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1) Can I claim back the monthly charge for my arranged overdraft (this amount varies monthly, usually around £25)?
No this is an agreed charge and is therefore unclaimable.
Originally Posted by Essix Blue
2) Can I claim back interest charged for my O.D.?
Yes, but only a portion of it. Full explanation of how / what to do is here. Also gives you pointers on building up your claim sheet.
Originally Posted by Essix Blue
3) When I submit my 2nd letter, outlining the charges I'm claiming back, do I have to list each and every charge seperately???
You will need to send them a statement of your charges, there is a link to a spreadsheet to use in the link I provided in Q2. On here, you outline each charge seperately including description, date and amount so that you have an account of what you are claiming.
Good luck compiling your prelim and don't be afraid to ask for help along the way!
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No this is an agreed charge and is therefore unclaimable.
after reading further, I realise that being a RBS Royalties Gold account holder, I'm subject to a charge of £12 per month for the 'privilege'.
However, my £12 charge increases to £25, sometimes £30 per month if I've incurred other charges that month. Can I claim the difference (i.e. £13 / £15 back from them??
However, my £12 charge increases to £25, sometimes £30 per month if I've incurred other charges that month. Can I claim the difference (i.e. £13 / £15 back from them??
Yes. Again, this is outlined in the link I gave you above
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Yes. Again, this is outlined in the link I gave you above
ok - thanks for the link, I've downloaded the spreadsheet and begun to enter the charges...
BUT
I'm still confused as to interest!! As I understand it....
In the Charges and Interest tab, I enter the charges AND I can calculate the interest charged by going O.D. and claim this interest back, yes? I.E. if for 1 month I was charged £40, the interest I paid on that £40 can be claimed back?
Now, the s69 interest and / or daily interest, do I only calculate this (and include it in my claim) IF I issue court proceedings??????
Thanks in anticipation of you reply (and thanks for the goodwill messages)
I've got halfway through inputing my charges and interest charges.....
I'm really confused how it all adds up. Some months if I'm £1400 OD (£250 is interest free) and I'm charged say £13 interest, it calculates I've paid £13 interest on penalties that month even if there have been NO penalties?!?!?!?
At the moment, interest on penalties is running at approx 20% of the penalties total, does that sound correct??
In the Charges and interest tab, I enter the charges AND I can calculate the interest charged by going O.D. and claim this interest back, yes? I.E. if for 1 month I was charged £40, the interest I paid on that £40 can be claimed back?
Now, the s69 interest and / or daily interest, do I only calculate this (and include it in my claim) IF I issue court proceedings??????
Both questions are correct.
Originally Posted by Essix Blue
I'm really confused how it all adds up. Some months if I'm £1400 OD (£250 is interest free) and I'm charged say £13 interest, it calculates I've paid £13 interest on penalties that month even if there have been NO penalties?!?!?!?
Hmmm, not sure top of my head. Feel free to email me your spreadsheet so I can have a quick scan to check it is working correct.
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I had a claim against RBS and they offered to settle in full within 10 days of issuing the preliminary letter for a sum similar to yours, but no interest. I was amazed given the battles I seem to be having with the other banks.
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I had a claim against RBS and they offered to settle in full within 10 days of issuing the preliminary letter for a sum similar to yours, but no interest. I was amazed given the battles I seem to be having with the other banks.
for how much (if you don't mind saying)?
Request for statements sent 1/2/07
Statements received 10/02/07
Prelim emailed and posted 15/02/07
Prelim email received 15/02/2007 Prelim letter signed for 16/02/2007
If you are ready and feel comfortable with a battle then claim everything.
If you want your money quickly, albeit a lesser sum then leave interest off your preliminary letter.
Although I do not know RBS, they well they may still offer you the base charges even if you ask for interest as well.
The choice however is a personal one. Think about it and decide tomorrow.
I have a mixed bag of claims, one I am claiming charges back 10 years and contractual interest and others just the 8% statutory (and of course the charges).
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Its something you need to decide upon, read through peoples threads that are claiming contractual and see what experiences they are having. You might want to go through the extra work, you might not.
A couple of threads that are going through Contractual interest claims with RBS at the moment are mcuth and livelylad. Find their threads and read up on what has happened. These are live claims and are quite detailed so should get a lot of info from them....
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Essix Blue v RBS
of statements for the TWO RBS
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Originally Posted by Essix Blue
