Re: bobogosing's UE diary
I would assume until corrected that that is speculation. They have always only paid pennies in the pound (10p to 12p) anyway for the whole book. How many are going to be difficult like us lot ? 5%--- 10% ---- 15% tops??? If they force F & Fs at 50% out of a lot and only achieve say £1 a month on 150,000 debt accounts, thats not a bad return. Their costs are minimal even for small claims court actions as probably their legal people are not the best in the world (very few use the likes of Wragge & co and Hogan Lovells) so are on cheap retainers for volume work.
Its all a numbers game to them. Lowells on one of accounts said in a letter that we neede to settle this now one way or another as we didn't want it to go back to Barclays. Barclays wouldn't have it back because there is a nasty soliciotr waiting for them to step out of line again. So when challenged with s78 they subsequently backed down stating that there is no paperwork and unless and until etc the account is closed.
regards
Garlok
I would assume until corrected that that is speculation. They have always only paid pennies in the pound (10p to 12p) anyway for the whole book. How many are going to be difficult like us lot ? 5%--- 10% ---- 15% tops??? If they force F & Fs at 50% out of a lot and only achieve say £1 a month on 150,000 debt accounts, thats not a bad return. Their costs are minimal even for small claims court actions as probably their legal people are not the best in the world (very few use the likes of Wragge & co and Hogan Lovells) so are on cheap retainers for volume work.
Its all a numbers game to them. Lowells on one of accounts said in a letter that we neede to settle this now one way or another as we didn't want it to go back to Barclays. Barclays wouldn't have it back because there is a nasty soliciotr waiting for them to step out of line again. So when challenged with s78 they subsequently backed down stating that there is no paperwork and unless and until etc the account is closed.
regards
Garlok
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