IBAS Business Bank, Banking Account Overcharge Service
Directors UK Bank Personal Guarantee Debt Claim Demands and the IBAS Christmas Warning Post
Christmas 2019 is fast approaching and Banks will use their normal 'holiday' strategy on legal claims.
- That means they will be already preparing their Christmas legal claims.
- Many are prepared deliberately to drop through your letterbox just before 'close of business' on Christmas Eve.
- Getting 'advice' for a Director's Personal Guarantee Debt Claim around Christmas and New Year is extremely difficult.
- Banks know that - whilst they have easy access to solicitors at all times their customers will not.
- Between Christmas Eve 2019 and 2nd or 3rd January 2020 is a normal holiday period for most in the UK.
- Therefore, good strategy (although extremely unfair) for banks to issue a claim ready for 'service' on Christmas Eve.
- The 'service' on you will be deliberately timed for maximum effect for the bank's benefit.
- The legal clock starts ticking once a claim is 'served' which puts the customer under extreme 'time' pressure.
Losing 10 days in the Christmas - New Year period doesn't help those with legal claims obtain help.
- Banks know that customers will be forced to react - which means many customers will also attempt a DIY response.
- Banks love DIY responses, as they know they will normally lead to the bank obtaining an 'easy judgement'.
- The customer just doesn't react at all and judgement is obtained by the bank by default.
- DIY responses miss possible defences which are effective legal arguments to avoid 'strike out'.
- We would suggest that anyone with a bank claim 'lurking' against them - obtains help.
- Do not get 'rushed' into answering a bank's legal claim without any help at Christmas.
Drop IBAS an email and we will explain what can be done.
Banks and Bankers do not 'play fair'! IBAS protects you from the bank's often hostile intentions and actions.
Banks produce documents they will rely on for their legal claim on you - it's vital to know which documents they will hide.
IBAS was the first in this field and remain the best.
IBAS website was launched in 1998 to help UK businesses with business banking disputes.
(see BBC Testimonial for IBAS in 1999) at:
Your Money Not a moving account - BBC 22/07/99
See our Blog
The Bank’s Final letter for your business banking dispute complaint & business complaints to the Financial Ombudsman Service (FOS)
It is a fact that all banks spend considerable time and effort 'drafting' their Final response letter to the customer on complaints because they know that their Final Response letter is designed to persuade the Financial Ombudsman Service (FOS) to their position. By that time the bank’s customer services/complaints department will have already extracted all your information from you for their benefit by questioning you and then they will have dismissed your complaint/s.
Bank Final response letters are drafted and written by legally trained bank staff who are communicating with the FOS daily and are therefore completely aware of FOS decision making.
The Financial Ombudsman Service staff are aware that bank Final response letters are prepared by legally trained bank staff and the bank’s Final response letter will influence the FOS ‘investigator’.
Bank customers may believe their business banking dispute complaint/s will get a fair hearing by the FOS and from reading the FOS website may also be misled into believing that it is ‘easy’ to make a business banking complaint through the FOS.
However, banks possess very distinct advantages, which include legal knowledge, long experience of ‘complaint casework’ and know what is effective (for the bank). Banks also know how the FOS 'thinks' as they communicate regularly with the FOS by telephone.
The Financial Ombudsman Service do not calculate bank accounts to provide an independent calculation where they are required. The Financial Ombudsman Service will rely on bank methodology and bank calculations when dealing with a business banking account dispute.
The bank's Final letter allows you 6 months to make a complaint to the FOS.
see very poor 2019 - Trust Pilot Reviews for Financial Ombudsman Service
What will the Independent Banking Advisory Service (IBAS) provide you for your business banking dispute complaint which the Financial Ombudsman Service (FOS) will not?
IBAS will carry out fully independent investigations of business bank accounts based on the customers complaint and will provide fully independent calculations with a report which can then be relied upon to evidence incorrect charging, bank errors and overcharging.
Historical banking account errors/bank charging mistakes and bank overcharging claims evidenced by IBAS account investigations and calculations enable effective business banking account complaint progression. IBAS has been calculating business bank account and overcharging complaints since the mid 1990's
IBAS account investigations enhance the customer's complaint with substance to evidence bank charging errors to the customers advantage.
IBAS will investigate business banking disputes which IBAS 'take on' and progress for the customer.
IBAS reports can then be relied upon for any business banking dispute which IBAS has accepted.
IBAS investigate Director’s Bank Personal Guarantee dispute complaints and assess all other security documents held by the bank for lending purposes to establish the facts and historical positions. Specific advice on business banking account/s disputes and further actions required are provided by IBAS once our investigations conclude.
Information from those we have assisted since 1992 show that other ‘advisors’, solicitors & also the FOS carried out very limited or basic ‘checks’ on business banking complaints. Basic ‘checks’ cannot identify customer defences, allow debt reduction or eliminate a debt being claimed.
It’s clear that ‘other advisors’ provide advice and ‘outcomes’ without necessary facts. That disadvantages or destroys the customer’s ‘case’. IBAS has a long established standard practice for investigating bank customer’s business banking account disputes in depth – other ‘advisors’ do not do so.
IBAS 'in house' bank auditing began in the mid 1990's and considerable bank interest overcharges and refunds have been reclaimed
for our members with debt reduction and security issues negotiated (see below). IBAS business banking dispute negotiating experience provides you with a proven strategy for business bank customers seeking to verify commercial bank loans, bank overdrafts or bank business mortgages for accuracy and to eliminate historic or current bank overcharging of their accounts.
IBAS had obtained in excess of £21 million in refunds, write-offs and write-down of bank debt from our investigations of UK Business Banking Disputes when we stopped counting (many years ago) and we stopped 'counting' because we realized that the numbers meant very little to the individual, as it was each individual's business banking debt which matters and it's their personal assets at risk from the bank's 'plundering' if their business fails.
IBAS has specialist knowledge from IBAS investigations into a large number of UK business banking account disputes since 1992 - no other organization has that experience or knowledge, which provides IBAS with 'extra' ability and expertise to produce the best results for you (just like GL and AT below).
An IBAS member wrote in: "Just for information we have recently reduced the balance outstanding to the bank and now have a better relationship with a new manager who many times, has apologised for the actions of others that have gone before him. We would like to thank you for your assistance in bringing the matter with the bank to a conclusion. It would have been far easier if we had known about your organisation in the first instance and the corner the bank backed us into would probably never have transpired.
We could not recommend strongly enough to anyone struggling with the overzealous banks how helpful IBAS have been. When we consider how the bank treated us when we hadn’t done anything wrong, never missed a payment and had good loan to value rates, I can only surmise how aggressive they must be to others.
Once again many thanks for the help IBAS have given us both over the past two years. In the nicest way we hope never to require your services again! "- GL
IBAS is a professional, confidential guidance and direct assistance organisation available for UK Business banking problems and disputes and IBAS is an organisation which can help you with bank litigation.
If you’ve received a business banking account debt claim demand or Director’s Personal Guarantee debt claim demand we can inform you based on our experience ‘what not to do to make your position worse’. (request your copy now)
However, whilst ‘what not to do to make your position worse’ is our gift to you - it is only a short term ‘plaster’ - It is not a permanent solution.
For a solution, you need to make a decision to get IBAS fully on your side by providing us with a comprehensive outline of your ‘dispute’ in an email with correspondences, facility letters and demand letters which 'show' your position.
We know that communicating with someone who fully understands what you are going through is your first step to getting a good night's sleep. But, communicating with someone who has dealt with a great many cases like yours is even better so don't waste time putting off dealing with it - act now - email IBAS from the link below and tell us about your demand.
'I found IBAS to be Impressive & professional with no nonsense. I followed IBAS strategy totally and the result was spectacular. Thanks for putting my life back on track and saving me a bucket load of money - I cannot thank you enough. I would now start with IBAS and ignore all the others who are 'selling' an imitation of these guys but without IBAS knowledge! - AT November 2016
Last modified: 16th November 2019