cheers for your help.. Ive now filed it at court, but a day later recieved an offer from HSBC for 65% of the amount filed, not sure what way to go, cuz i could really do with the money right now, but don't like letting them get away with it, and co do with the extra grand but don't fancy all the messing around with court, just can't make up my mind! My only concern is that if I take the offer, HSBC will the reduce my overdraft back down to zero which will heavely reduce the actual amount I will have to spend!! Is this likely.? Do they have any right to take my overdraft away?! I know they can close the account, which is vertually the same thing..? What should I do? I haven't recieved the offer from the solicitors yet, just the banks offer.. I guess what I'm asking is.. what the likeliness is of them closing my account?!

cheers michael.. I keep hearing about MCOL, but dont really have the money to pay to file the claim on MCOL, I was just intending to file it with the small claims court... does it make a difference to the claim, or offer, speed, etc? I tried searching but really couldn't find the answer... Many thanks for your assistance

i live in bristol which is where my branch is.. but curruntly staying in coventry.. Can i take my claim to the coventry county court or should i take it to bristol?

LBA now sent

Thanks lateralus... I did follow your step by step guide, probably wouldn't have been able to do it if it wasn't for that! Thankyou! But it just threw me a little, Can you see my point? But it's good to hear it worked for you anyway, I wanted to get this answered before sending it off, so sending it off today. Thanks again, for all your assistance. HSBCMUG

1 thing that is confusing me tho: There is the date that the interest is applied and the date to.. (Interest to 5th may for example). Which Date should I be sticking in the S/s? Because I guess the interest is calculated on amount on the 5th may, rather than the date the interest is applied? So the balance immediatley before the intrest is applied is irrelevant?! Am i right in thinking this? And is this the same for the charge? I've confused myself again!

Hey luci, Yeah thanks, I have actually been getting most of my answers from that thread, very useful indeed! :grin: Many Thanks! And good luck yourself! HSBCMUG

Thanks Pete... Going thru the Complex XLS now..

I am reading the loubi thread and following instructions for interest so please ignore the question regarding interest. And I believe I just give them a revised total in the LBA, after reviewing my figures. But I have another question: Originally I sent a copy of my statements which included charges, but not the calculator... This time i intend to send the xls calculator, but should I also include another photocopy of all the statement again?! Many Thanks HSBCMUG

Hi, Fantastic Site...!!! Thanks to your site I have sent of the Prelim Letter, with copies of my statements, asking for my charges back and the interest which come to a total of somewhere around the £4,000 mark. However, I have just realised, I have not calculated the interest properly, and have just added the Interest amount for that month. I was always in my overdraft, and sometimes over it!, but I now believe HSBC were entitled to charge me some of that interest as part of the contract. I understand I am entitled to some of the interest back, and I have had a look at the xls calculator, but find it quite confusing, so to hurry things along I might just forget the interest and proceed with just the charges (which make up the bulk of the total). ------ Question about the XLS Complex-Spreadsheet: I entered in 27.50 as the first charge, this automatically gave me 13.37 as 8% interest on penalties, this figure is coincidentally the same as the interest calculated on my account for that month, this is what confused me, as I believe I am only entiled to a portion of this. Secondly, what is supposed to be entered in the 'Interest on Penalties' field? This can't be the 13.37 as surely it would have been automatically copied across? This has what has made me think about forgetting the interest, as although the total is not a small amount, it is no where near the importance of the charges! ---------- Anyway, back on track... I have recieved the standard Letter, and the inital 14 days are up, so my question is, do I have to start all over again, or should I just send the LBA letter, with a paragraph explaining that I am now changing my total figure to exclude the interest. Thanks for your help! Regards HSBCMUG