What if my claim is over the small claims limit (£5,000 in England and Wales; £750 in Scotland)?
In the vast majority of cases, Ratio Money Ltd successfully recover 100% of the charges + interest without the need for court action. It is only when using the courts that these limits apply. Legally, you cannot repeat a claim for the same account. The majority of companies like mine, and advice sites, state that to deal with a claim larger than the Small Claims limit, you simply have to split the claim into time-bands and to put each claim through as a small claim. We have been advised by solicitors and by the courts that you cannot split a claim of any sort simply to keep each one within the Small Claims limit. The only reason that this works is that the banks never and probably never will defend a second action on the same account. We, however, have and will continue to put claims of any size through in full. Ratio Money Ltd have a full understanding of what costs could be awarded to the bank if they lost a case. The business holds a fund to cover such an occasion. You, the customer
