Worried about reclaiming bank charges

blinkey

I had about £21k in debts and have done many things so far to reduce them including trading in my precious car for a cheaper one (silver lining: freed up £5k!). Debts now down to £16k. :T
I am now looking to 'do a Martin Lewis' :money: to reclaim bank charges BUT.........
I am on a debt management plan (it was with CCCS but now I'm managing it myself) debts as follows:
Goldfish £8000
1st Direct £4000
Egg £4000

I have recently paid off Capital One; the balance was about £7500 and they settled for £4500, a First Direct acct £100 (didn't budge on settlement!) and a Nationwide acct £1500 (didn't budge on settlement!).

I want to reclaim charges from all of them even though some are paid off. My concern is that if I start the procedure with the ones I am still paying off they might get snotty and cancel the agreement for the reduced payments I am making at present and ask for it all back?????
The creditors I have paid off are not a problem as my business is finished with them.

I remember Martin mentioning on one of his programmes about a 'parachute acct' and this seems to be a similar problem???

Any help gratefully appreciated as any money I can claw back from these people can be turned around to pay them off quicker, ironic huh :rotfl:
Blinkey

Crown

Hi Blinky, and Welcome.

I am in nearly same situation as you as to managing my own DMP. I want to reclaim charges of around £1500 from the Halifax but after advice from people on here nad on the Bank Charges board I have decided not to at present as there isa real risk that they could cancel the DMP and start charging me interest again.

In my case I have 3 accounts with them owing them around 22k. they have stopped my interest at opresent and I am making just token payments of £1 a month on my debt why I get my other accounts in order. I was being charged interest of around £150-200 in interest so If I go ahead and reclaim my charges now and if they restart my charges (what is there right) then I would be back to square one in less than 6 months and actually be worse off.

Sorry for the long reply but the bottom line of it is a total risk if you claim against an account that has its interest frozen. I would advice you to claim back on the accounts that have paid off in the past though as you have nothing to lose. The only thing I can think that may get in the way is if you made an offer of Full and Final settlement they may class your claim as in breach of that agreement.

Good luck with it,