Why dont they settle ?

[stubbarama]

I am currently in dispute with Nationwide, and it seems that they are prepared to let me take it to the on-line claim stage.

 

Now by doing this this the amount in question changes from the orginal £1550 to £2200 (£1550, £430 Int adn £220 costs).

 

Make it 50% more. Now Nationwide acts on behalf of its members, and Banks act on behalf of shreholders and while they need to limit the claims made agaisnt them, They also have an obligation to limit damages.

[gothicf0rm]

ive wondered the same thing, it makes absolutely no commercial sense to defend a case pointlessly whilst logging up interest all the time. stephen's was the most insane. they had his original claim for 848 struck out and then he put in another claim and they ended up paying 5000 plus 2500 costs. for what??!

[Guest]

To test peoples willingess, I'd imagine. Look at the one that was due to be in Court on the 14th - suddenly, LESS THAN A WEEK before the actual hearing, settlement in full.

 

The Banks are worried. They're on the defensive. People are starting to win against them, and they really don't like it. The problem for them is, since they are not obeying the law there's nothing they can do about it. The only thing they can try to do is keep a lid on this, because if they don't all hell is going to break loose when most of the country starts threatening them with court action.

 

Of course, this would cause the local county court system to grind to a halt, which means the government or the OFT are going to HAVE to do something before the court system drowns altogether.

 

I can see only one loser here - the banks. But they'll continue to push, because they're bullies. When push comes to shove, though, bullies are always cowards, so in the end they back down. It's all they can do.

 

If they can scare someone into making it seem like there's grounds to contest it, maybe that person will withdraw the lawsuit, in which case the bank has won - that's the ONLY reason they hold out as long as possible. It's also why it's so important to stick to our guns here. We WILL win, but the banks will never make it easy.

[stubbarama]

This topic was closed on 03/05/19.

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