Can I Add Interest to Debt Owed?

[Wombats]

Re: Can I Add Interest to Debt Owed?

LBA written and ready to post in the morning. If anyone reads this before about 10.30am, I've stated I'm happy to go through mediation (after 3 failed promises, over 30 ignored texts, a further 40 odd efforts to phone which have only once been answered when made from a strange number and he hung up straight away, and numerous messages via his flatmate to pop in and see us to sort something out.

My issue is the mediation costs are about £1500 per day which is way more than the total debt. I'm aware the court like you to offer to go through mediation, but surely it's madness to include it in an LBA when the costs are so huge. Should I remove this sentence from my LBA, or will I then incur the wrath of the judge?

[righty]

Re: Can I Add Interest to Debt Owed?

No remove it from your LBA you could however mention the huge cost of mediation as apposed to the amount owed in your evidence when you submit your claim to the court

[Wombats]

Re: Can I Add Interest to Debt Owed?

I've removed it and posted it now thanks. I did put on it I was happy for him to make written proposals to me at any time in order to resolve this amicably. Although 'written' makes it sound formal, I'm hoping it gives him another route without having to face me which he clearly does not want to do.

It's a matter of waiting now.

Thanks so much for your help Righty.

[FlamingParrot]

Re: Can I Add Interest to Debt Owed?

LBA written and ready to post in the morning. If anyone reads this before about 10.30am, I've stated I'm happy to go through mediation (after 3 failed promises, over 30 ignored texts, a further 40 odd efforts to phone which have only once been answered when made from a strange number and he hung up straight away, and numerous messages via his flatmate to pop in and see us to sort something out.

My issue is the mediation costs are about £1500 per day which is way more than the total debt. I'm aware the court like you to offer to go through mediation, but surely it's madness to include it in an LBA when the costs are so huge. Should I remove this sentence from my LBA, or will I then incur the wrath of the judge?

No remove it from your LBA you could however mention the huge cost of mediation as apposed to the amount owed in your evidence when you submit your claim to the court

Where did you guys get the figure from? :noidea:

The Small Claims Mediation Service is free: http://www.findlaw.co.uk/law/dispute...ion/23307.html

The Small Claims Mediation Service is a FREE AND CONFIDENTIAL service for court users who are already involved in current defended small claims cases.

Since the launch of the Small Claims Mediation Service, trained mediators employed by HMCS have helped thousands of parties settle their disputes.

If you would like to take advantage of the Small Claims Mediation Service to try to resolve your dispute you should contact your local county court.

[Wombats]

Re: Can I Add Interest to Debt Owed?

I got it from Googling Alternative Dispute Resolution last night. The site (I don't remember which it was, but it was reputable) specified that rate, and said people usually needed a minimum of half a day, costs to be shared between parties.

[Wombats]

Re: Can I Add Interest to Debt Owed?

Things to think about
 the costs involved. Compare the arbitrators’/mediators’ fee with the costs involved in going to court

(Advice Guide UK)