Reclaim Unfair Bank Charges article discussion Part II

SazM030306

Hello, I am about to claim £100 back from Barclays, posting the letter tomorrow. So I thought I'd look through all DH's old statements from HSBC. Typically about 7-8 years ago he was overdrawn almost every week getting charged £27.50 a time! I managed to find only one within the last six years. Is it advisable to try and claim £27.50 back or would you not bother?
Thanks, Sarah x

Jackswan_2

bayjomam wrote: »

I have just started to claim my credit card charges back and have got my list from the bank. Do you know if I can I also claim back "credit card repayments insurance" which, according to my statements I was paying every month!

Credit card repayments insurance can be reclaimed if you didn't tick the box
accepting such a monthly charge. Business records by law have to be retained for six years, however, I have had Barclaycard and Capital One
reproducing copies of my applications which are eight/nine years old. If you
are self-employed and have ticked that box also then you have a good chance of arguing your case. They will respond by suggesting that you had
30 days to cancel, that you were sent details of the insurance cover.

I can categorically deny that the 30 day cancellation period was ever offered and that I only received the detail of the package after the 30 day period.

My argument against the credit card companies is that as I had ticked the
self-employed section the charges should not have been imposed on me. I
am fighting on this front. Unfortunately you will have to try to grind them
down, but, if you have ticked the box and are not self-employed then it could be difficult.

agnes_2

What did yo think of this ?

How banks aim to cash in on the postal strike by hitting customers with penalty fees

By SEAN POULTER - More by this author » Last updated at 00:09am on 6th October 2007
/pages/live/articles/news/news.html?in_article_id=486032&in_page_id=1770 - StartCommentsComments (8)

Banks will charge customers who miss payment deadlines on credit card bills due to the national postal strike
Banks are looking to cash in on the national postal strike by hitting customers with penalty fees if they miss payment deadlines on credit card bills.
The banks, which are in line for a huge windfall, have indicated there will be no leeway or period of grace because of the strike.
This is likely to mean many customers will not get credit card statements and utility bills as expected.
The banks insist they should take steps to find out how much they owe on their cards and make a payment by the normal monthly deadline.
A failure to make the minimum paycouldment would leave customers open to a fine of £12 each.
They could also end up paying extra interest on the bills.
The first 48-hour postal strike finishes at noon today, while a second is due to start early on Monday.
The banks' trade body, the Association for Payment Clearing Services, hinted at the imposition of late payment fines, saying the strike means "important post could be delayed that could have a knock on affect on finances".
It warned: "Although your bill may not arrive in the next few days, you shouldn't assume that payment isn't due within the normal timescale.
"Anyone who is due to pay a bill by cheque in the post during the strike should check they are not going to miss a payment deadline and be penalised as a result."
Customers also find themselves paying penalty charges to their suppliers if they fail to pay their utility bills by the deadline.
Eddy Weatherill, of the Independent Banking Advisory Service, criticised the banks, saying: "It is only the banks who would look to cash in on a national strike which is causing huge disruption.
"It is typical that they view every crisis as an opportunity to make money."
to continue over the weekend............... etc.........

in-need_of_money

Hi Martin, many thanks for all your advice on money saving, I myself have saved loads. However, until this year, I did not know that my daughter had been paying bank charges. She thought this was the norm and everyone had to apy them. Of course I was very alarmed and put her straight, encouraged her to go onto your site and read what to do. She went into the bank on several occasions and was treated appalingly. She has spoken to them on the phone, but they are not helpful. She tried to explain that they are taking their charges before her wages go in at the end of the month! They would not listen, before long her charges paid have come to £2500! She has used your letters and have rung them since, but to no avail. The bank is HSBC, do you know anyone that has been successful with them in regaining charges and how can I help her?
Many thanks

brenc

Hi all, looking for some advice.
I started the reclaiming process with my bank ( first Trust). After the second letter i was preparing to send the court latter, they responded with the 'claim on hold letter' due to the FSA stuff. Therefore i went no further. But I have now read on this site that the First Trust Bank did not sign the waiver. Does this mean I can just continue? or are the courts not accepting these cases regardless of which bank it is. confused?

lindilou39

continue....they are not entitled to sit back on the waiver as they are not involved in the test case.

poppasmurf_2

Anyhow the OFT TEST CASE is in relation too Current Account OVERDRAFT charges, I dont know where many of this websites users sit but my claim is for credit card charges...

Please see link at the OFT website

http://www.oft.gov.uk/advice_and_resources/resource_base/market-studies/personal2

"The trial will start on 14 January 2008 and we expect it to last eight days" OFT

Anyhow this all very exciting...

angelwillow

angelwillow wrote: »

If I receive a cheque from the bank but it is not the amount that I am claiming, can I 'cash' it as long as I have sent them a 'part payment without prejudice' letter or am I best not to?

Can anyone help answer this please?

Thanks

k1mmie

The bank is HSBC, do you know anyone that has been successful with them in regaining charges and how can I help her?
Many thanks[/quote]


Hi. First Direct/HSBC have proved in the past to be one of the easiest banks to deal with and made offers fairly quickly. However since the OFT stay on all claims, I do not think any bank is committing to making offers. Go to the thread for HSBC and read what others have recently posted and what the general action is. Have a particular look at court cases regarding them and if stays are being applied for by the court or the bank. The general consensus seems to be that you should still aplpy to the bank and it is therefore lodged as a complaint and even the court even if a stay is applied, as once the ruling has completed you are at least in the "system".

All the best.

katie1

yes i did from barclaycard.