OFT and Banks to decide on "fair charge"

angelcake

Ok, I have read a lot of threads on here and am at the stage where I have to take the bank to court! I was going to do this today but am now unsure whether there is any point. I know there is a lot of information on here but just to simplify it as it is all quite bewildering (and I have baby brain - 34 weeks pregnant!)

I have new charges added to my account monthly which I need to keep adding and need to get out of this sinking mud!!

Should I still go through with my court case today or shall I wait? ...

cyberman_3

techspec wrote: »

Natwest say the case will take about a year.

A year, just to decide if the unfair conracts regulations apply.

What a swizz.

It's just heresay that it will take that long. You are right, how many words can they use ???

One could think that all this is pre-planned and all this will come to a head.

On radio 5 today, it is suggested that this case will be fast tracked

chipbeck

Think I might write to Barclays and tell them I won't be paying my mortgage until my court case is resolved and they come up with a decent explanation as to how I lost £5000 in eleven policies they sold me. Also need to know what they want me to do about the account (was zero balance) they closed in February yet are still adding a £10 a month charge plus interest.

The situation is as previously mentioned......they do what the hell they want and we have no way to fight back.

cyberman_3

keithyreeves wrote: »

Surely, if the charging structures are in dispute and the banks have been allowed to suspend payments out until a decision has been made, that they should also suspend charges being applied for going overdrawn for the same period of time. What's the betting however that this doesn't happen...

I was just about to claim back nearly 4k from Lloyds as well... grrrr :mad:

Keith, the very words on all our lips. One would think that as these charges are now in dispute the banks would be most unwise to apply the penalty charges as it could shown as contempt

Twoosh

Silly question that may have been asked before #239 : Does this apply to ALL claims or just banks? I submitted claims to NatWest and MBNA yesterday (grr) and am wondering whether I'm right in thinking I should just forget about it for the foreseeable future or whether credit cards are different.

samber_2

I sent the court claim to my bank on 18/07/07 it cost me £120 which I can't afford (I am trying to get back £1300) it said it would be deemed to be served on 24/07/07.What happens next considering the latest developments.

Norfolk_Shot

One of the interesting things to see over the coming days is what the Courts will do with cases they hear.

Crabman

Twoosh wrote: »

Silly question that may have been asked before #239 : Does this apply to ALL claims or just banks? I submitted claims to NatWest and MBNA yesterday (grr) and am wondering whether I'm right in thinking I should just forget about it for the foreseeable future or whether credit cards are different.

If you mean Credit Cards then this doesn't have any effect on credit card reclaiming as it's separate to the issue of bank charges :j

playman

From what i see, banks will not argue that the charge is a true reflection of cost, but instead they will be saying that it is an agreed payment for a service and it is not regulated by the law.

it will come down to T&C and Lord's interpritation of those.

My best guess - charges will be rulled unfair, but only in the past. After the decision those charges will be allowed under new T&C. And they will not auto-refund anyone.

cragdoo

Silly question , but I'll ask any way .

Is this case been heard under English law ? If so how will it affect us here in Scotland ?