Consumer Action Group 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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Are you being threatened over debts more than 6 years old?
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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 |  | | 
23rd February 2006, 19:25
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#3 (permalink)
| | Basic Account Customer |
12th sept 20.00
13th oct 14.00
12th nov 20.00
13th dec 75.00
TOTAL 129.00
8% = 10.32 TOTAL INC INT = £139.32  | 
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23rd February 2006, 19:25
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#4 (permalink)
| | Basic Account Customer |
12th sept 20.00
13th oct 14.00
12th nov 20.00
13th dec 75.00
TOTAL 129.00
8% = 10.32 TOTAL INC INT = £139.32 | |
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23rd February 2006, 20:00
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#5 (permalink)
| | Site Team The Consumer Action Group |
I haven't checked your maths but I don't think that you understand how it works. You have to calculate the daily rate for each charge at 8% from the date at which it was imposed. You calculate the accumulated daily interest for each charge for the number of days that they have taken the money from you.
Then at the the point when they are all running together - in the example you have given here - on the 13th December, you can add up all the daily rates and then run them together as a daily rate for the total of the charges.
Make sense?
__________________
Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential.
Please include a link to the post you want me to look at. If you have received a defence, contact me.
Advice & opinions of BankFodder, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. | |
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23rd February 2006, 20:00
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#6 (permalink)
| | Site Team The Consumer Action Group |
I haven't checked your maths but I don't think that you understand how it works. You have to calculate the daily rate for each charge at 8% from the date at which it was imposed. You calculate the accumulated daily interest for each charge for the number of days that they have taken the money from you.
Then at the the point when they are all running together - in the example you have given here - on the 13th December, you can add up all the daily rates and then run them together as a daily rate for the total of the charges.
Make sense?
__________________
Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential.
Please include a link to the post you want me to look at. If you have received a defence, contact me.
Advice & opinions of BankFodder, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. | |
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23rd February 2006, 21:08
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#7 (permalink)
| | Basic Account Customer |
so if it says total charges 12th sept 20.00 (to 21st aug) i need to calculate 8% per day, so 22 days at 8% of 20.00 is that correct | |
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23rd February 2006, 21:08
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#8 (permalink)
| | Basic Account Customer |
so if it says total charges 12th sept 20.00 (to 21st aug) i need to calculate 8% per day, so 22 days at 8% of 20.00 is that correct | |
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23rd February 2006, 21:51
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#9 (permalink)
| | Site Team The Consumer Action Group |
Quote: |
Originally Posted by jamiebraund so if it says total charges 12th sept 20.00 (to 21st aug) i need to calculate 8% per day, so 22 days at 8% of 20.00 is that correct | Sorry - i don't understand what you mean.
I barely even understand what I mean!
__________________
Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential.
Please include a link to the post you want me to look at. If you have received a defence, contact me.
Advice & opinions of BankFodder, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. | |
| | |
23rd February 2006, 21:51
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#10 (permalink)
| | Site Team The Consumer Action Group |
Quote: |
Originally Posted by jamiebraund so if it says total charges 12th sept 20.00 (to 21st aug) i need to calculate 8% per day, so 22 days at 8% of 20.00 is that correct | Sorry - i don't understand what you mean.
I barely even understand what I mean!
__________________
Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential.
Please include a link to the post you want me to look at. If you have received a defence, contact me.
Advice & opinions of BankFodder, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. | |
| | |
23rd February 2006, 22:33
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#11 (permalink)
| | Administrator The Consumer Action Group |
Oh for goodness sake - go back to school, the lot of ya!!
8% APR
129
2.77 @ 0.00022 * No Of Days for each charge (164,133,103,72 respectively)
-----
131.77
-----
Bloody hell!!!
__________________
<font face=arial size=1>Advice & opinions of Dave and The Bank Action Group are offered informally, without prejudice & without liability.</font>
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23rd February 2006, 22:33
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#12 (permalink)
| | Administrator The Consumer Action Group |
Oh for goodness sake - go back to school, the lot of ya!!
8% APR
129
2.77 @ 0.00022 * No Of Days for each charge (164,133,103,72 respectively)
-----
131.77
-----
Bloody hell!!!
__________________
<font face=arial size=1>Advice & opinions of Dave and The Bank Action Group are offered informally, without prejudice & without liability.</font>
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24th February 2006, 09:34
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#13 (permalink)
| | Classic Account Customer |
There are free to download Excel compatible spreadsheets that you can use if you have a broadband connection. | |
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24th February 2006, 09:34
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#14 (permalink)
| | Classic Account Customer |
There are free to download Excel compatible spreadsheets that you can use if you have a broadband connection. | |
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24th February 2006, 12:23
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#15 (permalink)
| | Basic Account Customer |
bear in mind that the total interest will increase on a daily basis, you'll need to work out the amount on the day you submit your claim I believe?
Although it's probably only a few pence a day i'm sure it'd look better to have it spot on when going to court  | |
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24th February 2006, 12:23
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#16 (permalink)
| | Basic Account Customer |
bear in mind that the total interest will increase on a daily basis, you'll need to work out the amount on the day you submit your claim I believe?
Although it's probably only a few pence a day i'm sure it'd look better to have it spot on when going to court | |
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24th February 2006, 12:25
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#17 (permalink)
| | Site Team The Consumer Action Group |
Quote: |
Originally Posted by richardsimkiss bear in mind that the total interest will increase on a daily basis, you'll need to work out the amount on the day you submit your claim I believe?
| Yes
If there is any doubt, then go a bit under rather than a bit over.
__________________
Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential.
Please include a link to the post you want me to look at. If you have received a defence, contact me.
Advice & opinions of BankFodder, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. | |
| | |
24th February 2006, 12:25
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#18 (permalink)
| | Site Team The Consumer Action Group |
Quote: |
Originally Posted by richardsimkiss bear in mind that the total interest will increase on a daily basis, you'll need to work out the amount on the day you submit your claim I believe?
| Yes
If there is any doubt, then go a bit under rather than a bit over.
__________________
Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential.
Please include a link to the post you want me to look at. If you have received a defence, contact me.
Advice & opinions of BankFodder, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts. | |
| | |
24th February 2006, 17:04
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#19 (permalink)
| | Platinum Account Customer | |
Not got excel and need to work out 8% for second letter? 
