HSBC ..Total Charges Can I claim these????

[lateralus]

and here is a suggestion:

there are many threads on here mentioning managed loans and i have stopped reading them because they make me so very angry.

however, you may like to read some as it makes you realise that there are loads and loads of peeps in the same place as you:

Who has had Managed Loans? (1 2 3 4 5 ... Last Page)

 

 

now, as to the suggestion: there is only one thread i know of where someone has asked for the m.l. to be included with the charges and they won. i would read this thread very carefully. tigs is very helpful and if you want her advice - she will give it to you. this is her thread:

Husband v HSBC - Paid (1 2)

 

 

i would think your story is very similar and i don't think you are too late to take her approach. but you must read up on it and probably make contact with tigs with any questions.

it could just be the way to go for you.

 

as for the overdraft interest on the statements (i'm talking about the current acct charges - not the m.l) if you want to include the o/d interest - you must use the advanced s/s to calculate what portion, if any, on each interest charge the amount you can reclaim - do not under any circumstances just plonk the o/d interest onto your list of charges - that would be incorrect.

as it is common practice to amend your schedule of charges right up to filing the claim - i would say - first, decide if you are going to ask for o/d interest but second - i'm still thinking joining your man. loan onto your reclaiming of charges as was done by tigs in that link above may be the way to go - please look at it.

[lateralus]

you may need to pm tigs if you want to make sure she sees it - just copy your thread title from the forum list and go on private messages - upper right side and then compose message send it to Tigs33 and paste your thread title there.

[lateralus]

ok, sorry - sometimes i treat everyone like my kids at the playgroup!!!

[lateralus]

this is for after you file your mcol - keep it handy - After You Have Issued Your Claim

Your POC's state that you will be supplying a schedule of charges, but MCOL does not allow you to attach it to your claim at the time of filing.

So, once you have filed your claim, you need to send 2 copies of your schedule of charges, clearly marked with your claim no. + a brief covering letter asking for them to be filed with your claim to:

 

 

Quote:

The Court Manager,

Money Claim Online

Northampton County Court

21-27 St. Katharine's Street

Northampton

NN1 2LH

 

Dear Sir/Madam

 

(Your Name) –v- (Bank)

Claim No: ********

Date Issued: xx/xx/xx

 

Please find enclosed a schedule of penalty charges taken from me by the defendant, along with interest claimed at the annual rate of 8% pursuant to section 69 of the County Court Act. The interest in addition to the amount in charges equates to the total amount of my claim, namely £(AMOUNT).

 

I respectfully request that the enclosed schedule should be attached to the particulars of my claim.

 

Yours sincerely,

Wait until you receive the Notice of Acknowledgement (not the Notice of Issue) from the court and then send a copy to the bank’s solicitors, since they are the ones who will now be dealing with your claim. Their name and address will be on page 2.

 

 

Quote:

Dear Sir,

 

(Your Name) -v- (Bank)

Claim No: ********

Date Issued: xx/xx/xx

 

Please find enclosed a copy of my schedule of charges relating to the above claim.

 

(If, and only if, you are claiming overdraft interest on your penalties, also include this paragraph)

 

 

I understand you have a policy of initially rejecting claims for overdraft interest. However, should this be the case after you have reviewed my claim, you should be aware that my claim for overdraft interest has been meticulously calculated and double checked. It only ever relates to the cumulative charges within the overdrawn balance of the account at the point that the overdraft interest was debited

 

If it is that in your view the interest is not claimable, I am prepared to discuss this with yourseves and the judge in court.

 

Yours sincerely,

 

and this will help you fill out the mcol:Getting MCOL Right(1

[lateralus]

read dolfos thread while waiting - you can skip through else you'll be there ages - just read her posts.

Business account over 19,000 in bank charges.** SETTLED IN FULL *** (1 2 3 4 5 ... Last Page)

it reminds me of what you are saying - i followed it forever - but they got there!

 

also, have i pointed this one out before - getting the ml money back with the current accout - although this is personal - not business. the idea is there. Husband v HSBC - Paid (1 2)

 

good luck with whatever you try!

[lateralus]

see, i told you tigs would be helpful!!!!!

[lateralus]

could be wrong here but i see some parallels with greedfighter's arguments - you might like to take a look - This will make you laugh !!!!! (1 2 3

[lateralus]

i think the crux of the complaints about the managed loan is that the original debt is made up almost exclusively of accumulated bank charges.

added to the fact that the loan itself is set up like a mortgage - where the early payments are almost exclusively interest - taking almost nothing off the capital of what is owed. it has long been my contention that had it not been for the original unlawful and punitive charges - the debt would not have spiralled into such an amount that the bank entices people into the managed loan. it does seem logical that the interest on the managed loans, being made up of bank charges which you are questioning, would therefore be refundable. this was the basis for tigs33 and her getting her husband's managed loan repaid. (Husband v HSBC - Paid granted this was way last year when things were different - but if it helps you see a bigger picture - then it would be worth a read.

my comments about the parellels with greedfighter - i meant there is more than one way to skin a cat - and sometimes fighting the bank might require some thinking outside the box -

just hoping something might come out which could help you in your situation.

[lateralus]

no, but not surprised if burn-out has taken a few of the oldies there, must be a really nasty place to work. bet paul doesn't know what he's let himself in for......

[lateralus]

excellent, and a merry xmas to one and all!

[lateralus]

no such thing as a small victory in this game, fiddled!!!

they're all big wins, felt by all of us and maybe most importantly - a boost to those yet to venture into the action!!

 

again,,,well done.....enjoy your holidays and your dosh!