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Counter offer help


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Hi,

 

I am taking a log book loan company to court to reclaim my payments back to them plus the sale value of my car they illegally repossessed. My claim is for £11,500. We are at AQ stage of the court process and I have today received an offer of £2000, though they state they are confident that they will win at court and that this offer is to prove to the courts that they have tried to settle prior to court.

 

I would like to settle before court, but I want to make a counter-offer. I was thinking for £5,750, which is half of my claim.

 

Does anyone have a suitably worded counter offer template that sounds professional and makes me look like I know what I am talking about?

 

Thanks :)

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It's very difficult to suggest a pre-worded response without having a very thorough grasp of the issues.

 

However, if you haven't realised already, if you are suing for more than £10,000 then you will not be on the small claims track and this means that if you lose – or even if you simply get less then you are claiming, then you are at risk of quite substantial costs.

 

If your negotiation fails then it is absolutely in your interest to make sure that your claim is for less than £10,000 – including interest.

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Thread moved to General Legal Issues...please continue to post here to your thread.

 

Regards

 

Andy

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Very valid point made by Bankfodder with regards to track and limiting the claim to below 10K...you will also have to pay a hearing fee after submitting your DQ in the region of £545.

 

How does this claim break down to payments made and value of car ?

 

Andy

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHER

 

Have we helped you ...?         Please Donate button to the Consumer Action Group - The National Consumer Service

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