Bigred1 vs Abbey

[bigred1]

Hi all,

 

Great site, i have 1 win so far against cap 1 using support and info from another fantastic site similar to this 1.

 

I now intend to reclaim from Abbey and i am extremely tantalised by the compounded contractual interest angle, i have calc'd using the "through claim compounded contractual interest" google sheet (is this the appt sheet?) and my claim has more than doubled !

 

I have been trying to get my head around the interest issue for weeks and i feel that the unauth rate calc'd as per the banks do is appt, it is for them after all.

 

I do, however, still find myself in a quandry as to how to proceed:

 

1 Restart claim including cci

2 Continue in what i know through experience works i.e. charges + 8%

 

Any help/advice/opinions gratefully received

 

Good luck to all

[einyuk]

Hi all,

 

Great site, i have 1 win so far against cap 1 using support and info from another fantastic site similar to this 1.

 

I now intend to reclaim from Abbey and i am extremely tantalised by the compounded contractual interest angle, i have calc'd using the "through claim compounded contractual interest" google sheet (is this the appt sheet?) and my claim has more than doubled !

 

I have been trying to get my head around the interest issue for weeks and i feel that the unauth rate calc'd as per the banks do is appt, it is for them after all.

 

I do, however, still find myself in a quandry as to how to proceed:

 

1 Restart claim including cci

2 Continue in what i know through experience works i.e. charges + 8%

 

Any help/advice/opinions gratefully received

 

Good luck to all

 

my 1st letter claimed amount of charges (14days)

2nd letter amount of charges plus 8% interest (14days)

3rd letter court action letter going out 2day again charges plus 8% interest. (7days)

Some say going for contractual interest would not help your claim in court and beware shabbey take you all the way very tough nut to crack and they will make you an offer of peanuts so be prepared to go all the way.

I AM!

 

good luck

[pmahonc]

Have a read of bongs thread especially #264 its long so will take a while to read.

here's the thread http://www.consumeractiongroup.co.uk/forum/hsbc-bank/33005-bong-hsbc-contractual-interest-14.html?highlight=bong

 

regards pmahonc

[charleyfarley]

Hi Bigred,

 

It all depends on your own individual situation with regards to the interest. I had lots of charges but very little interest charged so I decided to go down the s.69 8% route. If you've had lots of interest charged to your account and so long as you fully understand what is quite a complex subject, then Contractual Interest is reclaimable.

 

The Vampiress has good spreadsheets in her chambers, but I've also used these from Mindzai

 

http://www.consumeractiongroup.co.uk/forum/general/51736-excel-contractual-interest-spreadsheet.html

 

VAMPIRESS'S CHAMBER

 

CF