Help me please i'm in a pickle!!! *****WON*****

[skintandbroke]

Hi

I've had no response from Lloyds TSB from the Preliminary letter or the Letter Before Action so far and i started this process in October. (I've had the general response to the first letter though). Do i send the N1 letter now and add the 8% - or am i getting confused? I've read the FAQs etc and other sites but i'm just not grasping it, and the bits that say where the bank will know if i don't know what i'm doing really worries me.

My charges have gone up since October, so I take it i add them on to this next letter.

 

I really want to get my money back and i'm willing to go to court for it- but obviously need to get it all right first - so please help me if you can.

 

Thank you in advance.

[hagenuk]

Ok, if the deadline in your LBA as expired then you now need to file a claim against them.

 

This is where you add the 8% on.

 

Look here for what to do and in the library for the N1 and details of how to complete it.

 

Read all but in particular from Point 6 onwards - http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/31460-step-step-instructions.html

 

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/

[skintandbroke]

Thank you,

i think i'm on the right tracks but just lacking confidence. Have read these links but will re-read until i'm fluent in it!!

Thanks again

[hagenuk]

No problem. If you get stuck and cannot find the answer, just come back and ask - it is confusing at first, but it will become clearer the more you read.

 

You are on the right track and have done everything right so far too, now you just need to do that last little bit and your charges will be refunded to you.

[skintandbroke]

Thank you so much, looking forward to being able to donate to the CAG site.......

[skintandbroke]

Hello

 

I've filled out the N1 form (once up to now - got another 3 accounts to do), BUT who do I send it to? Does it go to the bank or the Court? I have read the step by step guide - it doesn't say - i presume it should go to the bank but just need to be sure first.

 

Please help me, i'm struggling.

 

Thank you

[sweetpants]

Your N1 has to go to the court along with a schedule of your claim. Dont forget to make 3 copies.

 

Good luck

 

S.P

[skintandbroke]

ok thanks, will send it tomorrow.

Much appreciated x

[leeshare]

hi, im just at the same stage as you, i feel well out of my depth!!!!

I would never have been able to even think of doing this without cag.

 

All i hope is that i have filled the n1 in correctly and my schedule is ok, and the poc is filled in ok to,

im probably the worst person in the world with forms:confused:

 

any way i hope all goes well with you, im going to take mine to the court directly, just to make sure the forms are ok.....

 

all the best

lee

[skintandbroke]

Thanks Lee.

Good luck too - its so daunting isn't it.

I think i will go to the court directly, which will also save a few days from postage.

 

This forum is brilliant, i spent 4 hours working on forms yesterday and then showed my dad loads of pages off this site, and for the first time ever he has realised that i haven't been p155ing my money up the wall, instead the bank had been taking it off me when there wasn't even any money to take. Thanks CAG, i've made it back into the 'good books' (almost! - i will definitley be in them when i pay off my 'parent-have-bailed-me-out-so-many-times' debts to dad!!).

[sarah13]

i know what you mean- the banks have been taking my money for years too! I always go to court in person, then i can make sure with them that i have supplied everything correctly. Good luck with your claim!

[bill-k]

hi, im just at the same stage as you, i feel well out of my depth!!!!

I would never have been able to even think of doing this without cag.

 

All i hope is that i have filled the n1 in correctly and my schedule is ok, and the poc is filled in ok to,

im probably the worst person in the world with forms:confused:

 

any way i hope all goes well with you, im going to take mine to the court directly, just to make sure the forms are ok.....

 

all the best

lee

 

Hi guys - I just stumbled in here. If you've already submitted a claim, then OK - just ignore this post. But if you haven't, then are you claiming contractual interest, or just the Statutory 8% ?

 

If you're not claiming contractual because you don't know what it is, then don't submit your claim yet, until you've read up on it and made an informed decision on whether to claim it. It can make a big difference.

 

Sorry if I've put a spanner in the works, but this is worth checking out.

It's an epic thread - scan through first, then backtrack if it grabs you:-

 

http://www.consumeractiongroup.co.uk/forum/general/7252-new-way-looking-interest.html

[skintandbroke]

Hi

Explain this to me further please.... so you walk into the court with the papers and ask for...........?? and show them the papers and then do what??

Is this right? I'm so scared (but excited too - is that wrong?)

I will go later to my local Magistrates' Court but need to know what to do first - never been in a court before.

[skintandbroke]

I've filled out my Excel spreadsheet (English Basic) and added the 8% interest when they've charged me for unpaid d/d's and s/os etc.

I've filled out the N1 forms and said that i'm claiming back x amount with x amount interest added plus court costs of x amount (depending on scale of claim) which totals an overall amount. Which matches the amounts on the spreadsheets.

I've read the step by step guide from 6 onwards for this point.

Please tell me that's right - i'm worried now.

[sarah13]

Hi

Explain this to me further please.... so you walk into the court with the papers and ask for...........?? and show them the papers and then do what??

Is this right? I'm so scared (but excited too - is that wrong?)

I will go later to my local Magistrates' Court but need to know what to do first - never been in a court before.

 

Dont be scared - Be excited but know that there is still plenty of waiting ahead!

I go to the court admin office and see a clerk behind a window. I say what i'm doing ie filing a N1 for small claims. I give over all my paperwork, they check through it- job done.

 

You have to go thru security first so make sure they isnt anything dodgy in your bag! The security guard who rumaged in my bag last week got a very sticky hand when he touched my daughters used lolly wrapped in a tissue! yuck

 

good luck

[skintandbroke]

Excellent, is that it? Gosh, thought it would be harder than that. I will go later, providing my 8% is right!

[sarah13]

I've filled out my Excel spreadsheet (English Basic) and added the 8% interest when they've charged me for unpaid d/d's and s/os etc.

I've filled out the N1 forms and said that i'm claiming back x amount with x amount interest added plus court costs of x amount (depending on scale of claim) which totals an overall amount. Which matches the amounts on the spreadsheets.

I've read the step by step guide from 6 onwards for this point.

Please tell me that's right - i'm worried now.

 

sounds fine to me. did you check out the post above about contractual interest? The calculations are the same on the spreadsheet but you substitute 8% for the contractual rate which is usually higher.

[bill-k]

Depends where you are, but your Magistrates court and your County court are often totally separate. You need to take your claim to your County court !!

[sarah13]

Hi guys - I just stumbled in here. If you've already submitted a claim, then OK - just ignore this post. But if you haven't, then are you claiming contractual interest, or just the Statutory 8% ?

 

If you're not claiming contractual because you don't know what it is, then don't submit your claim yet, until you've read up on it and made an informed decision on whether to claim it. It can make a big difference.

 

Sorry if I've put a spanner in the works, but this is worth checking out.

It's an epic thread - scan through first, then backtrack if it grabs you:-

 

http://www.consumeractiongroup.co.uk/forum/general/7252-new-way-looking-interest.html

 

I have always claimed contractual interest, been settled by HSBC, court with abbey 18th Dec. An excellent post. Also signed petiton and will add it to my signature. Thanks

[skintandbroke]

Oh no - well confused now.

Don't think i've done the contractual rate - oh and it took me hours to do - will start again!!!- and i'll go to county court then - i'll have to find it.

Feel like i'm losing a battle withmyself now.

Thanks for your help - i would've made a right mess of this otherwise.

Cheers x

[bill-k]

sounds fine to me. did you check out the post above about contractual interest? The calculations are the same on the spreadsheet but you substitute 8% for the contractual rate which is usually higher.

 

Thanks for acknowledging it !!

 

It's actually better than that. A lot of people think you just substitute a higher interest rate (it can be around 30% sometimes !!) In fact, you use a different method to calculate it, too, called compounding. That makes it even more !! It's dead easy to calculate, once you've set up a column on your spreadsheet to do it. Just make a comparison between that and the 8% column to decide if you want to go ahead & claim it. I'll show you how, if it's difficult.

 

If you like, I'll give you an "instant quote" - post up the date and amount of your earliest penalty charge being claimed. I also need to know what the rate is that your bank charges you for unauthorised borrowing (exceeding your O/D limit. If you can't find that out, then tell me your bank and I'll try and fetch it online & get back here. I'll work out what the statutory 8% and also the contractual interest would be on that one charge, and you can decide if that difference is worth it on your whole claim.

 

Any good ?

[skintandbroke]

Ok, i've had a quick read of the link, and if i can claim just the 8% then i'm happy to do that. The 8% on one of my claims come to 11.96, so for the time, effort and stress the bank is causing me I am happy to keep it at that. I have to go to my parent's house to print and have used my Sundays so far to do this - i work 6 days a week and would be happy to submit my claim soon to have it processed. I know its up to the individual and i would probably push another to go for the 16% if i knew about it, but is it reasonable for me to go ahead now? I've taken a day's leave to sort this out today - aarrgghhh!!!!!

[sarah13]

Ok, i've had a quick read of the link, and if i can claim just the 8% then i'm happy to do that. The 8% on one of my claims come to 11.96, so for the time, effort and stress the bank is causing me I am happy to keep it at that. I have to go to my parent's house to print and have used my Sundays so far to do this - i work 6 days a week and would be happy to submit my claim soon to have it processed. I know its up to the individual and i would probably push another to go for the 16% if i knew about it, but is it reasonable for me to go ahead now? I've taken a day's leave to sort this out today - aarrgghhh!!!!!

 

ofcourse, thats fine! its totally up to you. good luck at the court!

[bill-k]

Thanks, Sarah.

 

S&B - don't panic. Slow down to a gallop, as my dad used to say. It's pretty sure that you won't get your money before Christmas, so take a couple more days to check this out first, then make a cool, calm decision. You're doing OK here as far as I can see, with Sarah helping you out, but this might just help you to de even better. Miss it now, and you can't go back for it later !!

 

and.....................relax !!!

[skintandbroke]

Phew, thank you!

Thanks to everyone for all of their help, its much appreciated - i only hope i've done everything right and am able to claim my charges back.

I will keep you posted. Thanks again x x x