Not sure if this helps much DM, but I went through the bank charges reclaim process for my current a/c, a closed business a/c & a number of credit cards, and they all paid out + interest. That was over a period of 6 months I suppose, but that allowed a huge chunk of my debt to be repaid, and all of a sudden life was easier. Good luck to you !

Already won my claims vs NW for bank charges, cc's & settled on a ERC, so here goes the latest round. Initial request for refund going back to 1993 sent to Stuart Higley on 19/5, responded today saying that "we will be in a position to respond within 6-7 weeks" !! Charges equate to £599, but this time I'm going for compound interest @17.5% on the basis of reciprocity. That means the interest amounts to £3751 and counting. All advice welcome !

Hi Matheos, this is great reading! I've just found some old statements totalling a few hundred, dating back to '95, and am considering going for compound interest aswell. What do you think ? So far NW have coughed up for my current a/c, business a/c, cc's, & even a settlement on mortgage redemption fee, so about time they paid some of the old stuff aswell. How did you start ? Was it a standard initial & then LBA approach or did you mention the statute of limitations when you wrote ? Cheers, Shelty.

Hi all, mine was a partnership, not a ltd company.....but surely the principal's the same ?

Hi Andrew, we had a small business, which we sold 4 years ago. We paid everyone, including the small business loan back, so the only people that lost out were us! In the same way as my personal a/c's got there refunds of charges, NW made offers during the course of the process, and during one of my "thanks but no thanks" letters I highlighted that it was a closed ac I was claiming for and any refund should be payable to me & not the business a/c, and suggested that NW might like to check their records to clarify that this was a closed a/c!! (I also sent a copy of that letter to the court for their records). So, when the wrong cheque arrived, I sent it straight back & they didn't argue, in fact the interest kept mounting for another 10 days until the correct cheque arrived. There's nothing to different in the whole process from personal to c/a's, apart from POC when you get to MCOL as it's not consumer law, but I would suggest that if any settlement is to be made out to a different name than the business a/c was, then you should tell them in advance. Good luck !

Last week they made an offer of everything except the o/d interest on the grounds that "there is no legal basis of your claim for this", however, they did not offer to repay the AQ fee, so I've written back saying if they agree to add the extra £100 on to cover this cost, then we have a deal. No response this week.

cheque recieved & banked all ok .....Another Shelty Win !!

I suggest you send them a letter back (yopu'll find one in the templates library) detailing the value of the charges, your court costs & the interest thus far, & telling them you'll accept their offer as part settlement. While they continue not to pay up in full, your interest increases, so keep going with it. No need to tell the court, just keep copies of everything you've sent to them, just in case.

claim was for £3.5k. I would have liked to have gone through the process (obviously!!) but in light of all the current advice, I thought I'd take whatever I could. Still....that paid for the dinner with friends last night!!!!

MCOL issued .....claim ref 7QZ23707

court date 21/3/07, with one hour allowed for small claim hearing. Should I submit my bundle, or should I expect them to pay up now a date is set ?

£150 agreed to settle the claim

Hi Skint, Haven't got a clue on the £4's I'm afraid, I just went through the statements with a highlighter & marked all charges for bounced dd's etc.

Hi Innocent & thanks for the Congrtats ! As for Cobblers....no idea if they're understanding yet, but the if they delay too long in the replacement cheque I'm sure the Court would love to know about it !! As for your question, I suggest that you put in writing to them, well in advance, that any payout is to be made payable to you and not to the company as it's a closed a/c etc etc. Tell them to cheque (excuse the pun !!!) their records on recent transactions etc as proof that it's a closed a/c. I did that & they ignored it, but if you don't tell them in advance and then have to go back to them you've got nothing to cover yourself with at a later date when they (potentially) ignore the info'. Good luck !

My offer letter has been passed to their Business Unit for consideration, with a response in due course. Then they admit that their "costs will be substantially less than stated in the AQ which are based on the possibility that the case would be allocated to Fast Track and may proceed to full trial". Surely whatever they do to defend the case will involve the same amount of work ?! So why are the costs going to be "substantially less" ?