Thread: action against barclays

Barclays effectively caused the closure of our limited company after 6 years with a turn over of £350000.00+ p.a. by, closing all linked accounts.
despite many appeals from our local business managers the decision was out of their hands and head office proceeded this action although the conciqueces were quite clear.

Apart from having years of countless charges that we can possibly chase,
this action financially ruined both directors personally, I personally banked with barclays for years never once was overdrawn but as all linked accounts were closed this also incorporated my own, everything I had was with them.
Barclaycard , all credit cards were barclays bank, loans and account overdrafts were all 'called in' at the same time.

the effects were devistating.
to the tune of approx: £54,000.
and no job because of it. fortunately we are now working again.
it had been a battle via CCCS,
all creditors (all barclays linked) have agreed on minimum payments, except barlaycard who following many many threats of legal action, held out as did I but have managed to still notch up yet another £2000.00+ in interest and charges before finally freezing it. and still didn't go legal accepted a slightly higher minimun payment.

We have been advised by a few people to take legal action against barclays.
How likely is it that we could win this?
or get anywhere.
We do feel that we have good grounds and have good documented evidence.
Barclays blatently ignored our experts reports on the health and company and potential submitted to them prior to closing the accounts.in fact they didn't even reply to our letters or appeals via the local business advisors.
Due to circumstances caused by events at the time we were unable to obtain another account and our hands were tied

What would be the best course of action that you can reccommend or is it not worth it.

To be Honest we have nothing to lose by taking action.

look forward to seeng any replies

Pmml

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Hello and welcome. You are able to claim from closed accounts, although you will probably be asked to prove your ID. Hopefully you still have all account details and can send your DPA request if necessary.

You may not be able to claim the charges with respect to the Limited company account as these charges were probably itemised, and not penalty charges of the usual manner.

Read around the forums thoroughly, the FAQ's and libraries, then start your thread for your claim in the Barclays forum so that we can all follow your course of action, answer your questions there and give general advice.

Good luck, and please pop into the Bear Garden once in a while.
Vamp.

Hi Vamp,

Excellent site, thanks for your help.

I wrote my data protection letter to Barclays and got confirmation they will send my statements for my personal accounts however I also asked for the same for our Limited company. They replied stating thet the DPA does not cover requests for information held on limited companies.

Is this correct? I'm not sure I understood your reply above.

Many Thanks,

Grazel.

Does anyone know please? thanks

Thanks.