Thread: Morgan Stanley

Anyone got address for MS to send off my SAR please?

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Thanks

phatram- read my Morgan Stanley thread.

Yup!

I wrote all my letters to the Glasgow office, but on my Small Claims form Igave the defendents address as 25 Cabot Square, which is where the court sent it.

Morgan Stanley promptly lost it/ignored it and failed to put in a defence and I won by default.

Goldfish"
*
Goldfish Bank Limited Hertsmere House 2 Hertsmere Road London E144AB

10 July 2007

PRIVATE AND CONFIDENTIAL
Dear Mrs. xxxxxxxx
Mrs. x xxxxxxxxx and Goldfish Bank Limited
Claim number: xxxxxx
Account numberxxx xxxx xxxx xxxx
I am writing with reference to your Claim issued in the Derby county court on 5 July 2007 (Claim).
As you may know, the Morgan Stanley group has decided to establish a separate credit card business in the UK, and as a result, your credit card agreement was assigned from Morgan Stanley Bank International Limited to Goldfish Bank Limited ("Goldfish) on the 1st June 2007.
We note that the amount you are seeking to recover consists of the full amount of default fees applied to your account, the court fee and interest at a rate of 23.9%.
We would like to bring to your attention to the recent case of Halliday v. HBOS pic in which the High Court ruled that compound interest is not recoverable in bank charges cases. We are prepared to pay you simple interest at the rate of 8%.
Goldfish is therefore prepared to make a payment (by cheque) of £213.28 in respect of your complaint without any admission of liability on its part. This is made up of £110 in charges, £50 court fee and £53.28 interest on the charges. Goldfish will make this payment provided that you agree to the following Settlement Terms:
1. This offer is accepted in Full and final settlement of your complaint and the subject matter.

2. You will sign and date a copy of this letter confirming your agreement and return it to Victoria
Maschio, Hertsmere House, 2 Hertsmere Road, London, E14 4AB.
3. You will write to the Northampton Court within two days of receiving the cheque informing the
Court that you have reached settlement with Goldfish Bank Limited and that you wish to
withdraw, in its entirety, the Claim you have brought.
4. At the same time you will send a copy of the aforementioned letter to the Northampton County
Court to Goldfish Bank Limited, (attention Senior Counsel) Hertsmere House, 2 Hertsmere
Road, Canary Wharf, London E14 4AB.
This offer is available for acceptance up to and including 4pm on 25 July 2007. On confirming your agreement and complying with the above conditions in full, Goldfish will make a payment (by cheque) of £213.28.
I look forward to hearing from you in reply as soon as possible. Yours sincerely,
Victoria Maschio
Legal and Compliance Department
I agree to the settlement of my complaint on the basis of the Settlement Terms outlined above.
Signed......................... .
Mrs. xxxxxx xxxxxxxx

Any thoughts anyone?

I had a similar letter yesteday but with VERY restrictive confidentiality provisions. Interesting that they missed this out on yours?

How did you calculate your claim? How much is it for?

Its impossible to give you meaningful advice if we dont know your figures, we can know whether they are offering you all the money you are claiming.

Dont worry about confidentiality demands- they are talking crap, in fact most of this letter is crap.

They owe you money, who the stuff are they to lay down the law?



How much was your claim?

The claim was for over 400 including compound contractual interest, but as a precedent has been set concerning this my wife has followed advice on here to accept the offer, but, unconditionally.

Were you claiming county court interest at the contractual rate?

Did you actually work out the interest levied on each charge from the date each charge was made?

She used Vamps simple credit card spreddie that she has used successfully twice before

You are entitled to your charges+ contractual interest +at least 8%

They are trying to cloud the issue talking about that case they mention.

In that case the claimant was claiming contractual interest of the charges PLUS county court interest at the contractual rate as well.

The judge said he was quite entitled to to CI on his charges, but only 8% County Court interest.

Have they offered to refund the CI on your charges?

O well too late now
Thanks for pointing that out though for future reference

phatram- you should have read my Morgan Stanley thread back in April.