Just want to be sure!!

[chrisnorden]

Ready to start court action against Barclays. I'm just a little nervous that the spreadsheet (which now includes 8% statutory interest claim) is error free, as I would hate to fail due to "incompetence" on my part.

Also, should the 8% be applied from the date I raised the claim i.e. 22/8/06 or from the planned court application date - 9/10/06?

 

I've included my spreadsheet. Any help would be gratefully received. Thanks in advance.

 

TYPE YOUR FULL NAME HERE

TYPE YOUR BANK'S NAME HERE

TYPE YOUR SORT CODE HERE

TYPE YOUR ACCOUNT CODE HERE

CLAIM DATE:22-Aug-2006

INTEREST RATE:8.00%Pa

TOTAL CLAIM:1,416.90

DAILY INTEREST RATE£0.31

TOTAL AMOUNTS£1,148.35

£268.55

Charge ReasonCharge AmountCharge DateInterestInterest£6.5922/11/99£3.56Paid Referral£20.0022/12/99£10.67Interest£6.4822/12/99£3.46Interest£5.2624/01/00£2.77Interest£6.4522/02/00£3.35Interest£5.0022/03/00£2.57Interest£5.8822/04/00£2.98Interest£4.0622/05/00£2.03Interest£2.9222/06/00£1.44Interest£6.5424/07/00£3.18Interest£1.6323/11/00£0.75Interest£2.6122/12/00£1.18Interest£1.5322/01/01£0.68Interest£6.6722/02/01£2.93Interest£11.3622/03/01£4.93Interest£7.4322/03/01£3.22Interest£9.0423/04/01£3.86Paid Referral£20.0022/06/01£8.27Interest£11.0822/06/01£4.58Interest£1.8423/07/01£0.75Interest£1.0622/08/01£0.42Interest£2.1224/09/01£0.83Interest£0.6022/10/01£0.23Interest£0.6922/11/01£0.26Paid Referral£20.0029/11/01£7.57Interest£3.3024/12/01£1.23Interest£1.0422/01/02£0.38Paid Referral£20.0023/01/02£7.33Paid Referral£20.0024/01/02£7.32Paid Referral£20.0025/01/02£7.32Unpaids out£25.0028/01/02£9.13Paid Referral£20.0012/02/02£7.24Paid Referral£20.0018/02/02£7.22Interest£5.3822/02/02£1.94Interest£5.4622/03/02£1.93Interest£1.9522/04/02£0.68Paid Referral£20.0026/04/02£6.92Paid Referral£20.0015/05/02£6.84Paid Referral£20.0016/05/02£6.83Interest£2.8622/05/02£0.97Paid Referral£20.0022/05/02£6.81Interest£5.3224/06/02£1.77Interest£2.0622/07/02£0.67Interest£0.9322/08/02£0.30Interest£2.4923/09/02£0.78Interest£2.1122/10/02£0.65Paid Referral£20.0018/11/02£6.02Interest£2.5822/11/02£0.77Interest£3.3523/12/02£0.98Paid Referral£20.0021/01/03£5.74Paid Referral£20.0022/01/03£5.73Interest£0.7922/01/03£0.23Interest£3.0824/02/03£0.86Interest£0.6324/03/03£0.17Paid Referral£20.0011/07/03£4.99Interest£3.4922/07/03£0.86Paid Referral£20.0025/07/03£4.93Interest£7.5922/08/03£1.82Interest£6.2822/09/03£1.47Paid Referral£20.0023/09/03£4.66Paid Referral£20.0024/09/03£4.66Paid Referral£25.0021/10/03£5.68Interest£5.8822/10/03£1.33Paid Referral£25.0014/11/03£5.55Interest£7.5824/11/03£1.66Paid Referral£25.0025/11/03£5.48Paid Referral£25.0026/11/03£5.48Paid Referral£25.0015/12/03£5.38Interest£6.1822/12/03£1.32Interest£6.4222/01/04£1.33Interest£4.9823/02/04£0.99Interest£0.3322/03/04£0.06Interest£0.8022/04/04£0.15Interest£3.4024/05/04£0.61Interest£3.6122/06/04£0.63Paid Referral£25.0025/06/04£4.32Interest£5.1122/07/04£0.85Interest£5.1223/08/04£0.82Paid Referral£25.0025/08/04£3.98Interest£5.6822/09/04£0.87Interest£4.3122/10/04£0.63Interest£4.3322/11/04£0.61Interest£3.7622/12/04£0.50Interest£0.6924/01/05£0.09Interest£2.4022/02/05£0.29Interest£1.2222/03/05£0.14Interest£2.0322/04/05£0.22Paid Referral£25.0011/05/05£2.56Interest£3.9923/05/05£0.40Interest£7.0022/06/05£0.65Paid Referral£25.0023/06/05£2.33Paid Referral£25.0024/06/05£2.32Interest£6.9322/07/05£0.60Interest£4.6922/08/05£0.38Interest£4.2022/09/05£0.31Interest£4.0824/10/05£0.27Interest£3.8822/11/05£0.23Paid Referral£25.0016/12/05£1.36Interest£6.6122/12/05£0.35Interest£4.0823/01/06£0.19Interest£5.2622/02/06£0.21Interest£4.0322/03/06£0.14Interest£5.2424/04/06£0.14Paid Referral£30.0025/04/06£0.78Paid Referral£30.0026/04/06£0.78Interest£6.5722/05/06£0.13Interest£2.3122/06/06£0.03Paid Referral£30.0013/07/06£0.26Paid Referral£30.0017/07/06£0.24Paid Referral£30.0018/07/06£0.23Interest£3.7124/07/06£0.02Interest£4.4122/08/06£0.00

[MickeyB]

Hi There

Just wanted to say good luck. After hearing Martin Lewis on Radio 2 I just had to check out this website. I too find taking on the big boys daunting, yet, encouraging reading the success stories. Barclays have charged me £1200 over the last 2 years, with the help (hopefully) of this board i intend to get it back. This is my first post on this board.

All the best.

MickeyB

[Guest ian cognito]

If you have just entered your figures and dates into the spreadheet and it has worked out your number of days and amount of interest then it is error free! Only human interference in formuae cannot be certified!!

 

Not sure what you mean by the second query? The 8% is applied at the tme you submit your money claim or N1 to the court.

[victimnomore]

For each charge the interest is 8% per annum (=approx 0.022% per day) from the time the charge was applied to your account, right up to the date you get your money back.

 

Since you don't know exactly when you're going to receive the cash, you work it out as follows:

 

First (the spreadsheet does this for you) work out the interest on each charge from the day it was applied up to your claim date, and total them up.

 

Then multiply the total of charges (before interest) by 0.00022 to get the amount of interest to be added each day, and put this amount on your claim form as the daily interest rate.

[victimnomore]

I notice that you seem to have included on your spreadsheet, the (overdraft) interest charges that the bank has applied to your account.

 

Be careful.

 

The bank is pefectly entitled to charge you interest on your overdraft. The only reason for claiming this back would be if the overdraft which gave rise to the interest was itself caused by previous reclaimable charges. You need to be sure of this.

 

You also need to include a note in your "Particulars of claim" such as, "The claimant also claims the return of £XXX.XX levied by the defendant in the way of overdraft interest on overdrafts caused solely by disproportionate penalty charges."

[chrisnorden]

Many thanks for your replies & encouragement.

 

It is true to say that SOME of the interest was because of the overdraft.

 

What do I do for the best (i.e. make sure my action doesn't fail)?

 

Do I remove the interest part, and charge the 8% only on the 'Paid Referral' fees, or do I let it go & take my chances of a reduced offer?

[livelylad]

Many thanks for your replies & encouragement.

 

It is true to say that SOME of the interest was because of the overdraft.

 

What do I do for the best (i.e. make sure my action doesn't fail)?

 

Do I remove the interest part, and charge the 8% only on the 'Paid Referral' fees, or do I let it go & take my chances of a reduced offer?

 

if the overdraft interest is because of charges and is a substantial amount then claim it but if it is not it is probably better to leave it. However it is your choice.

[victimnomore]

Does this help, it's a post I made elsewhere about claiming overdraft interest:-

 

To work it out 100% accurately, you need to know Barclays accounting period dates for the last six years, the history of their overdraft interest rates and their accounting practices together with your account balance history. Chances are, if you're reliant on S.A.R - (Subject Access Request) data as oposed to standard statements, you only have the last of these.

 

However, this may be helpful:

 

Barclays calculate overdraft interest by "accounting periods" each of about 4 weeks, and they charge overdraft interest to your account, depending on how overdrawn you were during the period, about 2 weeks after the end of the period. The period dates are quoted in some of their "helpful" letters (the ones that say "For clarification .. ), and also on standard statements under "About your next statement".

 

First you need a list of the charges you're claiming back, with a running total from oldest to newest.

 

Then compare the amount by which you were overdrawn in each accounting period to that running total at that time.

 

If the running total of charges is greater than your maximum overdraft in any accounting period, then the overdraft interest charged for that period is just as invalid as the unlawful fees - and just as reclaimable!!