Part settlement letter recieved - some advice needed please!

[jonat]

Hi there

 

I've just recieved a letter offering £1523.49 of a claim for £17771.50. The problem I have is their deadline for replying to my LBA was the 26th Jan and although I only got the letter on Tuesday it is dated the 25th! My Questions are:

 

1. Can I send them the standard rejection letter, offering them extra time to respond.

 

or

 

2. Do I have to recover the full amoint via court, and if so will it jepordise my case?

 

Any help would be appreciated.

 

A chuffed CAG'er

[gordylar]

jonat

I would send them the standard rejection letter stating you will accept as part payment etc ,on understanding that you will pursue the remaining amount through the courts

then just continue with the tried and tested methods on the site

.

[gordylar]

Also stick to your timescales if they miss it, just continue (unless it is a full offer or you wish to accept an offer)

They seem to be late on their replys must be the amount of claims they have to deal with

It will not jeapordise your case if it goes to court just because they made an offer that was not acceptable to you. Go get all your dosh

[Bigmac versus]

Jonat very important you do not cash the cheque as they wont accept this and reitterate that encashment of the cheque will be seen as full and final acceptance of your claim against the bank REGARDLESS of your partial settlement letter, hope this clarifies the situation.

[jonat]

Cheers for the info Gordylar - a bit confused though?

 

Are you saying you think I should start my MCOL or send them a letter offering 7 day extension (bearing in mind their deadline was last Friday)

 

Jonat

[gordylar]

I wouldn't offer them an extension it would just mean you have to wait longer for your money. They would have made it clear in their offer that it is all they will offer.

Therefore continue with mcol. If the 14 days have passed since the lba stick to your schedule, 14 calender days not working days don,t give them an inch.

Hope this helps.