Bank Charges - illegal?

somefriendlyuk

hi moneysavers, i have been reading these threads with great interest. i run a small buiness and cash flow is always a problem (well i'm the problem-rubbish with money-but i'm getting better with help from mse)

Over the past 6 years i must have had hundreds of charges from the halifax-the thought of getting them back is great but as expressed by someone else i'm afraid they may close my account. I have poor credit and only use a halifax cardcash account -ie no cheque card or overdraft-I can do this because my name and business name are almost the same.
I also noticed that they chaged me (£35)for not having the funds fo a standing order i have to a little known charity (£5-00 a month to the pulmonary hypertension !!!!!!.)-this was very anoying especialy as a cheque was clearing for a couple of grand the next day!(cheques take 6 days to clear -increase from 4 not so long ago)
again -i'm afraid that my account would be closed -is it possible? I could always open another of this type of account with another bank first offcause-what do you think out there -should i go for it ?

aliyah

hi, just wanted to say that following the advice on here, i have posted the recommended letter to Lloyds TSB re illegal charges.

i have often been charged for failed DD and cheque clearance etc but after reading MSE advice, began to calculate just how much.
i only have statements back to july 2002, but charges since then come to £1080.98!!!

when my son had major surgery and i had to leave my job, i informed Lloyds every step of the way, and let them know that my income would reduce.by then i had an overdraft of about £300.
because of a problem cancelling AOL, I have had several returned DD and other charges added since then. whenever i did pay into the account the OD charges swallowed everything up.

i finally got the bank to allow me to repay at £8 a month, as I no longer use the account.
but the trouble I have had with this agreement, i wouldnt wish on anybody.
so many different staff have called contradicting the agreement. and while paying £8 a month in to the account at their request, i have been consistently charged £16, so am always taking 1 step forward and 3 back!! :wall: :wall:
they frequently demand larger payments just to meet the agreed OD limit again, then add another charge :mad:
i have not missed a single payment and have visited my branch and phoned about every difficulty along the way...yet now have an OD of £800

(sorry, had to get all that off my chest!)

so...basically i am ecstatic that something can be done, i would never have dreamt of tackling them about unfair charges.

will post when i get a reply ...watch this space.
aliyah

ali82

dchurch24
I was just browsing this site and I just read your post from back in april 2005, WOW; hasn't your knowlage improved since then!

dchurch24

Just a bit!!!! I've been reading legal books ;-)

(can you point me at the post - it could be funny to read!)

ali82

http://forums.moneysavingexpert.com/showthread.html?t=44130&highlight=credit+repair

dchurch24

Wow - that was nearly a year ago.

How time flies when your having fun getting all your money back ;-)

What you sent me there was the catalyst that started it.

That bank gave in so easily that I though I must be on to something. In my letter to them I said that I find it hard to believe that what they are doing is legal.

I thought that must have touched a nerve, so I investigated it some more - and the rest is history, as they say.

Narva

Hello can someone please point me in the direction of a letter to send my credit card company, they have slapped a 25.00 late fees on my bill, i have rang them, and they have refused to talk to me ref refunding the charges as soon as i mentioned that under the consumer act they could not enforce it, if i refused to pay. I need to send a letter please, see if they take notice of that.

has any one had any luck with HSBC?? i worked out i am owed £1,416 back in charges. I have given 14 days notice if not i will start legal proceducing. This does fill me with fear, as i have never done any thing like this before, and not in the postion to loose the court fees.

ali82

http://idigital.vm.bytemark.co.uk/bag/forum/viewforum.php?f=15&start=0&sid=7499eb7b8869b82dd66330b157857b3b

jinx_uk_98

Hi Guys,

Well after just 2 letter Barclays have offered me, as a gesture of goodwill, £950 (50% of the claim).

So I accept it or carry on? If I carry on what should me next step be?

thanks for the great advice so far

digp

jinx_uk_98 wrote:

Hi Guys,

Well after just 2 letter Barclays have offered me, as a gesture of goodwill, £950 (50% of the claim).

So I accept it or carry on? If I carry on what should me next step be?

thanks for the great advice so far

Doesn't that tell you something?