Recovering MCOL Default Judgment

minsted

Hi
New user here - I have obtained a Default Judgement against Lloyds through MCOL for about £ 3,000 of bank charges.

So far Lloyds seem to ignore the whole process. I am now going to write to them to give them 14 days to pay.

However, assuming they don't pay, from looking at the forum it seems that going via the Warrant and bailiffs is a frustrating exercise. I am currently in the process of transferring my main account elsewhere but was thinking of just going £3,000 overdrawn on my account and telling them to apply the judgement in settling the overdraft and closing the account.

Has anyone done this ? Assume the problem is whether they rubbish my credit record and all the hassle that can cause.

Interested to know what people think.
Thanks

Wywth

minsted wrote: »

Hi
New user here - I have obtained a Default Judgement against Lloyds through MCOL for about £ 3,000 of bank charges.

So far Lloyds seem to ignore the whole process. I am now going to write to them to give them 14 days to pay.

However, assuming they don't pay, from looking at the forum it seems that going via the Warrant and bailiffs is a frustrating exercise. I am currently in the process of transferring my main account elsewhere but was thinking of just going £3,000 overdrawn on my account and telling them to apply the judgement in settling the overdraft and closing the account.

Has anyone done this ? Assume the problem is whether they rubbish my credit record and all the hassle that can cause.

Interested to know what people think.
Thanks

You can't set the timetable now the court has given judgement. All you can do is follow the legal process.

They'll let you throw more good money after bad trying to enforce the judgement.

Eventually, after you've spent a small fortune, they will apply to the court, initially to get the default judgement set aside - the chances of which are very high.

If your claim relates to an allegation of unfair bank charges, they will then apply for your action to be struck out quoting the decision of the Supreme Court in 2009.

I would urge you to seek independent legal advice.