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.
Greetings to everyone. I've just received my last 5 years' bank statements for a RBS account that I thought had been frozen in May 2004. I've been paying £20 a month on an overdraft of just over £2200 since then, and had thought that the interest had been frozen (I have another account with Barclays, so I use this for my day-to-day banking).
When I received my statements I found I have been being charged around £60 a month interest every month, so despite having paid around £600, I have accrued interest of about £1500. I went overdrawn due to charges, although I think these 'only' total about £300. Obviously I wouldn't have agreed with the bank to pay £20 a month had I known I was losing £40 in interest every month!!!
Can I claim these interest charges back? I keep hunting around for info on interest charges, but I'm confused about compound interest etc.
I intend to speak to my bank tomorrow (not about my intentions of claiming, rather about the fact the interest has been charged).
Interest nightmare - anyone else had this?!
account that I thought had been frozen in May 2004. I've been paying £20 a month on an overdraft
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