LLoyds have just offered £750 refund vice £3500

[minnienee]

I have just received a letter from LLoyds offering a settlement of £750. I will not accept and continue to push for the full amount of £3500...is this the wisest move, and how long on average do they hold out for?

[mbdiss]

You could accept it as a part payment but let them know you will only drop the case if you receive a full settlement with no conditions

Here is a template rejection letter

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/25716-rejection-settlement-offer.html

[minnienee]

Thanks for that advice and link to the letter. I will use that template and reply tomorrow. I assume they will not take it as a part settlement. Sorry I'm not as regular on this great site - I'm away on businees alot and have little time to catch up and join forums. Once again many thanks - miinnienee.

[nightowl53]

Thanks for that advice and link to the letter. I will use that template and reply tomorrow. I assume they will not take it as a part settlement. Sorry I'm not as regular on this great site - I'm away on businees alot and have little time to catch up and join forums. Once again many thanks - miinnienee.

 

 

thats funny lloyds tsb just offered me £750.00 to after telling me that they was not going to pay any back at all

[mbdiss]

Thanks for that advice and link to the letter. I will use that template and reply tomorrow. I assume they will not take it as a part settlement. Sorry I'm not as regular on this great site - I'm away on businees alot and have little time to catch up and join forums. Once again many thanks - miinnienee.

 

its cool when you have the time you should read as much as you can

also ask any questions you need to people will be able to help if you are not sure of things.

 

good luck with your claim and have a good xmas. you will get your mony back

[surf2c2c]

hi

funny but thats what they have offered me and i am just going down the small claims route. my claims is for nearly 3000 as well, must be standard amount they offer

[nightowl53]

yea think it is a standard offer letter im asking for 6000 over four years

[mbdiss]

miinnienee have you started a thread in the lloyds forum? if not you need too.

 

 

could a mod please move this thread

[killsville]

hi

funny but thats what they have offered me and i am just going down the small claims route. my claims is for nearly 3000 as well, must be standard amount they offer

 

Must be! They sent me the same today as well and my full claim is only £1600. Reading some of the other posts on here, TSB have paid a bit out this last few days!

[nightowl53]

Must be! They sent me the same today as well and my full claim is only £1600. Reading some of the other posts on here, TSB have paid a bit out this last few days!

im now going to the small claims court

[trick]

I also received a letter on friday the 12-1-07 saying they will credit my account £750 in the next few days. This is a good will act my behalf of the bank and does not affect your right to claim full money back from them. If they are not in the wrong why offer this money.

 

I am filing court papers this wednesdy 17-1-07.

 

Can anyone give me advise of what to do now ?

 

How has had joy with Lloyds TSB.

[cindytc]

They Also Credited My Account With 750 Saying It Was A Good Will Gesture Then I Used Some Of That Mony To Send Mcol Off As I Couldnt Send It Off Without Money I Wonder How Many Poeple Were Offerd 750

[Mindzai]

I would guess it is partly because you then lose the right top claim statutory interest on that £750, but mostly in the hope that you will be satisfied that you have some money and just drop the action.

 

My advice would be to absolutely and completely refuse any offer from lloyds unless it is the FULL amount owed, including any interest.

[trick]

I am still charging Lloyds the statuary interest which makes my claim nearly 5K. When this goes to court, and my charges are given back, they will take into consideration the £750 they have already given me. And deduct it of the final figure. I will also put court charges on top of that.

[Mindzai]

I am still charging Lloyds the statuary interest which makes my claim nearly 5K. When this goes to court, and my charges are given back, they will take into consideration the £750 they have already given me. And deduct it of the final figure. I will also put court charges on top of that.

 

You cannot claim statutory interest on the £750 unless your claim has already been filed. If they repay it before you file your claim you cannot charge them statutory interest on it.

[mooreda]

no you don't lose the interest on the £750! who said so? You include interest on the whole amount despite them reimbursing the £750 charges.

[seesaw]

Hi Everyone - I'm in the same situation. Lloyds have also offered me the £750 repayment which I have thanked them for while continuing my claim. I'm very confused about how this now affects my schedule of charges and the interest.

I have had a response to my own thread confirming that we cannot claim interest on the £750 and need to remove the charges and interest from the schedule. I saw somewhere else the following guidance 'divide 750 by the number of charges and take that off each charge e.g. 750/30 = £25. £25 to be taken off each charge.

 

How should this be done in practice? Should it be evident on the schedule that there has been a £750 repayment? Has anyone done this?

[surf2c2c]

hi

sent my small cliaims off via the internet and lloyds have filed an ackknowledgement from today so gotta wait 28 days now. anyone had the same

[Mindzai]

no you don't lose the interest on the £750! who said so? You include interest on the whole amount despite them reimbursing the £750 charges.

 

I think you'll find that s69 statutory interest is only applicable once the claim is filed. You are not claiming for the £750, therefore you cannot charge interest on it. You charge 8% statutory interest on the amount you are claiming for only.

 

Contractual interest is a different matter of course.

[Mindzai]

Hi Everyone - I'm in the same situation. Lloyds have also offered me the £750 repayment which I have thanked them for while continuing my claim. I'm very confused about how this now affects my schedule of charges and the interest.

I have had a response to my own thread confirming that we cannot claim interest on the £750 and need to remove the charges and interest from the schedule. I saw somewhere else the following guidance 'divide 750 by the number of charges and take that off each charge e.g. 750/30 = £25. £25 to be taken off each charge.

 

How should this be done in practice? Should it be evident on the schedule that there has been a £750 repayment? Has anyone done this?

 

Yes the most accurate way thatyou could reasonably be expected to use would be to divide the repayment by the number of charges and subtract the result from each charge as you say. I would include the original schedule (before any changes), then also include an updated schedule showing each charge has been reduced, and of course use the figures from the updated schedule on all paperwork.

[GARY68]

Iam Going Through A Claim With My Freind And They Too Have Offered Him The 750 As Full And Final Settlement And His Claim Is For 1600,(of Course He Is Refusing)

Makes You Wonder If This Is A New Tactic To Confuse And Save On Interest On Final Outcome,especially If They Pay Into Your Account,

Their Not Losing Out As Much In The Long Run And Could Win In The Short,also It Keeps Sachiai And Co From Piling Files Up On Their Desk...how Many Of Us Are Going To crumble .stay Focused All.

[trick]

Can anyone help me. If I touch the £750 that Lloyds sent me does it affect my claim in the small claims court.

 

Also when I claim for £4595 in the court do I add the interest on at 8% then take of the £750 that has already been paid.

 

How do you figure out the interest rate. I read that you add on interest from the first time the bank took money out of your account.

 

Please help completly confused.

[darling1]

I have also been offered £750, this was put into our bank last week, I filed in court for the full amount over £11000, the next day, not yet realising - (although my husband knew) the £750 was in the account, and the money was actually available.

I am now a bit worried that this will complicate matters for me at the court. Do I make an ammendment at the court now that I know? or just wait and see what LTSB do next?

I was advised to take the £750 from the most recent charges so that it does not affect the interest that I am claiming too much.

meaning I think that I would not be able to claim interest on the £750 charges that they refunded as this was before the court papers were filed.

Does this make sense?

[The old chap]

my wife has just been offered £170 against "600 by lLloyds. She is using th Obudsman for thge moment. They phoned her about this offer and they were not happy so they are going back to further sort things out. If they cant get the correct ammount to court we shall go

[The old chap]

Sory did not read through, It should be £2600 in my wifes claim