Marc Gander - The Consumer Survival Handbook


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.

£6.99



Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)


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  1. #1
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    Default Offer made without contractual interest

    Hi
    I have submitted the N1 form to the court, and RBSicon have until tomorrow to say if they are defending or not. However they have today made an offer of refund of charges minus the contractual interest that I am claiming for.
    Should I refuse this offer, or will court think I am being greedy?

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  2. #2
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    Default Re: Offer made without contractual interest

    Only you can answer that.

    Ask yourself how badly do you want that money and is it worth it?

    Me... contractual on mine over the last 6 yearsicon could be worth a good part of a holiday due to bank greed and my woefull mismanagement. But my prelim not even in yet as not got all statements yet so maybe in a couple of weeks I might be the one asking that question too.


  3. #3

    Default Re: Offer made without contractual interest

    The court might refuse to give you contractual but as long as you have calculations for 8% handy, the courts will probably agree to that instead (if they do refuse contractual that is). They could however agree to you having contractual. All in all it is possibly worth it however as sosii said, it is a personal decision.

    If my post has been useful, tip my scales and let me know

    Always start with the User guide!
    Stuck with RBS charges? Click here!!

    RBS CA1 2794 SETTLED!!! RBS CA2 503 SETTLED!!! HBOS CC 498 SETTLED!!! Barclaycard 705 (with CCI) ONGOING!!! NATWEST CA ONGOING!!! LLOYDS CA x 2, CC, LOAN ONGOING!!! HFC LOAN ONGOING!!!
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  4. #4
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    Default Re: Offer made without contractual interest

    What is it they say? Aim high?

    Go for contractual, the worst that can happen is you'll get 8% judicial.

    I won (by default) with contractual and have instructed bailiffs to go in.

    Good luck!

    Darren

    BOS - WON - 5.6k
    ------------------------------------------------
    Virgin Mastercard - WON - 300
    ------------------------------------------------
    Barclaycard - WON - 200
    ------------------------------------------------
    Lloyds - WON - 1.6k
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  5. #5
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    Default Re: Offer made without contractual interest

    Hi Red1, we are in a similar position with my sisters claim with BOS,
    they have refunded all of her charges and the interest on them, but are disputing the 8% contractual interest. We are continuing to persue.
    Please let me know how you get on!


  6. #6
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    Default Re: Offer made without contractual interest

    Hi Red 1,

    Refuse the offer! The interest is yours by right...your money would have earned that amount had the bank not taken the charge. MBNA owed me 550 in charges...the interest came to 590...they paid 1160 in the end. Good luck!



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