hi all would like some imput on what i think is possible ,but i am fairly new to this and would like some feed-back here goes,,

I have around £450.00 of charges with Nationwideicon dating back to 1995
(have all statements)

my idea is,, claiming back fees with contractual interesticon @ 28.3%(unarranged borrowing)

my reasons to justify this rate are,

The case law reguarding reciprocity

Also i have at times been sent over my overdraught limit due to charges,at which times i have been charged 28.3%, these charges are illegal and therefore the lender being licenced to lend money surley acted outside the realms of his licence,,thus being unlicenced to do so.

Any counter argument the bank may have on my non-status as a licenced money lender ,therefore due to the above fact must shorly fall back on the reciprocity laws,,

Basically i would love to get this sorted out of court,although due to the possible high return on my £450.00, things might get serious,so my final thought was to (as i read in thread by bankfodder i think) call Greyham Beale of Nationwide as witness!!, from what i read he has already been recorded sticking his foot in it regarding nationwides charges etc and would be highly unlikely to turn up in court so resulting in a jugement in my favour!

I havent a clue if all this is possible or in fact i am correct in my above statements but after a fair bit of hunting around CAGicon looking at various related issues i have an inner niggling feeling that it could be, and what a result it would be if it were!!, all feed back and ideas greatly accepted....jezzy

Similar Threads: