Simply 3G (merged threads)

skint02

Sorry, amendment to previous post - posted MONDAY 07 January.

sarahh112

Just checked again on RM system that the claim I sent on 13th December has arrived with Simply 3G and it was delivered on 17th December. The electronic signature is now available - not that you can make out the signees name from the scrawl.

It will be interesting to see if it is the same signature on the one that they will receive on Monday.

Surprisingly I havent received the offer email from them yet - perhaps they know that I will recommend where they can place said offer :rotfl: :rotfl:

GunJack

More good advice from quentin on the previous page....what it does show is that it's time to do the sums......

for example, s3g are offering 40% of the claim, spread over 12 months. Let's say the claim is £200. So, they are offering you £80 spread over a year, providing they keep trading and generating revenue. The most you lose if they go under is the £200.

If you claim via MCOL for your £200 plus costs of (off the top of my head, I think it's just gone up) £55 and they fold anyway, your maximum exposure is now £255.

It all depends on whether you:-

a. believe they can continue trading and therefore generate enough revenue to pay you the 40% (or less).

b. believe they will fold anyway and you want to risk an extra £55 on court fees which you'll never get back.

What's YOUR risk profile ??? Have to admit, in the current climate mine is noticably tighter than it was..........

Quentin

What they are offering isn't 40% of the total amount - just 40% of any debt currently outstanding.

sarahh112

Quentin wrote: »

What they are offering isn't 40% of the total amount - just 40% of any debt currently outstanding.

That is how I read it - so at the moment I would stand to get back £42 out of the £420 they owe me for the 3 contract that I am 6 months through and stuck in for another 6 months paying £35 a month.

I would also stand to get £84 back from the vodaphone account that I am 9 months through and am also technically owed £420 for.

Hence my harsh stance. I think their offer is a joke.

GunJack

yes guys, I know it's 40% of what's outstanding, I was just using an off-the-cuff figure for what's outstanding of £200. This will obviously vary person by person depending on how much the overall claim is, how much they've had already, etc., etc. For me personally, that £200 isn't far off. At least I got my quidco cash from them, so even if I get nothing further, I'll have had a couple of month's worth of free line rental.

mobilejunkie

sarahh112:- 40% of what's outstanding is 40% of £420. That means £168, not £42! The amount outstanding is only less to the extent they've paid some of the cashbacks. This is about their debt to you - not your liability to the network. Even based on the way you've worked it out, 40% of £210 is £84 and not £42.

Quentin

MJ - they are saying:

We propose to pay you 40% of the total money owed to you at this point.

This is quite different to saying "we propose to pay you 40% of the money outstanding"

Anyone contemplating this offer should be sure they understand its careful wording.

mobilejunkie

Ah. That's still a little ambiguous; someone having taken out a contract recently and not got to the first claim point could receive zilch depending on the interpretation. Is that not open to a potential legal challenge on it's actual meaning? "At this point" could mean the contractual amount less anything already paid; alternatively of course it could mean the amount of any existing unpaid claims - but even then when does a claim become a claim (when the relevant bill is printed, posted or received?). I am not entirely sure it is that clear cut at all. However, I bow to your legal knowledge if you can clarify the matter.

sarahh112

I have interpretted it that it is the money owed at this point in time and as my '3' account is now 6 months - I am sending my first claim for it off tomorrow - therefore I would only be entitled to 40% of that specific claim (hence £42) ((£35 * 12)/4)*40%=£42.

The vodaphone contract would be slightly better as I sent the second claim in with Novembers bill (month 8) so I would be entitled to 40% of two claims worth. Mind you when the January bill comes in - I would be entitled to 40% of three claims worth which would work out as £144. But at the end of the day I would not accept it. I know its selfish but I think I would rather see them go bankrupt than walk away with all our money like this.:mad:

Sorry post pregnancy hormones are playing havoc with my temper.