have i done the right thing???

[birmingham_999]

Wrote to lloyds asking for money back £170 plus charges and they declined. I then re-wrote to them saying I will start court proceedings within a week I got a letter (today) saying they will be sending a cheque in the post for the £170 - but dont refund charges.

 

As the account is now closed and has been for 3 years the intrest adds up to £42. they obviously dont look at accounts closely as they tell me to keep a close eye on my account and to stay within my overdraft limit - lol

 

anyway i filed the claime with moneyclaim online this morning as I know its not alot but why should lloyds hold on to £42 quid.

 

Do you think i have done the right thing??

[half ax I]

Did your letters to them ask for the interest?

[birmingham_999]

yes i did say that i was requesting it, as this is what would be paid by the courts.

 

in the letter they wrote me there is a line that says:

Its not the banks policy to repay intrest.

 

also another line i thought was quite amusing was:

we are making this offer because the amount you are asking for is less than the cost we might face in dealing with your complaint if you took it any further.

[skbuncks]

Hi Birmingham

 

A few questions

Did you send the letters from the templates library?? ie SAR, prelim and LBA??

 

Was it Statutory interest at 8% claimable under section 69 of the county courts act 1984 that you requested or contractual interest at their authorised/unauthorised borrwoing rate???

 

 

If it was the Statutory interest at 8% claimable under section 69 of the county courts act 1984 then this is ONLY claimable if court proceedings are started. You CANNOT request that lloyds pay this interest unless you issue a claim against them. MOST IMPORTANTLY if they have offered you the full amount of charges that you requested to be refunded then you MUST accept it. You CANNOT issue a claim just so you can get the 8 % interest.

 

However, if it was contractual interest that you were claiming then yes you can refuse their refund and issue a claim for the full amount

 

skb

[superfly6973]

hello,

 

Can anyone help please, I got my bank statments through but I am not sure what intrest rate I can claim on it is 8% or the rate 29% that the banks charges for going O/D or can you claim back both, I have noticed that there are a few bank calatulors on the web but the total amount is never the same, I would want to harm my chances in court if it got that far.

 

ANY HELP IS WELCOME