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Lenders to repay £149m after paperwork blunders discovered
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Former_MSE_Michael
Posts: 95 Forumite
"Nearly half a million personal loan and credit card customers are in line for a windfall after lender paperwork errors"
Read the full story:
Lenders to repay £149m after paperwork blunders discovered
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Lenders to repay £149m after paperwork blunders discovered
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Press release from the OFT giving further details is here: http://www.oft.gov.uk/news-and-updates/press/2014/18-14Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Is there any 'unofficial' lists of which banks this applies to. With it being 17, I guess that's pretty much most of them??0
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When and how can we find out the names of the 17 banks and other financial institutions, also what the document errors were. Can we really rely on the banks to contact customers affected?0
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Is there any 'unofficial' lists of which banks this applies to. With it being 17, I guess that's pretty much most of them??
Yes. This is the unofficial list I was given.
Barclays
BoS
Capital One
Citibank
Co-op
Clydesdale
Halifax
HSBC
Lloyds
MBNA
NatWest
Nationwide
RBS
Santander
TSB
Tesco
Yorkshire0 -
I really hope they find something on mine since I didn't qualify for the PPI thing! They're always quick to take the money off us for any minor infarction so I'm glad to see the same level of scrutiny is being applied to them for once.0
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I hope these banks don't take as long to pay out as the CCP refund PPi etc ,is the next store card involved in this also the 0FT is taking too long to sort all this out0
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Do we need to "shake the bottle" to get the banks started? Can anyone suggest a template type letter to start the ball rolling? Or should we leave it to the banks?0
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:money::money:I have just received a letter, from an old bank I am no longer with, advising me that I am due to the grand sum of £14,000. However, the taxman is also taking some of this from the 8% interest they are paying me. That doesn't bother me as banks are not currently paying anywhere near 8% at the moment. Thank you OFT!0
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Good Afternoon Poundwise,
How did you get the ball rolling??
Did you contact the banks yourself and is this for charges going into arrearsand overdraft/missed payments??
Hope you can help?
Kind Regards
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Its a real shame the OFT utterly screwed the pooch when trying to take the banks on over current account penalty fees!
But I guess this is at least something, although it remains to be seen what steps the banks will use to wiggle out of repaying people!
Regards
Mailman0
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