offer of settlement

[jodyperry]

hi

 

i am helping my uncle claim 510 in charges. he has had an offer for 490 but was due to file for court friday and was gonna send it tom. i know its only 20 short but hes claiming interest at the banks 19.9% which means 164 quid. is he likely to get this and is it worth it when there offer is only 20 quid off?

[nettyg]

hi jody

you could accept the £490 as partial settlement stating that you are going to the small claim court for the remainder. personally as it's only 20 quid short i'd take it... it's up to your uncle really

[jodyperry]

thanks netty ive told him to take it so hopefully hell get a cheque in the next few days!!

[jodyperry]

hi

 

i recently got my charges from hsbc and in the last month they have stopped 'charging' me. instead everytime i go over my limit they are writing to me saying they have agreed to my request for an informal overdraft and there is a £25 arrangement fee for this service. However they agreed to an informal overdraft today for 129.50 (apparently requested by me by authorising a payment) however just to be curious i transferred £20 into the account and there was still no available balance, so no agreed overdraft at all?? are they allowed to do this?

[ladybird17]

this happened to me too. And yes, I think they are allowed to do this.....apparently, we were informed of these changes last year.....you know the glossy leaflets that sometimes come with your statements....the ones we all throw away without reading? Well the changes were in one of those! Now technically, I think you could argue that it is not an arrangement fee, it's a penalty, (dressed up to look like an arrangement fee) but as it has only happened to me once, it's really not worth all the wrangling.

[cybergypsy]

The 25 pounds is charged for each "informal overdraft request" whether it's granted or not. So far i've had 6 of these this year none "granted" I'm treating it as a penalty. It's the same charge with a new name.

[ladybird17]

certainly -under those circumstances I would go for it. They'll do anything won't they, to wriggle out of their responsibilities?

[jodyperry]

also dress it up how they like ive just looked on my internat banking and sure enough 25 in 'charges' due to come out. thought it wasn't a charge?

[jodyperry]

hi

 

i was told by the court that the deadline is up for hsbc to submit their allocation questionnaire and it goes back to the judge today but i dont know what this means? can anyone help? thanks:-|

[rob-the-viking]

I generally means that the Judge will give them more time to comply, possibly setting a date for them to do so by. If they fail to submit the paperwork by then you can apply for judgement. Your case will be in a big pile waiting for a judge to look at it i suspect. You'll hear from the court when the Judge has looked at the file and decided on a course of action.

[jodyperry]

ok in the meantime i have found and sent the letter reminding dg about the allocation is this the right course of action?