NatWest (merged)

Rex_Mundi

mactheinsomniac wrote:

Am I also able to claim the interest that has been added on to my unarranged o/d and if so ,how do I work it out eg arranged o/d £3100 but balance currently £6100 o/d, therefore can I claim the interest back on the unarranged borrowing of £3000 because Natwest are hammering the interest on ?

You can't normally claim any interest charged because of going overdrawn (either on arranged or unarranged OD). The only part of your interest you could claim for is any interest caused by the unlawful charges. Working out the amounts of interest caused solely by the charges can be very very difficult, especially if you have added to the overdrawn amount by overspending yourself.

You would also need to know the exact rates of interest the bank charged on the overdraft. This could be anywhere between 1.5% to 29.9%. This rate could also have fluctuated, making the job of working out the sums involved more difficult.

Generally, I would say that it's better to keep your claim simple and stick with figures you are sure about. This normally means not bothering about the interest.

mactheinsomniac

Hi Rex,
Thanks for the prompt reply , I was lurking in BSC thread.

I did wonder if it would prove too difficult but was hopeful I would be able to sort something out.

The charges on interest alone add up to £1000 +just for this year which is heartbreaking considering that over half of my o/d is down to charges that the bank levied on me.

Do you have any idea what I should do re the charges continuing to mount up ?

I have posted on the CAG site but as yet I havent had any clues as to what to do.

Natwest have a charging order on my jointly owed home that is eating our equity away and I am considering Bankruptcy as a soloution.

My OH was Bankrupt 2 years ago hence all my financial problems. I used all my spare cash ,and families,to buy his interest in our house so we wouldnt have to sell because of the kids.

The loan. o/d all went into that pot..... Desperate measures.With hindsight ,maybe the wrong choice of funds.

Thanks for your time and reply
Mac

xnetco

Morning All,

Just to let you know I've heard back this morning and they are happy to refund everything after the second letter, lovely, nice start to a new year!

Tim

Silverstar

Hi, I wonder if any experts on here could give me a few pieces of advice.

I've been going through the process of claiming back charges from Natwest. I was given two partial offers which I refused, then I made a higher partial offer which was ignored by the bank. After the deadline for that was up, I started the court process through Moneyclaim.

This morning, I received a letter from the bank offering me the full £1238 that I had asked for. This does not include interest or court fees, as the letter is dated the day after I started the court process, and I doubt they would have been served with the claim by then.

I'd like to take this offer, but I'm unsure of a couple of things.

1) How do I go about cancelling my claim? Do I do it through Moneyclaim, or do I need to phone the court, or is there another way?

2) If I take this offer, do I lose the £120 that I paid to the courts, as it is not included in the money that Natwest are offering to refund?

3) Do you guys think taking the offer is the right thing to do? Would you keep pushing for the interest and court fees too?

Thanks for any help.

Ruby_Pudding

A bit of good news to all who are claiming from Natwest....

Sent first letter in November asking for £1279 to be refunded - standard 'We have done nothing wrong' letter back 3 weeks later. !st December I sent my second letter with approx £100 interest fee on top.

Realised I'd heard nothing but was willing to let everything lie until mid Jan because of Christmas. Received a letter this morning offering refund of full £1379, no quibble, no threat to shut down account. Am absolutely thrilled.

Many thanks to all those who have gone before and offered advice and encouragement.

JooJoo_3

Hi

I recently applied for my charges back from Natwest. After a few letters I was forced to begin the court process.
Natwest have replied and intend to defend the claim in full. This has worried me a little, but I intend to see it through.

Can anyone advise me on this situation and what will happen if I do actually have to go into court to face the bank. What do i need to do now? do i just wait for the court date or do i need to prpare for anything?

Many Thanks

Gavin

Rex_Mundi

You will hear from the court next. They will send you an Allocation Questionnaire to fill in, and tell you which court your hearing will be at (if you applied online).

Don't worry too much yet. I recently got as far as the AQ stage with Natwest, and was happy to go to a hearing. Before the court had set a date for the hearing, Natwest sent a cheque for the full amount of the claim (over £3300).

JooJoo_3

Thanks Rex, that's reassuring.

I'm keeping my fingers crossed, they owe me £2987 plus court costs. I'm quite happy to go to court too if need be as I doubt they will chose me to be there test case. Heres hoping to letter from them soon :-)

jillie1974

1 day to go and still havent heard anything
next letter is ready to be printed!

Energised

Energised wrote:

Ok so my moneyclaim form has been issued! . Wish me luck (Massive thanks Rex for all your help).

Just so I know, they get 14 days to acknowledge receipt and then a further 14 days to do something about it once receipt is acknowledged? Or is it 28 days once receipt is acknowledged?

Anyone?