Consumer Action Group envelope labels
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Sheet of 20 self-adhesive envelope labels
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Reclaim the Right Ltd. - reg.05783665 in the UK
reg. office:- 923 Finchley Road
London
NW11 7PE
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| | | | | | | HSBC Bank Meet other HSBC Bank customers who have also been faced with excessive unfair bank charges. Exchange encouragement and information about getting your bank charges refunded | Welcome to The Consumer Action Group
and
The Bank Action Group
Before beginning to claim your bank charges be sure to read the FAQ by clicking the link above. Read it carefully and also read as much of the forum material as you can manage before you start claiming your bank charges refund.
You will have to register before you can post or view the materials which may assist you in reclaiming your penalty charges: click the register link above to proceed.
To start viewing messages, select the forum that you want to visit from the selection below. Understand what you are doing and you will be able to Reclaim the Right more effectively.
Why don't you come and introduce yourself in the Welcome section at the top of the forum. Then have a look around the rest of it.
Do not post or start claiming until you have read the entire FAQ section and step by step guides and you have a good basic idea of what to do and of the layout of the forum.
Good luck claiming your bank charges. We strongly suggest that you register under a UserID and not your own name |  | 
10th November 2006, 22:08
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#2 (permalink)
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bong
Guest |  Re: MCOL Daily interest query help please.
it's total claim £1,805 x 0.00022 = 40p per day
(it's the same as 1,805 x 8% divided by 365)
Last edited by bong; 10th November 2006 at 22:28.
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11th November 2006, 14:01
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#3 (permalink)
| | Gold Account Customer | Re: MCOL Daily interest query help please.
Hi Guys,
I too have a question related to above, and any help would be appreciated 
My total claim is for £3,051.50 + interest of £160.09 (NOT calculated using 8% and this is my LBA figure)
When I submit my MCOL I take it I use the 3,051.50 sum but also add in the calculated 8% interest on that sum for the 6 year period as given in the template spreadsheet ? (approx £424.96) this would give me a total claim of £3,476.46 ?
Do I then claim the daily interest rate on this total amount or just the LBA claim amount ex the interest ?
i.e. 3,051.50 x 0.00022 = 67ppd or 3,476.46 x 0.00022 = 76ppd
Sorry if I'm being thick 
Steve 
__________________
04/10/06 statement request sent
09/10/06 43 envolopes of statements arrive
16/10/06 prelim sent recorded delivery (claim for £3,211.50)
31/10/06 14 day deadline to send LBA
31/10/06 LBA sent recorded delivery
15/11/06 MCOL submitted £3,596.46
16/11/06 copy of claim from court
17/11/06 copy of charges to court
17/11/06 MCOL acknowledged
14/12/06 28 days up,DG submit a DEFENCE
16/12/06 Allocation Questionaire papers from court arrive
18/12/06 FULL OFFER
21/12/06 FULL PAYMENT INTO ACCOUNT
if you found this post helpful, please click my reputation, thank you
(The small print-my advice and opinions are my own, and are given freely and without predjudice or liability whatsoever) | 
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11th November 2006, 16:08
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#4 (permalink)
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bong
Guest | Re: MCOL Daily interest query help please.
Quote:
Originally Posted by steve_n  My total claim is for £3,051.50 + interest of £160.09 (NOT calculated using 8% and this is my LBA figure)
When I submit my MCOL I take it I use the 3,051.50 sum but also add in the calculated 8% interest on that sum for the 6 year period as given in the template spreadsheet ? (approx £424.96) this would give me a total claim of £3,476.46 ?
Do I then claim the daily interest rate on this total amount or just the LBA claim amount ex the interest ?
i.e. 3,051.50 x 0.00022 = 67ppd or 3,476.46 x 0.00022 = 76ppd | hi steve, your total claim will be 3051.50 + 160.09, therefore 3211.59.
your claim for sec.69 interest will be 8% on all the amounts within the 3211.59 since the date they were debited.
your daily interest figure will be 3211.59 x 0.00022 = 71p | |
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11th November 2006, 16:23
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#5 (permalink)
| | Gold Account Customer | Re: MCOL Daily interest query help please.
Bong, can I queery that?
Should it not be.....£3211.59 + 8% x 0.00022 ?
Last edited by Peed 'orf; 11th November 2006 at 17:05.
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11th November 2006, 16:38
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#6 (permalink)
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bong
Guest | Re: MCOL Daily interest query help please.
Quote:
Originally Posted by Peed 'orf Bong, can I queery that?
Should it not be.....£3211.59 + 8% x 0.0002 ? | no its 8% on the claim only. | |
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11th November 2006, 16:46
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#8 (permalink)
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bong
Guest | Re: MCOL Daily interest query help please.
yes - but you still work out s.69 interest on the overdraft interest portion of the claim. | |
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11th November 2006, 19:56
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#12 (permalink)
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bong
Guest | Re: MCOL Daily interest query help please.
Quote:
Originally Posted by Peed 'orf Bong, I'm not being arguementative! Just trying to get it straight!
Charges + o/d int. x 0.00022 (not total claim + 0.00022)
Best I get it right when I submit mine! | If I gave you the impression I thought you were being argumentative then I'm sorry. I only intended to answer your questions.. Hope your straight with it all now | |
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