FOS or via Courts?

[reclaimone]

Hi everyone.

 

What in your opinion is the best way to claim back money on a business account or credit card.

 

FOS where its free, dont have to go to court but takes longer?

 

or

 

Via courts where it costs money, but probably will be paid quicker?

 

Ive yet to decide which route to take, and would appreciate advice

[Guest louis wu]

It looks like you've already done some research on the subject.

 

I think it comes down to your personal circumstances and feelings on the subject.

 

There are some who wouldn't use the FSA, and chose to go the county court route, wheras others have used the FSA and recomend them.

 

It's a personal choice IMO, pro's and con's on both sides.

 

louis

[tifo]

FOS taking credit card claims but not accepting any current or business account claims, court issuing stays on all claims.

 

If the account has been sold to a DCA, FOS will let bank pay them no matter what you say, with court i don't know but i would think you get paid directly.

 

FOS biased towards banks, expect 4-8 months to get an offer. They're in no hurry to push the banks for a response.

[tomterm8]

Personally, I tend to recommend F.O.S. since it is less hastle. Other mods and site helpers prefer court; it comes down to personal choice.

[reclaimone]

Hi Tifo,

 

Thanks for your advice. where does it say FOS will not accept business claims.

 

I thought you could not put stay on business claims, credit cards?

[tifo]

they only accept credit card claims and anything NOT to do with bank charges.

 

i've had 3 business account complained put on hold by them.

 

have a look here FAQs complaints about bank charges

[reclaimone]

Section 8 is very vague Tifo, say they will look at business accounts, then says may not be possible whilst test case is on!

[reclaimone]

FSA also do say there is a waiver on CC's and business account claims!

[maroondevo52]

Hi, Reclaimone.

 

Have a look at this thread.....

 

http://www.consumeractiongroup.co.uk/forum/lloyds-bank/120601-financial-ombudsman-wont-take.html

 

My Business claim is with FOS, the thread cheered me up.

 

Regards.

 

Scott.

[reclaimone]

Thanks Scott keep me posted on your claim.