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Reclaim Unfair Bank Charges Discussion Area

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  • cyberman_3
    cyberman_3 Posts: 230 Forumite
    Any questions about who to contact CLICK

    http://www.missellingjustice.com/bank-charges/links.aspx
    The Winner Takes it All
  • ksmarie
    ksmarie Posts: 1 Newbie
    hi, im in the process of claiming charges back from Lloyds. Ive had all my last 6years statements returned to be and they add up to just over £6,000!!! Does anyone know if this is too much to try to claim back..im very worried..help!
  • firebirds
    firebirds Posts: 1 Newbie
    BSJWright wrote: »
    Originally Posted by Larralacha
    So, on top of unlawfully charging us and then taking forever to give us our money back, they are also fiddling the tax man. Doesn't the ordinary man on the street get sent to prison for these type of activities?
    The banks would have classed the charges as revenue, and so this would, along with the rest of their revenue have been subject to corporation tax after expenditure. Therefore any refunds given to the consumers would actually benefit the banks in a small way since they will pay less corporation tax next time due to the fact that the refunded charges will hit their profits. So actually they aren't defrauding the taxman (although I'm sure they try to maximise as many loopholes as possible... :rolleyes: )


    Sure the banks class this as revenue even though the figure is monopoly money. But, it's false revenue they reclaim. They could make up any old figure, charge the customer and then say it was a bad debt. This means that any business with a bad debt can add charges ad lib and claim the total back thereby reducing their own corporation tax liability. If the Inland Revenue caught a company doing this, all hell would be let loose.
    Why do they allow banks to do it.
  • cyberman_3
    cyberman_3 Posts: 230 Forumite
    ksmarie wrote: »
    hi, im in the process of claiming charges back from Lloyds. Ive had all my last 6years statements returned to be and they add up to just over £6,000!!! Does anyone know if this is too much to try to claim back..im very worried..help!

    Problem is that in the County Court you have a £5000 limit.

    You should reduce to that figure
    The Winner Takes it All
  • blue_meany
    blue_meany Posts: 45 Forumite
    cyberman wrote: »
    Problem is that in the County Court you have a £5000 limit.

    You should reduce to that figure

    Yes, but do not forget that this is your money which has been unlawfuuly taken from you.
    Why should you let them get away with over a grand of your money?
    Push for the lot threatening court action as well, but the final decision is yours. Take the easy route and probably settle for 5k or a little extra work for what you are owed.
    Keep right on!!
    Keep right on!!
  • cyberman_3
    cyberman_3 Posts: 230 Forumite
    blue_meany wrote: »
    Yes, but do not forget that this is your money which has been unlawfuuly taken from you.
    Why should you let them get away with over a grand of your money?
    Push for the lot threatening court action as well, but the final decision is yours. Take the easy route and probably settle for 5k or a little extra work for what you are owed.
    Keep right on!!

    I agree 100% with you, trouble is it could cost more than the £1000 to persue a claim outside the County Court system
    The Winner Takes it All
  • debt_beater_bexs
    debt_beater_bexs Posts: 14 Forumite
    ksmarie wrote: »
    hi, im in the process of claiming charges back from Lloyds. Ive had all my last 6years statements returned to be and they add up to just over £6,000!!! Does anyone know if this is too much to try to claim back..im very worried..help!
    Definetley go for it. I read a thread a while ago which gave a very helpful tip of spliting the claims so that none are over the £5000 mark and will therefore be heard in the small claims and not liable to cost.

    Good luck
  • bubbles_darling
    bubbles_darling Posts: 13 Forumite
    Hi peeps

    just looked at my claim on MCOL and it says "jugdement halted" and cannot go any further on line. But have'nt had any questionaire come through the post. shall i just sit and wait!!!!

    thanks bubs
  • MimiJane
    MimiJane Posts: 7,989 Forumite
    Part of the Furniture 1,000 Posts I've been Money Tipped!
    bubbles_darling wrote: »
    Hi peeps

    just looked at my claim on MCOL and it says "jugdement halted" and cannot go any further on line. But have'nt had any questionaire come through the post. shall i just sit and wait!!!!

    thanks bubs

    Presumably you've had the bank's defence come through the post? At this point, MCOL ends and everything is done by post from now on. Just sit and wait for a court date, at which time you may learn whether or not you have to fill in an AQ. They seem to have been dispensed with, but in some cases, they're still being asked for by the local court when proceedings are transferred.
    Wins since 2009 = £17,600

    MANY THANKS TO ALL OPS
  • cyberman_3
    cyberman_3 Posts: 230 Forumite
    If your bank has any doubts that you are wrong and they are right, send them to this link
    http://forums.moneysavingexpert.com/showthread.html?p=5109893&posted=1#post5109893

    For all you people contacting Barclays Bank, the link below
    shows their own staff admitting the charges are wrong.
    It will serve as a gentle reminder to them. A Barclays manager states that to bounce a cheque costs £1.50 - £2.00 and they charge customers £30 - £35
    The video starts with an ex employee of the Yorkshire Bank
    whose job it was to cost every item. No more than £2.00 to bounce a cheque !

    Suffice to say that the Yorkshire Bank refused to comment ..... what a surprise !!!!!

    PLEASE REMEMBER:
    The law is plain: any charges banks levy on their customers must be proportional to the actual costs.
    THIS MEANS IF THE COST IS £2.00 THAT'S WHAT YOUR CHARGE SHOULD BE
    Penalties which make profits are unenforceable at Common law and The Unfair Terms in Consumer Contracts regulations 1999
    ANYTHING ABOVE THE COST CANNOT BE CHARGED AND THE BANK IS IN BREACH OF THE LAW THEREFORE MAKING THEIR CHARGE ILLEGAL
    A SIMPLE CALCULATION: £2.00 turns into £30.00 = 1500% MARK-UP

    TYPICAL BANK CUSTOMER
    http://www.youtube.com/watch?v=POxbTPd4epQ

    Whistleblower: Barclays Bank - Penalty Charges
    http://www.youtube.com/watch?v=IBsLJFk9FY0

    BBC TV Bank Charges Story
    http://www.youtube.com/watch?v=VWORf2Nu6Cg

    The Big Bank Claim Back
    http://www.youtube.com/watch?v=EsnArGGQziA

    You need broadband to view these videos. On first view it may stall and stutter depending on your connection speed but it is being saved to your temp file so on second play, it will work fine.

    Regarding the Whistleblower video on Barclays, does anyone know if this would be allowed in court ?
    The Winner Takes it All
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