LLoyds refusing to refund charges..

edited 30 November -1 at 1:00AM in Reclaim Bank & Credit Card Charges
2 replies 1.5K views
barr182barr182 Forumite
51 Posts
edited 30 November -1 at 1:00AM in Reclaim Bank & Credit Card Charges
Between 2008-2009 I payed well over 1000 pounds in overdraft charges. Each time a charge went out my account, it snowballed and over the months caused me to become more and more over my limit. One charge was in excess of £230 for the month.

I sent a couple of letters to Lloyds , and made a few phone calls about reclaiming these charges.

After the court case in which charges were ruled legal, i received a reply basically saying Lloyds are not going to return a penny.

Ive been in my overdraft ever since those charges started. That was around 4 years ago.

Now im 24, I work hard full time but living alone, Im finding it difficult. At one point I was £1700 overdrawn, which is the most ive ever been.

My question is, can I still push to reclaim these charges? Do i have anymore options? I can handle paying £5 a month for the luxury of an overdraft. But £230 a month? I got the impression it was the end of the road for me, and almost forgot about it till a friend was talking about the 000's he had claimed back.

Replies

  • dunstonhdunstonh Forumite
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    My question is, can I still push to reclaim these charges?

    You can ask and they can say no. Thats about as far as you can push.
    and almost forgot about it till a friend was talking about the 000's he had claimed back.

    The banks will be more sympathetic for financial hardship cases. i.e. those with debts in arrears and in a sprial of charges and only living on basics. If you have a mobile phone bill coming out of your account each month, sky, restaurant bills etc then forget it. If you are basics and suffering then use hardship as the reason. DO NOT MENTION UNFAIR in your complaint.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Premier_2Premier_2 Forumite
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    barr182 wrote: »
    Between 2008-2009 I payed well over 1000 pounds in overdraft charges. Each time a charge went out my account, it snowballed and over the months caused me to become more and more over my limit. One charge was in excess of £230 for the month.

    I sent a couple of letters to Lloyds , and made a few phone calls about reclaiming these charges.

    After the court case in which charges were ruled legal, i received a reply basically saying Lloyds are not going to return a penny.

    Ive been in my overdraft ever since those charges started. That was around 4 years ago.

    Now im 24, I work hard full time but living alone, Im finding it difficult. At one point I was £1700 overdrawn, which is the most ive ever been.

    My question is, can I still push to reclaim these charges? Do i have anymore options? I can handle paying £5 a month for the luxury of an overdraft. But £230 a month? I got the impression it was the end of the road for me, and almost forgot about it till a friend was talking about the 000's he had claimed back.

    What does your friend suggest?

    Maybe you could invite your friend on here and allow his to share his wisdom on how to successfully reclaim 000's in bank charges.

    I'm sure many MSEers would really appreciate the advice he could give in this matter :)
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
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