Barclays OD / Reserve fees claim, if successful with PPI

[stroudsco]

Hi,

 

Before I start, a big thanks to CAG for past help with different matters.

 

If you read any of my other posts you will see I had debt problems in 2007,

with a failed company and business / personal debts to near £150k,

 

its taken 9 years to clear everything,

finally debt free I'm looking back over accounts to see where I can claim back some of the huge interest amounts and fees whilst paying off credit cards overdrafts etc..

 

my wife has a Barclays account, it's still her current account and its been active for over 30 years,

 

due to our extreme financial hardship in 2007,

we had big monthly charges,

as I mentioned we had cci's and £150k of debt to repay,

 

we had to sell the house, remortgaging with a sub prime lender, DB, Yep DB!

it was a real nightmare,

 

looking at her account you can see our mortgage, gas, electric and all necessity bills bouncing every month for years,

I have statements, letters etc to prove hardship...

 

To be honest we are not in financial trouble anymore,

after 8 years working 24 hours a day,

we have cleared every debt,

and have brought a house and live mortgage free,

 

I know its been said in a few posts that you have to still be in hardship and that its maybe to late to claim now.

 

I had a thought about this though today, the figures are:

 

Barclays current account,

charges including reserve charges up to £200 a month max,

we had charges every month from April 2008 to September 2015

total charges nearly £5,000

 

If hardship and the 2009 time scale is out of the question

how about the fact we have just had three PPI claims upheld against Barclays

one on this account dating back nearly 25 years,

we had a payout of just over £9,000 (which is great)

 

could I not use this as a argument that if she had not been paying these monthly amount

(which they agree was mis sold and have paid)

she would not been overdrawn and therefore would not have received these charges.

 

Thinking about it there is a note on the PPI payout letter which asks if you incurred any other financial costs...

Should she be going down that route or treating it separately this way?

 

I have gone through every statement and noted the date and cost for each charge,

put them on an excel sheet and used the template for hardship,

I wanted to get feedback first before sending,

and only thought of the note on the PPI payout letter whilst typing

 

As always thanks for your comments in advance!

 

Dave

[dx100uk]

I would think that if you can prove on XX date

if the PPI to that point had not been charged

and the account were thus not OD

she could reclaim them.

 

you'd have to do quite a bit ofworking out mind.

 

easiest way might be to put the claim in anyway

and let them work it out.

[stroudsco]

Hi Dx,

 

I don't mind a little running about, and all within the set speed limits!

 

Thanks for your help and advice on that one, I was very fortunate - I wouldn't of been so lenient if I was the judge!

 

Dave

[slick132]

Hi Stroud,

 

The Hardship angle is definitely a non-starter. Reclaiming historical charges has generally not been successful.

 

If you could work out how much of the PPI refund was actual PPI (as opposed to interest), you could seek a refund from the bank for charges and interest you paid due to them adding default charges on PPI subsequently refunded.

 

Gotta be worth a shot, at least !

 

[BankFodder]

£9000 seems very low for 25 yrs of PPI