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Barclays Overdraft Fees - Reclaim help required


happycaravan
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the interesting [sic] thing here is the interest ….

 

whilst in an OD state, the account and everything in it attracted interest at their std OD rate..

however, and this is where slick's expert knowledge plays its part..i'm unsure if the 24.9% or the avg OD rate should apply.

 

I 'believe' we've seen Barclays cough 24.9% for this on an OD, but, since the change of forum software many of my notes and links goto oblivion now … and i'm doubting this is correct...

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Ah really? i thought i'd read on one thread a rate of 29% or something along those lines but i have seen a lot of threads so could be wrong on that! I'd appreciate your help Slick when you have a second, no rush as it's late and i wont be sorting anything this evening.

Thank you as always dx :-)

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Looking back at posts #13 and 14, this is a current bank a/c so why would penalty fees be reclaimed.

 

I get the PAF and the PPI elements but have I missed something  as I thought penalty fees stopped being reclaimed years back.

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My fault Slick I thought it was worth a shot,  do we just forget about the bank charges then and focus on the other two? so do we have the correct interest rates on the overdraft ppi? I have completed a compound interest spreadsheet with 24.9% interest and the PAF  I have completed the spreadsheet with the 8% simple interest. Hopefully that makes sense - sorry again for the confusion :-(

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We could do with some help from you.

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Hi HC,

 

Look at the 2 Word Doc'ts posted above by Andy. Let us know how YF's case compares to the case highlighted in 2014.

 

Did YF fall into a cycle of penalty charges after a single or a few small transgression and suffer disproportionate and/or spiralling charges as a result .......

 

........... or were there regular transgressions where the a/c went into o/draft with card and/or cheque payments.

 

The case highlighted by Andy is (to my knowledge) a County Court judgement so it set no Precedent for other similar cases. However, it does suggest there is a degree of hope for cases where the customer has suffered unreasonably or unfairly by the bank's treatment.

We could do with some help from you

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EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

                                            Have we helped you ...?  Please Donate button to the Consumer Action Group

 

Please give something if you can. We all give our time free of charge but the site has bills to pay.

 

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  • 3 weeks later...

Hi Slick, 

First of all i'm sorry i haven't had chance to respond before today, i'm not in the best of health myself at the moment and I had to wait for my friend to return from her holiday in order to go through some finer details.

 

In answer to your questions above, and after going over the bank statements again the bank charges are due to the odd occasion when she's gone over her agreed overdraft limit as a result of card payments etc, sometimes there would be 2 or 3 charges at one time. There are a total of 39 charges between the period of 23/08/2000 and 19/01/2012. 

 

If i need to forget about this one then fair enough

- i just thought it worth a shot really but i'd rather focus on the other two as times running short and i really want to get some results on those for her.

 

Could you have a look at my question on post #29 re the interest on the spreadsheets?

once i know i have the correct rates i can get them sent off.

. I really cant thank you all enough.

From both of us xx

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On ‎10‎/‎04‎/‎2019 at 13:03, happycaravan said:

My fault Slick I thought it was worth a shot,  do we just forget about the bank charges then and focus on the other two? so do we have the correct interest rates on the overdraft ppi? I have completed a compound interest spreadsheet with 24.9% interest and the PAF  I have completed the spreadsheet with the 8% simple interest. Hopefully that makes sense - sorry again for the confusion :-(

those are correct

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi again Dx100uk

 

I have a question(s) if thats ok? 

Do i need to 'rename' the spreadsheets before printing off? i.e. I have one called Compound Interest - is it best to rename that PPI redress calculation? and the other Packaged Account Fee Reclaim perhaps? 

 

Also as the PPI we are reclaiming is relating the the bank account would it be template letter number 1 to use and adapt? 

 

Thank you

 

 

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yes ofcourse

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Thank you :-) 

 

I am just tying everything up now and was looking for a letter template for the bank account PPI, I was browsing the Barclays threads and noticed one previous thread had used the Simple interest spreadsheet as opposed to the Compound Interest spreadsheet for their PPI  so i just wanted to double check i had input the information correctly. Aside from how long long it's taken i don't want to get it wrong and give Barclays any reason to wriggle out of it, but given the total amount of the claim i suspect they might - this is a biggie! 

 

 

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depends if there is any interest being charged by the OC, if not then you use the statint sheet...

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • 2 weeks later...

Hi dx100uk

ok I’ve checked through the statements again and there is interest on there, it just says ‘interest charged’ and then the amounts differ each month. Would that be the overdraft interest? 

 

Thank you x

 

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yes and now you need to find the rate or the avg rate for all the years and use the CISHEET and pop that in cell d15.

 

there are several Barclays reclaim topics here

typically I think we use 24.9%

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Yes I’ve used the 24.9% as you advised previously thank you :) 

 

I’ve just noticed that there doesn’t seem to be any interest once the charges switch to ‘overdraft ppi’ around 2013.

 

I’m wondering if this is because it was maybe included in the monthly fee?

Perhaps more googling is required 😔.... 

 

Given the interest charged however am I correct in using the CI Sheet Dx?

And once I establish the answer regarding the interest inclusion Re the monthly fee I assume we don’t add interest on our spreadsheet from the date they stop charging? 

Thank you again x

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you end the cisheet on date they stopped their int [claim to date]

you then enter that figure as a whole into the statint sheet the day after [claimfrom]

leave claim to date alone

it auto increments daily till they settle.

 

you are entitled to 8% statint on any sum ..in addition to their int to that point ....as you've been deprived of investing the sum

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

Thank you for replying dx100uk. 

I was trying to get my head around your response.

 

I have tried to keep the 2 claims separate i.e the packaged account fees claim and the overdraft PPI claim but im not sure if thats possible (unless im over thinking)

 

because from June 2014 the interest was scrapped and then replaced with a daily charge if the OD was used.

If I end the CI sheet as you say above i am left with approx 5 years of PPI charges still (between 2014 to present date) to record, where would i put those?

 

I seem to be getting muddled and i apologise in advance as im not very good with spreadsheets as is.

its taken me this long to get this far.

Please bear with me :-( 

I'm so grateful for your support

- we both are.

x

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the PAF is all on a sep statint sheet .

you can only claim statint on paf's  not at their int rate sadly according to the fca/fos.

 

as for the post 2014 ppi [after their int ended]

you enter those individually on the same statint sheet as the sum of the cisheet 

you are entitled to 8% statint on each one until settled

 

now the OD £10 charges

ideally those should be a third statint sheet.

as they are not associated with either the PPI nor the PAF claims

 

the process of reclaiming PAF/PPI might well render the AC balance at any/the date of each £10 OD charge in the black so those reclaims might see some/any/all of them refunded under either one.

 

dx

 

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

Thank you so much that makes sense - i do so appreciate you taking the time to explain everything. 

 

I have completed the PAF exactly as you suggested (phew! i have got one of them right!! the only thing i need to do is add the bank address to the letter and get friends signature on said letter!)

 

The only question i now have is the £10 OD charges you mentioned, i have read back through the thread and can't spot anything obvious but i have been reading all night in an attempt to find a suitable PPI template to adapt (without success!) so my eyes are tired, - is that something i have posted about earlier? 

 

The only thing that i could recall was the penalty charges but slick had advised me not to pursue due to the supreme court ruling...

 

 

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why not mention them on each claims covering letter?

 

the account suffered numerous £10 OD charges post [date] 

should the account [following a successful reclaim] not be in the red now when each of these were levied, I also expect these to be refunded as it would no longer be a true reflection of the account balance at each date.. or alike...….

 

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I did think it might be worth a bash to be honest, after all what is there to lose?

I had already done the spreadsheet too so no real extra work involved there.

 

The charges were between £12-£22 i think in the end - not got the exact info with me as im at work at the moment

i do think it worth asking for them refunding - they can only say no cant they?

 

Thank you so much dx100uk,

this claim alone is quite huge and if we are successful (the PPI is quite certain as Barclays have more or less asked her to claim) we will definitely be making a donation to the site as a thank you.

 

I just need to get my template sorted now for the PPI,

I have the template but trying to adapt it for the overdraft PPi is tricky

- i have been scouring the forums for days in an attempt to find someone who had posted a similar one lol... 

 

x

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what Template

you mean PPI covering letter

or the FOS CQ you should send as well as the spreadsheet and covering letter for each PPI reclaim?
 

 

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

Yes the PPI covering letter, i have the template already but just needed to adapt it as its mainly to do with loans rather than our situation which is the overdraft PPI. Do we have to send the FOS CQ as well or will the covering letter as and spreadsheet be enough? (per claim of course) 

 

Thank you... again 

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you must always send the FOS CQ

else they'll just send their own one with loaded questions.

 

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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