We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

To Claim interest or not? About to use MCOL - Help!

Morning All,Started my claim about 3 weeks ago, worked out my charges of £1,552 and sent asking for them back. Got the standard mail merge letter saying they have 8 weeks and are investigating. I dont want to miss out on claiming my money back so i threatened court action on the first letter but didnt do it straight away as its going to cost me £120 to do the court bit, but ive got it now so am going to start court proceedings, while going throught the moneyclaim website there is a part to claim interest? in my first letter i didnt request any interest, just the charges back, can i now claim interest on this now or do i have to stick to just the charges?, ive worked it out to another £419 interest for 4 years Many thanks Andy

Comments

  • Beate
    Beate Posts: 3,522 Forumite
    Part of the Furniture Combo Breaker
    Yes you can DEFINITELY claim interest now that you are filing a court claim so go for it!
    Reclaimed thanks to this site:
    £175 Abbey Mortgage Repayment Fee, £170.03 Capital One Bank Charges £418.07 Lloyds TSB Bank Charges, £2,671.55 Mis-sold Endowment Policy, all for OH
  • LozBingley
    LozBingley Posts: 580 Forumite
    RobsonGTO wrote: »
    Morning All,Started my claim about 3 weeks ago, worked out my charges of £1,552 and sent asking for them back. Got the standard mail merge letter saying they have 8 weeks and are investigating. I dont want to miss out on claiming my money back so i threatened court action on the first letter but didnt do it straight away as its going to cost me £120 to do the court bit, but ive got it now so am going to start court proceedings, while going throught the moneyclaim website there is a part to claim interest? in my first letter i didnt request any interest, just the charges back, can i now claim interest on this now or do i have to stick to just the charges?, ive worked it out to another £419 interest for 4 years Many thanks Andy

    Even if you've not mentioned it before add it to your claim. They have to pay it if you get to court (doubt it will get that far) so add it now and they will pay it and your court fee back :)
    Got It & Spent It :dance:
    IKEA CARD = £120 charges = £175 received (146%)
    MARBLES = £450 charges = £370 received (82%)
    I.F. = £494 charges = £494 received (100%)
    CAPITAL ONE = £981 charges = £1,489.03 (152%)
    BARCLAYCARD = £580 charges = £786.12 (136%)
    On Hold :mad:
    A+L = £722 charges (target = 147%)
    BARCLAYS = £1,405 charges (target = 128%)
    BARCLAYS = £175 charges (target = 140%)
    ABBEY = £3,220 charges (target = 148%)
  • RobsonGTO_2
    RobsonGTO_2 Posts: 16 Forumite
    thanks for the speedy reply guys woooooo! ill get the ball rolling now :D
  • lindilou39
    lindilou39 Posts: 927 Forumite
    make sure if you issue claim say today 14th July 2007 you dont go beyond 14th july 2001...or they will pick up on the Limitation Act..Base your Interest on the bank interest calculator the day you issue the claim. ok


    Lin
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.