Claimed interest on refunded bank charges

james32_uk

I know about consumeractiongroup forum but wanted the advice of people on here too.

I'm claiming back charges from 6 years over two credit cards. The first I successfully received an offer of a full settlement after only two letters - the second is proving more difficult and it's time to actually file my court claim.

My question is around the 8% interest I can add to my claim at this point. Is this 8% on the every charge since it's application on my account or is it only on the total since my initial request for a refund of all charges?

Thanks for any help of comments.

lynzpower

JAMES

its 8% for each charge from when it was levied. theres a spreadsheet on the CAG ( somewhere in FAQs I think) for working this out.

Ie you put the date it was charged & how much & it works out the interest for you

james32_uk

Thats what I thought to be honest. So, why did Nathal post the opposite here? http://www.consumeractiongroup.co.uk/forum/mbna/36157-james23_uk-mbna-alliance-leics.html

fatboy88

I wasnt sure about this but as i've seen your doing it, it makes it easier for me to do the same thing when my IVA is set up

thanks

mummyemma

The 8% interest is added per charge leived from the account. As other have said there is a spreadsheet for it. Very easy to use but bit time conusing as you have to list each charge, the amount and the date it was applied.

You will need to give the court a copy of this aswell. Thats what i did when one of mine went to court, and i got it all back.

Good Luck

Emma

crawley_girl

Follow the guidelines on CAG. There is a paragraph that you cut n paste into the 'particulars' of the claim and includes a bit about calculating daily interest from date of claim to them actually settling. Good luck

:heartpuls CG :heartpuls

james32_uk

Thanks Guys

fatboy88 wrote:

I wasnt sure about this but as i've seen your doing it, it makes it easier for me to do the same thing when my IVA is set up

thanks

There's no probs with you claiming charges after your IVA is set up. But beware that you're likely to have to put the money into your IVA fund and you probably wont benefit unless youre like me and have a fixed extra payment to find at the end of the IVA.

fatboy88

james23_uk wrote:

Thanks Guys



There's no probs with you claiming charges after your IVA is set up. But beware that you're likely to have to put the money into your IVA fund and you probably wont benefit unless youre like me and have a fixed extra payment to find at the end of the IVA.

is that because you own property? i dont have anything like that.

james32_uk

It's because I had to modify my pence in the pound up from 31% to 35%, which added an extra £3,200 onto my IVA. As it was a modification I could pay this amount anyway I wanted over 6 years so knowing I'd be getting bonuses and stuff from work that I'd have to pay into my IVA anyway, I'm paying it off in lump sums as I go.

lynzpower

james
ive no idea why hes writetn that, sounds like a very compolicated way of doing it.

Additionally, youll need ( not really, but in theory) to be able to prove how youve come up with the figure. This sum hes put looks complex & long winded and may shoot you in the foot.

Id carry on as per the FAQs.