Abbey VS Mackay32 **Payout After Lloyds Bank Judgement***£4,487***

[mackay32]

Hi all,

 

I tried to link up all my threads so you could see how my journey started, but here it is so you all have an idea of what happened

 

I made a request for my statements in September 2006

 

I finally recieved my Statements in December 2006

 

I sent out my preliminary letter in December 2006 and followed the LBA procedure

 

I then made a claim on line at the end of february 2007

 

Abbey defend claim within 28 days

 

I was made an offer for £2,300 in March 2007 I did not reply

 

I was then sent an allocation questionaire in March 2007 which I completed

 

I recieved an allocation questionaire on behalf of Abbey in April 2007

 

I recieved an order from the district judge saying the case had been moved to the high court (fast track) in May 2007 (Two weeks before the Lyods bank ruling)At this point I started to get worried, because I knew it would take longer to get a court date

 

The Lloyds bank Birmingham ruling is made public (last week) My worry increases

 

Two days after (Last week Thursday) I recieve a cheque for the full amount plus interest acumulated.

 

I realise - the interest in the high court would be more for the bank (almost double), it would take longer to get a hearing date, costing the bank more in interest. The bank decides to settle to avoid extra cost.

 

It appears my district judge sent my case to the fast track although it had not yet reached the fast track bench mark of £5,000, howeevr it may have by the time I get a court date. The bank must have realised they would not have been able to win their case, so they settle.

 

So for all those who thinks the situation may get worser for us and better for banks - I honestly feel the situation is the reverse!!!

 

My cheque was dated on the day of the Lloyds bak ruling, so I do not know if it had an effect or not!!

 

Bu tI can confirm that I have been paid out since the ruling!!! :)

[Trix]

mackay, thats great you got your payout, My situation is that I sent off my letters requesting my money back, I never got any response, then I phoned Abbey who said they never received my letters ( I sent them recorded delivery) I then filed a claim at the small claims court on line, I received notification last week from the courts to say that Abbey have until the 30th May to respond. What is likely to happen next does anyone know?

[mackay32]

Yes I do !!

 

Abbey have to file a defence

 

They will either defend or make you an offer. In may case they defended and made an offer...

 

Either way, they will have to pay out before the trial date!!!!

 

Follow the procedure, be patient and don't worry

 

Also post in this forum if you have any concerns!!!

 

Also see my other threads:

 

http://www.consumeractiongroup.co.uk/forum/abbey-bank/52562-abbey-wont-send-me.html?highlight=mackay32

 

http://www.consumeractiongroup.co.uk/forum/abbey-bank/54126-mackay32-abbey-prelim-stage.html?highlight=mackay32

[Debaz]

Hi mackay Abbey paid me out last week too just waiting for it to clear in the bank congratulations and well done

[vicky54]

Congratulations mate:D :D

[mackay32]

Thanks Vicky54

 

Thank you and well done to you too Debaz

[Kevboy_telford]

CONGRATULATIONS :):)

 

Kevin

[drufcdragonno12]

Nice one

[cassie2006]

CONGRATULATIONS:D :D

I had an offer the same evening as the Lloyd's "win".

 

That ruling was a one off which will probably be overturned on appeal. It really hasn't hurt us.

 

 

Good Luck everyone:)

[mackay32]

Here here!! I agree

[livelylad]

Thread moved to success forum.