thereshope! v natwest ****WON****

[muggins73]

I've read threads whereby the 'manual intervention' part of the SAR Request was finally sent at the later stages of the court claim!!!

 

I wouldn't hold your breathe, or indeed hold out much 'hope' on this occasion:), stick to your guns, and proceed as and when necessary.

 

Good luck.

[muggins73]

OMG!!! Can't believe she laffed like that

 

Don't give them and extra minute!!!

 

I admire your guts, i don't know if i can do it.

Just sitting on my hands waiting for my parachute account to come though and i moving everything b4 hand as NatWest seem to get nasty

 

 

Good Luck!!!

 

Good move, I did.

[muggins73]

Good lass:D

 

Stick to your timetable and yours alone, after all, the force is with you, not them;)

[muggins73]

hi thershope,

I wouldnt hold your breathe for the likes of Natwest, as there is a tendency to turn blue and fall down:D

Still heard nothing following the AQ submission, must be next week (big sigh!!)...that paint is getting awfully dry looking!!!!!

[muggins73]

Nope, I wouldn't.

 

If the infamous My Higley has written a response dated the 20th Jan then, in my humble opinion, it stands to reason that he must have received your prelim.

 

Carry on, as you are doing.

[muggins73]

It appears that Natwest are caving in earlier and earlier.

Up to you, hope. Depends if you are up to the fight or not. But, going on Natwests past performance, it shouldn't be too difficult.

[muggins73]

You could always push for a cheque and pay it in and how you choose. If it were me I would, just out of principle and nothing at all to do with being awkward:D

[muggins73]

They may be opting for this method due to the fact that your account is in default status. But, in my opinion, it is the money that you are owed, and it is down to you to make suitable arrangements to pay off your debt with them, is it not?

I haven't read any other threads who've had a default, no, but it can't hurt to ask, surely:)

[muggins73]

News to me, st.luco, why?

Apart from the reasoning behind the fact that the judge would look at this favourably if Hope was to clear the default debt, how does this have any other bearing?

[muggins73]

No, no, you misunderstood:)

Hope is asking whether it's okay to ask NatWest to refund her charges via cheque and not direct into her defaulted account as they have requested.

 

On a seperate note, have you checked your pm lately?

[muggins73]

sos:p

Will try and slow down alittle!!!

[muggins73]

Firstly well done hope!!

 

Like you I have been made an offer end of last week, which was the full amount minue the 8%, Also like I asked that I not to be paid into default account however despite having a good go at them, they refused to bend.

 

Whilst I agree with Muggins its your money the reality is (in my experince anyway) that they just keep going in circles citing the fact that you still owe on your account. And the truth is you do. Just pay it and tell them adios.

 

I think that they have decided to pay out more readily to those who owe them money as an attempt to claw back what they can once again though GOOD ON YER.... :grin:

 

I am in the same boat, although with rather alot of communicating through the collection dept, and with the CAB backing me up, I have been able to avert them from defaulting the three accounts.

I think it might be worth reminding them that you are prepared to go the whole hog and see them in court. See if that ruffles their feathers!!! However, I am concerned that the judge may not look upon this as being fair and reasonable on your part. Although, I beg to differ with that, especially as they are trying to settle without paying you back your interest.

The choice is yours. Is the price right?

[muggins73]

You go girl!!! Fighting Spirit, love it:D

 

I know exactly how you feel, when you are in the money they are all over you, as soon as the s**t hits the fan, then there's hell to pay, and they want to bleed you dry!!

 

I admire you, you have the same outlook as me. Once I've filed my court bundle will probably be right there alongside you.

[muggins73]

Well done hopes!!

 

I agree that in hindsight even good news can make you become more angry!!

 

I felt that they put me in a similar position, except it was extra borrowing on mortage. I took a big chunck from my (our) equity paid of debts, but stupidly didnt 'bin' the cards completley. Subsquently I was back in s%%t street months later, but this time bigger mortages payments and less salary!! But it was great whilst it lasted!!! Like they say I spent it on wine, woman and song.... and I wasted the rest!!!

 

I have learnt to except that I was naive, foolish. Muggins is spot on, they are not your friends but we get sucked into it. This whole proces has enabled me to face up to my 'materlisjm' and the comfort I am getting is spreading the word, and getting others to recalim whats theres AMEN

 

Here, here sillymove.

 

At least you've learnt your lesson, some simply bury their heads in the sand. You deserve a pat on the back:)

[muggins73]

If you are offered the full amount requested and it is without further conditions, you must accept it. This applies to ANY stage of your claim but be sure that the payment includes all interest and court costs if you have started your action through the courts.

Therefore,

the std template letter http://www.consumeractiongroup.co.uk/forum/bank-templates-library/25716-rejecting-offers.htmlis the one to use just adjust to suit ie. add in the part that as a goodwill gesture you are willing to reduce the contractual interest claimed from 29.69% to 15%. At the bottom inform them that you want your money to be paid by a cheque.

Hope this helps.

By-the-way it is good to hear that you are sticking to your guns;)

[muggins73]

aha didnt i try to say that earlier;)

 

Nope:) 'Cause hopes offer does not include the interest she's reclaiming!!!!

[muggins73]

In a round about, sort of way, yep:p

[muggins73]

I apologise for the hijacking hope:)

saint-luco we really must chat like this in our own threads, poor hope, she must be feelin' rather left out!!!

[muggins73]

Chat away guys !

 

I was over in muggins thread having a look through, so taken me a while to read all 11 pages !!!

 

Thanks for the link muggins.Totally knacked so will amend/print tomorrow when my head more together !!

 

Up at 0430 for work tomoz(2nt ?) so gonna take off soon or I will be a total zombie at work.

 

But you guys are free to chat in ma thread while i'm away.Not chucking out time yet :D

 

You are so accommodating!!!!!!

 

Hi,

Actually you know what I've never closed it down it's defaulted by about 2 years.

The letter says:

 

I have to mention though that the amount they owe is at least twice what I owe them.

 

Then in some respects it's all good. Let them pay it into your account, pay off your debt, and withdraw the remainder!!!!

[muggins73]

Hi grazel

 

A lot of people are also getting cheques that have to be paid into specific accounts.

 

NATTIE has advised that this is meerly a fraud prevention thingy bob, and should not affect which account you put the cheque in to.

 

You have eclusive rights to hang out in my thread whenever you want cos youv'e been so helpul.

Hope xx

 

Why thank you kind person (think you're a lady but you never know!!!)

[muggins73]

I'm here and I've made my suggestions in red. These are only suggestion if you dont like, then dont use.

Hope it helps anyway.

 

Hi guys

 

Would someone please have a read of my letter and let me know what you think ?

 

Pretty rubbish at spelling and have done a spell check but dont think its corrected some of my words ?

 

If you see a mistake can you let me know so I dont look a complete mupster when NW read it lol !!

 

Is the content ok ?

 

Be brutal if you think it warrants it .I can handle it;-)

 

I have given them longer to settle cos it suits my work commitments and I wont get chance to continue with next stage until 22nd feb anyway,so no skin off my nose !

 

 

 

 

 

 

12th February 2007

 

 

National Westminster Bank PLC

Ground Floor

National Westminster House

225 Shenley Road

Borehamwood

WD6 1TE

 

Your ref:the letter they sent should have a reference

 

Re: Account number

 

Dear Mr Higley,

 

Response to settlement offer.

 

 

Thank you for your letter dated 7th Feb 2007.

 

I respectfully decline your offer of Full and Final settlement, and request once again, that you return to me all charges imposed on my account including the contractual interest @ 29.69%, which together with the daily rate of £0.00022 are now totalling £XXXXX. I enclose an updated schedule of charges for your files.

 

Failing this, I shall be commencing court action on 22nd Feb 07 for the full amount claimed.

 

However,and as a gesture of goodwill, I am prepared to lower the contractual interest rate to 15% on the condition that this claim is accepted in its entirety and full settlement is agreed and finalized by 22nd Feb 2007. After this time, my offer will be recindered (can't find recindered in my dictionary, nearest to is: recited) and the claim will revert back to the original claim of penalty charges and contractual interest at 29.69. %

 

I am also not prepared to agree to any confidentiality clauses you try to impose, unless of course you wish to make an offer of due consideration in addition to the amount of £xxxxx (I put £2,000) in order to be afforded thi spriviledge by myself.

I also require that my claim is paid in full by cheque.

 

I trust this clarifies my position.

 

Yours faithfully

 

 

 

 

 

Thereshope!

[muggins73]

Might have a point there hope, as I didn't go down that route, not 100%

I just added bits n' bobs from the letter I draughted, didn't take into account the contractual bit. Just to be on the safe side scrap that bit, if you like.

[muggins73]

Think it may be resinded

 

Nope, that's not in my dictionary either (unless my particular collins dictionary is a load of ****)

[muggins73]

Hi muggins and grazel

 

I guess if I cant spell it then I shouldnt use it lol !!!

 

Its a term that ive heard at work, that is used in the context of something that has been earned , but is then withdrawn due to someones breaking the rules or negative/ poor behaviour !

 

Thought it sounded good but guess I should use another word as not a 100% on its spelling !

 

Think that the interest you have mentioned muggins is the statutory 8% that is calculated when you get to court stage so will omit it from my letter(saw it mentioned in lucids thread)

 

Hope xxx

 

Nope, the daily rate is a totally seperate interest amount to the 8%, that much I do know It is worked out using the advanced spreadsheet. I guess if you use the contractual interest spreadsheet it may not come into play?

[muggins73]

Just fund this thread for you which not only itells you how to work out the daily rate of interest but mentions contractual interest to.

http://www.consumeractiongroup.co.uk/forum/lloyds-bank/65552-working-out-daily-intrest.html?highlight=daily+interest+rate

 

should explain it better than I could.

 

Also got this off of the hmcs website and shold help to explain the daily interest rate even more.

 

Interest

 

You can claim interest on the money the defendant owes you. If you want to claim interest, you must include it in your 'particulars of claim'. Write your claim in the following way:

'The claimant claims interest under section 69 of the County Courts Act 1984 at the rate of 8% a year, from [date when the money became owed to you] to [the date you are issuing the claim] of £ [put in the amount] and also interest at the same rate up to the date of judgment or earlier payment at a daily rate of [enter the daily rate of interest].

Working out interest

 

To work out the amount of interest you are owed up to the date you start the claim, you first need to work out the daily rate of interest. Using a calculator do the following:

0.00022 x the amount of your claim.

This gives you the daily rate of interest.

You then need to work out the amount of interest you are owed up to the date you issue your claim. Count how many days have passed since the money became owed to you and multiply that number by the daily rate of interest.

For example,

If you are owed £1,000, the rate of interest would be as follows:

0.00022 x 1,000 = 0.22

So the daily rate of interest is 22p.

If the debt became owed to you on 7 March and you are filling in the claim form on 26 April, 50 days have passed.

So, 50 x 0.22 = 11.

You can add £11 to the amount you are claiming.

 

 

 

Hope this helps.