Bank Charges OFT Test Case Discussion

kev2b3

krisskross wrote: »

If the banks win you may not see a penny.

Unfortunately krisskross is right, if the banks win we get nothing apart from the backlash off the banks that will try and claw back all the millions which they spent out on top barristers. What has started to worry me, when talking to some of the people that are employed by some of the banks is how confident they are starting to feel about winning the court case, but saying that i was very confident that Man Utd would beat Pompey at the quarter final stage of the F A cup.
AND I WAS WRONG:mad:

ganonman

Another worrying this if the banks win is that they can then charge whatever they like and justify it. So we could see bank charges go up and there would be nothing we could do about it as a judge has rules it lawful.

Drew2007

I successfully put in a claim to HSBC, and they settled, then I was going to put in a bigger claim for a Closed A&L account, but this bank thing happened.

Is it worth actually starting the claim process for A&L- or are we at a standstill- sorry if the answers a bit obvious, I've read through a few of the 40 odd pages of this post and don't see a definitive answer.

Cheers

Andy

robbo08

Hi all,

I have put in a second letter to the Natwest claiming my bank charges back. This letter was asking for a settlement and I stated my figue. I asked for a reply within two weeks but I have not received one yet. Any ideas as to what my next step should be???

Thanks all.

pacey365

My bank has just replied to my request for unlawful bank charges insinuating that I cannot claim early if I am a Hardship case.

See quote below

'I believe our obligations under the banking code may inadvertently have been misrepresented in the media and elsewhere. I appologise if you have recieved the impression that your financial hardship complaint is an alternative to your bank charges complaint as a method of obtaining refund fees (and consequently avoiding the current deferment arrangements'

This now appears to me an alternative tack that my bank has taken given that they have sent 2 previous letters that they will look into my case.

I fully intend to pursue that Hardship claim by filling in their forms but has anyone else experienced this and had a result ?

Thanks in advance

robbo08

I think I will send up a chase letter and wait 14 more days then see if I receive a reply if not I can always phone them to see how my case is going.

Thanks.

Nathan_Spleen

pacey365 wrote: »

My bank has just replied to my request for unlawful bank charges insinuating that I cannot claim early if I am a Hardship case.

See quote below

'I believe our obligations under the banking code may inadvertently have been misrepresented in the media and elsewhere. I appologise if you have recieved the impression that your financial hardship complaint is an alternative to your bank charges complaint as a method of obtaining refund fees (and consequently avoiding the current deferment arrangements'

This now appears to me an alternative tack that my bank has taken given that they have sent 2 previous letters that they will look into my case.

I fully intend to pursue that Hardship claim by filling in their forms but has anyone else experienced this and had a result ?

Thanks in advance

I know someone who had the same letter. Barclays right?

Under the new changes to the Banking Code the banks are under an obligation to look at cases of financial hardship sympathetically. Read section 14.

http://www.bankingcode.org.uk/pdfdocs/PERSONAL_CODE_2008.PDF

pacey365

Nathan_Spleen wrote: »

I know someone who had the same letter. Barclays right?

Under the new changes to the Banking Code the banks are under an obligation to look at cases of financial hardship sympathetically. Read section 14.

http://www.bankingcode.org.uk/pdfdocs/PERSONAL_CODE_2008.PDF

Yes it is Barclays. Do you have any recommendation on my next move?

Shall I pursure a hardship claim or wait for the legal decision to be made.

They do not seem to want to look at it sympathetically only to put me down the debt counselling way. It is because of there charges that I am struggling !!

Thanks in advance (again)

chipbeck

ganonman wrote: »

Another worrying this if the banks win is that they can then charge whatever they like and justify it. So we could see bank charges go up and there would be nothing we could do about it as a judge has rules it lawful.

To me the above is the very reason why I can't see the banks winning. OK so I'm peeved because Lloyds charged me £700 in one month but I thought the idea was to prove the charges are fair and quite simply they are not.

dchurch24

davidwatson13 wrote: »

I have started small claim court action which has now been stayed. The problem is the bank keep updating my credit file default information. Despite all this startng before they defaulted me. Question is: does this fall under the agreed waiver with OFT? Financial Hardship. As I can't get credit anywhere because of the default.

I think the banks/cc companies have 'cracked down' - once bitten and all that.

I'm told that it's very difficult to get credit at the moment - in all walks of life.