Confussed

[hunters]

Hey Guys am new to this and have been looking through the information for a few weeks now and have finally got the courage to stand up to the RBOS and claim my charges back. However I just want to make sure I am doing it the right way and wonder if anyone could help me???? First of all I have about £1300 worth of charges alone so do I need to break this down into 2 claims so that each one is under £750 as I am claiming in Scotland? Secondly can I only claim for charges or do I need to claim interest on these charges as well? and thirdly if I need to claim interest do I claim my current contractual interest or the 8%? Am sure this is all basic stuff but i'd just like to be 100% sure before I send anything off to the bank.

Thanks

[weej]

Welcome to "the club".

 

Firstly, you can go for the whole lot at once under "summary cause" procedure - that limit is at £1500 and the forms/ procedure is almost identical. The main difference is that should the bank defend at court and win, then you may be liable for their legal costs. That said, no-one has had to go that far so the risk is minimal.

 

Secondly, only claim for charges up to LBA stage. It is once you file a court claim that you include interest and court fees etc. This is usually 8% although some people are trying for contractual rate (approx 29%). This is a bit more difficult to quantify and prove - but a couple of people have been successful.

 

Hope this helps.

 

J

[hunters]

Thanks for your reply J it was a great help and cleared everything up for me. Gonna get my letter and spreadsheet ready today and post. Fingers crossed eh.

Thanks again

S