sharpcircle v HSBC

[zedcee]

Hi,

 

just out of interest, why didnt you include the interest in your letter before action? I have in mine, but havent sent it yet (I'll do it recorded delivery tomorrow)I think i'm in the same situation as you. I sent my prelim letter about a week ago and got an identical letter to yours from HSBC on Wednesday.

 

zoe

[barracad]

8% interest should only be added when you start a court claim.

[zedcee]

hi,

 

Maverick told me to send the letter before action (the template letter on the site mentions interest). I have already sent the preliminary request.

 

sorry if i'm being stupid - zoe

[barracad]

You send prelim then LBA but don't add on the 8% interest until you start a court claim.

[zedcee]

So do i ignoer the interest bit of the letter - below

 

 

----------------------

 

I calculate that you have taken £XXXXX plus £XXX which you have charged me in overdraft interest for the sum which you have taken. Total £XXXXX.

 

-----------------------

 

or is this something different. sorry to keep asking - I just dont want to make a mistake at this stage

 

zoe

[sharpcircle]

I took that bit out, I just put the charges bit in there.

[zedcee]

so you wrote ... "I calculate that you have taken £XXXXX" and left it at that?

[sharpcircle]

Yep. I followed it with I enclose a statement of these charges.

[zedcee]

Thanks - and good luck

[sharpcircle]

Thanks - and good luck

 

You too

[maconights]

So do i ignoer the interest bit of the letter - below

 

 

----------------------

 

I calculate that you have taken £XXXXX plus £XXX which you have charged me in overdraft interest for the sum which you have taken. Total £XXXXX.

 

-----------------------

 

or is this something different. sorry to keep asking - I just dont want to make a mistake at this stage

 

zoe

 

 

Hi,

i just changed mine to

 

"i calculate that you have taken£XXXXX NOT including any interest you have charged me for the sum that you have taken."

 

Goodluck:)

Mac

[sharpcircle]

My credit rating isn't great (although it can't be that bad as I got a mortgage off lloyds in august) which bank would take me if hsbc close my account? I only want a solo card and such but don't know who to apply with, reason I havent applied with lloyds is they don't do solo.

[Michael Browne]

Look here for details and requirements of parachute a/c

 

http://www.consumeractiongroup.co.uk/forum/general/13832-do-you-need-parachute.html

[sharpcircle]

didn't see that - thanks mate

[Essayeffsee]

Sharp - seems like we are at exactly the same stage and sent our initial letters off at exactly the same time.

 

I sent my to Alan Pretty in Leeds.

 

Good to keep in touch and work out where eachother is etc...

 

Good luck

[sharpcircle]

excellent mate, sounds good. I sent mine to Leeds also although I just addressed it to HSBC rather than a specific person.

 

good luck

[voqu]

from waht i have read the interest qouted in the letter is waht the bank has charged you for going overdrawn

[Michael Browne]

from waht i have read the interest qouted in the letter is waht the bank has charged you for going overdrawn

 

No, this refers to just the interest that they have charged you on the penalties which form part of your overdraft

 

When you go overdrawn the bank will charge you interest, perfectly lawfully.

 

However if part of your overdraft is made up of penalty fees, they are also charging you interest on these too and it is this interest which you are entitled to claim back, but it's tricky to separate out from the total interest figure.

 

Vampiress has a spreadsheet, (the 2nd one), in the bank templates library, which attempts to calculate this

 

It's quite complex and unless your claim is large often doesn't amount to that much, so for simplicity's sake, some people don't bother

[voqu]

ok i understand now. Sorry about the spelling before

[sharpcircle]

Well, I'm sending my LBA recorded delivery tomorrow - won't be long now

[barracad]

Don't bother with Recorded Delivery - a First Class stamp will be fine.

[sharpcircle]

Ok will do, out of interest, when i come to claim through moneyclaim, how much is it? I see that you have to pay via a credit card but it doesn't say how much it is.

[Michael Browne]

Beween £30 - £120 depending on the size of your claim. (£1000.01-£5000 is £120 )

+ £100 allocation fee on claims over £1500

[sharpcircle]

crap!!! didn't realise it would cost that much, 220 smackers

[Essayeffsee]

Good Luck - just sent mine off.