We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

should i add interest as a bargaining tool?

Options
Hi hope this is the right place to post!

I have recently recieved an offer from my bank of £430 on my initial claim of £825.

I will decline this offer, however should i add the interest to the charges in the hope that the bank will make me an improved offer nearer to or matching my initial claim?

I would quite happily accept the full amount as settlement without interest but i am quite willing to pursue the matter to the courts. In which case is it prudent to add the interest in the event that the dispute does go to court?

In the end all i want is my money back!

Thanks to all in advance for your opinions.

Best Regards,

Tuggers.

Comments

  • gizmo111
    gizmo111 Posts: 2,663 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You cannot ask for interest until you file a claim. In your rejection letter put a line saying something like -

    I will continue to pursue the balance through the courts if neccassary, at which point I will add costs and statutory interest for which you will be liable.
    Mama read so much about the dangers of drinking alcohol and eating chocolate that she immediately gave up reading.
  • Hi Gizmo,

    Thanks for the Info..

    Best regards,

    Tuggers
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.