hi all, have started with credit cards now getting a bit braver and going to have a try at the bank.

Bit of history , had both a personal and a business acount with rbs

Business folded mid 2006, 80k secured debts in total

22k to rbs

company in liquidation

Both eventually got jobs but not paying as much as we earnt before.

I suffered a brain haemorraghe 2007 ?? stress induced, but hey im alive

im now just returning to work part time

we have morgage arrears of 8k but in an agreement to pay outstanding

questions :

1 can we try and claim on business account?

at least 5k charges there

2 personal account , £2300 without interest

do you think we count as a hardship case ?

any advice greatfully recieved

Hobs

Hi Hobs and sorry this went unanswered.

1. Business bank charges hit a problem with one of the earlier rulings handed down in the OFT test case. Read here - Business claims for bank charges - The Consumer Forums

2. Personal - Whether you qualify as a Financial Hardship case depends on your circumstances. You should initially contact the bank claiming FH and enclose a spreadsheet listing all the charges you want to reclaim and an Income and Expenditure schedule. If the bank won't co-operate and you think they should, you can complain to the FOS.

If the FOS agrees you have hardship status they will make a recommendation to the bank on whether they should refund the charges.

The hardship criteria the Financial Ombudsman Service would use is the Financial Services Authority waiver guidance. These are the definitions of financial hardship as suggested by the FSA in the updated Waiver.

1. The firm will be sympathetic and positive when considering any financial difficulties claimed by the complainant. Firms will not subject a complainant to harassment or undue pressure when discussing their problems.

2. In making an assessment of financial difficulty the firm will take into account:

a. evidence of changes in lifestyle, including loss of employment; disability; serious illness; imprisonment; relationship breakdown; death of a partner; starting a lower paid job; parental/carer leave; and starting full-time education;

b. evidence of the following events:

i. items repeatedly being returned unpaid due to lack of available funds;

ii. failing to make loan repayments or other commitments;

iii. discontinuation of regular credits;

iv. notification of some form of insolvency or court proceedings;

v. regular requests for increased borrowing or repeated rescheduling of debts;

vi. making frequent cash withdrawals on a credit card at a non-promotional rate of interest; and

vii. repeatedly exceeding a credit card or overdraft limit without agreement (and, in this regard, where a complainant has incurred over £500 in unauthorised overdraft charges in the previous 12 months, that is to be treated as indicative of financial difficulty).

3. If during the handling of the complaint the firm becomes aware (including by notification from the complainant) that the complainant may be in, or heading towards financial difficulties, the firm will contact the complainant to outline their approach to financial difficulty cases and to encourage the customer to contact the firm if the customer is worried about their position. The firm will also provide signposts to sources of free, independent money advice.

4. The firm will make available to complainants straightforward information in plain English on the firm’s procedures and systems for dealing with customers in financial difficulty.

5. If it becomes clear to the firm that the complainant needs specialist assistance, the complainant will be referred promptly to a specialist team that deals with customers in financial difficulties, if one exists. The firm will give a phone number on all communications that will put the customer in contact with a named person or a team dedicated to dealing with cases of financial difficulty.

6. Where the firm does not have sufficient evidence to assess whether or not the complainant is in fact in financial difficulty, the firm will seek such further relevant information as is reasonably required to make that assessment. In the event that the firm reasonably requires relevant information to be provided by the complainant and the complainant does not provide the requested information within a reasonable period of time, the firm shall not be obliged to treat such a complainant as being in financial difficulty.