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.
My interpretation is that they will undertake a fact-finding mission first. (just speaking to all of us first will save them a lot of time. We have all the facts!)
Then they will decide whether further investigation is required?
Hmmmm......methinks the Oft has changed its tune somewhat. This is what they are
saying in their notes to the present enquiry-
"Whilst the principles applicable to credit card default charges are applicable to bank account default charges, the threshold figure of £12 is not".
And yet back in May when they were discussing credit card charges they said this-
" We expect the banks and other finance businesses to consider the wider
implications of these principles, [relating to selecting £12 as the threshold and
their reasons for such selection. ed] and to bring any similar charges they impose
for breach of contract into line with them, where and as appropriate bearing in mind
the different legal and practical contexts in which they operate."
Now I could be wrong and the OFT are considering a lower threshold for the banks
but I am not holding my breath.
OFT Going after Banks next
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