Shadow2981 vs. Lloyds Banking Group

[Shadow2981]

Re: Shadow2981 vs. Lloyds Banking Group

Many thanks!

[Never-In-Doubt]

Re: Shadow2981 vs. Lloyds Banking Group

Ok don't worry; you are now bound by time as to when you can complain so to ensure you don't mess up remember that you first became aware of any possible reclaim after reading the news yesterday which showed this case (22nd Sept 2014). That's your official date that you knew you might be able to reclaim.

Before doing anything I've asked Bill to help with the figures THEN (and only then) PM me and I'll assist with the template for refund. It's a slow process but stick with it.

Over to Bill.

[Shadow2981]

Re: Shadow2981 vs. Lloyds Banking Group

All accounts were settled and closed in 2008 when I eventually was forced to turn to my parents to bail me out.

At the time, due to credit file hampering by Lloyds, no other banks would give me accounts. My dad again managed to get me into his bank by opening a joint account with me and him for a year - after which his name was removed.

Aside from that SB credit card debt you've helped me with a few times (which has been sold in full assignment so is no longer LBG) I have no outstanding debt with LBG - and no active accounts of any sort.

I have never attempted to reclaim these charges or taken this matter to the FOS - this will be the first challenge I have made... I did complain at people unofficially over the phone and in-branch - but in my SAR I have not come across any notes/records of this - but there is a ton of stuff I haven't looked through yet.

[Never-In-Doubt]

Re: Shadow2981 vs. Lloyds Banking Group

Small claims is now £10k. You'd not jump in with a legal claim without first applying to the bank and then the FOS. Obviously the Foster-Burnell case helps but Lloyds won't back down all the time and this decision is NOT binding as yet.

Have be you ever tried for a reclaim with the bank / went to the FOS? If so what were the two outcomes? Finally are all the accounts you mention paid up / settled / closed or do any have a debt balance?

[Never-In-Doubt]

Re: Shadow2981 vs. Lloyds Banking Group

I'll ask Bill to pop in and assist as he's the expert at calculations. Sit tight for now

[Shadow2981]

Re: Shadow2981 vs. Lloyds Banking Group

I take it the first step would be a bog-standard letter simply asking for a refund based on schedules of charges, then take it from there?

If so, would I request damages in said letter or warn that I will pursue damages on top of this amount if they force me to take further action?

[Never-In-Doubt]

Re: Shadow2981 vs. Lloyds Banking Group

The article etc is on Legalese --> https://www.legalese.org.uk/index.ph...urnell-vs-ltsb

Full Judgment --> https://www.legalese.org.uk/images/f...20Charges).pdf

[Shadow2981]

Re: Shadow2981 vs. Lloyds Banking Group

On top of the above - if this went to court the costs would further increase as the recent judgement also awarded damages for credit file (despite having not defaulted)...

That was for a single account, I had 4, plus 2 credit cards from Lloyds which were defaulted (one of which was removed prematurely in return for partial settlement) at CRAs due to financial difficulties as a direct result of these charges so the potential for damages on top would be vast surely?

[Shadow2981]

In light of the recent case against Lloyds for unfair overdraft charges - I have realised that I could be owed a substantial amount of money - and assistance in getting it back would be hugely appreciated.

I have 4 accounts from which to claim back on from dates somewhere betweeen 2001 - 2008.

Without breaking down all of the individual charges, here is summary of what I am owed - with and without the 8% APR compound interest (added on a per charge basis - not to the end total).

Account #1:

Without any interest: £5,596.00
With 8% interest: £9,351.75

Account #2:

Without any interest: £255.00
With 8% interest: £412.83

Account #3:

Without any interest: £270.00
With 8% interest: £439.88

Account #4:

Without any interest: £230.00
With 8% interest: £395.40

Grand Totals:

w/o interest: £6,351.00
w interest: £10,599.86

I am not really sure how to best approach this.. as both totals exceed maximum small claims (or has it been increased to £10k now?) - and I know I can't afford any cock-ups if going above small claims as it's an entirely different game then - so professional advice please??!

EDIT: The charges accounted for are:

Overdraft Excess Fees
Overdraft Usage Fees
Unpaid S/O
Unpaid D/D

I have not included any interest paid on the overdraft balances