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.
Yeah I am interested in this too. It is a tad confusing.
I think you can include total charges plus interest on column of spreadsheet.
If there is no joy then you add the 8% judicial amount from date of claiming.
Have I understood this right anybody please
no interest from onset. apply interest once money claim is filed online.
I have no idea about this whole contractual interest thing. it was all to complicated for me, i just added up all the charges and claimed for that amount.
The preliminary approach for repayment letter includes the text below.
What I require
I calculate that you have taken £XXXXX plus £XXX which you have charged me in overdraft interest for the sum which you have taken. Total £XXXXX .
I enclose a schedule of the charges which I am claiming with this letter
Surely this means you should include the interest?
I sent my Preliminary approach for repayments letter request along with the spreadsheet which calculated the 8% interest as it was all very confusing. So far the bank have replied with a standard we will look into your complaint with 4 weeks blah blah..... so am now on to the next step. They didn't toss my claim back soi guess it is ok? Sorry not to be any more helpful!
In the pre lim letter where it says total charges + interest the interest it means is overdraft INTEREST ONLY as if the banks charge you and it takes you over your limit and then they charge you interest on it. You CANNOT claim this if this is only part of your agreed overdraft or if it wasn't a charge that took you into it.
The 8% is NOT part of the pre lim or lba letters as only something you use when filling your claim, you shouldn't send this into them even if it prints on the spreadsheet, you need to cut it out or delete the interest collumns till you reach filling your claim for court as this will cause confusion and will result in problems when reaching court. Any other questions about this iam happy to help.
Good Luck people. Keep us updated.
My advice is only my opinion, I am not a legal expert.
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thanks for the info, but unfortunately I mis understood when I did my prelim Req for payment and sent in the spreadsheet complete with 8% calculation added.. I received a standard sorry you're not happy letter, and now need to send my lba. Have I stuffed up my chances of being successful? Should I re-send with amended figures? HELP......
Angie Knights' cabinet with night vision technology
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Re: preliminary approach for repayment letter
You have most definately not mucked it up! carry on as normal, send in your lba without interest! The fact you have done it in the first instance will not aid thier case - they will know your not a qualified pro - thats all! and if they try any tactics you know where to come.
have sent letter requesting statements etc... Natwest have breached on 40 day deadline, have spoken to them again and they are reordering the statements should havethem in 7 days. other than report them to data protection commission people is there anything else I can do to move it along?
i am starting the process of claiming from my bank. they have sent me a letter threatening to default if i do not come up with a way to repay the overdraft, which was caused by their charges. i need to know if i include the red section of the letter even though they have only threatened
Hi there Im sending my prelim letter tomorrow for £600 I am not bothering with interest as it will be pence as my account is almost always in credit so the banks have not charged me much interest. I am however charging them their unarranged borrowing rate of 29.84% from the day they took each penalty until todays date and each day it drags on, this is merely reciprocating their charges for unarranged borrowing of my money!! The amount totals £72 a small price to pay I think for the stress they cause and the fact that some months they prevented me from doing some nice things that I work damned hard for, I also wrote that I will be informing the local press office and asking them to offer some support and coverage if I get given the run around......
HI - I wonder is it possible to claim back late payment fees over the said period ? mine amount to over £170 and if so is it possible to reword this template so it sounds ok (ie no overdrawn or interest charges) Any help on the wording of this would be gratefuly appreciated.
I have just received 6 years worth of bank statements from RBS. Having calculated my charges for two accounts the charges total up to just over £4,000. Most of the charges are due to the bank taking charges out of my account and taking me overdrawn. To be honest I am quite shocked at how much I have paid over the years some months I have paid £80, but generally its £28 per month. Do you think I have a chance? I am about to send my letter asking for the charges back so any advice?
Angie Knights' cabinet with night vision technology
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2,229
Re: preliminary approach for repayment letter
Yes you have more than a chance. You need to start your own thread though - you'll get a bigger response that way. When in RBS forum click 'new thread' and your away.
I have just received 6 years worth of bank statements from RBS. Having calculated my charges for two accounts the charges total up to just over £4,000. Most of the charges are due to the bank taking charges out of my account and taking me overdrawn. To be honest I am quite shocked at how much I have paid over the years some months I have paid £80, but generally its £28 per month. Do you think I have a chance? I am about to send my letter asking for the charges back so any advice?
Thanks
My partner is claiming back from RBS now, as he is getting charged on a weekly basis anything from £28 plus, usually more. RBS are absolutely terrible with their charges, and even charge you when you haven't gone overdrawn!! :o
We have a new baby and can't afford to be letting a bank screw us for every penny we have - so thanks to CAG for all the help and advice I've had so far - hopefully we'll get back the extortionate amount they have 'stolen'.
Sarah
preliminary approach for repayment letter
in my preliminary approach for repayment letter?
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Re: preliminary approach for repayment letter
The amount totals £72 a small price to pay I think for the stress they cause and the fact that some months they prevented me from doing some nice things that I work damned hard for, I also wrote that I will be informing the local press office and asking them to offer some support and coverage if I get given the run around......
Re: preliminary approach for repayment letter
Re: preliminary approach for repayment letter
Originally Posted by goldie06
RBS are absolutely terrible with their charges, and even charge you when you haven't gone overdrawn!! :o 
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