Marc Gander - The Consumer Survival Handbook


A 220 page introduction to all things consumer related by our own BankFodder.

Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.

£6.99



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.

£19.99 + £1.50 (P&P)


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  1. #1
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    DDJnrIV Novitiate



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    Default DDJnrIV v RBS

    It's been a while since I was last on but since then I've been able to find my bank statements and intend reclaiming soon.

    At the moment I'm going through calaculating the interest on about £400 worth of charges between 2001 and 2003 when I closed the bank account.

    What I'm hoping someone can confirm is if I can claim the interest at their overdraft rate (approx 30% APR) on the charges since the account was closed in 2003?

    I know that I can for the period the account was open as they charged me at this rate, however since then am I still entiteld to this interest rate?

    Appreciate there's a lot about interest on the forum but I've not seen anything that confirms this one way or another so if anyone can point me in the right direction it would be much appreciated.


  2. #2
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    Default Re: DDJnrIV v RBS

    Can anybody help with this please?


  3. #3
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    Default Re: DDJnrIV v RBS

    That is how it works for all interest calculations. The rate which you intend to claim at is is called the contractual rate of interest. Claiming this is more tricky to do as the bank will fight this type of claim harder. This is a lot trickier to do so I would suggest you have a hunt around the forums for "contractual interest" (run a search). I'm currently reading up on this as I've decided to take on Barclaycard with CI. The thread I'm reading up on this from is here

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  4. #4
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    Default Re: DDJnrIV v RBS

    T4FF thanks for your advice, appreciate the link also.

    As soon as I'm happy with my interest calculations I'll be sending off my initial request and update this thread.

    Again, appreciate your help.

    Cheers



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