What impact will the OFT have?

Twinkly

... sorry ...

Wavy_ll13

Hi

My problem is I have just had the 2nd letter back from First Direct again saying there charges are legal etc etc. Can someone help here please - I still wish to claim the whole amount (approx £4000 plus £1100 interest). With the OFT decision immenant then do I start a court claim asap before the ruling as I understand that the claim actually starts when you make the court claim and not when you first contact the bank - someone please correct me If I'm wrong on this. Do people think the 'decision' will have much of an effect on the success rate of claims - am I better off starting claim immediately or does it not really make any difference - still very apprehensive about making the court claim and want/need to go into this with a clear head, and not to rush things. :eek:

Twinkly

Wavy_ll13 wrote: »

Hi

My problem is I have just had the 2nd letter back from First Direct again saying there charges are legal etc etc. Can someone help here please - I still wish to claim the whole amount (approx £4000 plus £1100 interest). With the OFT decision immenant then do I start a court claim asap before the ruling as I understand that the claim actually starts when you make the court claim and not when you first contact the bank - someone please correct me If I'm wrong on this. Do people think the 'decision' will have much of an effect on the success rate of claims - am I better off starting claim immediately or does it not really make any difference - still very apprehensive about making the court claim and want/need to go into this with a clear head, and not to rush things. :eek:

Your claim starts from the first letter asking for the charges back. It gets offical and legal proceedings level at court stage.

As for the OFT decision start at page 1 of this thread and work your way through is my advice, it will become clearer

loophole_2

MSE_Martin wrote: »

Sorry I'm confused - did I say the word "illegal" if so I'm surprised as I try to be careful to avoid it - though in live broadcasting in the heat of the moment its always possible?

Or are you saying it was written in a trail for me - in which case - i have as much to do with it as I do writing the Queens speech.

All the best

Martin

Fantastic Martin, I love your work!!! :j :T :j

mountainofdebt

I wrote a letter to MINt asking for my charges back - all £80 of them (well better in my pocket than in theirs - and they have written back to day offering me £33 based on their calculation of the difference of the orginal charge (£20 per charge) and their charge now (£12)

given the ruling deadline (ie only a few days away) I think I will accept - even better when I throw it at a RBS debt, !

ukmonkey

why accept? Do you really think it costs them £12?

I dispair!

Alias_Omega

For the £33, id rather see them in court..

ray131262

Twinkly wrote: »

It means you will have more chance of a quick settlement based on the difference between the charges and the OFT suggestion. The banks will try and use the figure as a fact of law, which it isnt, in trying to get you to back down.

For a better settlement the chances remain the same as before so stick to your guns.

Good luck

Hi I claimed 500 from cap one. Reply has offered the difference between 30 and 12 hence paying me circa 270. They didn't even offer they just did it, I am not so sure if ti is worth pursuing any further, I think this OFT ruling is somethingb they can really use as a defence. Any suggestions?

nickmack

ray131262 wrote: »

I think this OFT ruling is something they can really use as a defence. Any suggestions?

I'd be interested to know why you think this.

The_Scarlet_Pimpernel

Maybe because the advice given keeps on saying that the banks will only repay part of the money after the OFT report, claim now, claim now, so the OFT report must have some kind of influence? Because the papers are also repeating the same nonsense as gospel now? Repeat it often enough, people will believe it.

It is easy to start a panic with false assumptions. Stopping it is going to be a lot harder. :mad: