Reclaim Unfair Bank Charges article discussion Part II

Hopeful1

Just a reminder of a previous post with useful links here.

soontobesensible

Wondered if anyone could tell me. Even if all claims are stayed will we still get interest on our charges to when the court case/appeal ends??
TA!!!!!!!!:rolleyes:

Orford

soontobesensible wrote: »

Wondered if anyone could tell me. Even if all claims are stayed will we still get interest on our charges to when the court case/appeal ends??
TA!!!!!!!!:rolleyes:

In theory, yes. It's covered by the FSA waiver directions:

(15)
to the extent that sums are ultimately to be paid to complainants in respect of relevant charges complaints that have been stayed, the firm must include in these sums an element of compensation in respect of interest charged to or lost by the customer as a result of being out of money during the stay period;

But I can't see banks paying this voluntarily, so claimants will have to calculate the interest and not accept anything less.

monkey1_2

Hi,
I'm just about to take on LLOYDS TSB for bank charges, however I have a loan with loans direct (lloyds tsb loans) which is due to end in August. Are they likely to try and play hard ball and call in the loan ??

Orford

monkey1 wrote: »

Hi,
I'm just about to take on LLOYDS TSB for bank charges, however I have a loan with loans direct (lloyds tsb loans) which is due to end in August. Are they likely to try and play hard ball and call in the loan ??

No, your loan is covered by a completely separate agreement, assuming your loan payments are not in arrears.

monkey1_2

Cheers,
it which case it's shock and awe time for LLOYDS TSB

England2010

Hi,

i had two accounts about 9 years ago , one account with Barclays and one account roth RBS. They used to charge me a bomb of bankcharges. My question is, if this court thing goes through so everyone can reclaim their bankcharges, then will i be able to do it which is about 9 years ago ? The problem i have got is that i havent got anymore records of these accounts and these account are now with debt collection agencys. Can anyone advise me properly what i can do and if there is any standard letter i can sent to banks to reclaim bankcharges .
Many thanks

SUEMDW46A

DOES ANY ONE KNOW DOES THIS APPLY TO BUSINESS BANKING AS OVER THE PAST YEAR I HAVE PAID OUT OVER £1000 IN BANK CHARGES.

tHANKS

jennyo

SUEMDW46A wrote: »

DOES ANY ONE KNOW DOES THIS APPLY TO BUSINESS BANKING AS OVER THE PAST YEAR I HAVE PAID OUT OVER £1000 IN BANK CHARGES.

tHANKS

I've reclaimed from Natwest on a business account, reclaimed £3496, offered £2652, which I accepted, so its worth a try.

jennyo

England2010 wrote: »

Hi,

i had two accounts about 9 years ago , one account with Barclays and one account roth RBS. They used to charge me a bomb of bankcharges. My question is, if this court thing goes through so everyone can reclaim their bankcharges, then will i be able to do it which is about 9 years ago ? The problem i have got is that i havent got anymore records of these accounts and these account are now with debt collection agencys. Can anyone advise me properly what i can do and if there is any standard letter i can sent to banks to reclaim bankcharges .
Many thanks

Unfortunately I believe you can only claim back six years.