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About ken100464

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  1. SR Just post it up without anything identifying you and anyone on this thread will be able to tell you if they have changed the method or if you are in the long line with us
  2. Survin Miaspa 2010 has it. Your adjudicator is not up to it. Keep its simple keep it to the facts. These spreadsheets are PS10/12 minus the charges. if you can knock the enablers (M & F's) on the head the associated interest [problem] falls away. And if you have the statements use them. Perhaps anyone else who is with an adjudicator should be asking why MBNA is the only bank giving transaction logs out instead of statements. Could it be that the mins would be obvious even to a FOS adjudicator. Because they would be on the statements and may not actually correspond to what MBNA a
  3. Miaspa Totally agree. No justification at all. What do FOS not get. Its all made up but the sad thing its made up to allow the bank to cut redress.
  4. Well GS the fulls are where the damage is done behind the scenes. But if you had a balance how an earth can MBNA declare a Full payment. All adds to MBNA doing as they please. Hope your reading FOS. Cant you see?
  5. Survin You want to ask your adjudicator what is that surplus interest? Where is surplus redress in the example in the FCA handbook? We know what it is. Am sure your adjudicator wont. And seeing as these redress offers are supposed to be clear to everyone then why isnt MBNA being particularly clear hear. Oh its because they cannot say this is the amount removed from your notional balance which subsequently leaves a certain amount of associated interest in your balance which then compounds at the card rate.They could never say what it really is because its there to reduce the redr
  6. WID As AC says we can check that they have followed PS10/12 app2 exp6. That will not be a problem. It is now for FOS and FCA to come up with a reason why one bank should be allowed to cut redress substantially across the board because that bank is using an alternative method to what the regulator wanted them to. We can prove the enablers are wrong. But because they are hung up on the enablers the powers that be cannot get their head around the trickery that is stopping associated interest still within the account from being fairly part of the redress. They are allowing the bank not
  7. Missing the fact that in real life the account would have been having associated interest at the card rate being applied. Therefore associated interest would be higher. This sum remains within the calculation to MBNA's benifit. Doesnt matter if they are messing about with minimums etc (which I am sure we can all prove MBNA have been making these up aswell) this interest remains within the balance and therefore compounds over time. FOS is getting hooked by the enabling mechanism and missing the magicians trick just as the bank wanted them too. Therefore the consumer has not been put back i
  8. Sadly FOS are showing themselves up to be totally incompetent. As everyone is now starting to say this is becoming a very newsworthy story. After spoon feeding both the regulator and the ombudsman they just do not understand what the bank is doing. Basically short changing everyone who had the misfortune to be miss sold something the the regulator has said should be paid back. This bank has form. It was caught doing something similar a couple of years before. There appears to be evidence on here. We are only applying what both the regulator and the ombudsman is publicly stating
  9. If we keep at them with the proveable eventually someone somewhere is going to twig this is just fantasy land redress calculations. FCA and FOS doing themselves no favours at all. Scandal on a scandal. They been told whats wrong but are leaving individuals to fight alone.
  10. Answer is easy. We have proof of full's that are not full's and minimum's that are not minimum's. We know what the shuffle does and we know what the full and minimum's are hiding. To the uninitiated the calculation looks exactly like it should do. Reasonable. And as you are reading this thread FCA/FOS you are very trusting of a bank that is using figures that we have proof did not happen. Not investigating WHY a bank is using such an unusual method of calculation for normal claims is appalling. Being told it is reducing claims by at least a third across the board and you have not looked a
  11. AC & AMN Well said both of you. Both organisations had the chance and the time. Disappointing they did not take it. This has not ended. A scandal upon a scandal while the Regulator and Ombudsman looked on. That is a good press story. Martin Wheatley knew about this as we wrote to him.
  12. Keep the faith. Remember the F & M's are just the enablers (the actual things we can all prove didnt happen on the paperwork we all have) to allow the maths to swipe the fair redress. If FOS have taken 6 months to not understand the problem then so let then be seen to be not fit for purpose that they really are. They have not understood the maths behind the veneer of what the bank says is acceptable calculating. Schoolboy maths. The PPI is within the account. By not taking it out as they are supposed to do with this creative accounting they are not placing the consumer back
  13. WID I am not party to FOS or FCA thinking. I tend to agree with AC that this is over 6 months and what we are cribbing about is simple maths which we have pointed them to. Its either wrong and MBNA should be getting a battering for what they have done or we are wrong and FOS should be politely telling us we have got it all wrong and this is why. This limbo doesnt do the regulator or the poodle much good.
  14. Hi GS I knew we would be still messaging on here 2 years after the thread started. Is this a reply as in a holding minion reply or is it a high born reply with all the bells and whistles? My personnal experience of FOS is they try and get you to accept the least they possibly can away with. Hence why everyone is seeing them in such low esteem. They dont seem to fully understand the complaints and this one will be no exception. What have they said you can do? I cant remember if you have pushed this to an Ombudsman yet.
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