Claims over £5,000

[Ant84]

We have a claim for nearly £15,000 on our business account, but my dad doesn't want to break it down into smaller claims of £5,000 or less, he wants to go for it all immediately.

 

What sort of costs would we be looking at to initiate a claim, and what sort of costs would we be liable for in the unlikely event that we lose in court? Also, is there a difference in timescale and procedure in this case as opposed to a claim through the Small Claims Court?

 

Thanks.

[norvernrob]

If you went to court and lost I would think the banks costs would run to several thousand at the very least.

[tedblue]

In a similar position myself but have just seen:

 

http://www.consumeractiongroup.co.uk/forum/lloyds-bank/5584-janeyb-lloyds-massive-settlement.html?highlight=loan&

 

I think that the banks will be very unilkey to go to court as they will have to divulge all information the charges. I would think it is in their best interest to settle before it reaches court.

 

I am seriously considering going for the whole amount. This is purely just my perception.

[Ant84]

In a similar position myself but have just seen:

 

http://www.consumeractiongroup.co.uk/forum/lloyds-bank/5584-janeyb-lloyds-massive-settlement.html?highlight=loan&

 

I think that the banks will be very unilkey to go to court as they will have to divulge all information the charges. I would think it is in their best interest to settle before it reaches court.

 

I am seriously considering going for the whole amount. This is purely just my perception.

 

Sorry, only just spotted the reply to this. How are you getting on with your claim now, Ted? Just read through your thread and what RBS are doing is horrible. Best of luck with your claim.