic, tweaks and why you can argue compound interest .... pm me your email address and will send

basically... you can argue... I mimiced what the banks did to me
also if the charges went to debt collector and interest was frozen, you can still argue consequential interest.... I still had other live credit cards where I was paying 17% per year compounded monthly/daily. If I hadn't been charged the unlawful bank charges on one card I could have paid off part of the live credit cards years ago, and not paid compound interest on the live ones.

[TheyrCriminals]

Hi Lancasterchelsea,

Welldone and congratulations on your win that is a fantastic result. Can I ask roughly speaking how much the claim was for?

TheyrCriminals

[Goldlady]

Excellent news and interesting concept about the knock on effect of the charges. I like it - consequential loss - another string to our bows. I would have claimed for that too, had it occurred to me, but as it happens all the card agreements were unenforceable

[MARTIN3030]

Barclays Business -Terms and conditions late 1990s onwards.

We are still looking for these and appeals have not turned anything up.
Barclays have craftily removed them from Archive online (I tried the wayback route)
If anyone knows of any floating around please let us know

Thanks