confidentiality

[gbd]

Should confidentiality be accepted as part of an offer of settlement (they are offering the full amount requested; on condition of anonymity).

[richardc]

I would tell them that confidentiality costs. How much are they willing to pay for it?

[alanfromderby]

If we don't hear from you we will assume it was enough. LOL

[Spiceskull]

Confidentiality is one thing, and in all fairness, I don't think we should castigate the banks for making this request.

 

However, asking you to sign away your right to bring further claims over the same issue of charges is not on, and this should not be part of an acceptance letter.

[richardc]

Of course they're entitled to ask for it. However, like any service or product they supply - it has a price.

[Spiceskull]

A parallel poll on confidentiality payments then - concurrent with the charges recovered poll?

[padi777]

I asked for £250.00 from C&G owned by Lloyds I don,t hold out much hope.But I,ll be happy just to get my money back

[BankFodder]

The money is yours. It has been taken unalwfully and you should not accept any conditions which the bank might want to attach to its repayment. Don't forget that we have the excellent tape of the McNamara interview which is waiting to be used in evidence against Lloyds. Lloyds are the most vulnerable of all of the banks because of this interview.

 

If they really want to bury their shame in a confidentiality agreement then you should make them pay for it. Confidentiality is valuable. Don't give it away.

If you want some advice then you can pm me in confidence for a view on what youshould ask and how strong your case is.

 

As to the comment about not castigating the banks for wanting confidentiality, I'm sorry but I do. There is no confidence in iniquity and the banks taking of other people's money in this way is iniquitous.

I castigate them I castigate them for this whole sorry mess that they have gotten us and themselves into through their heartless greed.

[Mgizmogpc]

Surely, by this time confidentiality has become somewhat denigrated by the sheer weight of publicity that this campaign has generated. Initially confidentiality was an issue for the banks. But now, the time for negotiating on this point has passed. Keep to the issue of what was taken and the interest thereon and forget confidentiality, that issue is in the public domain for those that are willing to tap in a search string. Therefore it has no value at any negotiating table. The charges however are different. They are owed to you by law as is interest and removal of Credit References and the rest... Confidentiality agreements are more about "payback" to my mind which is revenge. Revenge is not the issue here, let's not be greedy and keep our eye on the ball and get back what is rightfully ours.

Besides that, if you negate the possibility of a Confidentiality agreement, you are free to discuss this matter and your case in open forums like this which will help others to hopefully shoot down the current system and prevent further charges for everyone. If everyone keeps it " under their hat for a price" for the bank's sake, surely they are adding to the problem rather than correcting it, which is the ultimate aim of this campaign. Bugger Confidentiality, if you accept a payment for it then you help the banks rather than the people here on this site. "Make them pay then have your say!" Just a thought, take it as you will and mull it over...

[Spiceskull]

As to the comment about not castigating the banks for wanting confidentiality, I'm sorry but I do. There is no confidence in iniquity and the banks taking of other people's money in this way is iniquitous. I castigate them I castigate them for this whole sorry mess that they have gotten us and themselves into through their heartless greed.

Which is exactly why they are requesting it. Don't get me wrong, I have absolutely no sympathy at all for the banks, and believe that EVERY single example of their robber-baron behaviour should be exposed for the re-imposition of the feudal system that it is. But from where I see it, confidentiality is about the only strategy the banks have left to fall back on.

 

As Mgizmogpc says, this is about getting your rightful money back, it is not about revenge. Bringing the banking system to its knees will not really be helpful in the long term, as other organisations will step in to fill the breach, and they will certainly find ways to avoid this situation.

 

A request for confidentiality can be seen as a tacit admission of guilt by the bank to the customer. If the bank offers, and people accept, people are in the enviable position where the bank has said 'you are the boss...' - you have beaten them at their own game, and they will never be able to treat you in this way again.

 

But as you so rightly say BF, this is not to be sold cheaply. If they ask for confidence, and they want it more than anything else, then you're right - set a realistic target that let's them know in no uncertain terms how you feel about them. If they make enough confidentiality payments, they will soon realise that it is cheaper to just pay out the initial claim instead. That will be good news for everyone else...

[intersimi]

How about 50% on top of your claim for a fair price!

 

I agree the banks would still want to keep this under wraps. They will ask that you pay charges if you go overdrawn again. The nightmare never ends. Despite the fact that you have put all this effort in to get YOUR money back. Effectively, you get nothing out of it, nothing.

 

If you win the case, you don't win, you break even. The millions of other people without the courage to claim lose. You lose the time and energy you have put in. If they want to shut you up, I would say that a fair payment is 50% of your claim on top of what is yours already.

[dave]

I would say start the bidding at 50k.

 

The publicity will almost certainly cost that.

 

If they pay, we expect to hear no more from you - apart from maybe a book token ;-)

[intersimi]

lol

[Mgizmogpc]

No, forget your 50K arguments over confidentiality. It is as unethical as the initial premise that this site was set up to fight. Yeah I'd love a bank to hand me 50k and shut up, I'd never speak again! On any matter for 50K. But it's not just the individual in respect of this issue; it's about everyone and the torment the banks etc are inflicting on them. Every time you agree to a confidentiality agreement you are stifling your voice for a few bob in your pocket; But to the detriment of those who haven't plucked up the courage to approach their bank ( Not everyone is pro-active, some folk don't want the hassle, despite hating the system the way it is ). If you win, you should shout it from the roof tops and not put yourself in the position where you have "Prostituted" your hard fought credibility and legal right to reclaim your money to the banks so that they can carry on giving everyone a "rear ender" they way they have done since time immemorial. Get what you are entitled to plus interest, but please, please, forget this "Confidentiality" issue, it benefits an individual financially in the short term, it benefits the Banks also in the short term, but it cheapens the arguments of this site and makes everyone look like a " compensation chaser", for God's sake; lets keep control of the moral high ground. Focus....

[dave]

I think you may need to read between the lines.

 

It's basically another way of saying "no" to confidentiality - and letting the bank know that you are in command.

 

No bank is likely to say yes to 50k - if they do, then I would certainly take it.

 

I may stand on the 'moral highground' but I'm not stupid.

[fatdave42]

for God's sake; lets keep control of the moral high ground. Focus....

 

Sorry Mgizmogpc, but for that sort of money I would not take the moral high ground.

[Spiceskull]

I agree with the 'prostitutes...' - a compelling sum is very compelling, although I think that 50% would just make me a cheap tart.

 

I know exactly what you mean Mgizmogpc, and I feel the same way. Even to the point that if I could guarantee compelling the bank to demonstrate actual costs in court in exchange for my charges being lost, then I would do it.

 

However, the banks do want this to be kept quiet, and Dave is right. They won't pay £50K, but they may offer half that. If they don't, you are then free top shout it to the world...

 

I think I will sell my silence at 500% of my claim, which I would consider to be a reasonable amount. This does not prevent you helping others, but it clearly means that your own case does not influence that help...

[dave]

This is the advantage that banks have - they have unlimited funds and we have limited means.

 

This means that we can be bought. Everyone has a price. If the banks came to me and said "here's 2 million quid to shut the site down." I'd take it. Sorry, but my selflessness only goes so far when I have a family to look after.

 

Very unlikely that the banks would do that of course, and so we're all quite safe ;-).

 

Don't get me wrong - Abbey tried to silence me; I refused and started this site - I believe wholeheartedly in shouting it from the rooftops and getting the word to as many people as possible. I think what the banks have done/are doing is disgusting and they need to be shown up for what they are - Greed cowboys in pin-striped suits.

 

Many, many, many evenings I have written 'press releases' and emailed the BBC, all the national press etc... in an attempt to get more of the word spread.

 

I'm not a sell-out, but I believe everyone has a price.

[Spiceskull]

Again, I suggest some sort of poll as to what would be considered an acceptable 'bribe' to keep schtumm. It would certainly give a guide to those who have been made an offer, and are deliberating over whether or not to accept...

 

I'll start the ball rolling with 500% of claim (charges only, not interest...), so that come in at about £15K.

[gbd]

Thanks all for your advice.

 

After posting the question I re-read the letter and decided then not to accept a confidentiality clause.

 

I'm too big a blabber-mouth and wouldn't want them to be able to re-claim the money from me on a technicality!

[breadline]

Hi there

just want to say, Fairplay Gbd.

i rememebr how belittled i felt when due to these debits and stealing by my bank, I had to hand lloyds all my incoming and outgoings and request them to be kind as i was having a hard time, and they still treated me like dirt.., i felt like i had demolished all the outside walls of my home and said "hey take a look at my life". It was degrading..

 

I would shout from the roof tops if i had the chance to do the same to them

What goes around comes around.

Sod um.

 

jules

[dave]

Quite right too.

 

I too have had the same degrading experience.

 

Little did I know what I know now - I have read lots and lots of legal books and suddenly THEY are the ones on the back foot.

 

'bout time too, I say.

[gbd]

This topic was closed on 03/07/19.

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