CC, MSE is ok, but there are better sites out there that give alot more help.
In a nutshell it really is that easy, but there's alot of waiting and then having to deal with legalise letters and solicitors and stuff.
First off you send a Data Protection Act Subject Access Request (SAR) to LTSB. There is a maximum that they can change of £10. This covers ALL the info.
This is ment to be complied with in 40 days.
In my case it took nearly 3 MONTHS !!
In the end I did get 10 years worth of statements.
Now a SAR is ment to supply ALL the information the Banks hold on you, not just the last 6 years. This is the first place MSE falls over.
Once you have all the statements then it's PreLim time.
This is the first approach for repayment, time limit 14 days.
Once they refuse this then it's Last Before Action (LBA). Again you are asking for ALL the charges to be repaid, time limit 14 days.
Once they have refused both these letters then the fun really starts with court action.
Yes the easiest way to file is MCOL, but it isn't a case of file and you'll get your money.
The banks will try at every turn to have your case throwen out or to buy you off.
Again this is another area MSE lets you down, not enough support and help with dealing with the banks solicitors..
Now if you hold your nerve, and with LTSB you'll need it, the whole process can take up to
10 MONTHS. Yes you read that right.
You would be very lucky indeed to have the whole amount refunded within a few months.
This is NOT a get rich quick scheme and it is far from plain sailing.
Now don't let this put you off, just remember that
they have taken
your and you want it back
On the whole the banks aren't closing accounts on the back of reclaiming, obviously if you are operating it badly then they may.
You say you already have another account, keep it on the back burner and only move if you absolutly have to.
No need to go through all the hassle if you don't.
I must admit I always thought that the banks where there to help and had our best interests at heart, well not any more.
Generally they are like any other big business, money grabbing !!
I've been with LTSB for 15 years yet, when I needed some help with O/D charges that I ended up having after my expenses where late, I was basically lied to.
So I decided to reclaim EVERYTHING that they have taken over the years.
The fun has only just begun.
Feel free to PM me and I'll point you in the right direction.
cant i just get one of those no win no fee law firms to deal with this of me?
Linear Mode
