birchave0 v Just about everybody!!!

[birchave0]

A friend told me about this site after Barclays refunded her bank charges. I must admit I'm not one to be up to date with what's happening in the financal world but when she told me what had happened alarm bells started ringing. I will admit I'm not the best at managing my bank accounts, etc but I think nobody deserves to be ripped off like this. After reading a lot of the threads on this site I find (thank God!!) that it's not just me who forgets to pay their credit cards on time or who dos'nt get to the bank in time to pay in funds, therefore becoming overdrawn. I opened my account with Lloyds when I left school in 1988, I shudder to think how many charges have been slapped on since then as normal life throws it's fair share of s*** my way. Just the normal stuff really, redunduncy, student life, trying to buy your first home, if only none of the charges had been applied in the first place I would have probably had enough money for the deposit on my house! Instead of today still being overdrawn! So I have made a decision, I have followed the template letter and today Lloyds TSB and the Halifax are getting letters. I have asked for all the required information to calculate my charges to date and enclosed the ten quid, etc, etc! Wish me luck! I feel I may need it! After this the credit cards are next! I have noticed that although the credit card companies have dropped their charge to £12 the interest rate on all of them has gone up, is this legal? If anyone can offer advice, support and probably a box of kleenex along the way I would be most grateful

cheers

Birchave0

[spotnot]

Welcome!

 

You seen to have a good idea of what to do already. It is daunting and a lot to take in when you first start, but when you get your head round the idea that it can be done, you will begin to feel empowered!!

 

As far as the credit card charges are concerned, they are as unlawful as the bank charges. The OFT ruled that they would only become involved if the charge was greater than £12, but if you read the many, many threads on credit card charges you will soon see that people are getting these back as well.

 

If you start separate threads regarding each of your accounts then you will get support and help from those who are further down the line than you and have been in your position. Each bank will respond in different ways but ultimately, they all pay out.

 

So, good luck (not that you'll need it) and remember, there are plenty of people on this site who will be more than willing to offer help, support and Kleenex.

 

Spot

[birchave0]

thanks so much, I have started a new thread for both Lloyds and the Halifax so I won't get into bother! I think these two will be enough to deal with for starters. I am going after the credit cards as well though as soon as I feel I can cope! Thanks again and I will check out your threads

cheers

 

Birchave0:oops:

[birchave0]

I think I have won!!!!!!!!

I complained to Lloyds about the PPI on my loan with them, told them the loan was sold on the "need the PPI to approve loan basis". I have waited 4 weeks and then had a phone call from the insurance department.

After I told them the facts they have decided in my favour.

I had a small loan in 2000 which was topped up in 2002 by a much larger one (including the dreaded PPI). In 2003 I rang them to cancel the PPI they said I couldn't, instead they restructured my loan over 7 years instead of the original 5 to make the monthly payments less. I have since found out they should have offered me a new loan with no PPI.

Well the top and bottom of it is all the insurance I have paid up to date on the 2003 loan is to be refunded against the amount I still owe, this will reduce the amount and shorten the time left on it. The insurance I paid on the first 2 loans is to be refunded into my current account!!!!! I think it's about £1000!!!!!!! Whoopeeeee!!!!!!

I have asked for everything in writing before I accept, only thing is they say I can only have the interest on the insurance back on the 2003 loan and not the 2 previous ones, is that right, does anyone know????

Thanks in advance

Birchave0:-)

[kippy2]

hold fire on that...wait until reidnet the ppi man has seen this post.