Help/stay

[charledl]

I have used the spreedsheet on the forum and my charges come to approx 3,000 my question is about the interest. am I right that you can only claim the interst charges if in the previous month you went overdrawn due to the bank charges they inforced on you, and not for going overdrawn because you spent to much.

I am ready to send my letter off, so would like this confirmed asap many thanks folks.

deb

[cathrionas]

I dont think you need to include details about interest until you get to court. Good on you for being ahead of the game.

[charledl]

Thanks for your reply about the interest which I know is 8% but I am talking about the overdraft interest they charged me on my statements at the same time as overdraft usage and returned Direct Debt, my question still stands.

am I right that you can only claim the interst charges if in the previous month you went overdrawn due to the bank charges they inforced on you, and not for going overdrawn because you spent to much.

[GaryH]

Yes, the 8% does'nt go on untill you file your court claim.

As for overdraft interest, personally I don't bother with it as its alot of work and in most cases does'nt add much value to the claim. Their is a spreadsheet in the templates library, but its quite complicated. You have to work out the interest that they charged you on top of each unlawful charge only - you CAN'T just claim the total overdraft interest. In other words, you can only claim the O/D interest that was levied as a result of an unlawful charge.

If it's a big claim or the charges were levied a long time ago then it might be worth it and you are intitled to re-claim it, so wether you want to try to work it out and claim it back or not is completely up to you.

Hope this answers your question

Gary

[charledl]

Thanks letter going tomorrow and I will not add the interset charged only D/D O/D etc. many thanks will let you know how it's going

[charledl]

Hi everyone

received my letter back to day saying sorry not happy, they have replied before the 14 days of my prem letter can I go ahead and send the letter before action now or do I have to wait until the 14 days is up.

debster

[closey]

Personally I would wait until the 14 days are up. You have said that you would give them 14 days, so it's best to stick to your word. However others have moved onto the next stage once receiving this letter and it hasn't made any difference.

Your choice really!

[charledl]

Hi everyone,

Have sent my LBA letter off 2 weeks tomorrow- no reply.
Will start my spreadsheet included in th 8% over the weekend so here goes,
get ready to rock and roll

[newacre]

... or 16% ir even their own unauthorised borrowing rate of 29.8 and let them argue that it is unfair

if you download your statement and are reasonably proficient with excel, use the formula in the spreadsheet to work out how much they have been charging you. i have done it and it it is regularly over 20% as some of it is at 16 and some at the higher rate.

if you don't know how then i will try to talk you through it.

[charledl]

Have finally received letter to say sorry no way so now it's time to work on excel, will have a go later tonight if I need help I will give you a shout.

[charledl]

Hi I have the NI form here ready to fill out a bit scared really, but I have a question. My 6 years claiming is to the end of Jan this year, if can't get to the court before the end of the month, will I have to start the process of writing to the bank with a new amount owing missing out Jan charges in 2001

does anyone understand what I am saying.

[lucid]

No you don't need to worry about that - it goes form the time you began action in the form of your initial request.

Lucid

[charledl]

hi I am filling in my claim form for the courts what address do I puut on for lloyds I have been using the birmingham address for LBA do I put this

[rbrears]

that will do - even if its wrong it will get to the right department. Dont sweat it - so long as you send it to your bank that will do.

[davethorp]

You could always put your branch address. Makes it a little more fun in the unlikely event that you have to send the bailiffs in

[charledl]

I have looked at the information required on the form N1 and the template supplied but I can't fit all this information in the particulars of Claim when I write it in Can I type the Patriculars of claim onto a single piece of paper an attach it to the claimform?

[asna97]

Originally Posted by charledl

I have looked at the information required on the form N1 and the template supplied but I can't fit all this information in the particulars of Claim when I write it in Can I type the Patriculars of claim onto a single piece of paper an attach it to the claimform?

hi are you doing this through mcol or your local court if you are doing it through your court , there is a template letter which you can print out and fill in all your details and then attach it to the n1 form hope this helps amy

[charledl]

Doing this through the court, have seen this template will use it many thanks for your help

[Pen]

Good luck Charled


Pen X