Personal Damages

nmcnelis

I'm a financial education worker with Renfrewshire CAB and i commonly help people with their bank charge claims.

I've just had a conversation with a client who is determined to reclaim not only his charges but also damages. I have informed him that a statutory 8% can be added but he is talking about making a claim in the region of £500,000

Obviously this figure is ludicrous but his point is that it would force the bank to show up to court therefore forcing a judgement and setting precedent. I'm assuming that there is some kind of legal reason why this could not happen but not being a legal expert myself i couldn't give him a definite answer.

Was just wondering if anyone could set the record straight on this?

Ta

nickmack

nmcnelis wrote: »

I've just had a conversation with a client who is determined to reclaim not only his charges but also damages. I have informed him that a statutory 8% can be added but he is talking about making a claim in the region of £500,000

Obviously this figure is ludicrous but his point is that it would force the bank to show up to court therefore forcing a judgement and setting precedent. I'm assuming that there is some kind of legal reason why this could not happen but not being a legal expert myself i couldn't give him a definite answer.

If the claim was being made for that amount, it's unlikely the bank would settle out of court.

The judge would require evidence of how these damages are composed and how they relate to the charges. It's unlikely the claimant would be able to provide these and the case would probably not go any further.

Even if by some long shot, he won or the bank paid up, this would not set a precedent in the County Court.