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    • I left Dubai 8 years ago and intended to return. However a job prospect fell through. I’d been there for 15 years. Anyway I decided to pay my credit card and the bank had frozen my account. There is no means to pay the CC so completely unable to pay when I wanted to other than the bank advising me to ask a friend in the UAE to pay it on my behalf!  fast forward bank informs there is a police case against me for non payment. Years later IDR chased me and after months/ years they stopped. Now Judge & Priestley are trying their luck. Now I have received an email in English and Arabic from JP saying the bank has authorised them to collect debts. Is this the same as IDR although I didn’t receive anything like this from them. Just says they are authorised?
    • The neighbour's house is built right on the boundary so the side of their house is effectively the 'wall' in our garden separating the two properties. It's a three storey house and so the mortar poses a potential danger to us. Because of the danger, we have put up an interior fence in our garden to ensure we don't risk mortar dropping on us. That reduces the garden by 25% which is not only an inconvenience, but it's the part of the garden where we had lined up contractors to install a patio and gazebo which we will use for our wedding reception in less than 2 months. We have spoken to the neighbour's caretaker who is on the case, has spoken with a roofer and possibly a scaffolding company, but there are several issues. They don't seem to understand the urgency. As long as there is a risk of falling mortar, we can't carry out any work in the garden, and unless they hurry up, we're looking at cancelling our wedding as it's not viable to book a venue because we can't use our own garden! Also, they want to put the scaffolding up in our garden which would be ok with us if it was a matter of a few days and they hurried up, but there is a tree (most likely protected by the conservation area), so most likely they can only reach part of the roof with the scaffolding if they put it up in our garden. We suggested a roofer with a cherry picker but they seem to want to use a company they've used before. Any and all comments, suggestions, advice is more than welcome.  PS. does it make any difference that the neighbour is a business (ltd) and not a private dwelling?
    • No apology needed, thank you for what you do I am glad to hear they paid. well done on getting back what is yours
    • Apologies all for the late reply and info, i have been away with the Army. They have paid I accepted the offer on the 5th of May, and they paid on the 17th of May.
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How to calculate interest on charges?


purp22
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Cannot find the answer to this - any help welcome.

 

The pro-forma letter refers to charges "plus £XXX which you have charged me in overdraft interest for the sum which you have taken". I was planning on using my statements to calculate the amount of charges rather than sending a DPA letter. Would sending a DPA letter enable me to calculate the interest? How is this calculated? The amount referred to in the letter does not sound like the same thing as the 8% statutory interest, which is only demanded on the claim form.

 

Thanks.

 

PURP22

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There are 3 types of interest that we need to be concerned with:

  • 8% APR - ONLY needed if the case reaches court (and it is on all the money the banks has taken from you, and calculated for each charge from the date applied)
  • Interest charged on your overdraft (which, in all fairness, the bank is entitled to charge)
  • Interest charged on the charges the bank has taken from you (as they should not have taken the charge, they should not charge interest!!!)

However, as most statements lump these last two together as 'Interest Charges' there is almost no way that you will be able to work out what the pro-rata interest charges are.

 

If you can, then clearly only claim for that which you are entitled to. If not, then claim for the lot, and the onus will be on the bank to demonstrate what it is entitled to.

 

The point here is one of honesty - if you have only ever had one penalty charge of £30, but have £100's in interest charges, then clearly most of the interest is a valid charge by the bank, and therefore irrecoverable.

Alecto, Magaera et Tisiphone: Nemesis on Earth is come.

 

All advice and opinions given by Spiceskull are personal, and are not endorsed by Consumer Action Group or Bank Action Group. 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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  • 5 months later...

Hi abcdef,

Regarding your 3rd point on interest on charges - is this right? they can't charge interest on charges? If that's the case, how do i claim this? Have already sent prelim letter and LBA, and shortly going to file claim with county court - but haven't included this interest charge in original letter.

Is it too late now?

 

Appreciate any advice :)

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  • 12 years later...

This topic was closed on 2019-03-08.

If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there.

If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened.

- Consumer Action Group

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