Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential. Please include a link to the post you want me to look at. If you have received a defence, contact me.
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Thanks for the reply, so let me get this right....
Month 1 i pay £30 for PPI
Month 2 my £30 is now worth £30.20 (30 x 0.66%) and another £30 is paid so total is now £60.20
Month 3 my £60.20 is now worth £60.60 and another £30 is paid so total owed to me is now £90.60.
Month 4 my £90.60 is now worth £91.20 and another £30 is paid so total owed to me is now £121.20
Month 5 my £121.20 is now worth £121.99 and another £30 is paid to total owed to me is now £151.20.....
I have no legal training and the advice I offer is a matter of support. Before you commit to any Legal action you are advised to contact a qualified legal practitioner. ------------------------------------------------
Bank charge successes:
Halifax - Full settlement incl interest.
HSBC - Settlement, goodwill no admission of liability about 75% of claim.
RBS - Settlement, goodwill no admission of liability about 70% of claim.
2 ongoing claims for bank charges with HSBC with more to come. (Supreme Court ruling could have upset these claims) They did
PPI Successes
PPI 4 settlements on 9 loans. FOS involvement on 7 added on the 8 % Statutory interest another 30% to both.
2 claims settled in full with LV without FOS involvement.
2 claims settled in full with HSBC without FOS involvement
PPI Claims ongoing with:
Cap one Now with the FOS
Barclays. Paid up today 24/04/10 cheque received for over £4,500 and in the bank.
LTSB still have to decide on this as their SAR production was abysmal. Papers data mixed up documents missing etc
Please do not PM me for advice as it may be sometime before I can respond.
Keep at them. Do not give way and do not accept all they tell you, they will delay and stall for as long as they can to prevent repaying you your mis-sold PPI.
a jacuzzi with Bananarama. I have not lived in Bolton since 1986
Posts
6,823
Re: Statutory Interest Help!
Stat interest can be claimed at the rate stated in the contract.
The 8% is for when there is no rate stated
(eg: if you're sueing Dixons because the toaster you bought doesnt work. or your joiner, because the shelves he put up collapsed wrecking your collection of model locomotives.)
a jacuzzi with Bananarama. I have not lived in Bolton since 1986
Posts
6,823
Re: Statutory Interest Help!
Thats what it says in the small claims guide I got from the Court when I first started all this, so Ive claimed stat interest at the contractual rate in all my claims and everytime they have coughed up without so much as a "yeah, but no but" on this
a jacuzzi with Bananarama. I have not lived in Bolton since 1986
Posts
6,823
Re: Statutory Interest Help!
Each £30 needs to be looked at as an individual "wrong" they have done against you, so should be worked out from the date it was made until the date it is repaid to you
Calculate the interest from the date of each until no, then add up all the totals.
The Compound interest calulator will do all the hard work fot r you.
Statutory Interest Help!
is 8% PER MONTH!? Surely this cant be right... is it?
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Originally Posted by noomill060
