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Guest NATTIE

A little advice on charges guide

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You're right it is a huge difference when claiming contractual/compound interest, but extreme caution should be urged if planning to do this, as there doesn't appear to be any legal basis for doing it. Please research thoroughly if planning to go down this route to ensure you understands the disadvantages, as well as the more alluring advantages.

 

For those who feel it is an absolute must, I suggest you make sure that the claim is under £5,000 including the interest. That way, if the worst happens and the case is struck out, they won't leave themselves exposed to paying costs, as well as losing their claim, as it's in the small claims court.

 

This issue is discussed at length on many other threads, so please look for those, or start a new thread in the appropriate forum rather than debate it here on the charges guide thread. I just wanted to make the point as it's raised in the above post.

 

Thank you very much for the information by the way.:)


 

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The Consumer Action Group is a free help site.

Should you be offered help that requires payment please report it to site team.

 

Alliance & Leicester Moneyclaim issued 20/1/07 £225.50 full settlement received 29 January 2007

Smile £1,075.50 + interest Email request for payment 24/5/06 received £1,000.50 14/7/06 + £20 30/7/06

Yorkshire Bank Moneyclaim issued 21/6/06 £4,489.39 full settlement received 26 January 2007

:p

 

Advice & opinions given by Caro are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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I don't know if this is just me, but I've been going through my statements and in 2004 up to about September instead of "Unathorised overdraft charge" the charges were incorporate into the "Monthly Overdraft Charge" which went from £5 to £25. On checking the statements its clear thats an unath'd od charge, so I thought I'd point it out for anyone else, as it's easy to miss!

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Can I claim the OD charge and the unauthorised OD charge from the A&L???

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I would also like to know if this charge can be claimed or if it is a fee for having an overdraft. If anyone can answer it would be much appreciated. Thanks.

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Can I claim back the MONTHLY OD CHARGE ?? or is this a fee for having am overdraft.

 

Thanks

 

sware

I would also like to know if this charge can be claimed or if it is a fee for having an overdraft. If anyone can answer it would be much appreciated. Thanks.

 

That is a 'fee' and can't be claimed back.

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I'm currently being charged £5 a day for going overdrawn on an account with no agreed overdraft. I've asked how long they are prepared to keep doing this and theoretically it could go on forever. Therefore this time next year I could owe them £1825 and all for going £12 overdrawn.

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