Why let your bank keep your money? Calculating your charges claim

[scorpion53]

hi guys

 

need help regarding bank charges, first how to start, do i have to write any letter to them or just send them spread sheet regarding the charges and asking them 8% interest on them,

 

i was charged from lloyds bank overdraft bank charges and unplanned over draft charges, as there was no money in my account they keep me charging and build up 580 pounds. and which i paid them.

 

help me to get that money back please

 

thanks in advance. just need to know how to start.

 

regards

[caro]

Unfortunately it's not that simple since the Supreme Court found in favour of the banks in November 2009. Govan Law Centre have a couple of cases going, but they could take months, if not years to be decided.

 

Your best bet for now is if you can demonstrate to the bank that you are suffering hardship, and if they don't agree you can go to the FOS. http://www.financial-ombudsman.org.uk/publications/technical_notes/financial-hardship-unaffordable-lending.htm#2

 

Be warned though - it can take a year or more to get an answer and there are no guarantees of success.

 

Read up all you can and start your own thread for advice and support.

 

Good luck.

[millymollymoo]

subbing

[Springboard]

Long gap I know but was the final outcome in the end? I've been occupied with other battles and now having to re-visit.

[caro]

See post 377.

[MrPositive]

Could anyone tell me if there are companies out there who will take all my bank statements (if I can get them from Barclay's) and calculate my unlawful interest and bank charges and then help me reclaim them? I've paid tens of thousands of pounds to Barclay's over the years - at one point my monthly overdraft interest and charges was over £300 PER MONTH!

 

Thanks

[caro]

I'm afraid not at the moment. Since the supreme court ruling no-one has won a bank charges case.

[slick132]

Hi Mr Positive,

 

A word of warning - there may still be companies who will take your statements, saying they can get charges back for you.

 

They may also ask for up-front fees which they promise you'll get back.

 

But you will get no refund of bank charges or the fees paid to the Reclaim Company.

[Poor-Credit Borrower]

I'm afraid not at the moment. Since the supreme court ruling no-one has won a bank charges case.

 

Hi caro, bankfodder and anyone else,

 

Does this mean that Bankfodder's advice of 29th May 2009 (including calculating interest on all charges) is no longer valid for most people, and we are unable to successfully claim bank charges en bloc anymore? The Supreme Court ruling is so unjust (((

 

PCB

[ims21]

Bank charges on current accounts are not now up for grabs.

 

Credit cards and loans are still claimable

 

ims

[car2403]

Bank charges on current accounts are not now up for grabs.

Not on the same basis as the Test Case was heard on, at least - doesn't mean there aren't other ways to challenge fairness, just avoid using UTCCRhttp://www.consumeractiongroup.co.uk/forum/announcement.php?f=24&a=228:thumb:

[car2403]

http://www.consumeractiongroup.co.uk/forum/announcement.php?f=24&a=228

[ims21]

Yes there's BCOBS which could be useful. All date dependant though

[tedney]

http://www.consumeractiongroup.co.uk/forum/announcement.php?f=24&a=228

 

Link does not seem to work? t

[citizenB]

Have a read of the BCOBS articles in my signature, they are highlighted in green and include the link above

[jh35]

Good Morning, Can anyone advise if this can be applied to charges on a secured loan with GE money please

[MSAR]

There is free spreadsheet application called OpenOffice (OpenOffice.org)

 

I have some knowledge of setting up forms. How would I go about creating a form to do the interest calculations?

Presumably, you have a template for each year (month per line), then the top line would have your initial account balance.

You would have your month balance, debits, credits and interest, along with overdraft charges and PPI on each line.

Then there would be an end of month result amount, along with total overdraft charges and PPI.

This would feed into the next line. This would be applied for each year.

[ims21]

There is free spreadsheet application called OpenOffice (OpenOffice.org)

 

I have some knowledge of setting up forms. How would I go about creating a form to do the interest calculations?

Presumably, you have a template for each year (month per line), then the top line would have your initial account balance.

You would have your month balance, debits, credits and interest, along with overdraft charges and PPI on each line.

Then there would be an end of month result amount, along with total overdraft charges and PPI.

This would feed into the next line. This would be applied for each year.

 

Save yourself the trouble

 

You can use these spreadsheets for charges and/or PPI claims

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?330996-Latest-Spreadsheets-PPI-Claims-and-Charges-Claims-Dec-2011(1-Viewing)-nbsp

[lookinforinfo]

I,ve come a bit late to this thread and am trying to read Car2403's link on post 387. It says I am not allowed to access this link. Is this the case or a glitch in the system please?

[slick132]

Hi LFI,

 

I think that was a link to an announcement which has since been taken down. BCOB's is the way forward if you follow the advice in post #390 above.

 

[lookinforinfo]

Thamk you, Slick

[sarazans]

May i know how to calculate the interset & 8% and overpayemnts

 

My Personal loan amount : 1000

PPI :258.56

Monthy payment : 107.56

 

Interest how many % of PPi

8% how many % of PPi

overpayment how many % of PPi

May i know how to calculate the interset & 8% and overpayemnts ?

[ims21]

Hi

 

It looks like you want to calculate a PPI refund.

 

If so have a read of the article at No.1 in my signature below...it will tell you how to calculate the figures and there are spreadsheets at the end to help you.

 

If you need further help, start a new thread in the PPI forum here

 

http://www.consumeractiongroup.co.uk/forum/forumdisplay.php?111-Payment-Protection-Insurance-(PPI)

[sarazans]

I need sample calc for final Settlement(Premium ,Interest ,8%, over payment,Add 8%.) and also attach xls file

[citizenB]

This forum is actually quite sickening at times.

If you borrow money from the bank that it is not yours then you should pay for it.

 

If you can't afford it then don't borrow it. Live within your means and take some responsibility for dealing with your own finances.

 

Whilst you are entitled to your opinion, CAG is not judgmental.

 

Aside from which, why should banks be allowed to profit from their cynical mis selling of products such as Payment Protection Insurance.