A 220 page introduction to all things consumer related by our own BankFodder.
Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.
Cagger since : Mar 2006
Posts : 24 (0.01 post per day)
How to decline a settlement offer?
This is a new thread as I don't know how to continue on my existing thread.
At the end of August I received a letter from Cobbetts offering me £2100 of my £4000 claim. It gave me 7 days to respond but I was away on holiday and the time had expired when I returned to find the letter. I have today received the letter again, giving me a further 7 days. The difficulty I have is that this claim has been going on since June and the 28 days that I initially gave them has long since passed. I have found the letter template to decline the offer but the ending isn't appropriate as I can't say 'My letter before action sent previously indicates that you have until 23/07/06 to respond before Court action commences. You are reminded that there will be no extension to this timescale' so what date is reasonable to put on the end?
This is what I have prepared, is it acceptable?
Response to settlement offer.
Thank you for your letter dated 05/10/06.
I respectfully decline your offer of settlement and request, once again, that you return to me all charges imposed on this account, totalling £4000.00
I will accept the sum offered only as part settlement and on the clear understanding that I will pursue recovery of the remainder, with a county court claim if necessary.
You have until 20/10/06 to respond before Court action commences. You are reminded that there will be no extension to this timescale.
Cagger since : Apr 2006
Posts : 23 (0.01 post per day)
Re: How to decline a settlement offer?
Hi, I think your letter is excellent! straight to the point, and no messing!
A friend of mine is claiming from Natwest and is in the same position, would it be possible for her to use your letter? I know there's a similar template letter, but prefer your wording!
Sorry if this seems cheeky, but I think its better to ask, rather than just pinch it.