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Bookworm v NWB - I'VE WON AND IT'S OFFICIAL!!!

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And, true to his word, the rest of the statements came this morning, 40 days on the dot. (and thanks to my little crack of the whip couple of days ago, methinks)

 

Highligted away... They owe me £ 384.50 in charges. It would have been more (double, in fact), but I had wrangled that much in refunds in previous fights with them.

 

Well, they've already had their LBA, so Moneyclaim, here we come!

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Go for it. Are you going to serve in person? That is very satisfying.


The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread.

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Probably not.

 

Although hard to believe when you read my posts, I'm actually a very non-confrontational person face to face.

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serve in person? :o that would be my favourite thing ever. i think i'd have my mate film it!!! :D then i'll post it on here with a musical score and a laugh track :D


Fairly, reasonably and transparently kicking natwest in the man parts.

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Better still, tell your local newspaper what you are doing and invite them along.

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can i get a "hell yeah!" ?

local news, national news, red tops, i'm gonna give rupert murdoch a shout too.. it'll still only be me and my mate tho.. but who knows? lol.


Fairly, reasonably and transparently kicking natwest in the man parts.

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Ok, I'm confused. Damn maths again.

 

Moneyclaim.

Back to the daily charge: Is it calculated on the first sum claimed - charges only, or on the charges + added interest?

 

For example, NWB owes me £315.50 in charges. But the 8% bumps the total up to £446.07 total. If the former, the daily charge is 7 p a day, the latter is 10 p a day.

 

Not that it's a lot, but I want to make sure I get it right.

 

And I'm sorry if it's been explained before, when it comes to these things, my brain hits a blind corner :-(

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Are you using the library spreadsheet?

 

The way I did this was to note the total in the interest column and then charge the date on the computer by one day (don't forget to switch it back afterwards). Note the total in the interest column and deduct it from the previous total. The difference is your daily rate.

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Yes, that's what I did. But what I was asking is whether the daily rate is based on the original charges or the total, (charges + interest). The way you've done it, it is on the original charges only, is that right?

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Yes that's right. I think what you may be confusing this with is whether the interest is compounded. For some reason it isn't for court claims.

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Ok duckie. Thanks for that. :-)

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The way I did this was to note the total in the interest column and then charge the date on the computer by one day (don't forget to switch it back afterwards). Note the total in the interest column and deduct it from the previous total. The difference is your daily rate.

 

I used a slightly different way.....:)

I added 2 columns to the spreadsheet - "Claim Date" and "Daily Interest at 8% APR".

 

In the "Claim Date" column, I put the date I intend to issue my claim - then, in the "Days Since Charge" column, modify the formula to be the "Claim Date" value minus the "Date Charged" value. Copy'n'paste all the way down the list of charges.

 

In the "Daily Interest" column, the formula is just the previous "Interest at 8% APR" column divided by the "Days Since Charge" column. Copy'n'paste all the way down the list of charges. Added a box at the bottom to add up the amounts of daily interest to give the daily rate.

 

This way it doesn't matter when your actual claim date is, you just change it in the "Claim Date" column and copy'n'paste all the way down again.

 

BTW I have a modified version of the spreadsheet available, if someone wants it for the library?

 

Cheers

 

Michael


Please note that the right to reproduce any part of any post I make on this forum is restricted under copyright law.

 

Please see the following copyright statement

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Moneyclaim says claim acknowledged 5/4. Can't wait.

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Good luck with this one - better clear some space in the fridge for all the champagne!


Alecto, Magaera et Tisiphone: Nemesis on Earth is come.

 

All advice and opinions given by Spiceskull are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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Hello, people!:D

 

My postman has just brought me a letter. And attached to the letter, is a cheque for total payment. EMOTICHEERLEADER.gif

 

HOWEVER, before I break open the champagne, there's just a teeny-weeny flaw... They want confidentiality. I ask you, they want me to keep my mouth shut. Like I could even if I wanted to! :rolleyes:

 

So, I shall be writing back to say that I will NOT accept any kind of conditions attached to them paying me back MY money, and if they want to proceed to defend the claim, as they intimate they will if I don't agree to confidentiality, let it be so. :p The cheek of those people, grrr.

 

Reason given for settling is "not commercially viable to defend", btw.

  • Confused 1

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Hmmm - what to do? Take the money and be quiet, or carry on telling it like it is. I think I'd...tell them where to get off if it was me :eek:


Alecto, Magaera et Tisiphone: Nemesis on Earth is come.

 

All advice and opinions given by Spiceskull are personal, and are not endorsed by Consumer Action Group or Bank Action Group. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

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They have already sent you the cheque. So deposit the cheque and ignore the confidentiality clause as you haven't signed anything!!!!

Well done btw.

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well done bookworm!!

 

and congratulations!! :D


Natasha

 

Abbey-received DPA letter on 13/03, received some breakdown till 2004 waiting for the more recent ones(where most charges occurred)

sent reminder email on 17/4/06

called abbey on 19/04/06 to remind them:rolleyes:

sent another email on 26/04/06:mad:

Approx charges £2500

received £500 refund in dec 06

sent LBA

Capital one- sent DPA letter 17/03

Sent prim letter for charges of £260 14/04

Received a refund £109 awaiting further refund of £151

Settled IN FULL

Barclay card- Sent DPA letter 17/03 sent reminder 14/04

received info claiming £120

settled in FULL

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They have already sent you the cheque. So deposit the cheque and ignore the confidentiality clause as you haven't signed anything!!!!

Well done btw.

 

Unfortunately not. They have written: "By accepting this payment, you are agreeing not to court publicity, or disclose or refer to any 3rd party, the background to this matter, and also to keep the terms of this settlement strictly private and confidential". And then again further down, an other sentence reitarating this...

 

So it's implicit that if I cash the cheque, I've agreed to their terms. So no go, even though I'm pretty desperate for the money. It's my money, I will NOT let them dictate the terms.

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I can't believe it. They are teasing you aren't they? By sending the cheque......

I understand you need the money but I am so glad you can say no.

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You are right that you can't accept the cheque on those terms and not be bound by them.

 

Why do you want to reply?

 

You've issued the claim. They haven't satsified the claim so let the time run and apply for a judgment if they don't defend. If they do then see what they have to say.

 

I don't think that you should reply at all. I think that you should do nothing and let it dawn on them that you are not playing. Let them blink first.


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hello fellow fighter.i am currently ready to issue procceedings to nat west and although my current account got into a hell of a mess as a result of these unlawful charges i am sad to say so did my mortgage. although i paid off my mortgate 3 years ago can i find out if any charges were applied and if so am i able to claim them back .would be grateful if you could lend me some advise.kind regards,kenny ward.(fellow bank chargefighter)

Hi

Want to send a letter for my wife...what is the best address for stage 1??

 

also

 

I used to work for Natwest(I know,I know) but in mortgages, but knew and still know a lot of the premium and bank managers.Believe it or not the are in the main nice people who are being constantly hit over the head by Natwest to achieve unreasonale targets.They are told not to refund charges and in fact are pushed to charge more for(business)overdarft renews and biz loans.Most of these people are there becuae they have been tied in just like customers are with charges.

 

I personaaly found Natwest ok to work for before RBS took over.They are not run by senior manager without the first idea or care about customer service...it is all sales,sales,sales!!!

 

rant over.

 

PM me if you need any natwest inside info and I will try and help. :D


let the games begin.

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Would you mind not hijacking my thread?

 

If you have a query, and you obviously have, pls post on your own thread, it will make it a lot easier to understand YOUR story and it won't complicate things on MINE.

 

Thank you.

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Guest Lueeze

Bookworm YOU ARE BRAVE!:eek:

 

I dont know...maybe i would have crumbled

 

I totally agree you cant accept the cheque on their terms to keep one's gob shut!

 

They will have to cough up some more dosh or back off me thinks!

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Bookworm, I also think you should stick to your guns. Although I admit I would also have had trouble not just taking the money due to my current financial situation.

 

Good luck, and keep us posted!


If you found this post useful please click on the scales above.

 

Egg - £400 - Prelim sent. On hold.

Mint - On the list Est £800

GE Capital - On the list (3 accounts!) Est £4000

 

MBNA - £545 Prelim sent 13/11/2006

LBA sent 1/12/2006

£350 partial payment received 18/12/2006.

Full settlement received 20/1/07

 

NatWest - Est £4000 not incl interest

Data Protection Act Sent 10/1/07

Statements received 24/1/07

Prelim sent 3/2/07

Full Settlement received 22/2/07

 

The contents of this post are the sole opinions of The Cornflake and not necessarily the opinions of any other members of this group. They do not constitute sound legal or financial advice and if in doubt you are advised to seek advice from a qualified professional

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style="text-align:center;"> Please note that this topic has not had any new posts for the last 4184 days.

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