business claim 1992 and onwards

[sharpgun]

Hi everyone need some help. going through old stuff in office today only to find old statements for my old bussiness. I found that I paid thousands in fees,£360 in one day (can you believe). Now I have few questions. Firstly the template for bussiness sar request does not refer to pre six years is there a template? secondly the nat west have just ripped me for £20 K (long story) so my way of getting a proportion of this back is by charging C I interest but for some reason the templates I found I dont seem to be able to get into. CAN ANYONE HELP:? :? :?

[steven4064]

Hi sharpgun

 

If you have the statements you don't need to send an SAR. Just modify a template to produce an initial request for payment letter with a suitable list of charges attached. Add interest too if you want although NW will fight that. They will cave in eventually though.

 

Post a draft letter here (with names, account details changed of course) so that others can comment on it before you send it if that would be helpful.

 

Steven

[scott150663]

sharpie

 

have a read of my thread ive just won £36,000

 

Business account only 6 years tho

but starting new claim shortly for pre 6 years

 

 

http://www.consumeractiongroup.co.uk/forum/natwest-bank/81964-nat-west-owe-me.html

[jaxads]

Best of luck - subscribing

[sharpgun]

need help composing letter cant seem to find template letters that cover the points i need to cover ie pre six years and ci interest.

 

HELP

[scott150663]

hi sharpie

 

read this and modify it to your requirements

 

Please link to template, do no post template on open forum. thank you.

[scott150663]

LBA when required

 

Please link to template, do no post template on open forum. thank you.

 

hope these 2 posts,keep reading threads to get a full understanding of the next process (filing N1 form) court action

 

 

 

Regards SCOTT

 

 

also read through this thread

 

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/64975-business-claims-basic-guide.html

[sharpgun]

what about contractual interest?

[sharpgun]

i need help, ihave to include statute of limitations act and contractual interest have seen them on threads but been away working and cant remember where:? :? :?

[Parkvale]

These might help you. http://www.consumeractiongroup.co.uk/forum/general/18313-why-no-one-claiming-89.html

http://www.consumeractiongroup.co.uk/forum/legalities/65306-forget-32-limitations-act-4.html

[sharpgun]

just thought i would add up my charges ,and some questions have come out of this.firstly my manager moved to a different branch so the account NUMBER changed does that mean i have to do seperate claims. secondly each account period totaled approx £4k each this did not include the interest they charged me. thirdly in black and white at the bottom of the statement it clearly states i am getting charged 29.5% should i go over my limit. (So they charged 29.5% interest for any anything over the limit £3.50 a day for being over and a fee !!!!!!!!!!!!) does this mean I can charge them the same. 29.5% of 8k qver 15 years i think is a lot of money.

ANY ONE ANY IDEAS:roll:

[Parkvale]

Thats the million dollar question. The banks will push you to the very limit over the interest issue, because the rewards for you are huge and the losses for them are also huge. The main points are if you claim interest, claim it from the very beginning.

That way if they make you an offer it gives you manouverability to reject any early offers. The old chestnut still applies. The charges were taken unlawfully from your account and you have a legal right to claim them back. Time wise i would b e tempted to go for the whole lot. The limitations argument is slowly but surely being eroded. Loads of interesting threads. Good luck.

http://www.consumeractiongroup.co.uk/forum/legalities/65306-forget-32-limitations-act-4.html

http://www.consumeractiongroup.co.uk/forum/legalities/11227-limitation-act-1980-lets-5.html

http://www.consumeractiongroup.co.uk/forum/general/80486-claiming-beyond-6-yrs.html#post712882

[photoman]

Sharpgun,

Hopefully a link to a useful couple of threads will appear in my signature.

Firstly, a group of us have started a thread to help all those claiming against Business accounts. We've got together to share ideas, methods, views etc .

There are some subtle but VERY important differences regards claiming against Business accounts; mainly the fact that you cannot use Consumer law, (but there is plenty of other legislation, regulation and case law you can use)

I too am claiming on a Business account, and for prior to 6 years, and including Contractual interest.

Yes, the figures involved can look shocking at first...... but remember, this is exactly the same way that they have charged you, and then also gone on to use your money to acquire massive profits from others!!

Do not let the sums appearing deter you, remember that the law is very keen not to allow wrongdoers profit from their acts.

Secondly, in my sig. should also appear a link to another thread regards consolidation loans.

Like many here, you may have been forced at various points to take out consolidation loans, mainly to repay borrowing from the Banks. In many cases, much of the borrowing is in the form of overdrafts that consist of lots of charges. Had you not had the charges in the first instance, you would likely not have been so overdrawn? So, in effect, you've firstly paid interest on the overdraft caused by charges, ...and then gone onto pay interest on a further loan to clear charges that you should never have had in the first place !

Many are wising up to this double blow, taking actions, and have won. So, if this has also been the case for you then join in.

[sharpgun]

hi photoman i found a spreadsheet earlier for compound interest laft the computor on went out, and had a power cut. and cannot find it help please it was so good seeing those big numbers i think i put in 210 worth of charges and it had already had totaled up to 12k, theres another 7800 to go whats that gonna come to?

[photoman]

Try this,

http://www.zen122856.zen.co.uk/CompoundSheet_v1.9.xls

 

Remember to save it to your computer before working on it !!

(under the page icon on your browser, choose Save)

 

Do your sums and total things up......... but before you go ahead and file your claim, remember to have a good read up on Contractual Interest, and all the arguments and reasonings. It is a lot more complicated than simple statutory interest, so you do need to make sure you know what your doing, why, and how to argue your reasonings with confidence.

Here's some links to read.

 

http://www.consumeractiongroup.co.uk/forum/general/79524-key-arguments-against-compound.html

 

http://www.consumeractiongroup.co.uk/forum/general/18313-why-no-one-claiming.html

 

A couple of cases that included CI

http://www.consumeractiongroup.co.uk/forum/lloydstsb-successes/26172-mindzai-lucid-lloyds-tsb.html

 

http://www.consumeractiongroup.co.uk/forum/abbey-bank/20095-glenn-abbey.html

 

 

This is also a very useful post for finding pertty much anything.

 

http://www.consumeractiongroup.co.uk/forum/site-questions-suggestions/53182-cant-find-what-youre.html

 

Also, didn't mind, but there is no need to send People PM's if they are already subscribed or contributing to your thread. They will get your question if you just post it. Save PM's just for when an issue is private or sensitive, and you don't wish to post it.

[sharpgun]

cant believe this is right have added £500 in fees totaling 22k inc interest my total will be 4 or 500k is this right this is gonna bevery interesting

[hedgey06]

cant believe this is right have added £500 in fees totaling 22k inc interest my total will be 4 or 500k is this right this is gonna bevery interesting

 

Did you just say £400 to £500 THOUSAND???????????? Or have I read this wrong???!!! xx

[sharpgun]

yes 400 to 500k i am just guessing that figure but i have put £500 into the ci spreadsheet and i have another 8k to go in.In those days i had a bookeeper doing my books and it was nothing to be 400k overdrawn, so i didnt pay much notice

[Parkvale]

It will definately pay you to go over everything wiy a microscope. These will help you udentify your charges and rates. Good luck. http://www.consumeractiongroup.co.uk/forum/natwest-bank/79547-natwest-charges-guide.html

http://www.consumeractiongroup.co.uk/forum/natwest-bank/27521-advantage-gold-unarranged-borrowing.html.

Also i have my business statements back to 1992. Might be able to help you identify any charges.

[sharpgun]

it clearly states in a box on the statement how much their are charging 29.5%

[Parkvale]

Were you in your unauthorised rate all the time ? You will also have had an authorised rate. This is the rate that might have changed over the years.

[steven4064]

We got round any argument about interest rates on our claim against Nat West by claiming the actual interest charges from the statement whenever the overdraft was less than the total charges so far, which was always after the first year. If the overdraft is greater than the total charges so far, then you just pro rata the actual interest charge.

 

In that way, you are always effectively using the same rate they charged you.

 

Steven

[sharpgun]

i dont know why i didnt think about but i have a 90 thousand mortgage on a property that was taken out to pay off a nat west loan so i am going for it

[Parkvale]

sharpgun,

Well if you didn't think of it, no one else could. What exactly are you going for ?

[sharpgun]

Ive Just Totaled My First Half Of Fees In Compound Interest It Comes To £174k Thats Only Half Ha Ha This Is Gonna Take Some Thinking About Because Its All In 1992/95