Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
i am just starting to claim back my charges and i am still very unsure of what i can claim back on interest as when i get a statement it says"The current unauthorised* rate applicable is 2.20% per month, effective annual rate 29.8%
*or other authorised rate agreed with you."
If you don't have an overdraft, you simply reclaim the interest they charge you every month because charges make you go overdrawn.
If you don't have an overdraft, you need to work out how much interest they've charged you because the charges sent you over your overdraft (i.e., you reclaim a portion of the overdraft interest!)
Yes - just the portion that's applied to your account because because charges sent you over the overdraft. Try one of the spreadsheet links posted above - I think the complex spreadsheets help with this. If not, calculator at the ready!
I don't know if i am really thick or just not reading this properly (so i am very sorry for all the questions) right i get a basis charge if i go over my overdraft of £28.00 i can claim for this?
But every month i get charged overdraft interest with the wording in my first post can a claim this as well? and is it this i need to work out how much as some is agreed and some of it is unauthorised?
Yes! It's really confusing and difficult to work out - especially if you're not great with your maths like me! You can't reclaim the overdraft interest in it's entirety, just the bit that applies to the 'unauthorised borrowing' (the charges that sent you over the overdraft.
Personally.............. I didn't bother with it!!
So being as i am thick (lol) i will just claim for the £28 charges that i got charged everytime i went over my overdraft limit (is this correct??)
I have just sent of the letter for all the charges i have had i have been with the bank since Aug 1999
You're not thick at all............. it's awful getting your head round it. I had it explained to me about fifty times........... still didn't get it!!!! As well as being charged for going overdrawn, you can reclaim other charges such as returned Direct Debits, paid referral fees, etc. Have you included additional charges in your schedule of charges and prelim?
Well i have sent my letter off (28th June) but it has not been delivered because of the postal strike so i am going to give it a couple more days and try again good job i sent it recorded delivery
interest charges
interest????
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Re: interest charges
