What impact will the OFT have?

esmerellda

So OldWiring - enjoy Choral Practise ?

oldwiring

esmerellda wrote: »

So OldWiring - enjoy Choral Practise ?

Bit like the curate's egg: there are some bits I relish and ther's always the visit to the p*b after. Managed to record your prog, but no chance to warch it tonight, as out at a band concert- daughter this time.:D

esmerellda

lol - link to full prog on bbc now http://news.bbc.co.uk/player/nol/newsid_6470000/newsid_6473700/6473757.stm?bw=nb&mp=rm

nursey07

can i ask a daft question? i sent a letter to my bank on 10th april to claim back my money, does this now mean that i will hardly get anything back or is it for claims that were sent in after the 1st of april?? its a bit confusing, fingers crossed the bank will process it quickly!

Twinkly

esmerellda wrote: »

I agree in some respects and would always encourage people claiming to use their claims to pay of debts...some of which are caused in part by the charges....and use it to get themselves in a position, if at all possible, where they can start over with a new account, organise their remaining debt - if they are having trouble paying to contact people like CCCS and Payplan - and to take the opportunity to get things sorted out - and yes try not to incur future charges. Stop paying everything by direct debit - take control and use standing order / bill payment methods.

Cannot agree more with non-DD payments. Ditch the Direct Debits if you can people !

My consumer debt, modest and neccessary to manage my family needs on a low wage back then, has been magnified tenfold by bank charges simply for theirs and the companies complete and utter inability to know what day it is. I had a stroke three years ago so things get paid regularly when the letters arrive with the payment slips in, rather than me having to remember. So thats ever so handy and I havent had bank charges in a few years now.

All of which has helped me amble through paying debt off steadily and the reclaim of bank charges (estimated at thousands) will leave me in the position I should have been in with enough money to clear the rest of my Barclaycard (current actual debt a few hundred pounds) and spend it on my children. Maybe some fabulous shoes just for me too

It irritates me that companies will charge a fee for non-DD payments but the upside is the regular reminder of a bill due and more importantly no colossal mistakes at the bank for which I pay an outrageous and crippling charge for.

You just cannot put a price on peace of mind and such great reduction of stress in life

bookworm1363

nursey07 wrote: »

can i ask a daft question? i sent a letter to my bank on 10th april to claim back my money, does this now mean that i will hardly get anything back or is it for claims that were sent in after the 1st of april?? its a bit confusing, fingers crossed the bank will process it quickly!

If you stick to your guns, you'll get 100% of your money back. If you let them dictate terms, you'll get less. Up to you, really. I know what I've done so far, 6 times, and I got all of my money back.

jetcat

hi all, just a quick query. if the oft's decision has an impact on the amount that people can claim back, as i am only half way through the process (about to send off 'second 14 day to reply letter') can i claim all the money back on the basis that they were taken from income support (my only other income is disability benefits and child benefit)? hope that makes sense!

muggz

Hi there,

i have three Moneyclaim online claims i am submitting this weekend, what effect could this investigation have on my claims?

I have had no response from the bank for 2 months on my claim request, im guessing they are stalling.

tinkster1949

Sorry, have I missed something, what's the significance of the above date, apart from April Fools day!;-) Is that the date the OFT are due to report back?

ginger_spice

I would like to know that too, does it mean we cant start any claims against the banks, my daughters been on at me for ages to claim my charges back as they are whats making my account OD each month, its hard to manage my disability money when bank is taking £90 a month.