Stop Press - View On Oft/bank Announcement

techspec

DotingDad wrote: »

It now seems evident why the likes of Abbey in particular have obfuscated with their 4 week and further 4 week letters.

This smells of a conspiracy to me.

Well I got my daughter £210 (gestures of goodwill) out of £590 from Abbey and was about to go to the FOS for the remaining £380 plus interest.

I guess we can kiss that goodbye now.

A thought that occurs to me: When the banks win the charade sorry court case will they be able to sue for all the monies they have paid out already?

No, they won't be able to sue for the money back, as they were not ordered to pay it.

They offered the money as a gesture of goodwill, or lost in court because they failed to defend.

That money is lost to them, and in fact, they are still paying out all the offers already made.

tony101

just got of the phone to some nice woman at scam(lloyds solicitors).i sent my acceptance offer in the post on 15/07,i also got a bit worried after yesterdays goings onand was told my money would be in my account by close of buisness today.so those people who have accepted and signed and posted their settlement offer dont worry you will get your money.

soundmangt4

I accepted an offer on Monday and posted the acceptence letter recorded delivery. I really hope they honour their offer, as I'll be gutted if they decide to hold the payment. How legally binding is an acceptence letter anyway??

maxinex

Has there been any comment for the courts, regarding existing claims?

I know all of the banks are applying for stays in all cases, but what if the notice to apply for stay has expired. The courts are telling us to carry on regardless, the banks are saying all cases are suspended, what is the legality?

I think we need some clarification from the courts as to what is happening with the cases that are already in process.

tony101

totally legally binding......once they offer you a final settlement figure and you sign to accept their offer that is it,i know this because i asked my sister-in-law who is a solicitor.

borgbaiter

on a possibly brighter note. If the courts suspend a case i assume the 8% interest continues regardless? if so its a pretty good savings plan all be it dependant on us winning :-)

got to try and stay possitive aint we :-)

soundmangt4

Thanks Tony101, I was starting to sweat a little. I already had plans for the cash, but haven't started spending yet thankfully!!!

techspec

Interesting point on ITV news. If you are in 'hardship', your bank must still handle your claim.

So if you are not working, i assume you can still go ahead.

But surely, if you are in debt, you are also in hardship. I would have thought many bank claiments have some hardship, or they would not keep going overdrawn in the first place.

Bert77

I have spoke to OFT and County Court where my claim is being processed.
I was advised by OFT that the FSA waiver applys to complaints by customers either made directly or through FOS.
Northampton County Court advised that existing claims that are in the system had not been suspended and they will proceed as normal.

Hermann

I haven't been able to confirm it anywhere yet but a news item on ITV with someone from Which? stated that there was an exemtion from having your complaint frozen.

The person being interviewed clearly stated that people in financial hardship were exempt from the freeze ie. the complaint should still be dealt with.

If this is true then it must cover a large number of those claiming.