Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

[Budgie]

I couldn't believe this.

An RUC Claimer advised that they have been charged a whopping £75 for being overdrawn by £1.70 for 10 days.

That is made up from £15 monthly unplanned OD fees, plus a daily rate of £6 per day whilst the account was overdrawn. The person spent 25 minutes on the phone trying to get Lloyds to reduce this but were point blank refused any reduction as they had incurred charges previously.

Copy of letter the person received from Lloyds is attached together with copy of bank statement.

I intend to send a copy of this to Justice Andrew Smith ( test Case Judge ) Great example of the great British Banking system at work !!!!

Budgie

Added Comment : Just worked out that this is equivalent to an APR of approx 160,000 %

[Amethyst]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

Good idea

[stevokenevo]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

I intend to send a copy of this to Justice Andrew Smith ( test Case Judge ) Great example of the great British Banking system at work !!!!

Good idea

I dont think its good idea, in fact i tink it is a bad idea IMHO.

I would be extremely unhappy as i am sure we would all be, if we found the judge was being pressurised and sent evidence by the banks or maybe a bank worker who though the charges were fair.

The test case is over for now, and i think we should all sit tight and await the judgement like everyone else.

I would not like to think anything could/would be jepordised by pestering the Judge or trying to sway the judgement.

The time will come to challenge this, but now is not the time, and the suggestion above is not the way.

[Guest]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

Why waste 25 minutes on the telephone?

1. Prelim
2. LBA
3. N1

How hard can it be?

[Amethyst]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

The judge and the various QC's have been sent little bits and bobs of info throughout the case - they either use it or they ignore it. I don't see a little email from a consumer saying 'look at this !' can hurt.

[Amethyst]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

25 mins on telephone vs 2 letters a court fee and months of waiting ?

I know I'd try phone first - immediate response then. Yes or No. then fart about with letters etc.

[Guest]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

I would not bother to telephone. A call centre monkey does not have the authority to refund this, so why waste your time?

[Amethyst]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

If its first charge they sometimes do.

[Guest]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

... but were point blank refused any reduction as they had incurred charges previously.

It was not.

We do not recommend the telephone as a method of reclaiming charges.

[stevokenevo]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

I think my point has been missed, or i have not expressed myself properly.

correct me if im wrong (which i quite often am) Justice Andrew Smith is pondering a case to decide wether or not the OFT can rule on the legality of bank charges.

He is not judging wether or not the charges ar legal, lawful or fair.

I therefore stand by my view that is not in the interest of the consumer to send the above to the judge.

Just my humble opinion

[Guest]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

I get your point Stevo and it is a valid one. However, I doubt that Justice Smith even opens his post, let alone reads it.

I would not send it either, but not for the same reasons as you.

[Budgie]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

Justice Andrew Smith is pondering a case to decide whether or not the OFT can rule on the legality of bank charges.

He is not judging whether or not the charges are legal, lawful or fair.

Justice Andrew Smith is actually pondering many declarations he has been asked to issue under the banner of the Test Case and not just whether the OFT can rule on the legality of bank charges. The Banks, in their counterclaims, actually requested many declarations including one that ( and I quote from the HBOS counterclaim ) "that the HBOS relevant terms and charges are not capable of amounting to penalties at common law".

Taking this into account and the fact that the presentations during the actual test case hearing did seem to stray an awful long way from the main contentions argued in the OFT's POC and banks defences and counterclaims I do believe it is important to provide Justice Andrew Smith with a gentle reminder of one of the most fundamental issues in this whole sordid affair. However, they dress it up, the Banks, in the past and presently get away with applying absolutely ridiculous penalty charges. The example detailed in this thread is a superb example of this disgusting practice. Would anyone here care to attempt to try and justify charges of £75 for an overdraft of £1.70 for 10 days !!! We all know that the situation described in the example is not an isolated occurance, this is happening to thousands and thousands of people in the UK every day.

It's quite likely that Justice Smith may not read the email, but IMO it should definitely be sent and I will be sending it over the weekend together with short explanatory note.

Regards Budgie

[Nattie]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

NatWest would have charged probably £56 and maybe just maybe £35 so that makes £91.

for reference, if the 10 days crossed a charging period then that is maintenance charge x2 and possibly a guaranteed card payment which would be the other £35.

as I said that is potentially what we could have charged.(this is not a competition I know before it is said).

[TANZARELLI]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

I thought most banks had a buffer for small amounts of OD Barclays I think have a £5.00 buffer etc

[Nattie]

Re: Guess how Much Lloyds charge RUC Claimer for being £1.70 Overdrawn

not if there is no overdraft facility and it will depend on the type of account, how well it has been run, etc,etc.