Moneyclaim Interest on Interest?

[Leo1]

Hi I am just about to submit my moneyclaim, but I am unsure if I am supposed to claim the 8% interest on the interest the bank charged me for going over?

[Leo1]

at Moneyclaim stage? i'm not that bothered about this, I just want my charges back.

[barracad]

No you don't HAVE to - but you are entitled to so there is no reason not to!

[Leo1]

Ok, is there an easier way of working out the 8% rather than trying to count how many days it's been since the charge was applied (is there a formula?)

[Glenn UK]

look in the template library theres a spreadshhet in there that does it all for you.

 

Oh you have to enter the charges and the dates their were imposed other than that it does it for you.

 

HTH

 

glenn

[SPROUTY]

Leo,

 

my opinion is yes as at very least it will be a negotiating point with the banks solicitors and if the bank fail to issue a defence or just settle youve won.

The worst case is it goes before the court and they disallow the extra 8%.

 

If you think about it they have aquired something belonging (charges + interest)to you and benefitted from the tempory ownership of it so why should they not return it with an extra 8% (for all you know they have been lending that money out at 30% to some unfortunate with an un authorised over draft).

[Glenn UK]

you can only claim the sec 69 interest if it actually goes to court.

 

And yes the interest you paid you claim along with the charges and if it gets to court, sec 69 onthe lot.

 

HTH

 

Glenn

[Leo1]

My moneyclaim to Intelligent Finance was acknowledged on 22 September. Now I have read on here that other people have had full refunds within approx 10 days of submitting their claims with IF/Halifax. I have not even had a partial offer! What's going on? Does it look like my case is likely going to court?

[CJ&theBOS]

uhmmm if they havent done anything within 14 days i thought you could apply for judgement by default immediately!!!! In other words you win straight away.

[Isiris]

Not really. If they have acknowledge on the 22nd September but we do not have the served date, they will have 28 days from the served date, NOT 14 days from the acknowledged date

[CJ&theBOS]

Not really. If they have acknowledge on the 22nd September but we do not have the served date, they will have 28 days from the served date, NOT 14 days from the acknowledged date

 

uhmmm if they havent done anything within 14 days

 

i meant including acknowledging it as looks to be the case with the OP here i.e. they havent done anything at all. So is he not within his rights to apply for a default judgement?

[Leo1]

The issue date was 21 September 2006, so I guess they still have a few more days.

[PhantomReclaimer]

This is my thread on IF.

 

http://www.consumeractiongroup.co.uk/forum/intelligent-finance/30731-phantom-intelligent-finance.html

 

P.

[CJ&theBOS]

whoops sorry i missed that the OP said the bank had acknowledged his claim so still some time yet for them to issue a defence or whatever. (14 +14 days)

[Isiris]

whoops sorry i missed that the OP said the bank had acknowledged his claim so still some time yet for them to issue a defence or whatever. (14 +14 days)

 

Cyber wrist slapping