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Reclaiming late payment charges.
conger007
Posts: 217 Forumite
Hi,
I am currently off work sick so I have some spare time to sort those things out I normally wouldn't get round to. I have sorted through my old credit card statements and have most of them going back over 10years for MBNA and Barclaycard. There are many late payment charges of £12 post 2006 and many above that figure pre 2006. I have looked through Martins guide and he mentions the six year rule. I had previously thought that the six years was the length of time the banks legally had to retain your records. Having read the guide again it would appear that we can only legally reclaim back to six years. Is this correct or can I try and reclaim the pre 2006 ones using my statements.
With regard to the post 2006 £12 ones is it worth trying to reclaim those i.e is there a good chance of success. I have already mostly cleared the balances so could not argue current financial hardship, although at he time of the charges I was struggling to meet payments on CCs and bank overdrafts.
Thirdly, as I have most of the statements is it worth skipping the first stage (data request).
Conger
I am currently off work sick so I have some spare time to sort those things out I normally wouldn't get round to. I have sorted through my old credit card statements and have most of them going back over 10years for MBNA and Barclaycard. There are many late payment charges of £12 post 2006 and many above that figure pre 2006. I have looked through Martins guide and he mentions the six year rule. I had previously thought that the six years was the length of time the banks legally had to retain your records. Having read the guide again it would appear that we can only legally reclaim back to six years. Is this correct or can I try and reclaim the pre 2006 ones using my statements.
With regard to the post 2006 £12 ones is it worth trying to reclaim those i.e is there a good chance of success. I have already mostly cleared the balances so could not argue current financial hardship, although at he time of the charges I was struggling to meet payments on CCs and bank overdrafts.
Thirdly, as I have most of the statements is it worth skipping the first stage (data request).
Conger
Winnings 2007 = £463 winnings 2008 = £3000
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0
Comments
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The article is correctHi,
I am currently off work sick so I have some spare time to sort those things out I normally wouldn't get round to. I have sorted through my old credit card statements and have most of them going back over 10years for MBNA and Barclaycard. There are many late payment charges of £12 post 2006 and many above that figure pre 2006. I have looked through Martins guide and he mentions the six year rule. I had previously thought that the six years was the length of time the banks legally had to retain your records. Having read the guide again it would appear that we can only legally reclaim back to six years. Is this correct or can I try and reclaim the pre 2006 ones using my statements.
If you think they are unfair, definitelyWith regard to the post 2006 £12 ones is it worth trying to reclaim those
Only a court can decide if they are unfair. The FOS won't help you here.i.e is there a good chance of success.
you don't need to. There is nothing in the article about being in financial hardship. It's all about fairness/unfairness of the charges applied.I have already mostly cleared the balances so could not argue current financial hardship,
As I said, irrelevant.although at he time of the charges I was struggling to meet payments on CCs and bank overdrafts.
What do you think? What would you gain by spending £10 requesting the data you already have?Thirdly, as I have most of the statements is it worth skipping the first stage (data request).
Conger0
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