Reclaim Unfair Bank Charges Discussion Area

COPPERHEADJACK_2

Does anyone know how to work out the interest that the banks charge.
I am going to have a go at claiming the interest that was added on to the charges as I would not of paid that portion of interest if they hadn't of put those charges on. Also I wouldn't have gone over my arranged borrowing if they hadn't added charges on then interest at 29.5%.

I need to work out 14.9% pa and 29.5% pa.
after all if the charges are unlawful then the interest on the charges must also be unlawful.

gingertop

can anyone give me advice .i have accepted a settlement on wensday from halifax but the 14 days are up can i still claim the full amount.or do i have to cancel the court claim .if so can i do this on line . what a muppet i am the offer was to tempting but after thinking about it .its my MONEY

Edinburghlass_2

If you have accepted the offer in writing you can't now carry on. Don't cancel the claim until the money is in your account, once it is then phone or email MCOL to say you have accepted an offer and the case is closed.

Twinkly

geoff1057 wrote: »

As advised by Twinkly wrote to Barclays to ask for refunds of all the charges taken from my bank account for an Addittions account that they bestowed upon me not even informing me of charges.After a few phone calls firstly offering me nothing,then offering me 6 months refund which i flatly refused {as they owe me money since 2003} i received a letter from Barclays today saying as follows .........unfortunately the bank cannot justify why you would be eligible for a full refund of fees (i didnt sign anything ask for anything they just give it to me without informing me of any fees!!!!)whilst the bank do not doubt that the additions feature may have been missold to you the fact remains that you have been in regular receipt of quarterly statements that has clearly stated that your account was additions as well as show each monthly fee for this account.You have had ample opportuninty to raise this with the bank to do so (still signed nothing, agreed nothing,only brought to my attention after watching whistleblower ) By your own admission you have failed to check your account statments however it would be unrealistic that such an error would go unnoticed for 3 years (so because i didnt know what that this fee was it was still ok for them to keep my money!!)As well as this our decision is supported by the fact that you have consistently used your overdraft limit the first £250 has been interest free (had an overdraft since i have had a bank account)as this constitutes the use of a primary feature of the additions account the bank remain assured that the offer of a years charges is completly fair and reasonable compromise to bring this matter to a mutually satisfactory conclusion. .............should i still continue to go for my full refund of my charges ? any suggestions (twinkly)?

Looks tricky but I'd personally reject their offer and take this section of their letter and run with it:

"whilst the bank do not doubt that the additions feature may have been missold to you ..."

and run straight to the Financial Ombudsman. Regardless of anything else in the letter they have admitted the product may have been missold. I would let the FO decide whether they should refund in full and the complaint to them is free. Good luck

Twinkly

TheOne wrote: »

... I looked up the POD. What ya reckon this says?...
(The stamped bit)

Looks like it says 'EPOD CHECKED' to me.

System

chomps13 wrote: »

Hi Edinburghlass

Thank you for the above thread, and after reading through how to fill out hte Allocation Questionnaire, I looked back at the papers I have received and realised that they were not the questionnaire,despite the covering letter requesting me to complete the 'enclosed' questionnaire and return. No wonder I was confused!

It is just Defence and Counterclaim forms that I have received, of which I cannot do anything with. Do I contact my local court and request a questionnaire, or do I just sit tight and wait, and if so, ofr how long?

Many thanks for your continued help, you are making a difference to us mere mortals!And sorry for listing 2 separate posts (the one above this one) but I have 3 claims going on at one time. :T

No, don't sit tight! They've obviously just forgotton to enclose the form. On the covering letter it will have a cut off date for the Allocation Questionnaire, so call them to get a form and make sure you get it in before the due date.

You could also go to go to the HM Courts Website and complete the form online and print it. Here's the link:

http://www.hmcourts-service.gov.uk/courtfinder/forms/n149_1105.pdf

Regards
UNDERGROUND

steph2901

Hi everyone, I'm new on here. I claimed £3455 (which is including interest) from HSBC. They ignored my first and second letters so I filled out the court claim and paid £120. Had a letter from the court saying they were going to defend the claim, then yesterday had a letter from HSBC offering £2375. They say they don't agree with paying the interest. I am tempted to take this, what do you think?

Thanks

Steph

cnoelj

steph2901 wrote: »

Hi everyone, I'm new on here. I claimed £3455 (which is including interest) from HSBC. They ignored my first and second letters so I filled out the court claim and paid £120. Had a letter from the court saying they were going to defend the claim, then yesterday had a letter from HSBC offering £2375. They say they don't agree with paying the interest. I am tempted to take this, what do you think?

Thanks

Steph

You are entitled to the interest. If you hold out you will get it. It is only a matter of time. It is extremely unlikely it will get to hearing stage. It depends how desperate you are for the money

steph2901

cnoelj wrote: »

You are entitled to the interest. If you hold out you will get it. It is only a matter of time. It is extremely unlikely it will get to hearing stage. It depends how desperate you are for the money

Has anyone else held out for it from HSBC? I'm really unsure.

Twinkly

steph2901 wrote: »

Has anyone else held out for it from HSBC? I'm really unsure.

The claim is at court stage and you are entitled to interest now on judgement in your favour. Some stats from the first 98 pages of the success thread for your consideration:

HSBC - 115 cases of which:

72 cases settled for less than the amount claimed but for not much less than claimed, presumably without interest
32 cases were settled in full without the need for court and some after the first letter only
7 were settled for more than the claimed amount, no mention of court in these cases and I assume interest was given before court

Of 4 court cases noted:

2 were settled in full by, the bank did not defend and default judgement was awarded after 14 days
1 settled in full after court claim filed
1 settled for less after court claim filed and it was accepted by the claimant

Hope that helps and good luck