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.
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I have received my Bank Statements (they missed the 40 days by 1, but I'll forgive them due to Christmas), I now need some advice please:
1. Do I include the interest they charged for using the overdraft facility?
2. Do I include the o/draft charges which as previous Girobank customers seem to have spotted varies from £5 to £25 each month?
3. Do I calculate the 8% interest now before asking A & L to reimburse or wait until it goes to court?
Hi there yes include the interest they have charged you.
there is a good interest calculation spreadsheet in templates
Include all charges, i claimed for charges as little as £3.50 and recived payment in full.
Do not calculate the 8% untill you are at the court stage
Hope this helps good luck.
1. Do I include the interest they charged for using the overdraft facility?
You cannot claim all overdraft interest.
There are 2 instances of interest you can claim:
1.When you go overdrawn the bank will charge you interest, perfectly lawfully.
However, if part of your overdraft is made up of penalty fees, they are also charging you interest on these too and it is this interest which you are entitled to claim back, but it's tricky to separate out from the total interest figure.
Vampiress has a spreadsheet, (the advanced one), in the bank templates library, which attempts to calculate this
It's quite complex and unless your claim is large may not amount to that much, so for simplicity's sake, some people don't bother
This is the interest referred to in the preliminary and lba letters.
2. Section 69 8% interest on your claim, but only hen you submit a claim at court. Don't add this interest before moneyclaim
When the Liberals and Conservatives were in opposition they both agreed that banks should pay back high bank charges to customers. Nothing seems to of happened since they came into power as a coalition. PPI insurance has been sorted now they should turn their attention to bank charges and help customers get exorbitant charges refunded.
Should you be offered help that requires payment please report it to site team.
Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007
Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06
Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007
Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.
Well I sent off my lst letter telling them I wanted £3,222 back in unlawful charges on the 15th (Monday) and I had a reply waiting for me today (Thursday)
"I have now had an opportunity to review why the charges were raised and have also considered your comments. I can confirm that the charges have been applied correctly in line with the terms and conditions of your account, and as such, I regret I am unable to agree a refund on this occasion.
... please be assured our charges are in line with those made by other financial organisations."
Has everyone else had the same letter, mine does not mention credit card charges?
Am I right in thinking that it is the court warning letter next?
hi you are more or less on my timescale, i received the same letter yesterday , so now waiting for the 14day calender days before lba , it is redated and waiting to be printed,
good luck!
__________________________ ________
HSBC Full offer accepted!!£3613.39
(Payment paid into bank 29/01/07)!!
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A & L offer recived in full
account threat of closure
reported to FOS 5/04/07
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Mint offer accepted in full
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Studio Pre lim sent 05/04/07
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MBNA SAR sent
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Awaiting SAR doc from Creation finance
Do I really want to do this?
facility?
Lesley
Lesley
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