Credit Card Reclaiming Discussion

zubo

thanks for the link but under UK there seems little about 15 year.... have i missed something???

jd2000

hi. i am currently attempting to recover old credit card charges from m. b.n.a. . I have received my account info from m.b.n.a. .I have received the usual no way replies. my account was held with them and cleared in 2004. i know there is a limitation on time however i have seen posts referencing the Limitation Act of 1980. I only became aware of the possibility of reclaiming in 2016 when i retired and started "surfing". My interest was aroused by the P.P.I. discussions . Through these discussions i came across the credit card charges being reclaimed. I have sent info. to the F.O.S.who have said that it is unlikely that they can persue my claim. ANY SUGGESTIONS. Thank you.

zubo

The answer you get is mostly no chance particularly as the fca or their predecessor had a set back on appeal... However I am planning to put together the case to go to court ... The key really is re limitations ... The limitations starts when the course of action is KNOWN... If you are unaware that you have a course of action ie you have been ripped off how can the clock start ticking... You obviously need to argue that the charges were unlawful... Quite a lot of argument to put together... Which is why I'm taking my time...

dunstonh

jd2000 has his own thread running with a duplicate post. Stick to that thread and not this one.

Monkeyking118

Hi, new to forum and first post, so thanks in advance for any help.

After successfully clearing a debt with Natwest on a debt management plan, I received a letter stating I was due a refund due to charges on the account that Natwest weren't entitled to make. The letter was made to sound like a direct refund.
After not hearing from them for about a month I rang to enquire about it and was told it had been used to reduce the balance of the interest frim the cleared account.
In their own words, this was the frozen intetest that they had no intention of ever pursuing, resulting from the debt plan.
The refund was from a time span from before entering the plan.
So my question is... is this legal and usual?
Bear in mind that this was a refund of misused charges, used to offset a balance of interest that they'll never persue on an account considered settled.
I understand that i technically owe that interest but also thst those charges refunded were not from the period where i owed them that interest
Any advice greatly appreciated, and apologies for the length of my first post!
John

[Deleted User]

Yes. - it is both legal and usual.

Nasqueron

Monkeyking118 wrote: »

Hi, new to forum and first post, so thanks in advance for any help.

After successfully clearing a debt with Natwest on a debt management plan, I received a letter stating I was due a refund due to charges on the account that Natwest weren't entitled to make. The letter was made to sound like a direct refund.
After not hearing from them for about a month I rang to enquire about it and was told it had been used to reduce the balance of the interest frim the cleared account.
In their own words, this was the frozen intetest that they had no intention of ever pursuing, resulting from the debt plan.
The refund was from a time span from before entering the plan.
So my question is... is this legal and usual?
Bear in mind that this was a refund of misused charges, used to offset a balance of interest that they'll never persue on an account considered settled.
I understand that i technically owe that interest but also thst those charges refunded were not from the period where i owed them that interest
Any advice greatly appreciated, and apologies for the length of my first post!
John

Yes, indeed it's quite logical - you owe them money, they realised they owe you some money so they offset the money they owe against the money you didn't pay back. The fact interest is frozen or they agree to stop chasing doesn't stop you owing the money. They are perfectly entitled to do this. There is nothing legal/illegal about this, financial issues like this are civil not legal

[Deleted User]

Monkeyking118 wrote: »

this was a refund of misused charges, used to offset a balance of interest that they'll never persue on an account considered settled.

Your debt management plan is meant to draw a line for you to start anew. Any debt and/or interest written off as part of such a plan still exists, all that has happened is that the Bank have agreed not to chase you for it.

Was it you who first complained about charges or did the bank find themselves at fault? Either way, just as you acknowledge, you still owed them money and they were quite within their rights to offset any refund.

Time for you to consider all debt from the period before and during your Debt Management behind you. This means not worrying about still having to pay it, but also means not expecting a windfall from old bank charges, PPI etc.

Move on with your life.

lkunderwood

Hi All. I recently applied for a 0% credit card with Sainsbury’s as I had a large one off purchase to make and I wanted to pay it off gradually. I have just received a message from Sainsbury’s saying that I’ve been charged for using over 80% of the of the credit limit. This was not something that was made clear when I applied and they are not saying how much the charge will be. Does anyone have any experience of this? Do you think it’s something I can claim back?

TIA

[Deleted User]

That sounds incorrect.

What is the exact wording of the letter?