New User - Just a little bit of advice please.

[shellbell]

I have recently started a claim against Abbey. I have received a number of statements but they have told me that other statements will be provided under seperate cover as they are on microfiche - is this a stalling tactic?

 

Also can I claim all my charges including charges for interest while my account was overdrawn (agreed overdraft).

 

Thanks.

[Michael Browne]

Not any longer, they're sent separately because its a different retrieval process.

 

There are 2 instances of interest you can claim:

 

1.When you go overdrawn the bank will charge you interest, perfectly lawfully.

 

However, if part of your overdraft is made up of penalty fees, they are also charging you interest on these too and it is this interest which you are entitled to claim back, but it's tricky to separate out from the total interest figure.

 

Vampiress has a spreadsheet, (the advanced one), in the bank templates library, which attempts to calculate this

 

It's quite complex and unless your claim is large may not amount to that much, so for simplicity's sake, some people don't bother

 

This is the interest referred to in the preliminary and LBA letters.

 

2. Section 69 8% interest on your claim, but only when you submit a claim at court. Don't add this interest before moneyclaim

[reneroo1]

i telephoned them with my data request back in early aug, i got 1 years through in 4 weeks, but when i rang to ask for others they became hostile and i gave up. however, i sent out a letter this time with the request plus my £10 cheque, did this by recorded letter on sat 18/11/2006. so i will have to see what hapens this time:-|

[Twinklee]

I too have received all my bank statements, but finding it difficult to work out the interest charges, is it ok to send a request for my charges to be returned without asking for the interest? I have a authorised borrowing fee of 14.99 and I am finding it too complicated to differentiate the different interest rates applied for when i am over my limit and how to work out if im over my limit because of penalties or not.