sainsburys bank puzzle

nickmack

Zedicus wrote: »

So, are YOU legally qualified?

No and even if I was, you won't get any legal advice on here. If you want legal advice, go to a solicitor.

In this instance there is no 100% correct answer, some judges will strike the claim, others may not. I'm just telling you what is likely and what may happen from my knowledge. If you choose to ignore this, that's up to you.

The reason I'm very dubious about this, apart from the bizarre implication that you ARE entitled to interest but only if the case comes to court (where is the logic in that?), is that people are suceeding in making claims for the interest, and if you were correct, the banks could avoid those interest payments simply by making a last minute offer of the amount less interest.

We know that the banks HATE paying out, so if you are correct, they would seem to be habitually paying out money where they could easily avoid doing so.

They could but they choose not to. The probable reason is that it's more cost effective for them to take claims to court. The amount in court fees and interest they pay is likely less than the amount of the claims people drop at this stage.