Schedule of Charges

[Bradden]

Hi

 

My wife and I are currently going down the process with our banks. We have received some statements from Abbey and want to start drawing up a "Schedule of Charges" which I believe we should add to our preliminary request for the refund. I understand we should not add any interest at this stage. Is this correct?

Is there a standard template/spreadsheet we can use for this initial request?

 

Thanks

[Michael Browne]

Use the simple s/s here:

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/182-interest-calculation-spreadsheets.html

 

Fill in charges and datse, save it (for use later at moneyclaim), then delete the last 2 columns (8% bits) and print out.

[Bradden]

Thanks.

 

Am I right in thinking that you should not claim any interest until you get to the moneyclaim stage?

[Michael Browne]

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.

 

Vampiress has a spreadsheet, (the advanced one), 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

[Rooster-UK]

Hi Bradden.

 

Can I also suggest that you have a good read of the FAQs, the step-by-step guide and other information in the library section. These will answer most of your questions. Start your own thread in your bank's forum, and post any questions you have there. The answers will not be far away.

 

This is a self-help forum....you must be prepared to put in a little effort yourself.

It is most important that you UNDERSTAND completely what you are doing at every stage.

You are about to take to court, a major financial institution with virtually unlimited funds and a large legal department.... they don't want to play your games and will resist you at every turn.

 

But if you follow the well-tried and tested procedures on these forums, then you WILL win.

 

Good luck with your claim.