Reclaim Unfair Bank Charges Discussion Area

beverleyt

I want to claim from my previous bank which I left a few months ago. Is this possible or does it have to be your present bank?

Rex_Mundi

beverleyt wrote:

I want to claim from my previous bank which I left a few months ago. Is this possible or does it have to be your present bank?

You can claim from any account you've held (open or closed now) for the last 6 years in England/Wales or 5 years in Scotland.

newcook

kelbird wrote:

Newby here !! Hi to everyone.
I have considered this action for a while now. I am with Halifax and when I was poor they robbed me which escalated until I lost my current account and was downgraded to a solo card. Had money problems and the last thing I needed was Halifax charging me £30 every 5 mins. Halfax credit card was the same - I have an agreement with them at the moment where my interest has been frozen. Shall I write to them both? There is a good few hundred pounds in charges but I guess I worry about having to get another bank account in light of my credit rating. Is it possible just to get a basic account with no credit search? Thanks for the support and your advice.
Kelly

I think I have read somewhere either on here or on CAG that where the banks have put a bad mark on the credit rating for when they have charged you you can tell them to remove this so theoretically should perk up your credit rating :T can any one confirm this?

wannabee_saver

I am always reading up on this article and the more and more I read into it the more it makes me want to start the ball rolling on this.

I am however a little apprehensive, probably like most before they started it, with regards to the whole process, I regularly incur charges as I struggle to get out of my overdraft and thereofre incur these crazy fees.

The part of it that worries me is
(a) the bank closing my account and affecting my already poor credit rating/score
(b) It all goes a bit pear shaped and I'll lose in court having to pay out more and then have a bad rep with the bank anyway.

Any help or advice with this would be great.

Thanks

Wannabee Saver

Rex_Mundi

Hi wannabee saver

Welcome to MSE.

It's natural to feel apprehensive at the beginning of your claim. Don't worry too much. If you follow the steps set out in Martins article carefully, you shouldn't have too much of a problem. You can always come back to the boards for support at any stage of the process.

Regarding the bank closing your account. Some banks do this, and some don't. If possible, at the early stages of claiming back, it's best to open a different account with another bank if possible (just in case).

Going to court. Every time you issue a court claim, there is an element of risk that you may lose. With these claims 99% of banks are settling before it gets to the court hearing. You would be extremely unlucky if you were in the other 1% (not too much chance)

Go for it!!!

Edna_Bucket_2

Rex_Mundi wrote:

...Going to court. Every time you issue a court claim, there is an element of risk that you may lose. With these claims 99% of banks are settling before it gets to the court hearing. You would be extremely unlucky if you were in the other 1% (not too much chance)

I'm sorry to say it, but that is almost the most foolish advice I've yet to see on MSE.

As I've mentioned before, you should NEVER issue a claim against anyone unless you are 100% prepared to go through with it and go to Court if necessary.

Saying that "oh 99% of them settle" just because that is largely what has happened thus far is absolutely no guide at all to the future - particularly since the trickle of these cases is now rising steadily, thanks to the publicity of MSE and other sites.

The banks cannot afford to let it become a flood, and at some point they will fight back and do so viciously. We've already seen that a bit with closing accounts and the alleged underhand tactics of trying to damage peoples' chances of opening another account.

THAT IS JUST THE START.

The imminent end of free banking is no doubt partly conected to this issue also, and that's just one line of attack.

Please do not ever make such flippant remarks about Court proceedings again - it does you and MSE a disservice.

Rex_Mundi

I dont see the problem with the advice.

Every time you issue a court claim, there is an element of risk that you may lose.

This is a fact

With these claims 99% of banks are settling before it gets to the court hearing.

This is also a fact.

What's the problem with stating facts? Although the second point may change at some stage in the future. It still holds true for the vast majority of claims going through at the moment.

SHiNE_3

Hi there, I have my court date set and I'm all ready... just wondering... does anyone know if anyone has actualy lost a case like this before?
A little nervous
x

Red_Panda_2

I have received 75% of my money back from Nationwide, they are now filling in a defence to say they have paid the full amount according to their calculations - this seems to be the latest thing with Nationwide. So this could now go on a while while they defend and I counterclaim. Seems to be happening a lot over on CAG.
When you approach them they seem to be very reluctant to show you how they arrived at the figures they are paying though??? Mmmm strange!!

So people do need to be sure of A-their figures and B- they are happy to complete the process, as it does get a bit tricky now and there is a change of meeting in court.

clarenic

Having submitted my Moneyclaim x 2 last night, I looked on the website to see if the status had changed from received. It now says 'Issued' and under 'Judgment' it says 'Start'. Do I need to do anything? I'm too scared to click on start in case I mess it up!

Thanks very much.

Clare