BF v Abbey ** SUCCESS **

[bloomingflower]

Hi All

Have been a long time member of RUC and LB.. and am always 'lurking' on here..

SO please dont faint LOL... this is my new thread on here BF v Abbey. I started my claims back in June/July of last year for the total amount in charges of £3,339 (without interest)

My main threads are over on RUC.. (if im allowed to say that!)

After reading some posts on other sites this morning, and reading about the FSA extending the waiver for a further 6 mnts, I have decided to pursue my Abbey claims under financial hardship...as it seems that I have learnt some people are now being refunded their charges (without compound or stat interest) based on hardship issues...

My question is.... before I go ahead and draft up a hardship letter to Abbey and state to them that I would be prepared to accept the charges as a partial settlement without any form of interest (IF they agree and end up offering the charges only) Would it be within my rights to proceed my case for CI after the Stays have been lifted ??


I would like to know where I stand legally on this (if thats right word).. and whether it is worth doing at this stage, also want to ask someones opinion before I actually pursue this.. I really dont want to forfiet the CI if I can help it! Been waiting for over a year, its long time and alot of interst! I would like to obviously stick to my original claim for charges and CI..not gain one, and lose the other.

Many thanxs for any replies...



BF x (Jas )

[bloomingflower]

Re: BF v Abbey ** INTERIM PAYMENT OFFERED**

Hiya BF

When you spoke to Ronan did he not say how they were calculating the sum, not that it matters as you have a decent payout and you should be able to try and clear some of your debts and have a little something over for yourselves for a treat.

BLOOMING FANTASIC AND WELL DONE.

TUTTSI XXX

Hi Tutts x

When I spoke to him on the phone he said that Abbey were currently settling claims on a 65% basis (with simple 8%, not CI). Then he just quoted the above figure and asked if I would be happy to accept it.. I didn't realize at that time he was offering more than 65%.. it only occurred to me when I had properly looked at the total of claim. I was just gobsmacked that he was ringing me back and making an offer in the first place, he promised on other occasions he would ring me back.. but never did.

I had a lot of negative thoughts the last couple of weeks thinking why it took so long for them to confirm hardship.. but I guess all that ringing up paid off in the end (and a huge phone bill LOL ). TBH, I nearly gave up ringing him on Friday..and was all ready to draft up letters to the fsa/fos. It was all because of you, Outspoken, Ame and Buds and others support and the extra push to call him again, so its many thanxs to you all we got an offer in the end,(and the letter regarding rent arrears lol)





BF xx

Re: BF v Abbey ** INTERIM PAYMENT OFFERED**

Hiya BF

When you spoke to Ronan did he not say how they were calculating the sum, not that it matters as you have a decent payout and you should be able to try and clear some of your debts and have a little something over for yourselves for a treat.

BLOOMING FANTASIC AND WELL DONE.

TUTTSI XXX

[scoobydoo]

Re: BF v Abbey ** INTERIM PAYMENT OFFERED**

Fantastic news


Well done - perseverence paid off in the end.

Hopefully this will give you a bit of a breather to get yourselves straight . You deserve a break, in more ways than one

Scooby

[Amethyst]

Re: BF v Abbey ** INTERIM PAYMENT OFFERED**

lol oh maybe not then.

Well whatever it is it bloody helps you out

[bloomingflower]

Re: BF v Abbey ** INTERIM PAYMENT OFFERED**

Whats the total of your claim with your CI ?

Is it 65% of that ?

Hi Ame :tinysmile_grin_t:

The total claim with CI is £14,913.67.. so I guess its not 65% of this.. x



BF xx

[Amethyst]

Re: BF v Abbey ** INTERIM PAYMENT OFFERED**

Whats the total of your claim with your CI ?

Is it 65% of that ?

[bloomingflower]

Re: BF v Abbey

Hiya everyone !

Wooohooo !! Halleluah !!!

Alot has happened this morning LOL

I took notice of Ames reminder this morning to call Ronan for one last time to see if there was anymore news regarding my o/hs hardship claim.. I got thru to his answer phone and left a message. But then. I decided to ring another number and got thru to a lady who said she would put me thru to Ronan direct as I knew he wouldn't get back to me.

I finally got to speak to him and told him that we had received another letter from our Housing Association regarding our rent arrears etc... He asked me to fax the letter to him and he will get back to me as soon as possible.

I don't have a fax machine at home.. so had to go to the library..

I got back from the library.. and just as I set my foot thru the door.. Ronan rang me back with an offer of 65% the claim..£6,405.. (by cheque into bank account)

I cant believe it !!! this will definatley help us to get back on our feet and sort ourselves out..



BF xx

Hi All !


I spent nearly the whole of yesterday cleaning my house ! (dusting,polishing etc...)as I had been neglecting it for the last couple of weeks lol

Ive just read back on my above post..and had time to sit down and digest everything and I have realized that we got this offer of nearly the whole of my o/hs claim !


I have worked this out properly on my trusty calculator LOL.....

The total of charges was £5,482 plus simple daily interest at 8% APR of £1,373.25 = £6,855.25. (grand total of claim).. the offer is for £6,405.91 so in fact, it wasn't 65% offer of claim !, it was roughly 94% !


This must be a first???!!


Have also received a letter from Abbey yesterday morning confirming the offer..... dated 19th Sept 08

Dear Mr ****

We refer to the previous correspondence in this matter and the telephone conversation with Ronan Coyle today.

Having examined your case of financial hardship both sympathetically and positively Abbey National PLC entered into negotiations to settle your bank charges claims.

We now write to confirm the agreed terms of settlement.

As discussed, Abbey agrees to make payment to you in the sum of £6,405 in settlement of your claim without admission of any liability and does not prejudice your rights under the Financial Services Authority Waiver dated 27th July 2008 (which may vary from time to time).

Abbey is raising a cheque for the above said sum that will be paid into your account.


Yours faithfully



Abbey


BF xx

[bloomingflower]

Re: BF v Abbey

:cheer2::cheer2::cheer2::cheer2::cheer2::cheer2::c heer2::cheer2::cheer2::cheer2:
I am soooooooooooooo thrilled to hear the good news, it's been a long time coming!! Congratulations on not own your payout but on having the hugest amount of patience i've seen in a person!!! :hail:

It's great to see a really good person have something good happen to them for a change

Now go and have a very large liquid celebration!!! arty:

Aw thanku Jen.. its still trying to sink in tbh..it shocked me that Ronan rung me back, l wasn't used to that ! My o/h is in a daze lol

Its been a bit of a nightmare having to wait for a reply the last couple of weeks... and was nearly ready to complain to the FSA/FOS..but now at least we can move forward and pay the arrears/debts that are priority.

Am celebrating with a nice cold glass of white grape and peach juice drink
as I havent got any alcohol in the house... LOL x


BF xx

[Budgie]

Re: BF v Abbey ** INTERIM PAYMENT OFFERED**

Maybe it's worth a little bit of haggling with them when Jas in actually in a position to pay them off !!!

[Amethyst]

Re: BF v Abbey ** INTERIM PAYMENT OFFERED**

They aren't being ripped off - well despite the 1539% PA interest shes paying. These loans are meant as interim loans while you wait for a payment in so are usually only for a couple of weeks where at which point it only costs you £25 per £100 you borrow. Its just a simple way of borrowing money. BUT if you don't pay it back and extend it to the next month they stack up ridiculously and get impossible to get out of.

From what Jas has told me and I have looked up the charges on her accounts are bonafide finance charges however ridiculous the rate of interest.

[fuzzybrain]

Re: BF v Abbey

:cheer2::cheer2::cheer2::cheer2::cheer2::cheer2::c heer2::cheer2::cheer2::cheer2:
I am soooooooooooooo thrilled to hear the good news, it's been a long time coming!! Congratulations on not own your payout but on having the hugest amount of patience i've seen in a person!!! :hail:

It's great to see a really good person have something good happen to them for a change

Now go and have a very large liquid celebration!!! arty:

[Happyolddog]

Re: BF v Abbey

CONGRATULATIONS.

[bloomingflower]

Re: BF v Abbey

Am just thinking, anyone making sure BF is not getting ripped off paying these criminals off, or is it a set amount?

Hi Enaid !


Yes, you are absolutely right there. Enaid.am paying thru the nose for these type of loans., but didnt really want to take them out in the first place tbh... It made sense at the time cos we needed something to tie us over til next payday.

We know its not a very good thing to do..
Its like doing a deal with the Devil !

Im so glad we now have the opportunity to clear these loans tho.. and wont need to rely on them anymore !


BF xx

[enaid]

Re: BF v Abbey

yeyyyyyyyyyyyyyyyy xxxxxxxxxxxxx now get them darn payday loans paid off ! :kiss:

Am just thinking, anyone making sure BF is not getting ripped off paying these criminals off, or is it a set amount?