Test case vedict - what does it mean to me?

[MissPhonic]

Morning all!

 

Not been on here for a while since my case was stayed by the judge in August, but I'm digging out my paperwork, dusting it off and picking up where I left off - I think?!

 

What does the verdict mean? What do I have to do now or will the court process get moving all by itself again?

 

I would be grateful for any advice in idiot terms please!

 

Vicki

[MissPhonic]

Arses!!

 

Just read the BBC News story and I quote:

"Cases currently on hold in the county courts will stay on hold until the end of May, when the banks will decide whether they are going to appeal against the ruling."

 

Bottom Burps!

 

Vicki

[deadlykiss]

hi , im same as you got stayed in court in sept /oct , dunno if we have to apply for stay to be lifted or not im trying to find stuff out , just keep reading diff forums i guess some one will post answer soon enough

[jules1973]

I so hope that they dont appeal, I guess that will hopefully thrash out a deal behind closed doors where they can agree on say £1.00 per charge and we all get lovely fat cheques sitting on our mats within the next few weeks.

[adamski]

Looks like it could take up to 12 months or when the case is finally resolved which ever is soonest.

The banks will surely appeal, we will just have to wait and see this looks like going on and on and on

In the mean time they can continue to rip us off

[jules1973]

I really don't think they will appeal, they are struggling enough to get people to bank with them, what with the credit crunch, so if they look like the good guys and pay out, they might think we will plough the money back into their coffers. (fingers crossed I am right).

[freakyleaky]

I really don't think they will appeal, they are struggling enough to get people to bank with them, what with the credit crunch, so if they look like the good guys and pay out, they might think we will plough the money back into their coffers. (fingers crossed I am right).

I am loving your optimism Jules. I hope you are right.

[jules1973]

well a girl can dream

[vinegarvera]

I really don't think they will appeal, they are struggling enough to get people to bank with them, what with the credit crunch, so if they look like the good guys and pay out, they might think we will plough the money back into their coffers. (fingers crossed I am right).

 

 

Also the interest will be building in the meantime!!

[psm]

I havn't had the time or inclination to plough through the whole of the 119 pages of the judgement and there is no index, so my question is " is there anywhere in this judgement that relates to the Abbey National's historic T&C's and in particular their reference to a "Breach of contract" between the bank and the customer.

[kev2b3]

I so hope that they dont appeal, I guess that will hopefully thrash out a deal behind closed doors where they can agree on say £1.00 per charge and we all get lovely fat cheques sitting on our mats within the next few weeks.

 

I feel if the banks and the OFT did thrash it out between closed doors and between them came up with a reasonable figure for charges, the banks would curtainly save some face. I worry the longer this goes on the more changes there are of the government getting involved and we all know who's side thet will take.

[sidcom]

I havn't had the time or inclination to plough through the whole of the 119 pages of the judgement and there is no index, so my question is " is there anywhere in this judgement that relates to the Abbey National's historic T&C's and in particular their reference to a "Breach of contract" between the bank and the customer.

 

I did plough through it all its heavy and there isnt a refference to the "breach of contract" although it is stated that their current terms and conditions arnt written in a way that makes them clear to joe public

[african_igbo]

Hi CAG

 

So for all that have had "Stayed" Cases what happens next, Do I contact the Small Claim Courts, will the Small Claims Court Contact me, Do I contact the Bank or will they Contact me. If this was the other way round I bet the letter would have arrived in the post by FedEx from thee Banks I wont my day in Court or pay my charges and s69 interest with it back asap thus the "Credit Crunch" wont be a lack of it cash crunch I can pay off two credit cards and finally burn them for good "NO MORE CREDIT!".

 

So I hope some one on this forum can explain what we can or cannot do, As I assume I contact the Courts for my "Stay to be un Stayed and expect another Court Date!.

 

Regards

[psm]

Basically we have to wait till the 21st May to find out if the banks are going to appeal. If they are not going to appeal we have to wait for the OFT to decide if the bank charges are fair or not, after that the OFT and Banks have to settle on what is a fair rate of charge. I imagine that if the banks are not going to appeal we will be able to go to court to get the stays lifted, however I doubt very much that any judge will want to decide a case until the OFT has finished its investigations. No doubt someone out there will correct me if i am wrong.

[kev2b3]

Am i right in saying, if the banks appeal about the fairness of the charge,could'nt the OFT appeal on weather its a service or a penalty by using the old t&c.... Just a thought.