carla WON CLAIM* NOW mcs debt (flexi-loan)

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Good evening to all

 

I'm BACK!!!

I am returning after a getting my money returned by cheque for the total amounting to £2529.00 I think it's high time I had a look at the same amount of money that I apparently now owe to the MCS for the very debt they tried to claim was my current account o/d and my flexi-loan combined it totalled at £2630.00 what a bloody coincidence that was!!

 

Well I WANT IT BACK or I want them to write it off as i never owe it to them anyway. I was tricked like many of us, to take a loan out to help ease cash flow problems, the only thing was at the time I had been made unemployed and had very lil' options left. That was until, I found this site last february 2006. I got my money, but the journey is far from over.

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can i write asking HSBC to write off my debt, with them? The amount that they refunded me was the total charges on the account. They had already refered me to MCS team. I now pay monthly. I have paid £131.00 so far. The debt amounts to that which they refunded me, surely therefore i can do something so that I am no-longer paying them money that I feel that I no-longer owe them.?

[rockinrodders]

How much was the original debt?

 

Surely if you reclaimed charges, you would have physically had to pay them in the first place or even offset the payment against the outstanding balance?

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How much was the original debt?

 

Surely if you reclaimed charges, you would have physically had to pay them in the first place or even offset the payment against the outstanding balance?

 

 

Original debt was £2,603.00 (ish) combined total of c/a and flexi-loan. They re-paid £2529.00 all charges plus interest. I could have used this to off-set my outstanding debt, but I didn't. They agreed to pay it in a cheque, and I gratefully accepted. The charges that I reclaimed do not take into consideration the £1500 loan, which I was forced to take out to stop spiralling charges, this didn't work because I was paying such high repayment which was automatically taken from my c/a at £60 pcm which I told the bank I could no longer afford. As for P.P.I i opted for it adding a further, £5 and added to this was interest each month £16-18 pcm. Imposssible! What I have already claimed back, is the charges that were applied to my C/A because £60 was taken, it was then transfered back because of insufficient funds in the account and I was charged £30.00 it is only the charges apllied to my C/A that I have claimed back. But the total sum is the combined amount owing and that hasd been refunded.

[rockinrodders]

When you filed your claim for charges, did you enter the charges onto one of the spreadsheets found on this site, because they include sections to reclaim the interest paid on the charges?

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Just Read Janeyb V Lloyds! Wow Amazing The Bank Refunded Charges In Exc Of £7k And Her £10k Loan That She Had To Take Out To Pay The Charges. There Is Hope For Me!!

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Yes I did calculate interest at £8% this was added to the total of my charges.

If i can somehow prove that the flexi-loan was taken out to stop me going further overdrawn on my c/a and on-top of that the interest that was applied to the loan. I didn't mention before that the P.P.I was refunded. This loan goes back to April 05- Oct 06 when the my account was closed.

[rockinrodders]

Sorry, I didnt mean court interest. There are spreadsheets in the templates library for entering both charges and actual interest paid (i.e. the amounts on your bank statement). Then it calculates the interest paid on charges and adds this to your claim. This is added at the first stages and is nothing to do with the 8% court interest which is only added at the court stage.

 

You can try pushing the bank for more money to cover your flexi loan interest but Im guessing they made you sign a 'full and final settlement' agreement before paying out last time.

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I don't know now. I thought I did. I have done the spreadsheet which included charges with the amount that was charged, date incurred, days since offence, interest 8% APR.

 

So for e.g £27.50, 13/08/01 days since offence was 1876, interest at 8% apr £11.35. I didn't sign the agreement because they didn't offer the full amount. I wrote to them :

 

Thank-you for letter. I would like to pint out that in view of offer bla bla bla... I will accept confidential payment by cheque.

 

This includes all recent charges and I have attached a list of these. I trust the matter is clear... yours

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I think I'm going to write to Mr Pretty asking for my statements on flexi-loan. Then I can calculate the interest that I paid on the flexi-loan as this would have been charged to my C/A, the only charges I calculated was the daily interest on my charges, am I write in thinking that's what you menat by interest.. Anyway I shall follow procedure, now with my S.A.R and will let you know if anything else materialises.. Oh and another thing I have applied to experian and am trying to get default removed!!

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Rockin' I've done it wrong!! The interest I didn't include the 'actual interest' oh dear. Now I have to request ALL statements again!! I may wait for them and then begin worrying. I went clicked onto Excel Advanced after going into the Bank Templates, spreadsheets. I need to sort out this mess, and get rid of this debt I'm paying!!