Are they about to settle with Contractual Interest?

[isidore]

I can't imagine so. I wouldn't get your hopes up too much - I would imagine this is no more than a generic letter sent out in order to delay you.

 

Personally, I would have accepted the offer for full settlement but I'm sure we've gone through this somewhere else (in another thread possibly???).

 

You can wait to see what their response to this is but then that's what the purpose of the letter is isn't it!!

[isidore]

In which case, you are probably right to go for it.

 

If everyone was to put the hours in researching the numerous threads and the ever changing arguments on this and be prepared to plan out their attack so to speak (as it sounds like you have), then yes everyone should go for it. For every one person like you, there will be 10 or more who will simply say "that sounds good, I'll add that on then".

 

Don't think everyone should go for it lol

 

 

Back to the point of the post, personally I would go to court, it's just stalling tactics. The way that RBS are conducting themselves at the moment, they are fobbing off everyone they can with the excuse of being behind schedule. They have been quoting 2 - 3 weeks delay! Can't see how you would get a response any time soon.

[isidore]

We are diverting a little from the point of this thread here but it is easy for you to have this opinion because you have taken the time to do the research. Most people don't want to do the legwork or want to put up a fight for it. Until this part of the claim is a given - part of what you are DEFINITELY entitled to and is paid out without a fight - you shouldn't advise everyone to go for it.

 

Try to understand that if you go round saying this, then people will be under the impression they are entiteld to it regardless - and let's face it right now, we're not - and run the risk of losing everything for fighting for something they don't quite understand.

 

I do agree with your opinion, but only once CAG have set out a formal process for this and there is a fool-proof process for "winning" CI. Until that point, the average joe who simply wants to send a few letters to the bank and get their charges back SHOULDN'T go for CI.

 

I'm not being negative as you accused me of previously, just cautious. Not everyone will have the background knowledge you have acquired or be bothered to collect it.

[isidore]

I concur with what Hagenuk says, there is no point in paying out legal fees for smaller claims as it doesn't make financial sense to argue about it.

 

There are very few high profile CI claims that are successful....in fact only Bong's springs to mind right now.

 

A good example of how to do it correctly within the RBS threads is mcuth who is going after CI but is offering RBS the opportunity to come to an agreement. He isn't suggesting he wants the full amount he is giving RBS the opportunity to offer him a reasonable offer (can't even get more than 50 quid right now but that's by the by lol). Point is, it comes across from his letters that he probably realises that he won't get the full amount but wants *something* refunded to him on top of his charges.