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Is this still possible? Various people I know did this a few months back.
I've been waiting for this decision too and I reckon by the time the case has been won, appealed and re-appealed a sufficient amount of time would have passed for me to forget (3 weeks max).
Is this even legal?
He had to take out another loan to pay it back - which he now can't pay back becuase Lloyds seem to want to drive him to bankruptcy.
I believe he's talking to Citizens Advice right now.
have taken out the loan, then, should he?
As for whether or not its legal, there is a test case proceeding at the minute. As somebody has already mentioned.
on what basis?
is to go into your local branch and kick up a big stink. I did this last year, complete with shouting and swearing. It worked!
I think this might happen at lunchtime.
They actually owe about £8,000 to me but I'll 'compromise' at £3,000.
Add this to the fact that I've been defrauded, I think I may have a case.
The charges are 'administration fee'. Since when does sending a letter cost £30? Google Martin's Money Saving Tips if you haven't been on that site already, there's loads of good information on how to reclaim charges.
repeat, no banks will give ANY refund until the court case is settled. It may have been productive to go and cause a stink over a year ago, but this is no longer the case for historical claims
If you get charged, like I have recently, get on to the bank straight away, go to your branch, not a completely useless call centre muppet, and talk to someone who has authority.
With me, the charges were partly HSBC's fault and partly mine, but I argued a good case and pointed out that now I live in Holland, I probably won't be keeping or retaining my HSBC products for very much longer.
These were charges of 200 quid plus though, because they reversed all my direct debits as I didn't have enough funds, yet there was a pending transfer waiting and they didn't take that into account