Halifax Credit Card

[indebt00]

I have a halifax credit card and ive had it for nearly two years, the interest that gets added on at the end of each month is HIGH!!!! can i get reclaiming charges????

[maroondevo52]

Don't see why not I take it your talking about overlimit fees ect.

[citizenB]

If you have had charges added, then yes you can reclaim them.

 

Was the interest high when you took out the card, or has it increased in the 2 years you have been using it ?

[indebt00]

the interest was high when i took out the card, and ive been over the limit a few times but got back in limit ive paid over the limit charges and late charges etc

[citizenB]

The reality of life is that the more you use the card, the higher the interest will be as it is calculated on the spend. However if you have charges, then you can claim them back with the interest applied to those charges only.

 

HTH

[indebt00]

ok thankyou x

[indebt00]

is there a template letter about, on how to reclaim charges (late fees etc) x thankyou

[ims21]

is there a template letter about, on how to reclaim charges (late fees etc) x thankyou

 

You need to do some reading to become familiar with the process. You'll need to prepare a schedule of claim using a spreadsheet. I've attached one for your use.

 

In order to complete the sheet you will need all of your statements. If you don't have them you will need to send a Subject Access Request (SAR) to your lender and there is a template SAR in the CAG library, the link to which is at the top of every CAG page in green. There is a statutory fee of £10 for this and they will have 40 days to comply. Amongst other things, you should get back a complete transaction history/copy statements. You'll need to go through these and identify all the charges and enter them on the spreadsheet.

 

You will need to change the APR on the sheet to at least the rate they were charging you but I would also recommend you have a read up about interest in restitution here.....

 

http://www.consumerwiki.co.uk/index.php/Interest_Tutorial

 

Amend the personal details in the blue section and then in the white list section underneath the coloured bits, list the charges giving the date of charge, the description and the amount. All other clacs are done for you. Please note that the spreadsheet is protected in areas that you don't need to change so if you get a waring message it means you are trying to enter or change data in a protected cell.

 

When you are happy with your claim, you send a preliminary letter to your lender requesting refund. Give them 14 days. If they don't cough up, you then send a 14 day Letter Before Action and if they still don't pay then you will need to issue in court.

 

Templates for letters are all in the CAG library but do amend them to reflect your own style of writing.

 

Regards

 

ims

 

CISheet.xls

[indebt00]

ok, thankyou i will start with the SAR x

[indebt00]

By the way what is the best address to send the sar?

[ims21]

Hi

 

As a SAR is issued under the Data Protection Act it is deemed to be a legal document so you can send it to the registered office with a paragraph in it to the effect that as it has been sent to the registered office, they must pass it on to the relevant department for compliance within the 40 days.

 

Regards

 

ims

[bob226]

Sorry

But this thread made me laugh.

So I'll confirm this. So you've used the Card that you been accepted for, agreed to the Terms of the card by signing the agreement two years ago, been over limit which in all fairness is not the banks fault and now you want to reclaim back the charges?

It's a bit like going into Currys and saying I want this TV but don't want to pay for it. A Bank is still a business wherever we like it or not, and these are legitimate charges, where APR is variable and being in arrears on your account will see relevant charges applied. Sorry

[dx100uk]

sorry must disagree

 

the charges are not proportionate to the ACTUAL costs incurred

they are a naughty boy penalty, and as such are not lawful.

 

dx

[bob226]

Ok. When people apply for a credit card and when they are lucky to be successful and are accepted they are happy to sign and agree to the conditions of the account and what will happen if the account is anyway late or over limit.. It clearly displays on terms and conditions that if you are over limit. charges/intrest etc this is what will happen. For an example... Late Fee- £ 12. It doesn't say £1 per £1 over limit etc.

 

They are the charges and other subjects that are part of the account, it's frustrating that people are happy to accept these terms when they want to, but then when these charges are applied no matter how much is charged or over limit occurred people are then disputing. I'm not being rude, but at the end of the day you were happy ro accept these conditions. It's simple as that why complicate life?

[dx100uk]

me thinks you need to do a bit of reading of the oft guidelines

 

but it is sat night

 

so we'll excuse you........hic

 

dx

[bob226]

me thinks you need to do a bit of reading of the oft guidelines

 

but it is sat night

 

so we'll excuse you........hic

 

dx

 

Ok yeah thanks for that. You ate aware OFT and Consumer Credit Directive has only recently changed? Things ate more clearly explained like Charging Orders taken funds from accounts held with that bank etc and relevant charges have been passed through this new comsumer policy. I'm not here at Midnight to teach that I'm simply replying to a question on this thread if no one likes it simply tough but if if can give more clarity to the OP then great

[dx100uk]

clarity or back of cornflake packet confusion.

 

i dont fancy your head in the morning........

 

dx

[Conniff]

I'll agree with you in principle bob because I am nice like that.

 

Yes banks are in business to make money, but they aren't like any other business. They don't go to the cash and carry and buy stock, they have nothing and use the money that your employer insists on depositing into the bank every month instead of giving to you in your hand. They are making their profits with other peoples property and then charging you and me for doing so.

 

There is only one other highly profitable business that works on the same principle as a bank and that is Council Recyling. They get their stock for nothing and sell it on for a profit and charge you council tax for the pleasure of doing so.