Overdraft Protection - can i claim it back?

**dylanward** · 28th April 2012 11:01

Hi,
can anyone tell me if I would be able to claim back overdraft icon

protection payments for 6 years icon

?

I've been paying 13.60 a month during that time and the overdraft is 1700,
this protection was set up when I increased my overdraft due to financial difficulties.

The whole process (application) was done online and basically I was not allowed to increase my overdraft without taking this protection,
there was no option to opt out.

Any help greatfully appreciated,

thanks,

A Ward

**citizenB** · 28th April 2012 11:17

If it was mandatory then yes, I would imagine you could claim it back

I am sure one of the PPI icon

guys will be around to advise later on today

**dx100uk** · 28th April 2012 13:00

yes ofcourse you can and PASSED 6yrs too.

have you all the statements?

if so treat it as a running CI account

use the fos icon

ci running sheet.

http://www.consumeractiongroup.co.uk...laims-Dec-2011

dx

**slick132** · 28th April 2012 23:05

Hi Dylan and welcome to CAG icon

Have the payments varied at all.

As already said, this sound like PPI icon

and should be reclaimed with Compound interest icon

.

**dylanward** · 30th April 2012 18:33

Hi, the payments have always been £13.60 since the overdraft was arranged (approx 5-6 years ago).

On a separate note we are trying to manage our debts through the CCCS and have agreed with almost everyone else to pay back a reduced amount each month until its clear, but Barclays icon

have closed the account and sent us a nasty letter demanding the Overdraft be paid back in full or it will accrue interest icon

at 82p a day until it is! I'm sure this is an idle threat, and hope its just a standard letter but obviously we're not particularly keen on being taken to court! Seems odd that their response to a letter about struggling with debts is to demand a full repayment, clearly we do not have this money...

Going off the PPI icon

Calculator we are owed £1100 of the overdraft so they can start by knocking that off...

Thanks,

D Ward

**slick132** · 30th April 2012 23:32

Moving this to the PPI icon

forum.

Use the letters and examples in this forum to set about reclaiming these charges.

I wouldn't assume Barclay's demand for full repayment is an idle one. If you're having Financial Difficulty, see here and write to the bank asking that they stop adding any interest icon

or charges - http://www.consumeractiongroup.co.uk...n-for-hardship

If this stops them adding 82p every day, that'll be a lot saved in a year.

**dx100uk** · 1st May 2012 00:59

Originally Posted by dylanward

Hi, the payments have always been £13.60 since the overdraft was arranged (approx 5-6 years ago).

On a separate note we are trying to manage our debts through the CCCS and have agreed with almost everyone else to pay back a reduced amount each month until its clear, but Barclays icon

have closed the account and sent us a nasty letter demanding the Overdraft be paid back in full or it will accrue interest icon

at 82p a day until it is! I'm sure this is an idle threat, and hope its just a standard letter but obviously we're not particularly keen on being taken to court! Seems odd that their response to a letter about struggling with debts is to demand a full repayment, clearly we do not have this money...

Going off the PPI icon

Calculator we are owed £1100 of the overdraft so they can start by knocking that off...

Thanks,

D Ward

that might be a bit low?

use

CISheet v101.xls

enter the OD int rate in cell D15

then enter EVERY £13.60 with the date it was charged in rows 20 onwards

dx

Overdraft Protection - can i claim it back?

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