RBS Master Card & Mint PPI

[Bazza]

I have just received SAR details in respect of the above and after reviewing statements submitted I noticed quite a few late payment charges for £20 each.

Am I entitled to try and claim back plus interest and if so can someone possibly provide link for standard Credit Card Charges reclaim letter and appropriate calculator spreadsheet.

Will it be compound interest or 8% simple ?

Any help would be very much appreciated thank-you.

[di30]

Re: RBS Master Card & Mint PPI

Hiya Bazza

Try this one here, think this covers all

http://images2.moneysavingexpert.com...cc_letter1.rtf

[Bazza]

Re: RBS Master Card & Mint PPI

Hiya Bazza

Try this one here, think this covers all

http://images2.moneysavingexpert.com...cc_letter1.rtf

Thanks Di,

And will it be compound or 8 % simple interest do you know ?

Trying to find a sreadsheet in respect of credit card charges reclaim but having no luck.

Bazza

[di30]

Re: RBS Master Card & Mint PPI

Hiya
i came across this here for you too from MSE.....

Charge interest on top
If you were to go to court and win, you would be entitled to add 8% interest (not compounded) on top of your claim, from the date you were ‘first deprived’ of the money (ie the date of each charge).
Therefore as a negotiating tactic, you may want to ask for the interest as part of your initial claim. Do understand though, you’re not legally entitled to interest unless you win in court. Asking for interest now is all part of pushing the lender. Think of it as a bit like haggling.
You may strike lucky and get the interest on top. Even if not, asking for it could help push the provider to settle quickly, as it may just say “here’s the money, without interest”. In which case, I’d grab it.
Of course there is a risk that asking for too much makes it less likely to settle too - sadly this is an art, not a science. If you'd prefer to play safe, simply ask for the charges without interest in the early stages.

Also a calculator further down the page should be of some help on the link here:

http://www.moneysavingexpert.com/rec...t-card-charges

[Bazza]

Re: RBS Master Card & Mint PPI

Hiya
i came across this here for you too from MSE.....

Charge interest on top
If you were to go to court and win, you would be entitled to add 8% interest (not compounded) on top of your claim, from the date you were ‘first deprived’ of the money (ie the date of each charge).
Therefore as a negotiating tactic, you may want to ask for the interest as part of your initial claim. Do understand though, you’re not legally entitled to interest unless you win in court. Asking for interest now is all part of pushing the lender. Think of it as a bit like haggling.
You may strike lucky and get the interest on top. Even if not, asking for it could help push the provider to settle quickly, as it may just say “here’s the money, without interest”. In which case, I’d grab it.
Of course there is a risk that asking for too much makes it less likely to settle too - sadly this is an art, not a science. If you'd prefer to play safe, simply ask for the charges without interest in the early stages.

Also a calculator further down the page should be of some help on the link here:

http://www.moneysavingexpert.com/rec...t-card-charges

Many thanks again di and will go for interest on-top first and see what response I get from them. Nothing ventured nothing gained.

[di30]

Re: RBS Master Card & Mint PPI

Your welcome Bazza, fingers crossed x