Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

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  1. #1
    Basic Account Holder mtamu Novitiate mtamu's Avatar

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    Default (((((Barclays Resolve Loan))))) Dilema!!!

    I am in the process of making a claim for a friend, I was just going through the paper work and I came across 'Barclaysicon Resolve Loan'

    To brief - My friend had an overdraft which was later on converted into loan, she signed It as a loan agreement with barclays sometime in 2004: The amount overdrawn at that time was 2000 which they turned in to a loan. She has been making regular payments to clear It an as of now, the balance remaining is about 400

    My Questions are
    • There is/was a phrase in the loan agreement as termed 'Total Charge for credit' = 600: Can this be claimed back if so, how?
    • Can interesticon acrued on this loan be claimed, if so how?
    Many thanks good people

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  2. #2
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    Default Re: (((((Barclays Resolve Loan))))) Dilema!!!

    If it was a legitimate loan, which your friend agreed to, then why would she be able to claim anything back?

    Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice you must always consult a registered and insured lawyer.


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    Basic Account Holder mtamu Novitiate mtamu's Avatar

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    Default Re: (((((Barclays Resolve Loan))))) Dilema!!!

    Quote Originally Posted by barracad View Post
    If it was a legitimate loan, which your friend agreed to, then why would she be able to claim anything back?
    She was forced to convert her overdrafticon into a loan, hence charged a fee of 600. In any case, this was an overdraft gone over the agreed amount, hence Barclaysicon converted it to a loan, then charged her for it

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    Default Re: (((((Barclays Resolve Loan))))) Dilema!!!

    Barclaysicon normally only offer Resolve loans to those in financial difficulties as a fixed term solution at a fixed interesticon rate.

    How exactly was she "forced" to convert the overdraft to a Resolve Loan?

    The "fee" of 600 is NOT a fee as you describe it. It is the "Charge for credit" - ie the interest etc for the period of the loan. Hence, as I described in my first paragraph, a fixed period/rate.

    Interest acruing on the loan is what she signed up to in the loan agreement.

    With respect, of course, like anyone else, your friend is entitled to claim back her unfair/unlawful charges on her bank accounts. However, it's NOT fair to assume that EVERY charge (ie interest etc on a loan) is unfair/unlawful.

    You may not agree, but it would appear you are suggesting that Barclays should have given her an interest free loan!!

    I don't mean to sound unhelpful, but I really can't see what you are getting at. Perhaps you could start off by explaining how Barclays "forced" your friend to take the loan....


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