just recieved my statements............

[bobbycat]

Hi All,

 

I have just recieved my statements after a long battle of 47 days and a threat of the information commissioner.

Even though I have 5 months missing (hoping they come in mondays post)

the amount comes to £1473.00 with out interest.

 

On the letter asking for the money back do I delete the part what say's

"I calculate that you have taken £XXXXX plus £XXX which you have charged me in overdraft interest for the sum which you have taken. Total £XXXXX.

 

Because I haven't got any charges what relate to this "overdraft interest"

 

What is it?

 

Sorry about this silly question but I keep reading through the step by step guides and the information pages and I am puzzled:???:

 

The only charges I have ever got are for unpayed direct debits.

Can anyone help me out here?

 

I have looked on the MSE and their letter asking for the money back is different to yours and it also has a letter to claim back the 8% interest

on the first letter????

But you say we don't claim for that on the first letter???

[dx100uk]

have a read of the step by step instructions & the FAQ's

 

a portion of your overdraft interest, if you have been charged that, which is made up solely of charges can be reclaimed, but it is a pain to work out.

you can only claim the 8% once you enter the MCOL [court] stage

 

dx100uk:)

[bobbycat]

Thankyou for your post, I think I will just claim my charges,

as I have no other charge on the statements apart from " interest debited" :?

[dx100uk]

yep agree

 

dx100uk

[sallysas]

Are you claiming the 8% statutory interest when you get to court? This is what I did (successfully) and if you look on your statements it says at the end of the month ' debit interest - as notified last month'. This is the interest you add on to your claim/letter. Just show it seperately on your spreadsheet. This way there is no need to work out how much is overdraft interest because I took the view that it had been worked out for me by Halifax. Other people have also done the same successfully.

 

If you are going for contractual, IMHO, leave the debit interest off because I consider it would be difficult to justify charging interest on interest. All the best, Sally

[bobbycat]

Thankyou Sally,

 

I have got "Interest Debited-notified last month"

On my statements but is only a matter of pence rather than pounds.

23p is the largest amount that I have got, plus I haven't got charged

every month for it.

 

I will be claiming 8% interest when the claim goes to court,so I do feel

that I will be gaining the interest debit plus more.

 

Plus it is getting more confusing for me the more I look into it, but I was up late last night going through all the FAQ's plus the step by step guide.

I think the problem with me is I had been looking on MSE and here so it has confused me but I seem to be a little more knowledge now.

 

Thanks Wendy:oops:

[sea-sidelady]

You are best keeping to the 1 site as it does get very confussing.

 

This site is well known now for all the support you recieve. So as you go along, if you need any, just shout. As you have seen there are always plenty of people to help you.

[bobbycat]

That is lovely to know and I am staying on here,

you can't get rid of me that easly!!!!!!! :grin:

[half ax I]

bobbycat

 

 

The interest debited will probably include interest on the overdraft amount as well as the charges. The calculation of how much is charged on the interest is quite complex as you need to determine what the balance of the account would have been without the charges and therefore how much interest would have been due on that and then the difference is what you could claim and if it gets a long way down the line you then may need to explain in detail how you arrived at your figures. I have done it with FD for about £30 and wish I hadn't as it for this amount it isn't worth the pain and introduced an element that they can argue with.

 

It looks like your total debit interest doesn't amount to very much so if I was you I would ignore it and just go for the charges.

 

Good Luck

S

[bobbycat]

Half ax I,

 

Thanks for your reply, thats what I thought, just forget about the debit interest. It would not be much at all.

 

To be honest just getting what they took off me in charges would be a massive help to us and to think I took on the big men and won would be something else.

 

I have totaled the amount of charges up and it comes to £1473.00, over the past 6 years. The debit interest might come up to about £4.00.

 

I have just got to wait for the 5 months which are missing from Nov 02 -

March 03 and I know charges will be on them because we where struggling at the time.

 

I am hoping they will be in the post tomorrow , if not I will be on the phone tomorrow afternoon to the bank.

[sallysas]

If you're worried about it £4 is not much to not claim. In my case it added £40 so I added it on. Halifax will try and pay as little as possible. Don't be bullied by them either by letter or the 'phone. Stick to the guidelines and you will also be successful.