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Rascal v Halifax - **WON**


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Ive just checked my online banking and Ive been charged another £60 plus £28 today plus another cheque bounced today (it was dated 22nd May we thought that the restaurant had lost it). so that will be another £39 charge. Can I add these to the LBA2 on Friday if I get that far even though Ive already sent them a tally of charges with my last letter?

Halifax - SUCCESS August 2006

Woolwich - SUCCESS January 2007

 

 

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There is no need for a 2nd LBA. If you had previously sent the Prelim letter, and then the LBA, then the next course of action is a court claim.

 

Add on the latest charges to the claim.

 

The daily rate of interest, from the date of claim onwards, is your charges total, plus the 8% total, multiplied by 0.00022

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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The daily rate of interest (assuming you are referring to the court claim) is 8%.

 

This is best calculated by

 

CHARGES TOTAL + 8% INTEREST TOTAL

 

multiplied by 0.00022

 

As an example only..... £2050 + £214

 

x 0.00022

 

= £0.50p per day (the figure is rounded to the nearest full penny)

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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Nope. I am referring to the other interest i.e. the overdraft interest.

Halifax - SUCCESS August 2006

Woolwich - SUCCESS January 2007

 

 

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Sorry didnt make myself clear - I count the 2nd LBA as the letter AFTER the preliminary approach for charge refunds. My action after this is the court claim. I think Im on the verge of giving up claiming on the overdraft interest - I have given myself serious headaches since the weekend trying chart after chart, table after table to work it out - its just far too complex. Im ok working out the 8% interest just not the other bit - which is a shame cos I reckon it would be over £150 which is what Im entitled to?

 

There just seems to be no fool proof quick strategy to working it out. :(

Halifax - SUCCESS August 2006

Woolwich - SUCCESS January 2007

 

 

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Assuming you're using the spreadsheets from here then I believe you can just enter them as you have above. The thread linked from that page has a good set of questions and answers on the spreadsheet along with explanations on how it works - it might cover what you're looking for there.

 

What do you mean by it stops adding on the interest?

Hubbys Account - SETTLED IN FULL

20th May - DPA SAR sent. Statements received 15th June - £1957.29 owed!

24th June - Prelim Letter sent. 10% offer received on 4th July. Indicated it could be accepted as partial settlement towards the full amount.

12th July - LBA sent. 27th July 25% (ish) offer received.

27th July - Moneyclaim submitted. Acknowledged with intent to defend 31st July.

3rd August - £2,365.80 paid in full.

 

Joint Account

24th June - DPA SAR sent.

 

My Account

3rd August - DPA SAR sent.

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Indeed - certainly not with the Halifax statements anyway.

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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I don't think I am being understood. I completely understand how to work out the 8% that you put on the moneyclaim form its just the other interest that i have been charged on a monthly basis for these charges that I do not understand how to work out.

 

It stopped adding the interest for me when I was completing the table. I added all my charges to the chart first and THEN went and added the interest I had paid monthly. Obviously the amount of charges did not correspond to the amount of interest entries. What I want to know is do I add the charges for one particular month and THEN add the interest in the second column?

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Woolwich - SUCCESS January 2007

 

 

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My chart stopped adding interest half way through but still have me approx £150 (cant remember off top of my head) can I give a circa. figure as to what the interest will be or is it best just to leave it off if I can't work it out exactly.

Halifax - SUCCESS August 2006

Woolwich - SUCCESS January 2007

 

 

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You cannot simply add all your overdraft interest - only the interest that was caused solely because of the charges. If you just add any overdraft interest, then you will certainly have periods where interest occurs but no charges.

 

Halifax do not break down the figures for what caused the overdraft interest, making it doubly difficult to work out. You might be better off leaving them off altogether

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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Cheers for all your help :) - I think I'm going to admit defeat on the interest part. Can you just definitely confirm for me that what Ive worked out as 8% interest on my charges is correct please.

 

My total charges about to £2501 so Ive worked out the interest on that as £200.08.

 

Ta v.much :)

Halifax - SUCCESS August 2006

Woolwich - SUCCESS January 2007

 

 

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Hi Rascal - I think the answer you are looking for is here

Jeep (The Wife & I)

Halifax joint a/c (£3800 charges + £40 interest on charges over 11 years) - paid in full 23/06/06

Halifax joint a/c new charges £1100 - LBA sent 02/08/06

Halifax 2nd a/c (£1500 charges + £150 interest on charges) - partial payment received 13/07/06 (no s69 interest) - AQ filed 07/08/06 - Court awarded 50% of s69 interest (Bank didn't turn up!)

Halifax Visa (#1) Data Protection Act sent - statements arrived - £350 so far

Halifax Visa (#2) Data Protection Act sent - refunded £170

DONATE - Support this site, it supported you!

Follow the route: FAQs > Template Library > Parachute Account > Bank Forums > Spreadsheet

All advice given in good faith and without prejudice or liability, to be taken at your own risk!

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Can you just definitely confirm for me that what Ive worked out as 8% interest on my charges is correct please.

 

My total charges about to £2501 so Ive worked out the interest on that as £200.08.

 

Ta v.much :)

 

We could not say for sure because the 8% is worked out from the date of the charge, so it accumulates more money the older it is.

 

A £30 charge from 01/01/03 would make £8.50

whereas a £30 charge from 01/01/06 would only equate to £1.27 in interest

 

If you like post the dates and amounts and I will double check your figures...

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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My chart stopped adding interest half way through...

 

I don't quite understand this point - what do you mean by "stopped" adding interest?

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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Date

Description of Charge

Cost

 

30/06/03 30.00

31/07/03 30.00

12/08/03 30.00

30/09/03 58.00

06/11/03 30.00

31/12/03 28.00

11/05/04 30.00

19/05/04 20.00

16/07/04 20.00

21/07/04 20.00

07/09/04 35.00

13/09/04 30.00

21/09/04 30.00

30/10/04 28.00

26/11/04 30.00

06/12/04 30.00

08/12/04 30.00

10/12/04 30.00

14/12/04 30.00

31/12/04 28.00

05/01/05 35.00

10/01/05 30.00

11/01/05 30.00

31/01/05 28.00

08/02/05 35.00

18/02/05 30.00

25/02/05 30.00

28/02/05 28.00

01/03/05 30.00

05/03/05 30.00

07/03/05 30.00

09/03/05 30.00

15/03/05 35.00

28/03/05 30.00

29/03/05 30.00

31/03/05 28.00

06/04/05 30.00

13/04/05 30.00

14/04/05 30.00

15/04/05 30.00

20/04/05 30.00

30/04/05 28.00

17/05/05 30.00

19/05/05 30.00

31/05/05 28.00

08/06/05 65.00

09/06/05 30.00

16/07/05 30.00

19/07/05 30.00

20/07/05 30.00

28/07/05 30.00

30/07/05 28.00

10/08/05 30.00

15/08/05 60.00

17/08/05 30.00

26/08/05 60.00

30/08/05 30.00

31/08/05 28.00

08/09/05 69.00

27/09/05 30.00

30/09/05 28.00

05/10/05 30.00

11/10/05 30.00

25/10/05 30.00

26/10/05 129.00

31/10/05 28.00

14/11/05 30.00

30/11/05 28.00

06/12/05 30.00

12/12/05 30.00

13/12/05 30.00

22/12/05 30.00

31/12/05 28.00

31/01/06 28.00

01/06/06 30.00

22/06/06 30.00

10/07/06 60.00

13/07/06 30.00

31/08/06 28.00

 

 

TOTAL???

2559.00

Halifax - SUCCESS August 2006

Woolwich - SUCCESS January 2007

 

 

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I was adding the charges on the left then proceeded to add the interest on the right. I was watching the total sum of interest change with each entry and then for some reason it just stopped going up?

Halifax - SUCCESS August 2006

Woolwich - SUCCESS January 2007

 

 

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Charges total £2619.00

8% interest as of today = £253.28

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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Amount / Date Incurred / Days Elapsed / Interest

 

£30.00 30/06/2003 1109 £7.32

£30.00 31/07/2003 1078 £7.11

£30.00 12/08/2003 1066 £7.04

£58.00 30/09/2003 1017 £12.98

£30.00 06/11/2003 980 £6.47

£28.00 31/12/2003 925 £5.70

£30.00 11/05/2004 793 £5.23

£20.00 19/05/2004 785 £3.45

£20.00 16/07/2004 727 £3.20

£20.00 21/07/2004 722 £3.18

£35.00 07/09/2004 674 £5.19

£30.00 13/09/2004 668 £4.41

£30.00 21/09/2004 660 £4.36

£28.00 30/10/2004 621 £3.83

£30.00 26/11/2004 594 £3.92

£30.00 06/12/2004 584 £3.85

£30.00 08/12/2004 582 £3.84

£30.00 10/12/2004 580 £3.83

£30.00 14/12/2004 576 £3.80

£28.00 31/12/2004 559 £3.44

£35.00 05/01/2005 554 £4.27

£30.00 10/01/2005 549 £3.62

£30.00 11/01/2005 548 £3.62

£28.00 31/01/2005 528 £3.25

£35.00 08/02/2005 520 £4.00

£30.00 18/02/2005 510 £3.37

£30.00 25/02/2005 503 £3.32

£28.00 28/02/2005 500 £3.08

£30.00 01/03/2005 499 £3.29

£30.00 05/03/2005 495 £3.27

£30.00 07/03/2005 493 £3.25

£30.00 09/03/2005 491 £3.24

£35.00 15/03/2005 485 £3.73

£30.00 28/03/2005 472 £3.12

£30.00 29/03/2005 471 £3.11

£28.00 31/03/2005 469 £2.89

£30.00 06/04/2005 463 £3.06

£30.00 13/04/2005 456 £3.01

£30.00 14/04/2005 455 £3.00

£30.00 15/04/2005 454 £3.00

£30.00 20/04/2005 449 £2.96

£28.00 30/04/2005 439 £2.70

£30.00 17/05/2005 422 £2.79

£30.00 19/05/2005 420 £2.77

£28.00 31/05/2005 408 £2.51

£65.00 08/06/2005 400 £5.72

£30.00 09/06/2005 399 £2.63

£30.00 16/07/2005 362 £2.39

£30.00 19/07/2005 359 £2.37

£30.00 20/07/2005 358 £2.36

£30.00 28/07/2005 350 £2.31

£28.00 30/07/2005 348 £2.14

£30.00 10/08/2005 337 £2.22

£60.00 15/08/2005 332 £4.38

£30.00 17/08/2005 330 £2.18

£60.00 26/08/2005 321 £4.24

£30.00 30/08/2005 317 £2.09

£28.00 31/08/2005 316 £1.95

£69.00 08/09/2005 308 £4.68

£30.00 27/09/2005 289 £1.91

£28.00 30/09/2005 286 £1.76

£30.00 05/10/2005 281 £1.85

£30.00 11/10/2005 275 £1.82

£30.00 25/10/2005 261 £1.72

£129.00 26/10/2005 260 £7.38

£28.00 31/10/2005 255 £1.57

£30.00 14/11/2005 241 £1.59

£28.00 30/11/2005 225 £1.39

£30.00 06/12/2005 219 £1.45

£30.00 12/12/2005 213 £1.41

£30.00 13/12/2005 212 £1.40

£30.00 22/12/2005 203 £1.34

£28.00 31/12/2005 194 £1.20

£28.00 31/01/2006 163 £1.00

£30.00 01/06/2006 42 £0.28

£30.00 22/06/2006 21 £0.14

£60.00 10/07/2006 3 £0.04

£30.00 13/07/2006 0 £0.00

£28.00 31/08/2006 0 £0.00

 

£2,619.00 Interest Total £253.28

 

TOTAL CLAIMED £2,872.28

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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Just sending my LBA now - I'm so excited. :D I'm so far (touch wood) having a really fantastic day. I got paid £500 more than what I was expecting, my Nan sent me a cheque out of the blue for £30 and I'm about to stiff the Halifax for £2600.

 

I might even buy a scratchcard later to celebrate :)

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Woolwich - SUCCESS January 2007

 

 

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The 40 days start from the date they received the letter.

17/5/06 - Halifax -preliminary letter sent

31/5/06 - Halifax - LBA sent

15/6/06 - claim filed

6/7/06 - SETTLED IN FULL £3,306 + £859.95 interest

13/7/06 - Abbey Credit Card - Data Protection Act letter

10/8/06 - Abbey CC Rec £150 gwj £192 oust.

13/8/06 - Abbey CC - prelim letter sent

28/8/06 - Abbey CC - LBA

18/9/06 - Abbey CC - Settled in full - £200 paid

 

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The 40 days start from the date they received the letter.

 

Sorry, did I miss the question? :D

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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Got a pretty standard letter from Halifax today saying thanks for letter of 30th June we will respond by 3rd August latest until then here is a complaints leaflet. I sent my LBA yesterday as had no response was I still ok to do this? - they JUST responded within the 14 days specified in my letter (well 13.5) so our letters crossed in the post - is this ok do you think? And 3rd August - hello? - I said 14 days. They now have til 28 July to get back to my LBA before Moneyclaim commences.

 

They really are a bunch of imbociles.

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You're doing fine...

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Opinions given herein are made informally by myself as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

 

 

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