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Due to costly bank charges my finances were in tatters, I got called into my local branch for an account review. My spirits were down and my head all over the place due to my money problems, the banks advisor persuaded me to get a loan to sort myself out.
Now I've found out I can claim the excessive charges back I'm delighted but still annoyed that I've been paying loan repayments to the bank to cover the cost of there original charges!
Is there any way to claim part of the loan back as if the charges were not so high either the loan wouldn't exist or would have been smaller>
Not sure, might be worth a try! see if they'll take off the interest part of it at least! let us know how you get on? good luck!
I QUESTION THEREFORE I AM!!
Unfortunately i'm not an expert in any given field legally and my advice and that of the Consumer Action Group and the Bank Action Group is given without prejudice and without liability so please if in any doubt whatsoever seek help from an insured qualified professional. Contents of my posts are purely my own personal opinions and not condoned or endorsed in any way, shape or form by CAG. Thank you!
Someone on the Lloyds forum claimed exactly that - the charges plus the loan. It was a while back but I will see if I can find the thread for you.
Please note that I am not a legal expert and all advice given is without prejudice and is purely my opinion only.
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Keep this updated as the same happened to me and i am plan to claim back the interest and the payment protection they talked me in to getting, obviously without their charges we wouldnt have needed the loan in the first place! i would be interested to hear what happens. good luck!
If the loan is still outstanding, you should be able to claim for the entire amount required to settle the loan. While this includes part of the money you legitimately owe, you have a burden as a result of the charges that you would not otherwise have taken on. Beware that you might need to reject early offers of settlement if you want to try this though, as you will have to take it right to the wire to force that money out of them.
I have 2 calims in where I am claiming back the interest that relates to the charges - cobbetts are arguing over the loan interest, must be due contact from them soon as I last refused 2 weeks ago.
I have 2 calims in where I am claiming back the interest that relates to the charges - cobbetts are arguing over the loan interest, must be due contact from them soon as I last refused 2 weeks ago.
Spoke to Cobbetts today and they are sending cheque for amount less the loan interest and applying for summary judgement for that part of the claim to be struck out. Guess it'll be off to court then!
Has anybody been paid this interest back - I can't find it anywhere.
Have received a letter from Cobbetts today, inside was a defence letter and also the famous CPR part 18. I will be sending them a letter back stating that these are intimidating tatics and also stating that I've sent the court a copy of the letter and CPR part 18 request.
I look forward to the next couple of days, I should receive my aq from the courts.
I also find it poor that they are asking for a schedule of charges, considering I must have sent it at least 3 times to Natwest. I feel like being cheeky and telling them to contact Stuart Higley for them but I wont.
Yes I claimed for the loan interest, I'm that annoyed that I have been paying a loan for the last 4 years, that in reality I wouldn't have needed to take out if the excessive bank charges were never placed on my account.
In some ways I would love the loan payments paid back to me as well plus the payment protection that I am sure was mis-sold to me! This maybe a bit tricky though and I cant see too many threads with people claiming money back from loans taken out to clear debt due to the banks charges.
Have received a copy of the allocation questionnaire that cobbetts have submitted to the courts. it reads.
Case Management directions cannot be proposed until the claimant serves a reply to the request for further information which was due on 22 December 2006. In light of this, the defendant may amend Defence or apply to strike out.
Had already sent cobbetts a letter stating I wont be filling the cpr part 18 request. Natwest already have 3 copies of my spreadsheet with list of charges.
Yes I claimed for the loan interest, I'm that annoyed that I have been paying a loan for the last 4 years, that in reality I wouldn't have needed to take out if the excessive bank charges were never placed on my account.
In some ways I would love the loan payments paid back to me as well plus the payment protection that I am sure was mis-sold to me! This maybe a bit tricky though and I cant see too many threads with people claiming money back from loans taken out to clear debt due to the banks charges.
this is what i want to do... i was sold pp when i wasv a student with no real income..... and i want the intrest on my payments too, like you said if it wasnt for the charges...
I'm getting a bit confused which maybe is no surprise considering cobblers are involved.
The court has issued a hearing date of the 5th March, but have asked that I do reply to the defendants request for further information. Looking back at what Cobblers have sent to me in the past, they have asked for a list of charges and the CPR part 18.
Last week I sent them another copy of the charges and explained I had sent Natwest a copy of these at least 3 times in the past, I also sent the court a copy.
I am now worried as do the court want me to answer the CPR Part 18, if so is it best that I do this but also send Cobblers a Part 18 request of my own asking for further information regards the charges?
I have just stumbled across this and discovered the same has happened to me - being forced to take a consolidation loan to cover £100's charges in one month? Has ther een an update as to if you can claim the loan & interest? Cheers
I'm getting a bit confused which maybe is no surprise considering cobblers are involved.
The court has issued a hearing date of the 5th March, but have asked that I do reply to the defendants request for further information. Looking back at what Cobblers have sent to me in the past, they have asked for a list of charges and the CPR part 18.
Last week I sent them another copy of the charges and explained I had sent Natwest a copy of these at least 3 times in the past, I also sent the court a copy.
I am now worried as do the court want me to answer the CPR Part 18, if so is it best that I do this but also send Cobblers a Part 18 request of my own asking for further information regards the charges?
Have a read here there is info on how to reply - is this the same court by any chance?
loan payments to cover bank charges
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Re: loan payments to cover bank charges
and i am plan to claim back the 
Originally Posted by gizmo111
Re: loan payments to cover bank charges
