Claim back any unfair bank charges! Article Discussion Area

bookworm1363

AdamBS wrote:

So, this means i won't need the Interest Calculation Spreadsheet until it goes to court? I got a different impression when reading through the main article on this site. It says to work out the 8% in the spreadsheet in step 2, which is way before it gets to court...

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1141050760,24632,

The above is misleading. You could calculate it then, while you're waiting, so to speak... But you can NOT claim the 8% APR until you file claim in County Court. The relevant legislation is S.69 of the County Court Act (can't remember year right now).

beckie1984

hi

can you help me, i have read about getting your money back for unfair bank charges and i would like to do this but i closed my account a few months ago, so i want to know if i can still cliam back this money?

bookworm1363

beckie1984 wrote:

hi

can you help me, i have read about getting your money back for unfair bank charges and i would like to do this but i closed my account a few months ago, so i want to know if i can still cliam back this money?

Yes. Go for it.

JulianPeterson

I entered Judgment using Moneyclaim.gov.uk against Natwest on 27th June for a 20 "late payment charge" plus issue cost and interest.

I received a cheque in settlement today, no apology of course but the following text:

"We believe that your Particulars of Claim disclose no reasonable grounds or cause of action against the Bank. However, we believe that, given the amount of your alleged claim, it is not commercially viable nor cost effective for the Bank to defend this claim.

Therefore, I am writing to advise you that the Bank is prepared to pay you the full value of your claim being 50.25. Therefore, we enclose a cheque in the sum of 50.25 in full and final settlement of these proceedings. Please note that payment is made with no admission of liability and subject to your agreement not to court publicity, or disclose or refer to any third party, the background to this matter, and also to keep the terms of this settlement strictly private and confidential."

There are 2 clear lessons here:
i) Keep your claim as small as possible as indeed the costs of fighting it are greater than paying it.
ii) Ignore bank letters which attempt to impose conditions which they have no right to do.

DaringDon

Hello people, first post........some brilliant advice on this site.

My question is short and sweet and apologies if it has already been asked (didnt fancy wading through 50 pages of postings). Do people in Scotland follow the same process for reclaiming bank charges?

Thanks people

beckie1984

bookworm1363 wrote:

Yes. Go for it.

can you help me find the right letter for me to send to my bank asking for them to send me a copy of my bank statements, so i can find out how much they owe me.

i am so confused.

asharon

beckie1984 wrote:

can you help me find the right letter for me to send to my bank asking for them to send me a copy of my bank statements, so i can find out how much they owe me.

i am so confused.

Go to

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/

asharon

For a creidt card should I use "Credit/Store Card Letter Template (thanks Bookworm01036)" at Consumer Action or modify the "Letter - Preliminary approach for repayment." ?

This is for the first stage after receiving my statements.

beckie1984

asharon wrote:

Go to

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/

thank you for that, i have fount that now but could you help me with another problem, i have got all of my credit card statements and i added all of the late payments and over limits charges and they come to £456.00 so how do i fill in this part of the letter:-
I calculate that you have taken £XXXXX plus £XXX which you have charged me in interest for the sums which you have taken. Total £XXXXX

what do i put for where i have to fill in the money?????????

i am confused

asharon

I changed it to "I calculate that you have taken £xxx in total."