overdraft in arrears.

[register]

I have an overdrAft with halifox which is in arrears.

 

Previously I sent a sar request and received a quite comprehensive sar.

 

It contained the previous 3 years statements, and screen info of the previous 3 years transactions. These seem to be the statements in 'raw' form.

 

I have crawled through the statements and found all the charges applied over the years. Unauthorised overdraft charges I think.

 

The account shows on my credit file as defaulted with arrears greater than the closing balance.

 

I have previously received letters from moorcroft about this account.

 

Now I receive only a yearly statement from halifox.

 

Can I reclaim the charges back to reduce the balance?

 

Thanks for looking and please help. I will never be able to pay this as it is. It's for over £3000 now.

[dx100uk]

you could try a BCOBS complaint if these are since nov 2009

 

 

click the link and read the RBS blue link

 

 

are you on benefits too?

 

 

dx

[register]

Not on benefits no. The account is defaulted but with halifox. I had heard of . People reclaiming charges. Bcobs complaint is the only avenue then I will leave it. I do not want to acknowledge it for SB purposes.

[dx100uk]

the reclaim will come off the balance anyway

 

 

might be an idea to do the sheet mind

to give you a figure of what its worth.

 

 

This second spreadsheet is a compound interest calculator and can be used both for PPI claims and Charges Reclaims on Revolving Credit Accounts such as credit cards. Compound interest is not an award that fos will give in respect of PPI claims but it can be used in PPI cases that are pursued through the courts. It is the standard sheet that is also used for charges reclaims both on credit cards and loan accounts where interest in restitution is claimed.

 

CISheet v101.xls

 

 

put their OD int rate in cell D15

 

 

dx

[register]

Ok thanks I will do this then post back.

[register]

charges inputted to spreadsheet.

 

 

What route could i take next?

 

 

as i say nobody is chasi9ng me for this now. previously moorcraft were. I get a yearly statement now.

 

But it will have to be faced eventually.

[dx100uk]

so the OD int rate was 8% APR?

 

 

dx

[register]

Must be a mistake I'll check the sar to see.

[register]

Ok I have looked through the sar again and I can find no reference to the overdraft interest rate. Does anybody know what they typically charge for a current account overdraft?

[AndyOrch]

22 October 2009

 

" Halifax says the aim is to simplify its overdraft charging structure. Those in the red currently pay between 19.5% for an arranged overdraft, rising to 28.8% for an unarranged unauthorised overdraft.

 

There is a monthly unauthorised overdraft fee of £28, with a £35 charge each time a customer spends over their limit.

The new charges are £1 a day for each day in an arranged overdraft up to £2,500, £2 a day for arranged amounts over this and £5 a day for unarranged overdrafts."

 

 

[register]

Thank you.

 

So next I will send a complaint with relation to bcobs, stating that I intend to claim via small claims court for the charges plus interest? Is this what people would advise?

[dx100uk]

bcobs first

 

 

click the link and read the blue bcobs links at least.

 

 

of course theres nowt to stop you going straight to court mind.

[register]

glad to see you are all still here and helping people.

 

latest on this is it has been formally moved to lowel.

 

i got a letter recently which had a halifax letter and a lowel letter in the same envelope stating this.

 

i have done nothing with this, i just file the yearly statements i got on this from halifax.

 

i have the SAR still and have listed all the charges fro overdraft, which total approx £1000.

 

Will i just wait and see if lowel do next?

 

a few of my defaulted accounts are now with lowel. probobly worth about £4000 total now.

 

thanks.