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    • Thank-you dx, What you have written is certainly helpful to my understanding. The only thing I would say, what I found to be most worrying and led me to start this discussion is, I believe the judge did not merely admonish the defendant in the case in question, but used that point to dismiss the case in the claimants favour. To me, and I don't have your experience or knowledge, that is somewhat troubling. Again, the caveat being that we don't know exactly what went on but I think we can infer the reason for the judgement. Thank-you for your feedback. EDIT: I guess that the case I refer to is only one case and it may never happen again and the strategy not to appeal is still the best strategy even in this event, but I really did find the outcome of that case, not only extremely annoying but also worrying. Let's hope other judges are not quite so narrow minded and don't get fixated on one particular issue as FTMDave alluded to.
    • Indians, traditionally known as avid savers, are now stashing away less money and borrowing more.View the full article
    • the claimant in their WS can refer to whatever previous CC judgements they like, as we do in our WS's, but CC judgements do not set a legal precedence. however, they do often refer to judgements like Bevis, those cases do created a precedence as they were court of appeal rulings. as for if the defendant, prior to the raising of a claim, dobbed themselves in as the driver in writing during any appeal to the PPC, i don't think we've seen one case whereby the claimant referred to such in their WS.. ?? but they certainly typically include said appeal letters in their exhibits. i certainly dont think it's a good idea to 'remind' them of such at the defence stage, even if the defendant did admit such in a written appeal. i would further go as far to say, that could be even more damaging to the whole case than a judge admonishing a defendant for not appealing to the PPC in the 1st place. it sort of blows the defendant out the water before the judge reads anything else. dx  
    • Hi LFI, Your knowledge in this area is greater than I could possibly hope to have and as such I appreciate your feedback. I'm not sure that I agree the reason why a barrister would say that, only to get new customers, I'm sure he must have had professional experience in this area that qualifies him to make that point. 🙂 In your point 1 you mention: 1] there is a real danger that some part of the appeal will point out that the person appealing [the keeper ] is also the driver. I understand the point you are making but I was referring to when the keeper is also the driver and admits it later and only in this circumstance, but I understand what you are saying. I take on board the issues you raise in point 2. Is it possible that a PPC (claimant) could refer back to the case above as proof that the motorist should have appealed, like they refer back to other cases? Thanks once again for the feedback.
    • Well barristers would say that in the hope that motorists would go to them for advice -obviously paid advice.  The problem with appealing is at least twofold. 1] there is a real danger that some part of the appeal will point out that the person appealing [the keeper ] is also the driver.  And in a lot of cases the last thing the keeper wants when they are also the driver is that the parking company knows that. It makes it so much easier for them as the majority  of Judges do not accept that the keeper and the driver are the same person for obvious reasons. Often they are not the same person especially when it is a family car where the husband, wife and children are all insured to drive the same car. On top of that  just about every person who has a valid insurance policy is able to drive another person's vehicle. So there are many possibilities and it should be up to the parking company to prove it to some extent.  Most parking company's do not accept appeals under virtually any circumstances. But insist that you carry on and appeal to their so called impartial jury who are often anything but impartial. By turning down that second appeal, many motorists pay up because they don't know enough about PoFA to argue with those decisions which brings us to the second problem. 2] the major parking companies are mostly unscrupulous, lying cheating scrotes. So when you appeal and your reasons look as if they would have merit in Court, they then go about  concocting a Witness Statement to debunk that challenge. We feel that by leaving what we think are the strongest arguments to our Member's Witness Statements, it leaves insufficient time to be thwarted with their lies etc. And when the motorists defence is good enough to win, it should win regardless of when it is first produced.   
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Full & Final Settlement Offers - Advice please


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I have been offered a partial settlement with a well known M type bank of 37%! Have till tommorrow to decide what to do.

If I dont pay them tommorrow I will be defaulted tommorrow so i'm completely up in the air about what to do!

 

I do not have the time or ability (Due to bank rules) to get the money into a third party account to pay it from so I would be paying them without written confirmation that it is a settlement payment!

 

Does anyone think it would be a good idea to request email confirmation from the account manager prior to paying? Would that surfice as proof they accepted it as Partial? (Tried for ages to get F&F but they would not budge)

 

Hi HJ,

 

I personally would pay nothing to them without written confirmation, they will deny anything once they have got a payment from you and continue to pursue you for the rest. This is not from my experience but from reading many threads on here to do with MBNA, I guess that's who you are talking about.

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Hi HJ,

 

I agree with Dotty50. These people will stoop pretty low, and then surprise you by going lowere still. They really are the first rung on the food chain and you shouldn't believe anything that you're 'told'.

 

With regards to e-mail confirmation, can they not send the letter as an attachment? on their headed paper?

 

Out of interest, why are they that desperate to settle?

 

M

________________________________________________________________

ALL unsolicited PMs and E-mails should be posted up - Not all on CAG are who they appear to be

 

 

My views are my own. If in doubt, seek professional advice. If I can help though, I will. CAG helped me!!

 

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Hi Bob - sorry have been off for a while and only just saw your post.

 

I would write to your bank asking why they believe they do not have to close the account after they have accepted a full and final settlement from a third party on your behalf.

 

Ask them to explain this to you in clear and concise language I would also quote to them the case laws as explained in previous posts and ask why they believe they are exempt from this.

 

I would guess them to be BS'ing you in the hope of illicting more money out of you. Do you mind saying which bank it is?

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Hi Bob I would knock a letter together saying something along the lines of.......

 

Dear CRAPPY BANK

 

I note with interest your letter dated XX/XX/XX where you acknowledge you have cashed cheque number XXXXXXX from (FRIENDS NAME) which was sent to you in full and final settlement of account number XXXXXXXXXX.

 

This was made clear in the letter attached to the cheque and you were asked to return the cheque should you not agree to this. You did not return the cheque, you did indeed cash the cheque on (INSERT DATE) and funds cleared to your account.

 

In your letter you have made demands for further payments despite accepting a full and final offer with the cashing of the previously mentioned cheque.

 

I would like to know on what basis you make further demands. I ask that you explain this matter in clear and concise english quoting any laws on which you would seek to rely.

 

I would direct your attention at this point to Bracken & Trickett V Billinghurst.

This states that if your company has chosen to bank a cheque from a third party in full and final settlement of a sum owed by your debtor you will have signified acceptance of it as discharge of the debt.

 

I now expect a written response showing that the account is now closed and my credit file will be marked accordingly. I expect this to take no more than 14 days after which I will reserve the right to take the matter to the Financial Ombudsman service or file the matter in the County Court.

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Hi Hugh,

 

If I dont pay them tommorrow I will be defaulted tommorrow

 

I agree with MandM and Dotty. Never be rushed.

 

I have been offered a partial settlement with a well known M type bank of 37%!

 

 

A "partial" settlement leaves you wide open to court action for the balance. Unless the settlement document contains the phrase "this sum is accepted in full consideration of the disputed remaining balance". In which case the partial settlement is known to be F&F, in any event.

 

 

Hi Sgx.saint, no problem.

 

You are welcome to post your F&F doc, I think there may be a template somewhere:confused:

 

Hi Bobdauilda,

 

the case law in post 37 is a little old isn't it-1911?

 

It certainly is, (to the best of my knowledge) it is still relevant case law though.

 

Bill (HNY!)

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  • 4 weeks later...
  • 1 month later...
  • 2 weeks later...
andie 303 are you out there.........?????

 

Hello there bobdauilda,

 

 

Sorry Fred and all others for intruding here, Bob what is your situation now regarding Full and Final Settlement, if your creditor has played the conduct of deceit with you, I may be able to help you sort the problem out, once and for all.

 

 

If you see this Bob, Please up-date by posting on my thread regarding f+f.

 

Kind Regards

 

The Mould

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  • 3 months later...

Didn’t work with egg. I’m the 3rd party helping a friend and decided to try the andie 303 approach. There was no involvement with the friend – the cheque & letter came direct from me with the friends details included but although I asked them to return the cheque to me at my address should they not be able to fulfil this request, they returned it to the friend with a letter saying:

 

We are unable to accept your offer as a full & final settlement. As soon as you amend the details and return the cheque we will then be able to continue with processing the cheque. It would also assist if you can write your name, postcode and egg ref on the reverse.

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  • 2 weeks later...

HELLO anyone tried a full and final with provident , ive tried on behalf of my partner whos suffering financially , is a carer so not earning millions , and outstanding balance is £350 .

i sent of a f&f letter and cheque for £200 and twice they have pushed the cheque through the door without so much as a scribble .

i thought i was being very generous

i have explained she cannot afford it etc

i sent the f and f to the local office as opposed to the head office should i try that .

no doubt they ll threaten a dca namely their in house one , and i ve thought about just telling them to take us to court and pay the £200 into the court so it would help , and they would look a bit silly i think .any help would be appreciated thankyou

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Hello there bobdauilda,

 

 

Sorry Fred and all others for intruding here, Bob what is your situation now regarding Full and Final Settlement, if your creditor has played the conduct of deceit with you, I may be able to help you sort the problem out, once and for all.

 

 

If you see this Bob, Please up-date by posting on my thread regarding f+f.

 

Kind Regards

 

The Mould

 

Hi bobdauilda

Any update on your F&F settelment.

Thanks

Regards

MAC

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Hi All

 

I have followed the process of full & final settlement letter for a friend.

 

The third party cheque has been cashed even though it stated in the letter to remove the default and any adverse history.

 

Lowells are refusing to remove the default and will only mark the credit file as settled.

 

Anyone any advice

 

Johno

Edited by johno23
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Hi All

 

I have followed the process of full & final settlement letter for a friend.

 

The third party cheque has been cashed even though it stated in the letter to remove the default and any adverse history.

 

Lowells are refusing to remove the default and will only mark the credit file as settled.

 

Anyone any advice

 

Johno

Hi Johno

Would you mind to ask you. how big the loan amount was and which amount you paid by cheque. thank you

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  • 2 weeks later...

Any news from anyone on these settlements? How have the banks responded?

 

I wanted to warn people to read through the following case before attempting this and to post their opinions here:

 

Inland Revenue Commissioners (IRC) v Fry

 

It seems very likely that this case will be used against the debtor if they are not careful. The only point we may have in our favour is that Mr Fry does not appear to have written anything on the back of the cheque making the agreement easier to rebut.

 

Also worth noting is that judges will almost never rule against the IRC due to the possible repercussions. It is one thing for the judges to make a decision negatively impacting a builder or merchant, but the IRC and banks may be a totally different kettle of fish...

 

Useful link on the subject:

 

http://www.bermans.co.uk/publications.php?5.articles.view.230

 

I just wanted to add that I in no way agree with the judgement in the case of IRC v Fry. I am sure that if the roles were reversed they would still rule in favour of the IRC, it is just another example of our corrupt legal system in action...

Edited by Akamas
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