Advice Required

**richgilham7** · 29th March 2006 16:50

Hi all I could do with a bit of advice.

I finished uni last year but all the way through my degree had loads of bank charges from Barclays icon

. I have the letter filled in and ready to send but not sure where to send it to and whether they are likely to close down my account? Also as my overdraft icon

was an interest free student overdraft I can't claim the 8% interest can I?

Another thing, my dad has his own business as a motor engineer and gets loads of ridiculous charges each month because it is a business account (with Barclays again!). For example, he gets charged for taking cash out and paying it in, writing cheques and paying them in etc. Surely banks aren't aloud to do this? Can anyone advice if they are and if not can he claim the money back??

Cheers

Rich Gilham

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**natalie** · 29th March 2006 16:52

The 8% interest is not overdraft icon

interest, it is interest on the money you are owed that is applied from when you register your claimwith the court.

You CAN claim this if it gets that far even though your od was interest free.

**maestro451** · 29th March 2006 17:53

With regards to the your 2nd question, im afraid from what I understand these are services and banks can charge are entitled to make a profit from these services.

**richgilham7** · 30th March 2006 14:39

Thanks,

So let me get this straight, the 8% interest icon

does not start from when the charge was incurred??
Just from when the claim was started (I.e letter sent)??

Cheers

Rich

**rivendale0506** · 30th March 2006 14:44

no- you only add the 8% when you actually file a claim with the court.

**dave** · 30th March 2006 15:03

The county courts act of 1984 allows you to claim 8% APR.

If the bank pays up before you start proceedings then you haven't (or can't) invoke the County Courts Act as they haven't been involved.

(Mind you, there's nothing to stop you from trying to claim the same OD rate that they do at say 10.9% and then drop that if and when it came to court!)

If you have to start proceedings against them - then you are entitled to the 8% APR (That's APR 0.0002% for every day since each charge was incurred - spreadsheet in the library) - EVEN if they settle beforehand as at this point they are not settling for the full amount, which you would be entitled to IF it went to a court room.

Geddit?

**Amos** · 1st April 2006 10:42

just got letter from Barclays icon

saying they will look into the case and get back to me within 2 weeks. Should i waid for them or should i just filll for cliam when the 14 days given to them is up?

**dave** · 1st April 2006 10:55

You are running the show now.

Personally, I wouldn't take their stalling techniques - if you owed them money, they could demand it back within 14 days.

Why should you not extend the same courtesey to them?

If you said 14 days, give them 14 days.

That's what I would do - and have done.

Let them know that their stalling/unlawful/incompetent days are numbered.

They are, after all, only a bank. They don't actually do much apart from 'look after' our money.

**Amos** · 1st April 2006 10:58

Thank you Dave.

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