Reclaiming old bank charges/ cheque cashing 24 July 2018 at 10:48AM in Reclaiming mortgage fees, council tax, etc 2 replies 927 views

Paul_Suffolk

I'm currently in the process of claiming mis-sold PI from a number of creditors and am now considering reclaiming excessive bank charges I received over a ten year period (1995-2005).

Basically, during this time I was caught up in a never ending period of debt and financial hardship, whilst at university and in low paid employment, and was reliant on various loans, credit cards and even cheque cashing services. At one point I was literally spending my days off going from one cheque cashing place to the other and paying funds into my account to make sure my head was above water and to reduce the number of bank charges that were literally crippling me. I literally shudder when I think back to those days.

So my question is, whilst I realise there was a ruling in 2009, making reclaiming bank charges more difficult, I wonder if I would be eligible to claim back these charges from way back? I am not in financial hardship these days (thankfully!), so cannot claim that I am, but at the time I certainly was, being stuck in an inescapable circle of debt.

Also- is it possible to claim back any PPI that was levied against cheque cashing facilities or other small personal loan firms? I can't seem to find any info on these.

Nasqueron

The 2009 ruling stopped any chance of getting back historic bank charges particularly after the 2006 ruling that capped the fees. Banks only consider current hardship.

What do you mean PPI "levied against cheque cashing facilities or other small personal loan firms"? PPI is to cover debt if you can't pay it. If you used a cheque cashing facility you wouldn't pay any PPI as there is no debt? Small loan firms away from banks would not have been regulated before 2005 so don't have to consider complaints

dunstonh

So my question is, whilst I realise there was a ruling in 2009, making reclaiming bank charges more difficult, I wonder if I would be eligible to claim back these charges from way back?

No you wouldn't. That was the point of the court case in 2009.

Also- is it possible to claim back any PPI that was levied against cheque cashing facilities or other small personal loan firms?

I am not sure how PPI could be sold to you on a cheque cashing service. Are you sure you mean PPI?