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Should I accept?


dlan29
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HI all

 

First of all many thanks to those that run this site, it's been invaluable over the last few months and has brought me to the situation I find myself in today.

Having downloaded completed and sent off the approriate letters to Nat West I received my first response from Nat West bank this morning offering me full settlement of £2,366.00 for all the charges I have accrued over the last 6 years.

Now I know I should be celebrating the fact that I havent had to threaten them with court action and their first response has been a favourable one but my question is this:

Should I hold out, add the 8% interest and claim back the total amount which comes to over £3,000.00 or be gracious and accept their offer?

Am I just getting carried away and being greedy?

Once again many thanks for all your help.

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Hi Dlan :)

I'd say accept - the courts don't favour folks who just go after the interest.

If the offer from Natwest is for the full amount ENJOY:D

Congratulations too!!!

If you decide to send back your acceptance letter (even though a pre-paid envelope is provided send it recorded delivery so it doesn't slow down the money being put into your account) It's always good to have proof.

NatWest : £857.00 won! March/07

Natwest : Witholding my statements & adding defaults etc , S.A.R sent Jan/08

Natwest for my partner : £2,101.00 won! Feb/07

Studio Cards : Refund for admin charges £108 Won! Dec/07

Complaint made to FOS for P.P.I Jan/08

Nationwide: S.A.R - (Subject Access Request) sent for statements Nov/07 ( waiting to see what happens in the OFT test case )

Littlewoods : defaulted on CCA request Feb/07

DCA's that crawled out from the woodwork and have crawled back : 28 so far!!

My favourite link on CAG:

Click here: Can't Find What You're Looking For? Here's A Complete A-z Index - The Consumer Forums

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Well done Dlan-it is always good to hear of people winning.

 

Just as a point of interest how long was it between you first claiming from Nat West and them offerring you full settlement?

PPMAN159

 

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Hey Caz..

 

I think your right I just saw pound signs flashing in front of my face....

I should take whats offered and enjoy.

PPman I requested my statements in December '06, and sent the PAR letter on Feb 26th so it's been a few weeks but not as long as I expected.

I cant believe I didnt have to threaten them with court action, what a way to start a Bank Holiday weekend.

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Thats not bad-I have been going at tyhem since November and have now lodged a claim via MCOL.

 

Anyway enjoy the money and dont spend it all at once!!!!

PPMAN159

 

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I agree a great start to the Bank Holiday weekend:D

I sent my SAR off in December and my LBA on 7th March and had a full offer on 20th March PPMAN if that helps!

I'm still waiting for the money to go in my account though...lol thats a whole new saga they forgot to put me on their internal spreadsheet but it seems to be sorted now:D

NatWest : £857.00 won! March/07

Natwest : Witholding my statements & adding defaults etc , S.A.R sent Jan/08

Natwest for my partner : £2,101.00 won! Feb/07

Studio Cards : Refund for admin charges £108 Won! Dec/07

Complaint made to FOS for P.P.I Jan/08

Nationwide: S.A.R - (Subject Access Request) sent for statements Nov/07 ( waiting to see what happens in the OFT test case )

Littlewoods : defaulted on CCA request Feb/07

DCA's that crawled out from the woodwork and have crawled back : 28 so far!!

My favourite link on CAG:

Click here: Can't Find What You're Looking For? Here's A Complete A-z Index - The Consumer Forums

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Guest NATTIE

Brunette21, NatWest bank have settled on the charges and a court can only award interest so not to take the settlement means you have no case.

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Was meant to be a row of happy smiley's ........... but didn't work.............!!!!!!!!!!!!

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hiya

 

dont accept the offer, you want the full amount..... they will pay up

 

hi everyone

congratulations

 

i read on a thread that if u get offered the full amount b4 court action u have to accept this offer as the bank has given u what u asked 4.I might be wrong soif any one advise on this with a definate answer it would be helpful to others with a similar dilemma

 

regards

 

scott

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The definitive answer seems to be that if you're offered the full amount before going to court (e.g., minus the 8% interest) accept it. Only the courts can award the 8% anyway........... so the best advice is to take the charges!!! Makes sense to me :D

Can't find what you're looking for? Please have a look at Michael Browne's

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The definitive answer seems to be that if you're offered the full amount before going to court (e.g., minus the 8% interest) accept it. Only the courts can award the 8% anyway........... so the best advice is to take the charges!!! Makes sense to me :D

 

 

thanks hedgey

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No problem scott........ with the huge amount you're claiming, it deffo pays to double check anyway!!!! xxx :D

Can't find what you're looking for? Please have a look at Michael Browne's

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No problem scott........ with the huge amount you're claiming, it deffo pays to double check anyway!!!! xxx :D

 

this site is like a dan brown novel once you start reading you can't stop, im turning into a bank charges info sponge,just keep on soaking up the info,ive got 6 friends going through the process (all at lba) and they find it to complicated so they just ring me and i print letters and advise where i can if i dont know the answer i come back here and read and read and read so i dont want to make silly mistakes.

 

scott

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Hey Scott....... it's so addictive on here isn't it??? I get home from work - totally blank hubby and kids and log on to CAG instead!!!!!!!! it's becoming the worse obsession that anybody could ever have (but in a good way though)!!! Never mind......... at least we're winnin' while we're postin'!!!!!!!!! xxxx :D

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Whoops........... you're right there mate!!!! Don't want Tory Blair gettin' his hands on CAG!!!!!!!!! xxx :D

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Hedgey I don't think we have to worry about Tony Blair, look at what Gordon Brown has not dun for us, especially on he pensions front. and they reckon he will take over, NOT, if I have anything to say about it with my vote. LOL

 

Jay

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Hedgey shivers and perishes at the thought!!!!!!! Gordon Brown......... might as well be Gordon Bennett for all the use he is to us!!!!!! Proper muppet - of the first degreee!!!!!!!! xx :D

Can't find what you're looking for? Please have a look at Michael Browne's

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If we let him in our lives will be much sadder and poorer for error. We will need to commit hari Kari before we retire as there will be no pension fund he will have lost it in the treasurey.

 

I am so sad when it comes to the government

 

Jay

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But what alternative do we have?

 

The Tories are no better and Cameron just seems to jump on any old bandwagon that comes his way.

 

I agree that we do not need Gordon Brown but maybe it is a case of better the devil you know.

PPMAN159

 

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Hmmm....

 

Now i have had the same kinda thing and am debating whether to write to natwest to say I will only accept their offer if they include the overdraft interest they have charged me NOT the 8% or contractual rate. My reasoning behind this is they have earned interest out of the money they have removed from my account in this time. my offer was £1151 which is the total of the charges ONLY with O.D interest the total is £1229.74...... only £80 (ish) difference, but that money means alot to me!!!!

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