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- Consumer Action Group

Thanks for your help as well texel

thanks very much for this Pict, I will eagerly await their response.

Regards

Rossiboy

can anyone help?

All,

I have a couple of questions for you. I have my return date on the 18th of April and my prelim date on 25th April. I have taken my case out in Scotland if this helps and I am wondering what happens under these scenarios -

1. I have raised a small claim for the money but my full amount is more than 5 times that. In your experience will the banks offer to pay back the full amount or just the £750?

and

2. The charges and the interest I am reclaiming from the bank, can they only be 5 years from the date of the hearing or do I go with my original claim for the amount which I submitted back in October?

Thanks for taking the time to read this

thanks for the advice people, I will use it and wait to see what happens.

Having received my statements through the post and duly calculated how much I was claiming back from the bank, I handed in my request letter yesterday only to realise that I have asked for 6 years worth of money as opposed to 5 years. Should I now ask them to cancel this letter and submit one for 5 years worth of charges or wait to hear back from them and see what they say?

P.S I live in Scotland

Suggestions welcomed.

They are no odds. Some do, some don't, even within the same bank. It's a totally random process.

 

Look at it this way: If you start contesting, as long as the amount is in dispute, they shouldn't be able to close you down. If they demand the money back, treat them as you would any other creditor, and say you'll repay them xxx (affordable amount) per month until debt is paid off. Insist they freeze interest while this is ongoing. Don't forget they have a duty to try not to take you to court, so if you make an offer of repayment, you are fulfilling your obligation of reasonableness.

Of course, once you get your charges back, you can then pay them off.

 

Alternatively, if the charges are more or less equal to the o/d, you could try to negotiate one against the other, they get rid of the o/d, you go elsewhere.

 

Open a parachute account now, before they mess your credit rating, though, just in case they do that.

thanks for this mate. Do you know though if they can put a black mark against my name for contesting with them?

If you take action against them to reclaim your money? I while being a student must have lost £40-£80 per month in fees and am considering claiming them back. The only thing is that I have a £1k overdraft which I am in no position to pay back - unless I get the money I am due from them.

What's the odds on them countering my claim by closing the account and asking me to repay my o/d within a certain period of time?

In addition to this question, does taking action against them give me any kind of black mark against my name?