Compensation

[judi3]

I have claimed my charges back and it paid off a loan taken out due to the

charges this happened when trying to expand a company we specifically asked for a sblgs finance but was forced into a loan and sneaky ppi ,

i have raised a complaint with the fos

The compensation disclosed on the fos site is very vague and the amounts poultry to my distress ,

but the actions of the banks compromised the future of the biz and i would like compensation

but how

Do i work out how much and has any one been successful

 

I m prepared to take it past the small claims court and would love to be a test case but i need advice on where to start.

 

 

 

PLEASE ANY ADVICE OR DEBATE ON THIS SUBJECT .

[Butterflycollecter]

it would appear that is already much in debate read Reddeath post - its very interesting and has generated some very interesting debate a lot of it pertains to CI however some of it discuses compensation ( although not in that term ) for upset / emotional , financial etc...

[RedDeath]

Hi Judi,

I am looking into claiming compensation back, but it does not seem an easy task. You need to be able to quantify the damages and that can be well, quite challenging.

My idea is to compare my pattern of bank charges against my credit report to try and find some trends. At present I have been thinking too much about CI to be able to do this properly, but I have but my bank charges in a spreadsheet and looked at them on a month on month basis for the last 5 years. It does make some interesting reading. I would also like to compare the percentage of charges against what my wages were at the time.

 

Also when I was overdrawn the bank would tell me I could extend my o/d only to have that declined. Then they would offer me a loan, and have that declined as well making me to go to sub-prime lenders with higher interest rates and so on.

 

I would like to see if there are any patterns emerging. i.e. high bank charge and opening of a loan, however this may take some time and effort and I am not so convinced that I can raise a valid arguement. Well, let me re-phrase that, I can prove the financial difficulty they put me under, but quantifying it is challenging.

 

So...just a few thoughts. Don't jump into it head first. It is easy to get carried away by emotions (i know). My feelings at the moment are that this is very difficult and maybe not worth it.

 

Drop by me thread and have a read. Butterfly...stop by and say hi.

 

As for the ppi you should be able to claim this one back as it appears to have been missold, and you can claim back interest on it.

 

As for taking this further if you end up outside a fast track then you are liable for charges which can run into thousands. Think long and hard about it. I am.

[judi3]

Thank you for your advice and its something to get my teeth in and explore ALL possibilities

 

 

 

 

good luck reddeath with the crappi lloyds my fingers are crossed for you .

[RedDeath]

Actually I was having a think about this one on my way in to work today.

As the sum is quite low you would not incurr costs if you lost, so you might as well go for it.

[judi3]

As the sum is quite low you would not incurr costs if you lost, so you might as well go for it.

 

 

Thank you .

 

i was except from court fees for my charges .

 

What is the max figure to be applicable for no incurr costs

and if it gets to fast track are the costs if i lost telephone numbers ?

[RedDeath]

I belive the limit for fast track cases are £5000.

Not sure what you mean by "lost telephone numbers"

[nicsussex]

I belive the limit for fast track cases are £5000.

Not sure what you mean by "lost telephone numbers"

telephone numbers - as in more than a few digits.

[Advoc8]

Bear in mind the £750 limit only relates to the advocate's trial/preparation costs, there's also a possible further £250 trial costs if the winning party's legal representative is in court and the court thinks it's reasonable that that representative can attend.

 

In the fast track the other costs are assessed on a summary basis but aren't capped in the same way, so there could well be other costs to pay on top of the trial costs.