B1tor v Halifax

[B1tor]

Hi all, first timer so please dont hurt me

 

I asked for and received all my statements within 3 days of paying £5 via my Halifax account.

 

I have highlighted all 'Charges As Notified' along with all 'Interest Debited - notified last month'

 

I have been on the forum trying to research my claim but seem to be getting more and more confused with regard to interest.

 

I have an authorised overdraft which I have constantly exceeded over the years, resulting in the following charges:

 

Charges As Notified: £4,881.00

 

Interest Debited: £543.15

 

My confusion arises when I read about 'Cumulative Interest',

'Overdraft Interest' etc.

 

Do I simply complete my prelim with the above figures or am I even more confused than I think?

 

Thanks in advance for your help.

[crashbandicoot]

Hi B1tor and welcome,

 

The reason why interest can be confusing is that it is very complicated to work out the portion of interest that relates specifically to your charges. Whilst you have charges of £4881.00, the £543.15 of interest will not relate completely to those charges, it will also relate to the standard use of the account. How would you differentiate between the two? This is why there are a number of spreadsheets available to help with this. Some people do not claim the interest portion of the charges because it is so complicated, and simply charge 8% interest at court stage.

 

It is entirely up to you how you work it. You can use the simple spreadsheet in the library to claim your charges, which will calculate 8% interest for you which you add at court stage. Or you can try using the advance spreadsheet which will work out what interest you probably paid on each charge. Have a play with the two and go with the one that makes most sense to you.

 

I hope that helps in some way

[B1tor]

Thanks for your help crashbandicoot

 

Ive taken a look at both spreadsheets and I think I will have to go with the easier one.

At least that way there is less chance of me messing up.

 

Prelim on its way in the morning and Ill post any response and further actions.

 

Thanks again

[B1tor]

OK its on its way.

 

Further news as it happens.

[jaxads]

Hi B1tor --- well done on sending off your Prelim. You're on your way to claiming back what is rightfully yours --- and what they should never have taken from you in the first place

 

Have a read of my thread to see how I got on with the Halifax :D:D

 

If you've any questions, just post and someone will respond to you. This site is amazing and the help, support and advice you'll receive is fantastic.

 

Remember, no matter what the Halifax state, you must stick to YOUR timescales. It is YOUR claim - not theirs. You're the one in control. Put your feet up and have a think of what you can spend YOUR money on

 

best wishes.

jaxadx

[B1tor]

Hi jaxadx

 

thanks for your support,

 

I've read enough to know to stick to my timetable and not theirs, and Im quite looking forwards to see how things progress.

 

I'll keep you informed via this thread, and don't worry... any problems and I'll shout loudly for some help

[B1tor]

LBA going off now.

More info as it happens

[B1tor]

LBA received by the Halifax 13/03/2007

 

14 days to go

[livelylad]

LBA received by the Halifax 13/03/2007

 

14 days to go

 

You will be fine.

[B1tor]

thanks for your support.... I will keep you informed of my progress

[jaxads]

tick tock tick tock ---- come on Halifax get a move on

 

x

[B1tor]

The clock stopped ticking

They have just phoned me and offered £4,998.00 which out of the goodness of my heart I will be accepting.

 

Im sure a donation will be forwarded to help the running of the site as soon as the funds are transferred.

 

Thanks for your advice and encouragement.

 

Now for the HSBC

[crashbandicoot]

OMG B1tor!! Well done, and congrats...woooooohhhooooooooooooo!!

[B1tor]

That LBA must have panicked them is all I can say

[jaxads]

WELL DONE !!!!!!!:D

 

I received an acceptance letter from the Halifax to sign and return. I faxed it back to them on the Monday and the funds were in the account by Thursday lunchtime. I think they're a bit busier now though . They do state that it can take up to 14 days, although I must admit to a bit of telephone "nudging".

[tiglet]

Bloody hell - that was quick. they got my LBA on the 15th, two days after you - should I expect a call do you think?

[sea-sidelady]

Well done B1tor. :D

 

A lot of people are getting in contact with haliprats at this stage and getting their money back. It deffinatly worth a try.

[B1tor]

Bloody hell - that was quick. they got my LBA on the 15th, two days after you - should I expect a call do you think?

 

I hope so.

 

A friend of mine didnt get a phone call but a letter offering half of what was owed... I think she is going to phone them to nudge them into her way of thinking.

 

Ive just received their letter with the offer so that will be on its way back later and faxed later also just to 'help' them along