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chopper272 vs lloyds tsb


chopper272
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just sent of my pre-approach to the bank.

i have a question?

just done a google on bank charges and some agencies are offering interest on the claim of 29.85% contractual interest how can this be achieved or is it not worth the hassle.

 

thanks in advance

 

chopper

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Agencies?

 

Do you mean companies who offer to reclaim charges for you and successfully claim contractual interest but will charge you a fee?

 

You can claim contractual interest, it's a little more involved of course but depending on how far back your claim goes...it can massively increase your claim value.

 

Heres a good thread for you to have a read of.

 

http://www.consumeractiongroup.co.uk/forum/royal-bank-scotland-bank/37418-claiming-1991-2000-fight.html

 

good luck

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  • 2 weeks later...

Same system, get the statements then send:-

1st Pre-approach.

2nd L.B.A

3rd MCOL or N1(Should it get that far)

With regard to credit cards i add the contractual interest to the charges on the Pre-approach letter and all letters following.

With Banks you dont add the 8% APR till MCOL or N1 form.

 

To work out contractual interest get statement and look for something like:-

Monthly Interest Rate 1.094%

Multiply this by 12 =13.12%

 

If in doubt ring credit card company up they will usually help.

 

Hope this helps

 

A mod will clarify this as im a newbie.

 

Matt

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  • 1 month later...

Hi

You need to start the court claim now, have a look at point 6 on the link below for details:

http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/31460-step-step-instructions.html

 

Good luck, and if you have any questions please ask.

Barty:)

I WON!!!! :D :D :D

http://www.consumeractiongroup.co.uk/forum/lloydstsb-successes/1774-barty-lloyds-tsb.html

 

IF I HAVE BEEN HELPFUL PLEASE CLICK THE SCALES:)

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With regard to credit cards i add the contractual interest to the charges on the Pre-approach letter and all letters following.

With Banks you dont add the 8% APR till MCOL or N1 form.

DAMN!!! I sent my prelim letter to Cap1 with a schedule of charges without the interest... will I be able to ask for it on the LBA and MCOL / N1?

**** WON ****

Cap 1 - 07/11/07 - 23/03/07 £165

Ikea - 22/02/07 - 23/03/07 £200

LTSB - 02/10/07 - 24/05/07 £3310

LTSB joint account - 02/07/07 £751

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