Jump to content


Confused about Preliminary Approach for Repayment Letter


alistairk
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 6186 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi chaps.

 

I am writing (copying!) the Preliminary Approach for Repayment Letter as I have worked out my schedule of charges.

 

However I am confused.

 

I'm sure I read that you don't add the 8% interest at this point and should hide that column on the spreadsheet (I am using the English simple spreadsheet)

 

However the letter

 

http://www.consumeractiongroup.co.uk/forum/bank-templates-library/671-2-letter-preliminary-approach.html

 

states that I will be claiming interest and states the ammount. (under the "What I require" section).

 

So do I include the 8% interest at this point or should I edit that bit out of the letter?

 

If I don't add the 8% now what happens in the unlikely event that the bank decides to settle right away?

 

Thanks

Link to post
Share on other sites

The 8% is STATUTORY interest which the court can award you, and that is only applicable if case goes to court. However, CONTRACTUAL interest is claiming back the interest they have charged YOU on your charges/penalties. This can be calculated on the contractual interest spreadsheet and can be claimed from day 1.

Link to post
Share on other sites

  • 1 month later...
  • 2 weeks later...
Do i have to post the prelimnary letter or can i hand it in person

 

sodapop123

 

This should be sent to the registered address of your bank.

(as opposed to your local branch)

 

Y

 

Open Cases

Citi Credit Card.

Sansbury's Bank Credit Card.

 

Credit Cards

Barclaycard -WON! Amex - WON! MBNA (x2) - Won!

Mint - WON! Monument - WON! Morgan Stanley - WON!

Egg - WON! Halifax - WON!

 

Banks

 

08/06/06 Claim against NatWest started.

01/11/06 Case Closed :-)

 

08/06/06 Claim against Halifax started

24/08/06 Case closed :-)

 

 

Visit my forum: http://snowwatch.forumsplace.com

Credit Cards

Barclaycard -WON! Amex - WON! MBNA (x2) - WON!

Mint - WON! Monument - WON! Morgan Stanley - WON!

Egg - WON! Halifax - WON! Sainsbury's Bank - WON!

Citi Cards -WON!

 

Banks

 

08/06/06 Claim against NatWest started.

01/11/06 Case Closed :)

 

08/06/06 Claim against Halifax started

24/08/06 Case closed :)

 

 

Visit my forum: http://www.planet-watch.org/forum

Link to post
Share on other sites

where do i find the spreadsheet?

 

chatterbox1

 

Try here: http://www.consumeractiongroup.co.uk/forum/general/51736-excel-contractual-interest-spreadsheet.html

 

Y

Credit Cards

Barclaycard -WON! Amex - WON! MBNA (x2) - WON!

Mint - WON! Monument - WON! Morgan Stanley - WON!

Egg - WON! Halifax - WON! Sainsbury's Bank - WON!

Citi Cards -WON!

 

Banks

 

08/06/06 Claim against NatWest started.

01/11/06 Case Closed :)

 

08/06/06 Claim against Halifax started

24/08/06 Case closed :)

 

 

Visit my forum: http://www.planet-watch.org/forum

Link to post
Share on other sites

  • 3 weeks later...
  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...