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.
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone
- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
rather than hittting to be my friend - hit the star
It is a bank acc. I've been doing my credit cards(Capital One & barclay card) and looking into the contractual interest, but you make a good point. Is the contractual interst much different for a bank account???
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone
- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
rather than hittting to be my friend - hit the star
many thanks for that, I found the thread and after a renewed read... im getting through it slowly. After a couple of posts on there http://www.consumeractiongroup.co.uk...ctual+interest
and a renewed look at their website. I've found Alliance and Leicesters Effective Annual Rate for autherised or unautherised over drafts is 17.08%.
I'll have to work my way through the spreadsheet I've got now to work out my claim.
If you are intending to use the contractual interest rate make sure that you are fully aware of all the pros and cons, and read as much as you can about it. There doesn't seem to be any legal basis for claiming contractual interest, so there are risks to claiming it. Of course some people have claimed it successfully, please fully acquaint yourself with the risks, as well as the more obvious and dangerously tempting benefits.
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.
Many thanks for that sound advice there. I am continueing to slowly read through the Why is no one claiming the contractual rate of interest???
thread which is very imformative. I haven't yet sent my Pre-lim letter and so aven't technically even started my claim at all, YET. My throughts was simply if I aim high I'm mre likely to get more,and after the bother Ive had from these companys I intend to get the maximum back. My finance never really recover...
A few of the arguement I can use:
-If they hadn't taken that penalty charges and the interest on those charges, I would of had the money from when they did take it until now.
-It's kinda like they've borrow/had that money of mine, and like when I had their money they charged me interest, I should charge them. I am aware of the on going arguements about the nature of contract and the banks and admitedly I'm still reading here. Also I should charge them their current rate!
-erm if I do get less than my total claim inc interest, but more than my total of charges then it'll be a success of sorts.
My main interest here is to clear the depts I have to these companys and the dept collection agencys, and remove the defaults from my credit files.
Many thanks there.Caro
Will keep you updated. Im still working on putting all the information into the spreadsheet.
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone
- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
rather than hittting to be my friend - hit the star
Erm I dont think I am looking at the spready.Im reclaiming the original penalty charge + compound interest from then till now + the segment of the interest I was charged on my entire acount that was due to the charges + compound interest on that too.
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone
- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
rather than hittting to be my friend - hit the star
Dats cool,keep 'em coming. I've Just got my pre-lim letter and schedule of charges printed off and ready to go. I even added a bit at the end about how I realise my account has been sitting at -£765.41 and I'm only claiming back £506.11 and how im prepared to pay this off or something. Assuming of course they remove any defaults from my credit file. Also gave them a generous 28 days to reply as I'm doing this with several others and don't have the time I'd like to commit to this
had a reply from Alliance and leicester dated 3rd march 07 think i got it a day later.
Thank you for contactin us regarding oyur account.
I have noted your comments that you believe the charges that have been raised on your account to be unfair, please be assured our charges are reasonable and are competitive with the charges made by other inancial organisations.
The office of fair trading (OFT) has commented that they consider the level of late payment charges to be unfair, however they were actually referring to late payment fees for credit card payments, which are quite distinct from a bank's charges on current accounts.
Discussions are ongoing between the banks and the OFT regarding current accounts and once the outcome is known, Alliance & Leicester will participate as appropriate.
Given the above, I cannot accept you have been unfairly charged as you suggest. I regret, therefore, that I am unable to agree to your request for a refund of charges on this occasion.
I am sorry if you are disappointed with my response, but as the charges have been raised correctly in line with the terms and conditions of your account, they must stand.
yours sincerely
A Rodgers
Customer service
It might have ben late payment fee that started this but the main point is that in the terms and conditions that their so fond of ti says they'll fowell the law basically. All these charges are penelising us for any kinda of defualt.Which under common law must be proportionate to their cost.... At the moment most of the charge are used for running cash machines, instead of maybe a few pence for the cost a letter or 2 and maybe a couple pence interst for any money owed....
Time to look into the LBA- letter before action me thinks and explain this to Alliance & leicester!!!!
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
NEVER EVER - act on a private message asking you to visit another website, make contact 'off list' or by telephone
- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
rather than hittting to be my friend - hit the star
Right the 28 working days should be up on the 4th of april I think, but they've replied as I said above. So I'm getting ready to send my letter before action, Just suddenly feeling a little daunted at the through of going to court. Has anybody got any advice or can tell me what I need to do? I keep intenting to read the 'Small Claims Procedure by Judge Patricia Pearl-An excellent guide for the layperson' that I got but haven't yet found the time. Only managed a little look at the law pack I got too.
Well in the mean time I'm just going to edit the LBA to be a little more relavant.
I wouldn't bother being as generous with allowing them to sort it with your lba. It doesn't make a blind bit of difference and makes it look like you aren't serious. If you don't have time to do this, then leave it until you have.
Don't forget they don't go to court so don't get too wrapped up in that, although I'm not sure how they deal with CI. I've not had as much time as I'd like to spend on the A&L forum lately. If they offer to settle with statutory instead you should accept it, but we'll see what happens.
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.
I wouldn't bother being as generous with allowing them to sort it with your lba. It doesn't make a blind bit of difference and makes it look like you aren't serious. If you don't have time to do this, then leave it until you have.
not sure I get what you mean there?
If they do offer me statuary interest instead I'd certainly consider it.we'll see what happens.
The prelim letter and lba give 14 days each for a reason. Under the CPR's you should give 28 days to settle before taking court action, but you are giving them longer, and they've already said they won't pay up unless people take court action. I just think it's giving them too much time. You might just as well have waited a couple of weeks and done the standard prelim, but I guess it doesn't really make a difference. It's your timetable after all.
I'm assuming they still aren't paying without court action, but as I've said I've not been on the A&L forum too much lately as other banks are much harder to claim from, and I've had to devote more time to that lately.
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.
Many thanks for that,throught it might be something like that. (whats CPR's) atleast I'm giving them enough time,I do see your point about not looking serious though. The main reason I'm giving them so much time is the number of banks/credit cards I'm claiming off at the same time.
Many thanks...kinda stuff I really need to know...
Reaver V's Alliance & leicester - anybody know the interst rates???
rates???
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