Barclays Bank (merged)

deb54

Hi, I sent my letter to Barclays asking for charges of £2,800 back after sending 6 years statements. I had letter saying they were looking into it and will give me an answer on April 2nd, sure enough, the day cam eand went with nothing so last Thursday i sent them a letter saying I will be taking them to court in 14 days, Im really scared, never done anything like this before. What do i do when the 14 days have gone? just follow the procedure as shown on site?

Leebcoward

YES. Keep going. chances are you will have to go through MCOL but you can add 8% then if that softens the blow....
Good Luck

deb54

thanks for your reply, you must think i'm really stupid but whats MCOL? and the 8% you talk about. I must admit I havent read much about the next stage I go through, Im taking it one step at a time coz im so scared about all this. When you're broke you tend to feel you have no power huh?

Leebcoward

reccommend you watch this...

http://video.google.com/videoplay?docid=9061472225374011135&hl=en-GB

missc_3

deb54 wrote: »

Hi, I sent my letter to Barclays asking for charges of £2,800 back after sending 6 years statements. I had letter saying they were looking into it and will give me an answer on April 2nd, sure enough, the day cam eand went with nothing so last Thursday i sent them a letter saying I will be taking them to court in 14 days, Im really scared, never done anything like this before. What do i do when the 14 days have gone? just follow the procedure as shown on site?

you have to remember none of us have done this before and are going with it.

you MUST read around this site and find out the procedure otherwise you are going to start stressing out - if you read around threads on here you will see your not alone and everyone is doing the same thing

im at court stage but not scared just excited at thought of getting my 3270quid back off tsb

MartialArtMan

deb54 wrote: »

Hi, I sent my letter to Barclays asking for charges of £2,800 back after sending 6 years statements. I had letter saying they were looking into it and will give me an answer on April 2nd, sure enough, the day cam eand went with nothing so last Thursday i sent them a letter saying I will be taking them to court in 14 days, Im really scared, never done anything like this before. What do i do when the 14 days have gone? just follow the procedure as shown on site?

I posted Barclays a letter today informing them I will be taking them to court immediately after previously sending them other letters of a settlement figure and not hearing anything back within the time peiod I set them. Tonight I need to complete the MCOL step of my claim. I didn't want it to go this far but hey ho it has so I'll just have to deal with it. Is there a slight nagging in the back of my mind? A slight apprehension of what might happen? A voice telling me that I shoulda just taken the offer that they gave me? Ya damn right there is! God I never thought I'd be doing anything like this, but I'm not the only one, I'm not the first and certainly won't be the last.

Today I expressed my doubts to my wife about maybe I should've just taken their offer and she said to me "if you owed them money and you said to them "tell you what how about if I just give you this much and we'll call it quits" they'd tell you to get stuffed and send in the bailiffs" She's a wise woman my missus...

So take heed you're not alone, not in the slightest

Smileysunflower

rebekah_cardiff wrote: »

Hi everyone,

i rang barclays today as i have had the additions account for the past 3 years and i asked about downgrading to a regular account but the woman informed me that because i use my overdraft, that i will be charged more than the additions fee in interest becaise i get a preferential rate on the 1st £250 of my overdraft..and with a regular account, the interest will be 15% on any amount of overdraft used ..anyone know if this is correct!

Cheers

Hi Rebekah

I too had Additions, have cancelled it, so am SAVING £14 per month. Unless your overdraft is HUGE, there is no way you would be charged at £14 a month, so don't let them try to frighten you into keeping it. I have an overdraft facility and when I was using it, bank charges approx £4 a month.

If you look on the Barclays website (https://www.barclays.co.uk) it states that authorised overdrafts are charged at 1.22% per month (http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?task=articleFWgroup&value=6294&target=_self&site=pfs)
It's the EAR that is 15.6%.

So, you are paying £14 a month (£168 a year) for the privilege of paying no interest on first £250 of your overdraft. All amounts over £250 are charged at 0.79% per month, EAR 9.9%

Hope this helps

Sue x:rotfl:

MartialArtMan

I was in the same predicament and couldn't work out the sums (unfortunately no one on MSE came to my rescue) so I down graded my account to 1st additions which is £6.50 a month.

ripski

My daughter is over the 40 days with Barclays Who have totally ignored her , except for cashing the £ 10 cheque that she sent She hand delivered letters into the bank to ensure delivery
She has now sent a letter threatening to reportthemsowe'llseeifthat gets anywhere

ginger_spice

Well have sent 2nd letter, their 14 days is up on thursday 12/04/07, so will see if owt comes in post tomoz, or shud I give them extra couple of days with the easter bank hols, what every1 reckon?