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Delfi

Delfi Vs Alliance & Leicester

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Hey all.

 

After my boyfriend successfully claimed back almost £3000 from A&L, I thought I'd have a crack at it myself. I am going after the A&L for £1860.58, not including 8% interest :D .

 

I have read the FAQ's and feel I have a full grasp of what I am about to set out doing, just have a couple of questions that I couldn't find the answers to in the FAQ or in any recent posts from other people.

 

It says that you should only claim for the 8% interest when you take your claim to court. Can anyone tell me why you should wait till then? I visit Martins Money Expert site a lot and recently he has expressed the opinion that if you want to include the 8% interest in your initial letters to your bank, that you should do so. Is there a legal reason why you cannot request the 8% interest from your bank before you go to court?

 

Also, along the same lines, I have read that some people are claiming interest based on their banks own interest charges i.e 15.9% etc. Is there any precedent for this? Is there anyone you know of who has successfully claimed over 8% interest, either before or after taking the claim to court?

 

I am guessing that the answers to these questions will be mostly peoples personal opinions of how to go about things, but I would be interested to know what the general consensus is.

 

Thanks in advance for your answers and I'll try to keep this thread up-to-date on my progress.

 

Best wishes

Delfi xx

 

P.S If these questions have been asked before on another thread, I apologise, I did look. If you could point me towards those threads I would be grateful. :)

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Hi Delfi.

I visit Martins Money Expert site a lot and recently he has expressed the opinion that if you want to include the 8% interest in your initial letters to your bank, that you should do so.

This is a little bit of mis-information. The 8% interest which is claimed under S.69 is granted at the Judge's discretion and is not a right. So you should not add it until the county court stage.

 

The claims for higher interest rates are something fairly new and I don't think it's cut and dried but If you do a site search for contractual interest, you'll find some threads devoted to the subject.

 

Good luck with your claim.

 

Regards, Rooster.

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