Does the 8% interest only get paid if it gets to the Court Stage?

**tabac** · 9th February 2007 19:54

Hi,
Tried to find this out from these threads but cant see the answer to my question.
As I will hopefully be able to get back 6 years icon

of bank statements from naughty Lloyds and have used the calculator to add up the total charges, the 8% interest icon

column adds up to a lot of money. Do most banks pull out before the court stage so they dont have to pay the 8% interest?
I just wondered why this was held back until this stage?
Thanks, T

abac

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**hagenuk** · 9th February 2007 19:59

You do not actually add the 8% interest icon

until you file a claim at court.

http://www.consumeractiongroup.co.uk...tructions.html

See points 1, 2, 4 and 6. It is at point 6 that you can include the interest.

**lucid** · 9th February 2007 19:59

At the moment Lloyds icon

are not settling until the court stage so you probably will get the statutory interest icon

. But if they were to settle in full be fore you fiel the claim then you wouldn't be entitled to the interest.

Good luk. Lucid

**tabac** · 9th February 2007 20:48

Thanks both of you.
Nearly ready!

Thread: Does the 8% interest only get paid if it gets to the Court Stage?

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