Whats Going On Here ?

[dangler8]

RECLAIM YOUR BANK CHARGES thats the name of this campaign. On this site and others, many many people have sucessfully recovered their charges by following the excellent guides and template letters. Now it seems greed has overtaken reality, sayings like (going for every penny I can get)and (banks have screwed us for years now its our turn) lose track of the basic aim to RECLAIM YOUR BANK CHARGES.

Yes reclaim all your charges, allow the bank the statutory time scale to repay, and then if they still delay go down the appropriate route of FOS or SCC depending on the size of the claim in relation to Scottish or English law. If your going for SCC then and only then add 8% interest.

This situation where people are claiming ci which grossly inflates their claims and will only result in the banks refusal to pay, often delaying things. It also adds to the backlog for every other person claiming.

[dangler8]

Hi Nikki, your comments are appreciated, but as for people to be in huge amounts of debt because of charges and interest I disagree. Everyone has the option to cancel a D/D or S/O if there is insufficient funds in their account. The same applies to writing cheques without funds as available as well. Whether the monies we have been charged would still be in our accounts gaining interest is a matter for debate.

As for the time scale taken to resolve claims I think the FOS advises 8 weeks before the will accept a complaint against the bank.

Reading some of the threads on here banks seem to get the blame for everthing from financial ruin to global warming. We all need the services if banks throughout our lives and more often than not we get good service. Our argument is the amount the banks charge for the above indescretions (of which Ive had a few, £3k worth) whether I would still have had this amount in my account gaining interest is a matter for conjecture.

[dangler8]

HI Kennyh, Its each to their own views as you rightly said. As for the daily machinations of the bank, they are not carried out randomly we know in advance when deductions will occur. In Scotland the thresholds for small claims courts are very different to English law, by adding CI many claims will go over the limit leaving the FOS as the only viable final course of action if the bank delays repayment. The FOS will only pursue claims without interest (basic charges), for this reason I say avoid CI until it has atleast been tried and tested in a court of law, as it only confuses newbies starting out.

[dangler8]

To all who respond to my thread, I take on board your comments and welcome your opinions.

I am sure that all the pro CI enthusiasts are in England and claiming under English law where the court thresholds are higher. Please spare a thought for us in Scotland where we are limited to 750 and 1500 limits. Many of our average claims would be pushed well over the 1500 limit if we added CI, the banks are well aware of that and offer refunds of basic charges only. I wish I could take the bank to open court as my basic claim is £3k+ (so you can guess I dont work in a bank) but this would be very risky, untried and a virtual minefield. Read flyboy80 thread today This leaves the FOS as my only option and the FOS wont entertain claims with interest added, only the basic charges.

[dangler8]

Hi kennyh, court is not an option Im afraid, so Im sitting in limbo until the bank offers a refund or stautory 56 days are up and I can go to FOS.

AS for splitting claims, courts have already disallowed this as an abuse of court time.