Daft Ada Vs Barclays

[daftada]

Hi all, firstly a huge thanks to all of you who have taken the time to write all the many FAQs, letters spreadsheets and guides on the forums, I certainly wouldn't have been able to get as far as I have without your help!

 

Secondly, a quick query: I've calculated how much Barclays have taken off me and I've drafted the request for reclaimation letter, just need to clarify how much I should put down for my claim. This is the bit I'm referring to:

 

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

I enclose a schedule of the charges which I am claiming with this letter

Do I write down the total of the charges, followed by the calculated 8% interest?

Thanks in advance!

DA

[Michael Browne]

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

 

There are 2 instances of interest you can claim:

 

1.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.

 

The Advanced spreadsheet, in the bank templates library, which attempts to calculate this.

 

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

 

This is the interest referred to in the preliminary and LBA letters.

 

2. Section 69 8% interest on your claim, but only when you submit a claim at court. Don't add this interest before moneyclaim