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Barclays Overdraft Protection


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Hi All

 

Looking for some help please.

 

Overdraft protection, does it come under the remit of PPI?

 

I had an account that was closed in 2004. Are PPI claims restricted to 6 year rule?

 

Sorry if this info is else where on the forum, but have searched and found very little about overdraft protection.

 

Trucker

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Hi Trucker,

 

Moving this to the PPI forum for you where I hope you'll get the info you need.

 

:)

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Hello trucker,

 

Hi All

 

Looking for some help please.

 

Overdraft protection, does it come under the remit of PPI?

 

I had an account that was closed in 2004. Are PPI claims restricted to 6 year rule?

 

Sorry if this info is else where on the forum, but have searched and found very little about overdraft protection.

 

Trucker

 

First I have heard of overdraft protection:eek:

 

IMO it will be the same as PPI as it will be an expensive insurance policy to protect if your overdraft gets out of hand.

 

Claims are not restricted to 6 years you can claim back as far as you want and you can claim and complain if you have only recently become aware of the issue of mis-selling. Companies must by law retain any documents for at least six years after the last transaction on an account.

 

I will have a look for overdraft protection to see if I can turn anything up.

 

Have you tried googling it?

 

aa

Edited by alanalana
spelling

I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

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

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

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Hi alanalana

 

Thanks for the reply.

 

Yes i have tried googling it. The is a lot of info about regarding PPI, but very little which specifically relates to overdraft protection. It was my hunch that it was one in the same thing.

 

I am just about to go off to work, but will post up a more detailed version of my story tomorrow.

 

Trucker

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An overdraft occurs when withdrawals from a bank account exceed the available balance which gives the account a negative balance - a person can be said to be "overdrawn".

If there is a prior agreement with the account provider for an overdraft protection plan, and the amount overdrawn is within this authorised overdraft, then interest is normally charged at the agreed rate. If the balance exceeds the agreed terms, then fees may be charged and higher interest rate might apply.

 

Just found the above in here.

 

Overdraft - Wikipedia, the free encyclopedia

 

This link explains more and does in fact lists overdraft protection as PPI.

 

Overdraft protection - Current accounts from Barclays - Barclays Personal Banking

 

You should go ahead and claim if you believe it has been mis-sold, but be sure to start with a Subject Access Request.

 

aa

I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner.

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

Bank charge successes:

Halifax - Full settlement incl interest.

HSBC - Settlement, goodwill no admission of liability about 75% of claim.

RBS - Settlement, goodwill no admission of liability about 70% of claim.

2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did :mad:

PPI Successes

PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.

2 claims settled in full with LV without FOS involvement.

2 claims settled in full with HSBC without FOS involvement

 

PPI Claims ongoing with:

Cap one Now with the FOS

Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.

LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc

 

1 Complaint not upheld by FOS they said it was ICO issue. Complaint upheld by ICO. See this..

Post 290 from

***RBS PPI Claim Long fight but, WON***

 

Please do not PM me for advice as it may be sometime before I can respond.

 

Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.

 

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