Claiming on a Business account? Lets join forces? - Page 71

JOSH_IOU · 22nd July 2008, 20:44

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

kashfat · 9th August 2008, 23:12

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

lancasterchelsea · 14th August 2008, 10:51

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 · 14th August 2008, 11:03

Quote:

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 · 14th August 2008, 11:20

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 · 14th August 2008, 11:24

Quote:

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 · 14th August 2008, 11:26

I used Mindzai's spreadsheet plus a few tweaks

lancasterchelsea · 14th August 2008, 11:43

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 · 14th August 2008, 12:01

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 · 14th August 2008, 14:52

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

gaz2954 · 14th August 2008, 15:31

Quote:

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 · 14th August 2008, 17:11

milo for chancellor

lancasterchelsea · 15th August 2008, 08:27

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 · 17th August 2008, 22:16

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 · 17th August 2008, 23:32

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 · 19th August 2008, 11:14

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

MARTIN3030 · 27th August 2008, 20:29

Good result today have a look here.

Martin3030 v Barclays business **Good result** - The Consumer Forums

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