Mindzai & Lucid vs Lloyds TSB ***WON UNCONDITIONALLY WITH CONTRACTUAL INTEREST***

[BreezyDay]

Originally Posted by harvest

I shed a small tear when I heard that neither of you would actually benefit from the money directly as in going out to buy a new car or something.

 

 

 

Hi Harvest,

 

There's no need to be upset at all. We always intended to use the money to pay back debts. We cleared our overdrafts with Lloyds which meant we could finally close our accounts, we paid back borrowings for court fees and then we paid the rest to my sister. We were much happier doing this than not and we do see it as having benefited. We never intended to get a lump sum of money and go on a mass spending spree, and although we still owe my sister money at least we've managed to pay her back a fairly large amount in one go - something which we couldn't have done before.Lucid

 

Extremely well done to both of you. Personally I think the relief of having cleared these particular debts and having the worry of them lifted off your shoulders far outweighs the feeling of going on a spending spree - which in my experience only lasts for that day anyway!

 

I couldn't believe the amount of demanding (and obviously automated) letters you received from Lloyds whilst the accounts were still in dispute. It just adds more to the consumer's argument against the bank's unfair charges and the whole automated letter and non-human intervention process. If that aspect of your case had been brought before a judge, how would they have been able to legitimately argue why it costs £35 or whatever per charge. Obviously they wouldn't unless the system that produces the automated letters is very very expensive to maintain.

 

Good news for you both on the home front; albeit the same home but it's now going to be your home and is another cherry on the cake!

 

Regards,

[Big Man]

Hi

New to site, just spotted Mindzai & Lucid case, and so impressed by thier success with interest achieved, wow !

 

Halfway through a claim with LLoyds TSB, got to stage of thier solictor stating they will defend, so now being transferred from MCO to local court, awaiting document pack from court.

 

I have calculated interest at the statutory 8% with my claim with MCO, can I now re-calculate my claim at 29.8% before it gets to court stage ?

 

I just wanna kick Lloyds butt ! for all grief endured over the years.

[GaryH]

You'd have to make a formal application to amend your claim, but personally I would advise you not to.

 

CI is a very contentious issue. The basis for claiming it is legally unsubstantiated and there are undeniably risks involved. M&L were fully aware of those risks, and they researched the CI arguements thoroughly and were prepared to go to court to argue them. Unless you can say likewise then I would stick with the 8% statutory.

 

Also, when claiming CI you are supposed to include it in the preliminary correspondance, so really its too late in any case.

[chezt]

Hi

New to site, just spotted Mindzai & Lucid case, and so impressed by thier success with interest achieved, wow !

 

Halfway through a claim with LLoyds TSB, got to stage of thier solictor stating they will defend, so now being transferred from MCO to local court, awaiting document pack from court.

 

I have calculated interest at the statutory 8% with my claim with MCO, can I now re-calculate my claim at 29.8% before it gets to court stage ?

 

I just wanna kick Lloyds butt ! for all grief endured over the years.

 

I'm a little confused as you say cancel before court stage but you say you've already filed a claim? If you have already issued proceedings then I think no .... any amendment would really need to be given in writing to the bank & allowing them a further 14days in which to consider your claim ... I have done this with a claim where I omitted some charges & therefore I amended the schedule & went back a step to reissue the previous letter explaining to the bank the reason for my changes.

 

I know you can pay to amend a claim (ie if you omitted something from your POC etc) but I really don't think it is wise to change the amount you are claiming. The only option may be to cancel the claim completely & start again ... hopefully someone who knows the latter for sure may be along to help too - Good luck

[chezt]

Ahhh there you go!

 

Hi Gary .. we we're posting the same time then matey but you beat me to getting yours on the board first (I think it's my waffle!)

[GaryH]

 

Not waffle at all. Spot on in fact.

[Big Man]

Thanks folks

 

point taken will go with original amount.

[chezt]

 

Not waffle at all. Spot on in fact.

 

 

Thanks folks

 

point taken will go with original amount.

 

I can see why you were inspired to go for the lot after reading this thread tho! Perhaps if you have any others to 'go at' next time round?

[Marwood]

Wow! I've just spent the past few hours reading this, and I have to say - hats off to the two of you! I was uncertain about the whole process when I arrived on this forum this morning, but now I feel enlightened and informed!

 

I am inspired, and am downloading your spreadsheet, and will be doing some calculations, post haste.

 

Congratulations, and let justice be served!

[golfscape]

Hi Mindzai & Lucid

 

Im trying to compile a list of successful Lloyds contractual interest claims to use as leverage in court on June 1st.

 

I will need the County Court referenece numbers, looked for yours but could not find them in your thread or in litigation concluded. Is this something you could let me have, by pm if you prefer?

 

Many thanks

[Mindzai]

Hi Mindzai & Lucid

 

Im trying to compile a list of successful Lloyds contractual interest claims to use as leverage in court on June 1st.

 

I will need the County Court referenece numbers, looked for yours but could not find them in your thread or in litigation concluded. Is this something you could let me have, by pm if you prefer?

 

Many thanks

 

Not sure if Lucid has sent them, but if not I will sort it when I get home.

[lucid]

No I haven't - sorry golfscape but i've onl just seen your message. I don't know if it's too late now but I will try and go through all the paperwork tomorrow and find the info. I'd completely forgotten I never got round to a 'Litigation Concluded' post so will do that at the same time. :o

 

I apologise if it's too late golfscape but I haven't been on here for ages - had so much work going on.

 

Lucid

[golfscape]

Mindzai & Lucid

 

Much appreciated, im in court this Friday June 1st.

 

Cheers

[PERICLAN1]

Hi Mindzai and Lucid.

 

This is my first post on the site although I have been trawling and reading through the site for a couple of months now.

 

May I congratulate you both on your success and thank you for posting such a detailed synopsis of your claim.

 

Your posts have inspired me to attempt a claim against NatWest for compound contractual interest however I have a questions of which I would appreciate your views.

 

My claim will be on two accounts, one in my name and the other a joint account. We closed our joint account in October 2002.

 

My query relates to whether it is reasonable to claim cotractual interest on the joint account charges upto now (would be over £6k) or to when the account was closed. I know they have had our money all this time but my concern is that the argument for contractual interest is on the 'mutual agreement' which was ended in October 2002 and am unsure if this would have any bearing on the claim.

 

Appreciate any comments.

[philosipha]

Thought I would interject and say hi every one, thanks for the useful info so far.

I am at this same stage also, so await to hear back.

Good luck Mindzai + Lucid!

[gigglemal]

Hi all

 

just a quick note to add to this tremendous thread, I think this whole affair exudes the spirit of the forum, and serves to be inspiration & educational. Not only does it detail the stages, the concepts of contractual interest, court procedure etc. but it also perfectly shows how to keep the moral high ground in the face of completely irrational & threatening behaviour by the banks and their agents.

 

It's a long read, but exciting & informative, and well worth it - your letters and info must make this an effective test case many will seek solace from, and turn to for advice.

 

WELL DONE FOLKS !

 

For the record, I'm just going through my statements & weighing up whether to go for the contractual interest, basically my situation is rather pressing, and Nationwide's last day is today for a response to my request for payment. I didn't include any interest charges as a 'gesture of goodwill' (in the vain hope of quick payment ), but also because they've only just (apparently) despatched my statements, and I had to chase them too. Also weighing up sending a non-compliance and stepping directly up to MCOL (I've two accounts, one with just under 11k & one just under 1k WITHOUT interest).

 

To explain, I'm in dire need of the money (who isn't ??), and need to weigh up the possible saving in timescale if I go direct to MCOL, rather than sending a LBA and waiting a further two weeks. Nationwide STILL have not sent my main statements (11k claim) unless they arrive today BTW. The flip side is that I can work through the spreadsheets on my lesser claim to see what the interest comes in at, of course anything 'extra' is worth having, but I'm not fully sure I can grasp all the concepts to be completely sure in time - if I'm going to MCOL directly that is.

 

Any advice would be gratefully received of course, I suppose if I go the non-compliance option and omit the LBA, or wait a few days to evaluate the full interest calcs, it may be prudent in the long run.

 

 

[bugged lady]

Wow! Have just finished reading your thread from beginning to end! Totally inspirational. Fantastic. So absolutely delighted for you that you won and beat the buggers in the end. Well done. Congratulations. Was, as others have said, like a really good read/book and I found myself wanting to cheat and read the last page to see how it all ended!

 

Am new to site and will certainly be referring time and time again to your fantastic letters and just to be inspired to keep going!

 

Your journey has already brought up questions I never thought about/knew but they will have to wait till tomorrow. It's 3.00 in the morning! Totally mad-been reading this for hours but I just couldn't 'put it down'.

 

Once again congratulations to you both and good luck with next claim.

 

I love a story with a happy and morally just ending.

[majorclanger100]

Cor what a thread! It's better than 'Gone with the Wind'....

 

I've just come across this and have been enthralled - you are an inspiration to us all, Lucid & Mindzai! I particularly enjoyed your fabulous letters. Congratulations on your victory, as you certainly deserve it.

 

It has made me much more confident about my forthcoming fight with the Woolwich, as I'm getting pretty much the same response from them as you guys did with LTSB. I just feel like I'm banging my poor old noddle against the proverbial brick wall. If it is OK I may steal some phrases from your letters?

 

WELL DONE!!!