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6 Year Timeline

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HEADACHE
HEADACHE Posts: 144 Forumite
in Reclaim bank & credit card charges
Hi Martin,can you tell me where the 6 year deadline came from regarding claiming back bank charges? Is it laid down in law? Is it a statuatory rule that all debts can be claimed back only as far as 6 years? :j

Ive heard than the Inland Revenue can go back 30 years in some instances regarding capital gains tax:eek:

Ive got all my bank statements dating back 20 years and I'd like to claim back several thousand pounds from one of the banks that I banked with in the 1990's.:mad:

The charges amount to thousands of pounds,will a claim be simply rejected because its over 6 years old? :confused:

Thanks in advance :T
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  • LozBingley
    LozBingley Posts: 580 Forumite
    HEADACHE wrote: »
    Hi Martin,can you tell me where the 6 year deadline came from regarding claiming back bank charges? Is it laid down in law? Is it a statuatory rule that all debts can be claimed back only as far as 6 years? :j

    Ive heard than the Inland Revenue can go back 30 years in some instances regarding capital gains tax:eek:

    Ive got all my bank statements dating back 20 years and I'd like to claim back several thousand pounds from one of the banks that I banked with in the 1990's.:mad:

    The charges amount to thousands of pounds,will a claim be simply rejected because its over 6 years old? :confused:

    Thanks in advance :T

    Fortunately we are not dealing with Capital Gains Taxes (or is the unfortunately :confused:)

    Unfortunately, in this case, its only 6 years :cry:
    Got It & Spent It :dance:
    IKEA CARD = £120 charges = £175 received (146%)
    MARBLES = £450 charges = £370 received (82%)
    I.F. = £494 charges = £494 received (100%)
    CAPITAL ONE = £981 charges = £1,489.03 (152%)
    BARCLAYCARD = £580 charges = £786.12 (136%)
    On Hold :mad:
    A+L = £722 charges (target = 147%)
    BARCLAYS = £1,405 charges (target = 128%)
    BARCLAYS = £175 charges (target = 140%)
    ABBEY = £3,220 charges (target = 148%)
  • Beate
    Beate Posts: 3,522 Forumite
    Part of the Furniture Combo Breaker
    Could I refer you to Twinkly's post at the end of this thread:http://forums.moneysavingexpert.com/showthread.html?p=5572490#post5572490
    Reclaimed thanks to this site:
    £175 Abbey Mortgage Repayment Fee, £170.03 Capital One Bank Charges £418.07 Lloyds TSB Bank Charges, £2,671.55 Mis-sold Endowment Policy, all for OH
  • Stephen_Leak
    Stephen_Leak Posts: 8,762 Forumite
    1,000 Posts Combo Breaker
    It's the Statute of Limitations Act 1980.
    The acquisition of wealth is no longer the driving force in my life. :)
  • Edinburghlass_2
    Edinburghlass_2 Posts: 32,680 Forumite
    10,000 Posts Combo Breaker
    In fact as you have all your statements you are half way there because part of the problem of claiming back more than 6 years is actually getting the information from the banks.
  • Twinkly
    Twinkly Posts: 1,772 Forumite
    Stephen_Leak wrote: »
    It's the Statute of Limitations Act 1980.

    EEEk!! A spelling nazi :p

    Duly corrected and thankya kindly for pointing it out :rotfl:
  • Beate
    Beate Posts: 3,522 Forumite
    Part of the Furniture Combo Breaker
    In fact, Twinkly, do you remember that girl who claimed for 10 years and won? Kate something? Too lazy to search right now. :)
    Reclaimed thanks to this site:
    £175 Abbey Mortgage Repayment Fee, £170.03 Capital One Bank Charges £418.07 Lloyds TSB Bank Charges, £2,671.55 Mis-sold Endowment Policy, all for OH
  • Edinburghlass_2
    Edinburghlass_2 Posts: 32,680 Forumite
    10,000 Posts Combo Breaker
    I couldn't find it last night Beate, I did do a search :(
  • Edinburghlass_2
    Edinburghlass_2 Posts: 32,680 Forumite
    10,000 Posts Combo Breaker
    But I found it now :)

    http://forums.moneysavingexpert.com/showthread.html?t=404884
  • Beate
    Beate Posts: 3,522 Forumite
    Part of the Furniture Combo Breaker
    That's the one I meant, thanks! There is no harm in trying, Headache!
    Reclaimed thanks to this site:
    £175 Abbey Mortgage Repayment Fee, £170.03 Capital One Bank Charges £418.07 Lloyds TSB Bank Charges, £2,671.55 Mis-sold Endowment Policy, all for OH
  • Twinkly
    Twinkly Posts: 1,772 Forumite
    Thanks for finding the post Edinburghlass :kisses3: and apologies to you both, I've only just revisited posts. Yes Beate I do remember, pretty inspirational stuff. :)
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