Bank Charges

aye you can claim off credit cards n loans.

Yeah i know but i wanna know how?

Is there another site/letter etc?

I just used the same letter but changed the wording, then sent it to the address on my credit card statement.

PRINCESS JANE

Under the DPA the most they can charge you is £10, because you are asking for details of charges, not copies of statements.

it's the bank's choice to send this information in the form of copy statements.

I had my account with First Direct shut down after claiming charges back a second time.

Best thing to do is open a "parachute" account in case of this happening.

PS this closure is now the subject of a Financial Obudsman Service complaint, as the banking industry has been warned under no circumstances is to carry out retaliatory strikes against customers.

Every FOS complaint costs the bank a few hundred quid and at the mo' people are complaining in their thousands hahahah

yeah but under the freedom to information act you are entitled to EVERY bit of info a company has on you

when this act came into power, companies (especially local government) spent so long getting back to you as they were shredding everything

glad you have but in an official complaint though the more people who complain the better so that they can actually change the regulations...

at the moment they are under NO obligation to pay back bank charges as its not actually part of the banking codes or anything - thats why companies wont go to court cos if a judge rules it the quicker the codes can be changed...

they are trying to get it changed so they wont be abolished just the charges to be a reasonable price, which is currently standing at £12 not £30

The FOI only applies to the public sector i.e. NHS or Government

Hence loads of stories in the papers about how many people with the name of Roger have been convicted of petty theft, or how many hospitals serve sausages on Mondays.

FOI requests are a god-send to us lazy journos.

Re: Bank Charges

I am tempted to start this drawn out process but I just know if I do the law will change or I will be the first person that a bank refuse's to settle with out of court & I end footing the bill for there top QC.

Re: Re: Bank Charges

do it Spence.

no bank will take it to court, because that would mean giving a break down of WHY they charge so much, which they couldn't do as it is a vastly inflated figure.

Scott has had over £5k back so far, and we are in the process of claiming back just as much for other people.

Ten per cent and I'll do it all for ya!

Re: Re: Re: Bank Charges

Did you get your template from: http://www.moneysavingexpert.com

How did he get to the figure of 5K? Charges + interest?

its hardly a drawn out process mate, it took me 2 letters and it took a month from start to finish. Its obvious the banks havnt got a leg to stand on or they wouldnt offer anywhere near the full amount, so I doubt the laws changing will do anything.

Re: Re: Re: Re: Bank Charges

We used the templates from www.consumeractiongroup.co.uk

most of it was compound interest on a credit card as you can claim back interest it the rate they charge you, at charge of £30 from 6 years ago accrued £88 worth of interest.

It depends on the bank, Lloyds TSB and Barclays have waited to pay out once the court date has been set, MBNA paid after 1 letter and a couple of calls. if you look on www.consumeractiongroup.co.uk you can see from other people at what point your bank will pay out

apparently april is the cut off date !!
the banks have sorted an escape clause out and it comes into effect in april.i dont knowins and outs but the company i am using has told me that the banks are starting to fight back after april.

not quite true.

In April the Office of Fair Trading plans to announce what they consider to be fair charges for banks to apply.

After that date you may only be able to claim back the difference between what it decides and what you have been charged.

What do you mean when you say the company you are using?

It is fairly easy process to do yourself for free - apart from postage etc.

Some of my friends/family have agreed to pay me because they can't be arsed to do it themselves, app there are people offering their services on ebay.

One final letter demanding a list of charges has gone to the twits at Halifax today, cc'd to their chief exec today.

I've given them one more week, after this I'm going to refer it to the information commissioner.

What are my rights at the court for getting and injunction for it? How do I set about pursuing this?

April is not the date, the Office of Fair Trading has delayed making an announcement on this to do a more detailed study... so that means for the time being we should be claiming!

Read here

I had a letter from my bank within the 40 days showing the charges and even saying that I may go ahead and seek reimbursement. So I am, to the tune of £425

Another guide
http://news.bbc.co.uk/1/hi/business/6170209.stm

http://news.bbc.co.uk/1/hi/business/6657025.stm

bank charges case upheld in court.

there are still countless successful claims happening so this shouldn't put people off. there are many reasons why it could have been upheld. lloyds tsb may be reluctant to let this case go to appeal as it currently this judgement has set no legal precident (ie a different judge could still rule in the consumers favour), but a successful appeal would set a legal precident against the banks that could lead to them paying out vast sums of money than they currently are.

however i have just informed my bank (lloyds tsb coincidentally) i will be taking them to court should they not pay up within 14 days... i still feel i'll get my money back so im pressing on.

fight the power!

apparently this guy had no legal representation,paperwork and no statements with him at the time of the case.
he thought that the bank would not turn up for it so didn't take any evidence with him
so with that in mind carry on claiming your charges back but make sure you keep all evidence and involve a solicitor for the day.
although you lose 25% of what you get back it is also worth thinking about one of the many companies who do this for you and that way it is all done properly.

It doesn't really mean anything because it doesn't set a precedent. It will be interesting to see if the bank decide to defend his appeal. Because as it is here, it seems they weren't seriously defending it, they just had nothing to lose by sending in a paper defence, and might stall things a bit and put some other people off.

I sent a letter before action to Halifax today

Ok, like.