Not Won Yet, However Read On.

[ADNALOY]

Just thought I would post this blog to give people a little glimmer of hope.

 

I was initially trying to reclaim just over £4500 from Lloyds TSB. I asked them for a refund to which I received a bog standard, automated reply. The answer was a firm NO.

 

I wrote again threatening to take them to court (sent via recorded delivery), if I did not get my money. I received no reply.

 

I then sent a third letter and reduced my amount to £3500 as an offer settlement, again recorded delivery. I again mentioned I would persue this in the courts. No reply.

 

I have since filed a case on the 'Moneyclaim' website which cost me £120. This was on the 19th June. I received a letter from a solicitor (30.06.07) acting on behalf of Lloyds stating that they have no admission of liability, however are willing to enter into settlement with me!!!

 

I am currently liaising with the court on the next step, but just thought I would let others know then they are not put off by this process.

 

It is daunting taking on the banks, BUT if I get my refund it is well worth it.

 

[Russjo]

Well done you, I hope they settle quickly for you. And you're right, people do need to hear as many success stories as possible

[nicsussex]

Not quite sure why you were prepared to kiss goodbye to more than £1,000 that they would have repaid anyway?

[Russjo]

Personally, I think it's a personal decision and individually we should decide what we are prepared to take

[nicsussex]

Personally, I think it's a personal decision and individually we should decide what we are prepared to take

 

You are quite right it is up to everyone to decide what they are prepared to settle for - just strikes me that LTSB will actually feel that they have 'won' this case if the settlement is made at the lower rate.

[Russjo]

I know what you mean, but sometimes, it's a case of weighing up how much more of the process you can take against the offer made (for some people). I think it depends on what the amount means to that person and good luck to anybody who is willing to settle for a little less

[nicsussex]

and good luck to anybody who is willing to settle for a little less

 

But why - we all know that LTSB will play the waiting game - but at the end of the day will always settle (providing claim is prepared correctly) and what is the point in giving away almost 30% of the money that they have unlawfully taken from you - I reiterate that LTSB will count this as a victory this is exactly what their stalling tactics are deigned to produce!

[Russjo]

I'm not advising that people should settle for less, I'm just saying that for this process you need nerves of steel in some cases, and not everybody is willing to put themselves through it from start to finish

[nicsussex]

I would advise the Op to pop into the Lloyds forum and have a good read of their tactics before accepting any discounted offer

[Bigmac versus]

Hopefully the OP has done exactly this and actually looked in the success forum there.

If you havent then have a look in there and make your decision.

The choice is yours at the end of the day and it may be that the offer is good enough for you and that it is really needed at the moment.

The latter offcourse is what all the banks hope for and by dangling that carrot some people will bite. I also feel Lloyds would regard this as a success.

Good luck with your choice whichever way you choose.

[rory32]

Agree with BigMac, often people reclaiming charges have other debts and really need the money ASAP so are willing to settle for less than they could get.

 

Ideally you would always hold out for the full amount, but things are not always ideal.

 

If you can wait adnaloy and are willing to go to court if need be (for some people this can be very daunting but with the help of CAG it shouldn't be) then you should get the full amount.

 

Really it comes down to your personal choice.

[calm1]

My partners banks' solicitors SC&M have been carrying on with this "without prejudice negotiaion" rubbish for months. This is a delay tactic - I'd be interested to see when they settle with you, and do hope that for you it is speedy - I can't help but have my doubts. Their time has definitely run out as at 4.00pm today and we are filing for High Court judgement.........................

[livelylad]

Thread moved to Lloyds forum.