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charlie07
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Hi everyone,

 

I received a letter from Lloyds TSB's solicitors yesterday and they've offered me all my charges, plus interest and costs.

 

What bemused me about the letter is that the still won't admit any wrong doing.:D

 

They claim that they still intend to defend the claim, and that the charges aren't illegal, but they are paying me only because the legal costs would exceed the amount being requested.

 

I'm returning the letter asap and will drop my court case when the payment goes into my bank account.

 

I urge anyone thinking about reclaiming their charges, or currently going through the process, to continue with your claim until you get FULL repayment. Don't get put off by any of the bank's underhanded tactics.

 

Thanks to everyone involved with this site for creating such an excellent source of information.

 

Regards & thanks to all.

 

Charles.

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CONGRATULATIONS!

Just make sure you check for conditions attached to their offer before you sign anything. You don't have to agree to any of the conditions if you don't want to. Well done and enjoy your celebrations.

 

Lucid :)

Mindzai & Lucid vs Lloyds TSB

*Won unconditionally with contractual interest (29.85% compounded)

Lucid's Account - £749.62 * Joint Account - £2019.64 * Mindzai's Account - £595.65

*All settled in full - 6/2/07

*Hearings - 7/2/07

*Prelims sent - 9/8/06

_______

GOT A COURT DATE? A guide to the later stages

 

[sIGPIC][/sIGPIC]

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how far on in the process where you, and if you don't mind how much did you claim back. Ive just sent my allocation questionaire back and I awaiting the next move

 

Hi SR,

 

I was at exactly the same stage as you. They paid up after I sent my allocation questionnaire.

 

The total of my claim was approximately £1080.

 

Keep going - I'm sure a final and full settlement is not far away.

 

Regards

 

Charles

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CONGRATULATIONS!

 

 

 

 

Just make sure you check for conditions attached to their offer before you sign anything. You don't have to agree to any of the conditions if you don't want to. Well done and enjoy your celebrations.

 

 

 

Lucid

:)

 

 

Thanks Lucid.

 

There are five conditions on the letter. Number 1,2,3 are straight forward.

 

Number 4 basically states that I agree to keep my account within the agreed limits.

 

Number 5 states that I will incur further fees should I breach my o/d limit.

 

Do you know whether conditions number 4 & 5 are standard?

 

If I agree to these conditions, does it mean that I will have to accept these charges in the future? (I assume that this would not be the case as the fact that these charges are illegal still remains).

 

Thanks and regards

 

Charles.

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Hi Charlie,

 

The conditions are standard - see one of our settlement offers here. You don't need to accept any conditions and to get an idea of how to reject each one check out Mindzai's rejection of settlement letter here.

 

Lucid :)

Mindzai & Lucid vs Lloyds TSB

*Won unconditionally with contractual interest (29.85% compounded)

Lucid's Account - £749.62 * Joint Account - £2019.64 * Mindzai's Account - £595.65

*All settled in full - 6/2/07

*Hearings - 7/2/07

*Prelims sent - 9/8/06

_______

GOT A COURT DATE? A guide to the later stages

 

[sIGPIC][/sIGPIC]

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Hi Lucid,

 

Thanks for the response.

 

Do you think it's advisable to ask them to withdraw the conditions?

 

I would prefer to bring this matter to a close and feel that rejecting their offer due to the associated conditions will drag this on further.

 

However, I also want to reserve my right to take court action in the future (should this be necessary). Will accepting these conditions mean that I have to accept further charges and thus lose any future right to make a claim?

 

As I mentioned in my previous post, surely agreeing to these conditions does not have any impact on the legalities of this issue. I'm assuming that any future charges will continue to remain illegal, unenforcable and also reclaimable, whether I agree to the conditions or not.

 

Would this also be your take on the matter?

 

Thanks

 

Regads

 

Charles

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It's really your decision as to whether you agree to conditions, but I'm not sure why you would agree to conditions on the return of your own money!

 

Even if you accept the first 3, you should definitely reject the last 2 imo.

Mindzai & Lucid vs Lloyds TSB

 

Mindzai's Account - Partial settlement offer rejected

Joint Account - Partial settlement offer rejected

_________________________

Spreadsheet for compound contractual interest and statutory (s69) interest:

Download v1.9 [Tested with Excel 97-2007 and OpenOffice 2]

PLEASE NOTE: You should fully research contractual interest before you use that functionality of this spreadsheet. If in any doubt please use it to calculate 8% interest under s69 County Courts Act 1984.

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Congratulations Charles!!:D :D

Don't forget to let the Courts know when they have paid up, there's a letter here if you want to use it:

 

http://www.consumeractiongroup.co.uk/forum/post-487345.html

 

Barty:)

I WON!!!! :D :D :D

http://www.consumeractiongroup.co.uk/forum/lloydstsb-successes/1774-barty-lloyds-tsb.html

 

IF I HAVE BEEN HELPFUL PLEASE CLICK THE SCALES:)

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